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Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
Associated Press76d agoneutral
Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds

Retail sales rose 0.2% in June, after being up a revised 1% in May, according to the Commerce Department's report released on Thursday. Business at clothing and accessories stores slipped 0.3%, while online sales rose 1.9%, fueled by spending surrounding Amazon's Prime Day event, which was held from June 23 through June 26. The data offers only a snapshot of consumer spending and doesn’t include activities like travel and hotel stays.

Bloomberg76d agoneutral
Hedge Fund Carronade, Nearing $4 Billion, Closing to New Clients

(Bloomberg) -- Hedge fund Carronade Capital Management will close to new investors at year-end after reaching $3.7 billion in assets under management.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthOnePlus, Once Popular with Tech Fans, to Pull Out of US and

Bloomberg76d agoneutral
Kalshi Will Offer Sports-Style Betting on Drug Trial Results

(Bloomberg) -- Kalshi Inc. is expanding in biotechnology by offering wagers on the outcomes of clinical trials and regulatory decisions, giving traders a more direct way to bet on key industry catalysts.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthOnePlus

Bloomberg76d agoneutral
CXMT’s Blockbuster IPO 212 Times Covered for Retail Investors

(Bloomberg) -- The marquee listing of CXMT Corp. ignited a rush among retail investors as China’s homegrown memory giant opened books for an initial public offering to raise $9.8 billion, the second-largest in the nation’s history. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveBeckham’s IM8 Gets $1 Billion From Gener

Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets
Reuters76d agoneutral
Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets

Snowflake on Thursday unveiled a compensation package worth up to roughly $448 million for CEO ‌Sridhar Ramaswamy, hinging on the cloud-based data analytics ‌platform's market value almost doubling to $184 billion in seven years. Ramaswamy's award, ​totaling 1 million shares, is structured into five tranches, each with escalating stock price milestones, and is designed to retain him as CEO until September 15, 2030. Snowflake has been benefiting ‌from clients shifting ⁠their workloads to its cloud platform as they invest to develop AI tools.

BlackRock CEO calls Bitcoin stronger after leverage reset
TheStreet76d agoneutral
BlackRock CEO calls Bitcoin stronger after leverage reset

BlackRock CEO Larry Fink believes the Bitcoin (BTC) and crypto market is in a strong position following the unwinding of excessive leverage. The CEO of the world’s largest asset manager also expressed optimism about traditional financial markets, expecting technological transformation to provide ...

The Surprising Tech Rotation Boosting Stocks This Earnings Season
Barrons.com76d agoneutral
The Surprising Tech Rotation Boosting Stocks This Earnings Season

U.S. stocks remain deep in the throes of a major rotation heading into the teeth of the second-quarter earnings season, and the traditional August lull that follows, as investors take money from highflying tech sector and spread that cash across a host of old-economy bets. What’s happening alongside that “great rotation,” however, is also interesting, and likely keeping stocks afloat amid the broader tech declines.

Investing.com76d agoneutral
Why Psychedelic stocks are surging today

Investing.com -- Shares of psychedelic drug developers are surging premarket on Thursday after Eli Lilly announced a definitive agreement to acquire AtaiBeckley Inc., validating the sector and lifting sentiment across the space.

Morning Bid: Damp Squib
Reuters76d agoneutral
Morning Bid: Damp Squib

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Another day, another test for chip stocks.

Bloomberg76d agoneutral
Retail Traders’ Rise Upends the Established Stock Market Order

(Bloomberg) -- Retail traders have moved from the stock market’s margins to its center.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthOnePlus, Once Popular with Tech Fans, to Pull Out of US and EuropeMarket data shows that their growing influence has reache