Stocks News

Closely followed investor Cathie Wood bought more than $500 million U.S. of SpaceX (NASDAQ: $SPCX) stock on the day of the company’s initial public offering (IPO). Through her asset management firm ARK Invest, Wood bought 3.3 million shares of SpaceX on June 12, the day of its market debut, building a stake worth more than…

Cryptocurrency treasury firm Strategy (NASDAQ: $MSTR) acquired $100 million U.S. of Bitcoin (CRYPTO: $BTC) over the past week before the price surged on June 15.  Strategy bought 1,587 BTC at an average price of $63,024 U.S. in the past week. The company’s total holdings now stand at 846,842 Bitcoin worth $56 billion U.S. The latest…

According to rates from the Zillow lender marketplace, the current 30-year fixed-rate purchase loan fell by 1 basis point today to 6.35%, just 1 basis point higher than the current 30-year refi rate. The 15-year fixed-rate purchase fell by 7 basis points today to 5.78%, 5 basis points lower than the average 15-year refinance rate. Finally,…

On Friday, SpaceX (SPCX) stock closed at $160.95 per share, rising more than 19% from its IPO price of $135 and valuing the company at $2.1 trillion, according to Yahoo Finance data. That makes Musk’s rocket, satellite, and AI company his most valuable, even more than Tesla (TSLA), which also rose Friday and has a…

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. It’s Warsh’s world; we just live in it. The Federal Open Market Committee (FOMC) meets for the first time this week under new Federal Reserve chair Kevin Warsh. With the labor market looking solid but…

Woodside Energy has moved to quell market speculation, stating it is not aware of any proposal from Exxon Mobil and is not engaged in discussions regarding a potential transaction with the U.S. supermajor. The brief statement was issued in response to media reports that Exxon Mobil has been internally assessing potential acquisition targets, including Woodside,…

June 15 (Reuters) – Stocks and bonds rallied and the dollar fell in Asia trade on Monday after the U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift a U.S. blockade on Iran. U.S. crude futures fell more than 4%, S&P 500 futures rose about 0.8% and the dollar…

NEW YORK (AP) — Stock markets rallied worldwide Monday, and oil prices eased after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again. The S&P 500 rose 1.7% on hopes that this time, the announcement of…

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Clients often ask about a particular stock or what the next hot stock sector will be. (My response is always a rendition of: “I don’t know the future and neither do you.”) Luckily, arithmetic is…

After nearly 20 years in business and less than five years as a public company, Rocket Lab Corporation reached a major milestone on Friday when it joined the Nasdaq-100 Index. The entrance placed the space company among the 100 largest non-financial businesses on the Nasdaq Stock Market. Most companies would celebrate that kind of recognition….