Europe’s major stock markets ended higher on Friday, with the pan-European STOXX 600 and Germany’s DAX reaching fresh record highs as investors welcomed easing expectations for near-term US interest rate hikes and rotated into cyclical sectors.The STOXX 600 climbed 0.7% to close at a record high after touching an intraday…
Europe’s major stock markets ended higher on Friday, with the STOXX 600 and Germany’s DAX hitting record highs as investors rotated into cyclical sectors.Bitcoin climbed above $62,000 as large holders accumulated coins despite record ETF outflows.Tesla expanded its robotaxi service to Miami as competition in autonomous driving intensified.Poland’s prime minister…
Wall Street will enter the July 6-10 week with less room for error after a choppy start to the second half.The S&P 500 is still sitting near record territory, but the market is carrying a tricky mix of stretched valuations, a cooling labour market, fragile oil prices and fresh pressure…
US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally.Investors pulled $17.2 billion from US stock funds in the week through July 1, according to Bloomberg, citing Bank of America strategists led by Michael Hartnett and EPFR Global data.The move…
A Goldman Sachs economist expects artificial intelligence to displace more than 15 million US workers over the next decade, but argues that the resulting job losses are likely to be temporary as new occupations emerge and the economy adapts to technological change.In a recent research report titled “An AI Job…
Strategy (MSTR) shares (previously known as Microstrategy) climbed 7% on Thursday, extending gains that began earlier this week. The gains came after the company unveiled a new financial framework centered on stock buybacks, strategic Bitcoin sales, and active capital management.The software company, which has transformed into one of the largest…
Investors sought to withdraw less money from two of Blue Owl Capital’s flagship private-credit funds in the second quarter, providing early signs that redemption pressures across the sector may be beginning to moderate after months of elevated withdrawals.The New York-based alternative asset manager said investors requested withdrawals totaling $4.7 billion…
SanDisk Corporation (SNDK) shares plunged 14% in afternoon trading on Thursday, hitting a session low of $1707.58 as investors rotated out of artificial intelligence chip and memory hardware stocks and shifted capital into AI software companies.The decline followed an extraordinary first half of 2026, during which SanDisk shares surged roughly…
Moderna Inc. (MRNA) shares rose 9.2% on Thursday, making the biotechnology company one of the top performers in the S&P 500. Investors responded positively to new pipeline updates, encouraging influenza vaccine data, and favorable analyst commentary.The stock extended its recent rally after climbing to a new annual high on Wednesday.…
The Dow Jones Industrial Average climbed to a record high on Thursday after a weaker-than-expected US jobs report reduced expectations of near-term Federal Reserve interest rate hikes, while technology stocks and semiconductor shares extended their recent decline.The 30-stock Dow rose 560 points, or 1.10%, to close at 52,865.24 after touching…