Market news
Crypto, stocks, forex and macro, aggregated for traders.
United Airlines CEO Sees Full Consolidation Unlikely, Eyes Slot Acquisitions
United Airlines CEO Scott Kirby said full industry consolidation is improbable, though the carrier may buy slots or gates. He noted strong demand but expected elasticity effects, and that pricing is nearly offsetting higher fuel costs.
Huawei Plans Annual AI Chip Releases with Doubling Performance
Huawei intends to shift to an annual release cycle for its Ascend AI chips, with each new generation aiming to roughly double performance. The move comes amid US restrictions and growing rivalry with NVIDIA.
Weight-Loss Drug Boom Creates New Headache for Apparel Retailers
U.S. apparel companies face rising product returns as consumers on GLP-1 weight-loss medications experience rapid changes in body size, disrupting clothing fit.
Nasdaq 100 Posts 7 Red Hourly Candles in Straight-Line Drop
All seven hourly candlesticks on today's Nasdaq 100 chart closed red, marking a straight-line decline for tech stocks and the largest drop since 'Liberation Day.'
NASDAQ 100 Set for Worst Day Since Trump Tariffs
The NASDAQ 100 index is on track for its steepest daily decline since the April 2025 tariff announcement by US President Donald Trump, erasing a strong two-month rally.
Meta shares fall 7% after FT reports possible stock offering
Meta stock extended losses to 7% on the day after the Financial Times reported the company is considering a stock offering to raise capital, erasing $115 billion in market cap.
MicroStrategy Unrealized Bitcoin Loss Hits Record $12.7 Billion
MicroStrategy's unrealized loss on its Bitcoin holdings has reached a record $12.7 billion, with the total position down $28 billion over the past 12 months.
Dell Technologies Eyed to Rally Toward $700
A market note suggests Dell Technologies (NYSE: DELL) stock could advance towards the $700.00 level.
BNY Warns of Rotation Risks as US Equity Rebalancing Nears
BNY’s Bob Savage notes that retail and institutional investors bought the April weakness in US equities, but momentum has faded and exposure to energy and technology is building risk ahead of June rebalancing.
US Equity Markets Set to End Week Higher Amid Rotation
US equity markets are poised to finish the week in positive territory, with a rotation from growth to value stocks observed in recent sessions.
US Equity Markets Set to Finish Week Higher with Rotation
US equity markets are on track to end the week higher again, with a rotation from new sectors observed in the second half.
Foxconn May Revenue Surges 39.57% YoY, Q2 Tracking Well Above Expectations
Foxconn reported May revenue up 39.57% year-on-year and said Q2 performance is tracking well above previously anticipated significant growth, driven by continued AI rack demand.
S&P 500 Extends Impulsive Advance to New Highs
The S&P 500 continues its impulsive advance into new all-time highs, with wave 1 ending at 7147.78 after starting from the March 2026 low. A corrective wave 2 dip has concluded.
NIB Holdings Sells Australia, New Zealand Travel Insurance to Allianz Partners for Up to A$50M
NIB Holdings has agreed to sell its travel insurance businesses in Australia and New Zealand to Allianz Partners for up to A$50 million, with a strategic distribution partnership and expected closing by end of 2026 pending regulatory approvals.
Perpetual to Acquire 70% of Interfi Systems
Perpetual will purchase a 70% stake in Interfi Systems, with an option to buy the remaining 30% by FY31. The deal is expected to close before the end of June, funded from internal cash.
Lululemon Q2 Guidance Hit by Clearance Sales, Middle East Disruption
Lululemon's Q2 guidance reflects higher clearance levels and Middle East franchise disruption, though China sales rose mid-to-high teens. The company cited missed expectations on product launches and a yoga campaign, with negative commentary impacting results.
Broad Market Rallies Despite Stumble by Key Leader
Wall Street stocks advanced broadly on Thursday even as a major market leader declined, surprising investors.
Dow Jones Industrial Average Hits Record Above 51,000 as Investors Rotate Out of Chip Stocks
The Dow Jones Industrial Average surged 1.7% to close above 51,000, reaching a new all-time high, amid a rotation out of semiconductor stocks.
Rostelecom Forecasts Double-Digit Net Profit Growth Through 2030
Rostelecom's deputy president and CFO Anna Tregubenkova told Interfax that the company expects annual double-digit net profit growth under its new strategy through 2030.
Tech Stocks and Oil Drop as Broadcom Results Weigh on Nasdaq
Tech stocks and oil prices declined after Broadcom's disappointing results pushed the Nasdaq into negative territory for a second consecutive day.
Evtushenkov Reveals Sber Negotiations for Ozon Stake; No Deal Reached
Vladimir Evtushenkov disclosed that AFK Sistema held talks with Sberbank about selling a stake in Ozon, but no agreement was reached. Sber CEO Gref reiterated the bank does not plan to invest in marketplaces.
Hamamatsu Photonics, NKT, Yaqumo Partner on Cold-Atom Quantum Photonics
Hamamatsu Photonics, its subsidiary NKT Photonics, and startup Yaqumo signed a memorandum of understanding to jointly develop and commercialize photonic systems for cold-atom quantum computers.
Sber Unveils First Banking MCP for Corporate Clients at PMEF
Sber presented its first banking Model Context Protocol (MCP) for corporate clients at the St. Petersburg International Economic Forum, enabling AI agents to perform operations in SberBusiness.
VTB Says AI-Powered Tool Boosts Client Investment by 25%
VTB's brokerage unit reports that clients using its AI 'Intellect' service invest an additional 25,000 rubles for every 100,000 rubles allocated to the tool, according to an interview at SPIEF.