Crude oil prices held in a tight range this week as investors focused on the stalemate between the US and Iran. Brent, the global benchmark, ended the week at $88.28 a barrel, while West Texas Intermediate (WTI) settled at $83.45. Both benchmarks remain more than 30% below their highs for the year, and key developments
As governments and regulators around the world intensify scrutiny of social media’s impact on children, Meta’s landmark US settlement marks a major shift in how technology companies may be held accountable for the way their platforms are designed and used. Meta has agreed to overhaul parts of Instagram and Facebook in the United States and
The US stock market ended lower on Friday as investors assessed Federal Reserve Chair Kevin Warsh’s warning that recent inflation data had not shown enough improvement to alter the underlying trend. The remarks increased expectations for a potential interest rate hike in September. The S&P 500 fell 0.26% to 7,711.05, while the Nasdaq Composite dropped
Strategy Inc. MSTR (formerly known as Microstrategy) shares rose more than 12% on Thursday as Bitcoin broke above the $80,000 level, lifting investor sentiment toward the company, which is often viewed as a leveraged equity proxy for the cryptocurrency because of its large Bitcoin holdings. The Nasdaq Composite was up 1.5%, while the S&P 500
Nvidia (NVDA) stock was down over 1% in after-hours trading after the firm posted its earnings report. Nvidia reported record second-quarter fiscal 2027 revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year earlier, as demand for AI infrastructure continued to accelerate. Net income in the quarter more than doubled
Meta Platforms (META) has reached a settlement to resolve claims from states that the company designed Instagram and Facebook to be addictive to children, misled consumers about the safety of its platforms, and improperly collected personal information from young users. As part of the settlement, Meta agreed to pay $16.7 billion, with California expected to
Strategy (formerly known as Microstrategy) MSTR did not buy any Bitcoin last week, but the company used a roughly $2 billion stock sale to strengthen its liquidity position as the cryptocurrency rallied sharply. Bitcoin rose nearly 25% over the past week and traded around $78,700 after coming near $80,000 on Monday. Strategy shares gained about
Crypto tokens associated with President Donald Trump are plunging this weekend as his approval rating sinks to a new low. Official Trump (TRUMP) meme coin dropped to $2.488, down by 32% from its highest level on Saturday. WLFI and TRUMP tokens have slumped Similarly, the WLFI token dropped to $0.057, down sharply from the weekend
The Dow Jones Industrial Average rose nearly 1% on Friday as US stocks recovered from a sharp sell-off in the previous session, while investors continued to monitor elevated Treasury yields, oil prices and tensions in the Middle East. The S&P 500 and Nasdaq Composite also gained, although all three major indexes ended the week lower
US Treasury yields are rising again despite the Treasury Department’s attempt to calm the bond market, but the renewed climb in borrowing costs is not derailing stocks now. The 10-year Treasury yield held around 4.7% on Friday after jumping five basis points to 4.69% on Thursday, reversing the decline that followed the Treasury’s surprise announcement