US stocks opened higher on Monday as easing concerns over tensions in the Middle East pushed oil prices sharply lower, while investors prepared for a busy week of corporate earnings and key economic data. The Dow Jones Industrial Average rose 640 points, or about 1.22%, while the S&P 500 gained 0.59%. The Nasdaq Composite edged
GameStop GME shares fell 10% on Monday after the video game retailer announced plans to exchange $1.4 billion worth of convertible debt for equity, a move that will substantially reduce its long-term debt but dilute existing shareholders. The company said certain noteholders would swap about $400 million of notes due in 2030 and $1 billion
SpaceX stock (SPCX) edged higher on Monday, in line with a broader market rally as investors looked ahead to the company’s first quarterly earnings report as a publicly traded company. The stock jumped about 1% in early trading. The broader market advanced after President Donald Trump called off planned strikes against Iran, easing geopolitical tensions
Wix (NASDAQ: WIX) stock has come under intense pressure this year as investors grew concerned that the rise of AI-powered “vibe coding” could disrupt its website-building business. After peaking at $246 in January last year, the stock has tumbled 77% to around $55. Against this backdrop, the company will need to reassure investors that its
Palantir stock price remained under pressure this week as traders waited for the second-quarter earnings. PLTR was trading at $122.26, down by over 40% from its highest point this year, erasing some of the gains it made last year. This retreat will be put to the test as it publishes its financial results. Palantir Technologies
When FIFA on Tuesday announced plans to create a $20 billion subsidiary to manage the commercial rights of the World Cup and other major tournaments, the proposal immediately became one of the most controversial ideas in modern football governance. What initially appeared to be a financial restructuring has quickly evolved into a debate over who
Brent and WTI crude oil prices slipped sharply on Hyperliquid after President Donald Trump halted the planned attacks against Iran, citing requests from Iran and other Middle East countries. WTI dropped to $81, with its 24-hour volume hitting $181 million. Brent, the global benchmark, dropped to $83, down sharply from last month’s high of $100.
The USD/JPY exchange rate tumbled to its lowest level since May 14 as investors reacted to last week’s Federal Reserve and Bank of Japan (BoJ) interest rate decisions and the latest interventions by the US and Japanese authorities. It plunged to 157.45, down by over 4% from the year-to-date high. Japanese yen surges on US
Jim Cramer’s favourite dip-buying rule starts with a margin decline, but it does not end there. Investors must decide whether profits are temporarily compressed by investment or permanently damaged by weak demand and competition. Meta Platforms, Alphabet and SoFi are the clearest tests after their shares were punished by spending increases or cautious guidance. Intel
Palantir stock price remained under pressure this week as traders waited for the second-quarter earnings. PLTR was trading at $122.26, down by over 40% from its highest point this year, erasing some of the gains it made last year. This retreat will be put to the test as it publishes its financial results. Palantir Technologies