GOP lawmaker unveils bill to codify a strategic bitcoin reserve
Rep. Nick Begich unveils the American Reserve Modernization Act to establish a U.S. strategic bitcoin reserve within the Treasury Department with bipartisan support.
Market News
Bond yields are in the ‘danger zone.' Here's why that's not hurting the market — yet.
Do bond yields no longer matter for stock markets?
Wall Street is 'dancing by the door': Ted Oakley warns of AI debt trap and tapped-out consumer
As the 30-year U.S. Treasury yield tests levels unseen since the global financial crisis, a severe disconnect is forming between Wall Street's tech-driven euphoria and the deteriorating financial reality of the average American.
Crypto platform Blockchain moves ahead with confidential IPO filing
Blockchain.com has confidentially filed for an initial public offering in the United States, the cryptocurrency exchange said on Thursday, marking another potential public market debut from the digital asset sector. Confidential filings with the US securities regulator allow companies to prepare for initial public offerings away from public market scrutiny.
Dow, S&P 500 fall as oil prices rise and Nvidia fails to lift sentiment
US stock indices moved lower on Thursday as rising oil prices and higher Treasury yields renewed concerns about inflation and geopolitical tensions, while investors evaluated whether Nvidia delivered enough upside to justify its elevated valuation after another strong earnings report. The S&P 500 fell 0.48%, while the Nasdaq Composite declined 0.56%.
UBS raises global earnings forecast to 20% as equities hit fresh highs despite Middle East conflict
UBS has upgraded its earnings growth forecast for global equities from 12% to 20% for 2026, citing a robust earnings season and resilient economic fundamentals that have propelled markets to fresh all-time highs despite ongoing disruption from the US-Iran conflict. The Swiss bank's chief investment office maintained its "attractive" rating on the MSCI All Country World Index and set a December 2026 target of 1,410, rising to 1,470 by June 2027, up from 1,310 currently.
US Jobless Claims Fall, Housing Starts Drop in April
US initial jobless claims for the week ending May 16 fell by 3,000 to 209,000. US housing starts declined in April as construction of single-family homes dropped by the most in nearly a year.
5 Things to Know Before the Stock Market Opens
Stocks are pointing to a slightly lower open Thursday as investors assess earnings reports from Nvidia and Walmart and react to the latest headlines out of Iran; Nvidia shares are little-changed after the AI chipmaker reported strong first-quarter results last night; Walmart shares are losing ground after the retail giant issued a disappointing outlook; SpaceX's prospectus was made public last night ahead of its planned IPO in the coming weeks; and Intuit shares are tumbling despite a solid earnings report as the TurboTax maker also announced big layoff plans. Here's what you need to know today.
Philly Fed Survey Shows Regional Manufacturing Stalled
Growth in manufacturing activity in the Philadelphia Fed's region pulled back in May, although firms remained optimistic about the forward outlook
Major takeaways from Magnificent Seven's AI-fueled earnings
The latest quarterly earnings from Big Tech companies have given investors ample reason to stay invested in the AI trade, helping lift equities despite the unprecedented disruption in the oil markets that has clouded the economic growth outlook.
The new Fed chair's framework has been consistent for two decades. The question now is how much of it his colleagues will accept
The new Fed chair's framework has been consistent for two decades. The question now is how much of it his colleagues will accept.
Nvidia May Be The Last Hurrah
Nvidia (NVDA) exceeded Q1 estimates, raised its dividend, and expanded its buyback by $80B, but shares were flat after a strong monthly run. Market optimism hinges on potential Middle East peace, yet recent gains may prompt profit-taking as investors shift focus to macroeconomic risks.
U.S Jobless Claims Fell Last Week
U.S. jobless claims fell last week, another sign the labor market remains stable despite economic uncertainty from the war in Iran.
Debt-fueled bets turbocharge South Korean stock-market returns as Kospi jumps 8%
News that Samsung management had managed to negotiate successfully with labor unions prompted a steepling rally in SOuth Korean stocks, augmented by the bullish comments from Nvidia's CEO about the AI industry
Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Treading Water Early
US indices a little sluggish early in the beginning of the Thursday session.
Humanoid's New Deal: Bosch Will Build Its Robots With Schaeffler Parts
At 1X, maker of the NEO humanoid robot, vertical integration is religion: motors, batteries, copper coils, even the tendons in robot limbs. The UK's Humanoid, however, is taking exactly the opposite strategy: German industrial giant Schaeffler is going to supply components for Humanoid's robots, and Bosch is going to build them.
U.S. to Award Quantum-Computing Firms $2 Billion and Take Equity Stakes
The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.
Quantum stocks soar as Trump administration is reportedly buying in
Quantum-computing companies' stocks jump after a WSJ report that the Trump administration is taking minority stakes in nine companies.
Higher Interest Rates Could Trigger a Recession Is Jamie Dimon's Latest Warning
Dimon also discussed JPMorgan's artificial-intelligence strategy
Dow futures slip 167 points: 5 things to know before market opens
US stock index futures were down on Thursday as Nvidia's latest update failed to spur a broader rally, leaving investors focused on retail earnings and economic data due later in the day. Nvidia edged higher in premarket trading after unveiling an $80 billion buyback, but the move did little to shift sentiment across equity markets as traders weighed Middle East tensions, rising Treasury yields and questions over the durability of the artificial intelligence trade.
