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
Federal Reserve Chair Kevin Warsh signaled that the US central bank may need to do more to contain inflation, arguing that recent improvements in price data have not provided enough evidence of a sustained slowdown. In his first speech as Fed chair at the Kansas City Fed’s annual Jackson Hole symposium, Warsh said the central
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
SpaceX (SPCX) shares rose about 2.5% on Tuesday after closing at its initial public offering price Monday, as JPMorgan highlighted the company’s expanding artificial intelligence ambitions and enterprise strategy. JPMorgan reiterated an Overweight rating and $240 price target on SpaceX, implying roughly 74% upside from the stock’s current price. JPMorgan sees AI opportunity JPMorgan’s bullish
US stocks closed mixed on Monday as a decline in technology and semiconductor shares weighed on the S&P 500 and Nasdaq, while the Dow Jones Industrial Average gained. Investors also assessed lower Treasury yields, fresh tariff threats and the prospect of expanded US sanctions on countries doing business with Iran. The S&P 500 fell 0.28%
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
Bitcoin (BTC) has charged back above the $72,000 threshold – igniting a fresh wave of optimism across the cryptocurrency market. The sudden surge followed an unexpected liquidity decision by the US Treasury Department that catalyzed risk assets and sparked renewed fears over currency debasement. Reacting to the sudden price movement, Matthew Sigel – the Head
US stocks closed higher on Wednesday as falling Treasury yields improved risk appetite, while a sharp rally in Moderna shares boosted the healthcare sector. The Dow Jones Industrial Average rose 0.22%, or 119.71 points, while the S&P 500 gained 0.22% and the Nasdaq Composite advanced 0.16%. The gains moderated during the session after the major
US stocks closed lower on Monday as investors assessed renewed uncertainty over US-Iran negotiations and higher oil prices. The Dow Jones Industrial Average fell 272.63 points, or 0.51%, to 53,459.78, while the S&P 500 and Nasdaq Composite also declined. Rising crude prices added to market pressure as the ceasefire between the US and Iran expired
N Chandrasekaran’s decision not to seek another term as chairman of Tata Sons has triggered one of the biggest leadership questions in Indian corporate history, opening the door to a succession battle at a time when the 158-year-old conglomerate is navigating some of its most ambitious and capital-intensive projects. Tata Sons, which is the holding