Doomed West Marine will close 59 stores in 23 states — including 5 in California
Company executives insisted that the chain is not going out of business completely.
Market News
Oil tumbles on US-Iran deal framework: How one trader is playing the move
Airline stocks are rallying Monday and the U.S. Global Jets ETF (JETS) is on the verge of a new high for the year.
The chip-stock rally is back in full force — thanks to two big geopolitical developments
Iran peace prospects are spurring gains for riskier stocks, and Anthropic's battle with the U.S. government could prompt a broadening of the AI buildout.
The Bond Market Is Lukewarm on the Iran Deal. What It's Seeing That Stocks Aren't.
Bond markets might need some time to adjust to the new U.S.-Iran reality.
Bull Market Resets Look Like This
A bull market reset is a pause or a correction that offers enough rest to fuel a new leg up in the bull market. The reset can span days, weeks, or even months.
Dow Jones: Industrial Average Hits Record as Fed Outlook Improves
Dow Jones hit a record high as an Iran deal sent oil prices lower. See how falling crude boosted US stocks and tech shares.
The Market Is Experiencing A 'Jumping The Shark' Moment
Equities are trading at extreme valuations, fueled by the AI boom and massive tech spending, echoing past market bubbles. Space Exploration Technologies debuted as the largest U.S. IPO ever Friday, reaching a $2.1T market cap despite $5B in 2025 losses and a 113x sales multiple.
Trump is giving Warsh room to reshape the Fed
Kevin Warsh will chair his first meeting of the Fed's rate-setting committee this week, with a press conference set for Wednesday. That meeting is widely expected to produce no change in interest rates, despite President Donald Trump's demands that the Fed keep cutting.
Yields Resilient Despite U.S.-Iran Peace Hopes & What it Means for Fed
Resiliency in treasury yields against hopes U.S.-Iran peace talks will manifest is something @CharlesSchwab's Collin Martin attributes to much more than crude oil prices. He makes the case that yields will stay in the upper end of a new trading range due to other geopolitical factors.
Apollo Global's Torsten Slok on Fed Chair Kevin Warsh's approach to interest rates
Torsten Slok, chief economist at Apollo Global Management, joins ‘Squawk on the Street' to discuss the latest market trends, his expectations for the Fed, and more.
20 growth stocks priced as value stocks
A broad screen of U.S. stocks yields a list of companies trading at low valuations to expected earnings, with high projected revenue growth rates through 2028. The list of 20 stocks includes eight financial services companies, five healthcare names and four in the information technology sector.
America Crossed The Rubicon: Banning Anthropic's Mythos Marks The Weaponization Of AI
Anthropic's export ban on its advanced Mythos AI model signals a pivotal US move to weaponize AI and maintain technological dominance. America's AI leadership, built on semiconductor export controls, now extends to restricting access to frontier models, potentially cementing a long-term premium for U.S. equities.
We have yet to see demand destruction in the U.S. economy, says Mohamed El-Erian
Mohamed El-Erian, The Wharton School Rene Kern professor and Allianz chief economic advisor, joins 'Squawk Box' to discuss the latest market trends, state of the economy, impact of U.S.-Iran peace framework, SpaceX IPO, the Fed's two-day policy meeting, and more.
Fed Decision Likely to Have No Dissenters, JPM's Berro Says
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, examines the bond market reaction to the announcement of an agreement between the US and Iran and looks ahead to this week's Federal Reserve interest rate decision. -------- More on Bloomberg Television and Markets Like this video?
Week ahead: Wall Street braces for Warsh's Fed debut in holiday-shortened week
Wall Street heads into a holiday-shortened week facing a pivotal test as investors weigh a new era at the Federal Reserve, fresh readings on consumer spending and inflation, and geopolitical developments that could shape energy markets and risk appetite. US markets will be closed Friday in observance of the Juneteenth holiday, compressing a week packed with market-moving events into four trading days.
Kevin Warsh, The Fed's New Era, And The Trimmed Mean Debate
Kevin Warsh's appointment as Fed Chair signals a potential ideological and methodological shift in monetary policy and inflation measurement. Markets have abandoned expectations for rate cuts, now pricing in hikes, with the Fed expected to hold rates at 3.5–3.75%.
This Key Economic Indicator Just Missed Expectations by a Mile. Should Investors Be Worried?
he Empire Manufacturing Index collapsed from 19.6 to 5.7 in June, missing economist forecasts of 30.1 by over 24 points in a single month. Multiple survey components weakened simultaneously, signaling broad-based manufacturing softness that could ripple through transportation, logistics, and capital spending.
U.S. Industrial Production Edged Up in May
Production rose by 0.1% last month, after rising 0.9% in April. Analysts polled by The Wall Street Journal expected a 0.3% increase.
Intraday Outlook On Nasdaq 100, Dow Jones, AUD/USD And Gold
A surprise US-Iran interim agreement has triggered a powerful risk-on rally, with Nasdaq 100 futures surging 3% and S&P 500 futures gaining 2% as traders aggressively unwind geopolitical risk premiums tied to the Strait of Hormuz disruption. Nasdaq 100, Dow Jones, AUD/USD, and Gold have all posted bullish gap-ups, but their advances remain vulnerable to reversal if key support levels fail, particularly given the absence of a signed agreement and published deal details.
S&P 500 Sees Modest Rise As Biggest IPO Ever Launches
The S&P 500 rose a little over 0.6% over where it ended the previous week to close out the trading week ending on Friday, 12 June 2026, at 7,431.46. The lackluster result occurred despite the biggest ever Initial Public Offering in U.S. stock market history: the $2 trillion launch of SpaceX.
