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Trump administration moves to count crypto as a federal mortgage asset
The directive to include digital currencies in mortgage evaluations could influence lending practices by impacting how loan risks are measured and potentially altering asset valuat...
Read Full Article →Bitcoin rises, NYSE battles for Trump ETF, and crypto may be coming to mortgage next
Bitcoin’s recent price increase coincides with ongoing discussions about a new ETF on the NYSE and potential integration of cryptocurrency options within the mortgage industry.
Read Full Article →Airport lounges, Europe and premium class are on the table, Southwest CEO says
Southwest Airlines is considering expanding its offerings to include airport lounges, international routes to Europe, and enhanced premium seating options as part of its strategy t...
Read Full Article →6 stocks to trim after their big runs — plus updates on the rest of our portfolio
Jim Cramer reviewed the Club’s 30 holdings during the June Monthly Meeting, highlighting several stocks that may be prudent to reduce positions in following substantial recent gain...
Read Full Article →U.S. crude oil rises after steep selloff following Israel-Iran ceasefire
The recent easing of tensions in the Middle East contributed to a rebound in crude oil prices, reflecting market sensitivity to geopolitical developments that influence global ener...
Read Full Article →Retailers are rushing returns back to resale market as Trump tariff costs hit item economics
In response to increased costs from tariffs, retailers are accelerating the handling of returned merchandise to recover value quickly by reintroducing items into secondary sales ch...
Read Full Article →Trump threatens tough trade deal for Spain after it refuses to meet NATO defense spending target
The potential adjustments in the trade agreement with Spain could impact economic relations, as increased costs are being considered due to Spain not meeting NATO’s defense expendi...
Read Full Article →BP shares rise on takeover speculation; Shell denies
The possibility of a major acquisition has influenced BP’s stock performance, although industry sources indicate that a complete purchase by Shell is improbable at this time.
Read Full Article →Divided Fed proposes rule to ease capital requirements for big Wall Street banks
The Federal Reserve introduced a proposal aiming to relax a crucial capital regulation, which many financial institutions believe has constrained their operational capacity and gro...
Read Full Article →Nvidia CEO says robotics is chipmaker's biggest opportunity after AI
Nvidia’s leadership highlighted that expanding into robotics presents a major avenue for revenue growth and market expansion beyond their current focus on artificial intelligence t...
Read Full Article →Nvidia shares hit record as Wall Street shrugs off China concerns
Nvidia’s stock reached unprecedented levels as market participants remained optimistic about the company’s growth potential despite ongoing geopolitical challenges and trade limita...
Read Full Article →Why BlackRock's Rick Rieder is confident in equities in the second half as S&P 500 nears high
BlackRock’s Rick Rieder believes that with inflation easing and advancements in artificial intelligence, the stock market still has potential for growth despite approaching record...
Read Full Article →Sales of new homes tanked in May, pushing supply up to a 3-year high
The decline in new home purchases during May led to increased inventory levels, reflecting the impact of elevated prices, rising mortgage costs, and cautious buyer sentiment on the...
Read Full Article →Primary win by pro-rent freeze Mamdani knocks shares of Flagstar bank on NYC market exposure
The election of a candidate supporting rent control raises concerns about possible declines in Flagstar's loan portfolio related to multi-family properties, potentially affecting t...
Read Full Article →Drone maker AeroVironment shares pop 24% on earnings beat
AeroVironment’s shares surged significantly after the company reported stronger-than-expected revenue and profit for the fourth quarter, indicating improved financial performance a...
Read Full Article →Bumble jumps 26% as dating company plans to axe 30% of workforce
The company’s shares rose sharply following plans to reduce its employee base by nearly one-third, reflecting investor optimism about cost-cutting measures and future profitability...
Read Full Article →Blockchain-driven platform to mimic stock trading, allowing users to buy shares of SpaceX, other hot...
Republic, a New York startup, intends to enable investors to gain financial exposure to private companies like SpaceX through digital tokens that simulate traditional equity tradin...
Read Full Article →Mortgage rates and demand are stuck in a holding pattern
Ongoing economic instability and global tensions have resulted in limited fluctuations in bond markets, causing mortgage rates and housing demand to remain relatively unchanged in...
Read Full Article →Women's Tennis Association extends media rights deal with Tennis Channel through 2032
The renewal of the U.S. broadcasting agreement between the Women's Tennis Association and the Tennis Channel involves a substantial financial commitment, highlighting increased inv...
Read Full Article →Tesla's European car sales nosedive for fifth month as customers switch to Chinese EVs
Tesla's declining vehicle sales in Europe reflect increased competition from Chinese electric car manufacturers, contributing to challenges in maintaining market share amid shiftin...
Read Full Article →ESPN renews media deal with professional lacrosse, takes an equity stake in the league
ESPN’s renewed partnership with the Premier Lacrosse League, including acquiring partial ownership, enhances the network’s investment and potential revenue streams within the profe...
Read Full Article →China's Li urges not to turn trade into a political or security issue
Chinese Premier Li Qiang emphasized the importance of maintaining stable economic relationships to ensure uninterrupted global commerce, highlighting potential risks to markets if...
Read Full Article →Strait of Hormuz GPS jamming remains major security issue, tanker CEO says
Disruptions to navigation systems in a key shipping route continue to pose significant risks for maritime trade, potentially affecting insurance costs and operational expenses for...
Read Full Article →Jim Cramer says AI stocks are climbing as DeepSeek threat recedes on Wall Street
Investor confidence in artificial intelligence companies has increased as concerns about competition from new entrants like DeepSeek have diminished, potentially impacting market v...
Read Full Article →CEO says AeroVironment has 'many pieces of the puzzle' for 'Golden Dome' defense system
AeroVironment’s expertise and technology position the company to potentially contribute to a significant defense contract that could enhance its revenue and market presence in miss...
Read Full Article →FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
FedEx reported stronger-than-expected profits and plans to reduce expenses by an additional $1 billion in the coming year, following the completion of its previous $4 billion cost...
Read Full Article →Bitcoin price rises as Israel-Iran ceasefire begins, and Senate unveils major crypto bill
Following the commencement of a ceasefire between Israel and Iran and the introduction of significant cryptocurrency legislation by the Senate, bitcoin's market value increased alo...
Read Full Article →Sam Altman calls Iyo lawsuit 'silly' after OpenAI scrubs Jony Ive deal from website
The lawsuit filed by Iyo could have financial implications for OpenAI by potentially affecting branding agreements and causing costs related to legal defense and settlement negotia...
Read Full Article →Trump to Congress: 'NO ONE GOES ON VACATION' until spending bill passes
The delay in passing the spending bill continues to impact government funding decisions, highlighting challenges in reaching an agreement before the Republicans' July 4 deadline.
Read Full Article →Carnival shares pop on earnings beat and raised full-year outlook
Carnival’s stock increased following better-than-anticipated quarterly earnings and an improved forecast for the remainder of the fiscal year, reflecting positive investor response...
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