When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart. The peace deal between the United States and Iran was a done deal in the eyes of oil traders, and the race for market share was on….
By Michael S. Derby NEW YORK, July 9 (Reuters) – New York Federal Reserve President John Williams said on Thursday he did not expect a sustained rise in energy prices for the rest of the year despite the resumption of hostilities in the Middle East, and declined to say what decision he would make on…
Last week, Trump said he expected Elon Musk to donate SpaceX stock to Trump Accounts, the tax-advantaged investment accounts created under last year’s tax law. But days later, while another top SpaceX executive (1) has pledged hundreds of millions of dollars in stock, Musk himself has yet to publicly confirm any plans to contribute. During…
After more than half a decade of soaring real estate prices, the pendulum is swinging back in favor of U.S. home buyers, new data shows. According to (1)Realtor.com (1), American home prices are posting their sharpest annual decline since 2017 — the eighth consecutive price decline. Overall, home prices have slid 2.5% from June 2025…
Quick Read SPY has gained 9% year to date and 20% over the past year before $7 trillion in sidelined cash begins rotating into equities. Corporate profits surged 13% year over year to a record $4.4 trillion in Q1 2026 as Fed rate cuts push cash yields steadily lower. Don’t wait: the analyst who called…
By Chuck Mikolajczak NEW YORK, July 9 (Reuters) – The dollar dipped for a second straight session on Thursday as the U.S. and Iran carried out renewed attacks, while a stable reading on the labor market kept the focus on potential inflation pressures. Iranian armed forces launched attacks on U.S. military infrastructure in neighbouring Gulf…
By Hyunjoo Jin, Pritam Biswas and Kane Wu SEOUL, July 9 (Reuters) – South Korea’s SK Hynix priced its American Depositary Receipts at $149 on Thursday raising about $26.5 billion, a U.S. regulatory filing showed, highlighting strong investor appetite for a pivotal chipmaker in the AI supply chain. The share sale comes as the company…
In September, Google walked away from a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down. It wasn’t an isolated incident. Communities across the United States have now blocked or delayed more than $130 billion in AI data centers in the first…
US stocks rose slightly on Thursday as investors focused on AI prospects ahead of SK Hynix’s US trading debut, setting aside jitters over a flare-up in US-Iran hostilities. The tech-heavy Nasdaq Composite (^IXIC) ticked up by 0.2%. Meanwhile, the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both put on 0.1% after Wall Street…
Leading prediction market Polymarket is launching a marketing campaign in the U.S. as it re-enters America after a four-year ban. Polymarket began its return to the U.S. with the acquisition of QCEX a year ago and the introduction of a mobile trading app last December. Now, the privately held prediction market has started a campaign…
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