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Bloomberg94d agoneutral
Musk Meme Traders Rush Back Into Tesla When the Stock Hits $420

(Bloomberg) -- Crossing $420 gets Tesla Inc. investors excited.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsAt least, that’s what data from Vanda Research show: The sum of five-day retail net buying picks up on aver

Hollywood director jailed for betting Netflix money on crypto
TheStreet94d agoneutral
Hollywood director jailed for betting Netflix money on crypto

A Hollywood director who took $11 million from Netflix for a science fiction series but quietly moved the money into crypto markets instead, has been sentenced to 30 months in federal prison. According to the court filing, Carl Erik Rinsch, best known for directing Keanu Reeves in the 2013 film "47 ...

Robinhood expands perpetual futures offering in Europe, plans crypto launch in UK
Reuters94d agoneutral
Robinhood expands perpetual futures offering in Europe, plans crypto launch in UK

Robinhood said on Wednesday it plans to launch crypto trading in the UK and broadened its ‌perpetual futures offering in Europe beyond cryptocurrencies. • Eligible European investors will now be able to trade perpetual futures tied to ​commodities, ETFs and foreign exchange markets, including gold, silver, crude oil and the euro-dollar pair, with leverage of up to 10 times and round-the-clock trading, the company said. • Perpetual futures, commonly known as "perps," ‌are futures contracts with ⁠no expiration date and have drawn significant attention in the U.S. after the CFTC in May permitted ⁠their trading on domestic exchanges.

Investing.com94d agoneutral
SpaceX teases AI device post-IPO; QCOM gains, Apple unfazed

Investing.com -- Fresh off its historic debut on the public markets, Elon Musk’s SpaceX is keeping the momentum going. The newly public aerospace and tech giant has reportedly showcased a prototype AI-interaction device to investors. The hardware, described as sleeker and thinner than an Apple iPhone, marks an ambitious consumer tech play for the company. SpaceX presented the prototype to key stakeholders and institutional investors in a series of private meetings, according to a report from the

Robinhood Continues Crypto Push
The Wall Street Journal94d agoneutral
Robinhood Continues Crypto Push

Robinhood Markets is continuing its push into the world of crypto, unveiling a flurry of new products and platform updates at a product event in London. In Europe, Robinhood will offer a broader variety of perpetual futures to traders, including those tied to currencies, commodities and major exchange-traded funds. Perpetual futures are a kind of derivative that trades at all hours and allows investors to pile on leverage.

Bloomberg94d agoneutral
Wall Street Worries Less Fed Talk Will Spur Market Volatility

(Bloomberg) -- It’s only been a few weeks since Kevin Warsh took the helm of the Federal Reserve, but analysts are already concerned that one of his key promises — a quieter central bank — will lead to more volatility in the market.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsDemocratic Socialist Ousts 15-Term House Incumbent in ColoradoUS Deci

SpaceX Showed Investors Prototype of Elon Musk’s New AI Device
The Wall Street Journal94d agoneutral
SpaceX Showed Investors Prototype of Elon Musk’s New AI Device

Elon Musk’s   SpaceX has developed a prototype for a handset-like device designed to reshape how humans interact with artificial intelligence that SpaceX has shown investors recently. The rocket and AI company showed the prototype, which features a sleek design that is slimmer than an iPhone, to some investors and other stakeholders ahead of the company’s mega initial public offering, according to people familiar with the matter. The prototype was designed to run on a proprietary operating system and integrate AI technology from SpaceX’s xAI, some of the people said.

Citi drastically slashes Bitcoin, Ether price targets
TheStreet94d agoneutral
Citi drastically slashes Bitcoin, Ether price targets

Citigroup slashed its 12-month price targets for Bitcoin (BTC) and Ethereum (ETH), Reuters reported on July 1. The brokerage firm said in a note that it was forced to lower the forecasts due to three factors: lower investor appetite, exchange-traded fund (ETF) outflows, and the lack of ...

JPMorgan shares crucial blocker to emerging tech regulation
TheStreet94d agoneutral
JPMorgan shares crucial blocker to emerging tech regulation

The Digital Asset Market Clarity Act aims to establish a regulatory framework for digital assets in the United States. It seeks to bring legal certainty to the crypto industry while setting clearer rules for companies operating in the sector. JPMorgan CEO Jamie Dimon criticized the bill in a Fox ...

NextEra’s $67 Billion Megamerger Proves Dominion Was the Real AI Infrastructure Prize All Along
24/7 Wall St.94d agoneutral
NextEra’s $67 Billion Megamerger Proves Dominion Was the Real AI Infrastructure Prize All Along

NextEra Energy (NYSE: NEE) and Dominion Energy (NYSE: D) reported Q1 2026 results, then confirmed a $66.8 billion all-stock deal making NextEra the buyer of Dominion’s Virginia franchise. The earnings explain the bid: Dominion’s grid sits under the world’s densest data center cluster, and NextEra needs that real estate. Virginia Volumes Carry Dominion. Florida Solar ... NextEra’s $67 Billion Megamerger Proves Dominion Was the Real AI Infrastructure Prize All Along

Bloomberg94d agoneutral
BlackRock’s Tseng to Exit as CEO of Troubled Private Credit Fund

(Bloomberg) -- The head of BlackRock Inc.’s beleaguered private credit fund is in the process of leaving the firm, a move that follows months of losses on soured loans and revelations of a US regulatory probe into the unit’s valuation practices.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsDemocratic Socialist Ousts 15-Term House Incumbent in Co

1 Masterclass in Pricing Power Makes Altria an Absolute Sanctuary for Retirees
24/7 Wall St.94d agoneutral
1 Masterclass in Pricing Power Makes Altria an Absolute Sanctuary for Retirees

Altria has become a magnet for income-focused capital this year, with the stock climbing 32.55% year-to-date as retirees hunt for inflation hedges while the Fed has cut its target rate to 3.75%. Altria (NYSE:MO) sells Marlboro, Copenhagen, Skoal, on! nicotine pouches and NJOY e-vapor, and its smokeable engine just posted a 65.1% operating margin. The ... 1 Masterclass in Pricing Power Makes Altria an Absolute Sanctuary for Retirees

5-star analyst resets AMD stock price target, but it's not about GPUs
TheStreet94d agoneutral
5-star analyst resets AMD stock price target, but it's not about GPUs

Advanced Micro Devices, Inc. (AMD) closed the month of June at $580.91, up 7.68% in the last session, and hit a new 52-week high of $584, giving the company a market cap approaching $950 billion. The stock is up 171.25% year-to-date and 309.38% over the past year, according to Yahoo Finance. What I ...

Tech Equity Raises Are Going Supersize
The Wall Street Journal94d agoneutral
Tech Equity Raises Are Going Supersize

Global equity fundraising topped $729.4 billion in the first half of 2026, boosted by SpaceX’s record IPO, marking the second-best start to the year on record, according to Mergermarket data. It's only the third time tech fundraising passed the $100 billion mark at the year midpoint—the other two were in 2000 and in 2021. Neither period augured well for the near-term performance of equity markets.