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Bitcoin, Ethereum, XRP, Dogecoin Slide Further Amid Fed's Hawkish Shift: Analyst Paints This Upside Target For BTC If It Holds $64,000 As Support
Benzinga67d agoneutral
Bitcoin, Ethereum, XRP, Dogecoin Slide Further Amid Fed's Hawkish Shift: Analyst Paints This Upside Target For BTC If It Holds $64,000 As Support

Leading cryptocurrencies fell, while stocks rebounded on Thursday as investors parsed the hawkish pivot in the Federal Reserve’s policy. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:25 p.m. EDT)Bitcoin (CRYPTO: BTC)-2.49%$63,012.93Ethereum (CRYPTO: ETH) -2.49%$1,713.17XRP (CRYPTO: XRP) -3.39%$1.14Solana (CRYPTO: SOL) -3.49%$69.83Dogecoin (CRYPTO: DOGE) -2.88%$0.08369 Crypto Market Dips Further Bitcoin fell to the early $62,000s, while Ethereum tumbled to an intraday low of $1,670, extendi

Is Costco open on Juneteenth?
TheStreet67d agoneutral
Is Costco open on Juneteenth?

Costco has built its reputation by offering low prices on everything from groceries and household essentials to electronics and furniture. Part of what makes the warehouse giant so popular is its reliability. Members know they can typically count on Costco being open when they need to ...

Bloomberg67d agoneutral
Goldman Says UK’s Sterling Now the Most Overvalued G10 Currency

(Bloomberg) -- The pound is set to face growing pressure as its recovery from the post-Brexit selloff has made it the most overvalued currency among major peers, according to Goldman Sachs Group Inc.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealNYC Greek Eatery Kiki’s Seized for Failure to Pay $1 Million TaxUS Ends Hormuz Blockade, Downplays T

Why Apple’s War Chest Can’t Win the Memory War
The Wall Street Journal67d agoneutral
Why Apple’s War Chest Can’t Win the Memory War

Apple can afford the memory chips that it needs. After months of speculation about what the consumer-electronics giant might do in the face of soaring costs for memory chips, Apple now says it will be raising prices on its products. Chief Executive Tim Cook told The Wall Street Journal that the company has been trying to mitigate the “huge increases” in memory costs without passing them on to its customers, but “the situation has become unsustainable.”

Associated Press67d agoneutral
Court orders Ohio restrictions on kids’ use of social media restored

Ohio's law requiring children under 16 to get parental consent to use social media apps must be restored, a divided panel of the Sixth Circuit Court of Appeals ruled Thursday. The decision comes as a blow to NetChoice, which had won court victories against similar laws in other states, including California and Arkansas. The trade group representing TikTok, Snapchat, Meta and other major tech companies brought suit against Ohio's law in 2024, arguing that it was overly broad, vague and represented an unconstitutional impediment to free speech.

Wall Street ends higher on boost from chips, Iran optimism
Reuters Videos67d agoneutralVIDEO
Wall Street ends higher on boost from chips, Iran optimism

<body><p>STORY: Wall Street's main indexes closed higher on Thursday, with the Dow ticking up more than a tenth of a percent, the S&P 500 adding more than 1% and the Nasdaq gaining nearly 2%.</p><p>The session began with oil prices sliding to their lowest levels since early March after the U.S. and Iran signed an interim agreement that extends the April ceasefire by another 60 days.</p><p>But Alexander Morris, CEO and chief investment officer at F/m Investments, warns that lower oil prices won't immediately ease other inflationary pressures.</p><p>"Certainly energy prices are set to come down and meaningfully so in the short run. But energy prices have been elevated for a while, and that influences way more than just the cost at the pump. That's the cost of fertilizer for the Northern Hemisphere. All of the plants that needed to be planted and immediately fertilized, they've been in the ground for weeks. So that is now baked into the price of our future soft commodities, grains, corn, soybeans, et cetera. So we're going to see this reverberate."</p><p>Investors on Thursday were still assessing Kevin Warsh's first press conference as Federal Reserve Chair a day earlier, in which he stressed the central bank would keep its focus on price stability but provide less guidance on the path of interest rates.</p><p>:: Archive</p><p>:: Intel</p><p>Among individual stock moves, semiconductor companies outperformed the rest of the market, with Intel's shares jumping more than 10.5% to a record high. President Donald Trump said Apple had agreed to work with Intel to design and manufacture its chips in the U.S.&nbsp;</p><p>Shares of Elon Musk's SpaceX shed 3.5%, falling for a second straight day. The stock had rallied sharply earlier in the week following last Friday's blockbuster market debut.</p><p>And shares of Kroger tumbled almost 8.5% after the grocer reported a lower-than-expected quarterly profit and kept its annual forecasts unchanged.</p><p>The U.S. stock and bond markets will be closed on Friday for the Juneteenth holiday.</p></body>

Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push
Reuters67d agoneutral
Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push

Intel on Thursday named Seok-Hee Lee executive vice president of its contract chip-manufacturing division ‌as it sharpens focus on its advanced packaging business. The ‌American chipmaker has been trying to reinvigorate its manufacturing business under CEO ​Lip-Bu Tan, after missing out on the AI boom. The appointment follows President Donald Trump's announcement earlier in the day that Apple had agreed to work with Intel to design and manufacture ‌its chips in the ⁠U.S. in a boost to the chipmaker's contract manufacturing business.

California urges court, FCC to reject AT&T request on service requirements
Reuters67d agoneutral
California urges court, FCC to reject AT&T request on service requirements

A California agency said Thursday ‌it has asked a ‌U.S. court and the Federal Communications ​Commission to reject the request of AT&T to stop offering traditional copper ‌wire phone ⁠service to new customers. The California Public Utilities ⁠Commission said AT&T's was trying to get out ​of its ​obligations as ​a carrier ‌of last resort.

Verizon adds new offer that removes 2 major fees for customers
TheStreet67d agoneutral
Verizon adds new offer that removes 2 major fees for customers

Verizon is doubling down on efforts to win back cost-conscious customers with a new offer that lets them avoid two major fees. The move comes as the carrier faces elevated churn in its wireless business. During an earnings call in January, Verizon CEO Dan Schulman revealed that in the last ...

🔎 Under the Radar: Moderna Stock Rises on Flu-Shot Recommendation
The Wall Street Journal67d agoneutral
🔎 Under the Radar: Moderna Stock Rises on Flu-Shot Recommendation

Moderna shares rose 3.5% Thursday after an advisory committee voted to recommend the U.S. Food and Drug Administration approve the biotech’s proposed new flu shot for people 50 and older. The FDA had initially declined to consider Moderna’s application for the shot’s approval, but then agreed to review it after Moderna amended it. The advisory committee vote in favor of the vaccine isn’t binding, but the FDA generally follows such recommendations.

Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports
Reuters67d agoneutral
Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports

Meta Platforms has secured new agreements to get AI computing power from data ‌center developer Crusoe, Bloomberg News reported on Thursday, ‌as it strengthens infrastructure required to support its AI expansion. Meta and ​Crusoe did not immediately respond to Reuters' requests for comment on the report, which cited people familiar with the situation. • ⁠Meta is under contract to buy computing capacity from Crusoe at two data centers, ⁠which are located in Childress, Texas, and Warrenton, Missouri, according to the report.

SpaceX Is Officially Investment Grade
The Wall Street Journal67d agoneutral
SpaceX Is Officially Investment Grade

Moody's Ratings assigned Elon Musk's SpaceX a Baa1 rating late Thursday. The grade puts the space-exploration company comfortably in investment grade status--three notches above speculative grade, or "junk"--helping keep borrowing costs down if SpaceX wants to sell bonds on the public market.

Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal
The Wall Street Journal67d agoneutral
Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal

Stocks rose and gasoline prices continued to fall after the U.S. and Iran signed an interim peace agreement to wind down the war, capping a holiday-shortened week on a high note. Brent crude futures, the international oil benchmark, finished the day near flat at $79.85 a barrel, about $7.50 closer than they started the week to the prewar level of about $72.50. The recent drop in oil prices has already translated into relief at the pump for Americans: The average cost of a gallon of gasoline slipped below $4 for the first time in more than two months, according to AAA.

Bloomberg67d agoneutral
SpaceX Shares End First Week of Trading Up 37% From IPO Price

(Bloomberg) -- SpaceX stock ended higher in its first week of trading, even though its rough ride showed the largest-ever IPO was not immune to the type of share-price volatility that tends to rock big companies after they go public. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealMukesh Ambani’s Promise to Investors on Jio IPO Will Be Tested Th

Kevin Warsh Comments Send Shiver Down Investors’ Spines. Would He Really ‘Murder This Bull Market?’
24/7 Wall St.67d agoneutral
Kevin Warsh Comments Send Shiver Down Investors’ Spines. Would He Really ‘Murder This Bull Market?’

Federal Reserve Chair Kevin Warsh’s first post-meeting press conference rattled risk assets on Wednesday, and the loudest pushback came from a strategist who thinks the bull market remains structurally intact. On CNBC’s Closing Bell Overtime, Warren Pies, co-founder of 3Fourteen Research, argued that “Bull markets do not die of old age. They’re usually murdered by ... Kevin Warsh Comments Send Shiver Down Investors’ Spines. Would He Really ‘Murder This Bull Market?’

Microsoft warns new malware turns copy-paste against you
TheStreet67d agoneutral
Microsoft warns new malware turns copy-paste against you

Ctrl+C and Ctrl+V, the universally loved shortcut pair, is now a big threat to your crypto wallet. Microsoft (NASDAQ: MSFT) has uncovered a new strain of malware built to quietly drain cryptocurrency from Windows users. In a report on June 17, Microsoft Threat Intelligence and Microsoft ...

HIVE signs $220 million GPU cloud deal with Bell and Cohere
TheStreet67d agoneutral
HIVE signs $220 million GPU cloud deal with Bell and Cohere

HIVE Digital Technologies (Nasdaq: HIVE) announced a major artificial intelligence (AI) infrastructure agreement through its subsidiary BUZZ High Performance Computing (BUZZ HPC) on June 18, joining forces with Bell Canada and Cohere to build what the companies describe as a sovereign ...

Bloomberg67d agoneutral
Meta Strikes New AI Computing Deals With Data Center Firm Crusoe

(Bloomberg) -- Meta Platforms Inc. has secured new agreements to get AI computing power from data center developer Crusoe, bolstering the infrastructure it needs to support an ambitious artificial intelligence expansion.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USNYC Greek Eatery Ki