BeInCrypto55d agobearish
SpaceX Shares Dip Below IPO Price, Valuation Falls Below $2 TrillionSpaceX shares (SPCX) fell below the $150 IPO price, with the market cap falling below $2T for the first time since public market debut.
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The Wall Street Journal55d agobearish
📉 These Tech Stocks Are Falling the Most This MorningIt’s a rough day for stocks that have benefited from the AI rally this year. These stocks are among the deepest in the red this morning: Chip makers: Micron Technology is down 12%. Advanced Micro Devices, Marvell Technology and Qualcomm fell between 6% to 9% at the opening bell.
Reuters55d agobearish
Wall St falls at open on tech selloff as concerns about hawkish Fed, AI spending mountJune 23 (Reuters) - Wall Street's main indexes opened lower on Tuesday, following sharp losses in megacap and semiconductor stocks as investors braced for a more hawkish Federal Reserve and
Barrons.com55d agobearish
Nasdaq Tumbles 2.4%. A Chip Selloff Grips Wall Street.A selloff in highflying semiconductor stocks gripped Wall Street Tuesday morning. The Nasdaq Composite tumbled 2.4%. The S&P 500 fell 1.6%. The Dow dropped 371 points, or 0.7%. The Nasdaq 100 was on pace to shed more than $1 trillion in market cap.
Reuters Videos55d agobearishVIDEO
EU to ramp up Meta probe into addictive design: Bloomberg<body><p>STORY: The European Commission plans to ramp up its probe into Meta, a Bloomberg report said. </p><p>The EU alleges the social media giant designs its platforms to be addictive to children. </p><p>The report said the bloc is preparing preliminary findings but has not set a date for the announcement.</p><p>It’s not the first time Meta has faced scrutiny from the commission. </p><p>It first opened a probe into the company under the Digital Services Act in May 2024, due to concerns it had not adequately addressed risks to children.</p><p>In April it charged Meta with breaching its tech rules…</p><p>And said the Instagram owner must do more to block children under 13 from accessing social networks. </p><p>The report said the EU is considering curbs similar to those announced by the UK and other countries after an expert panel delivers recommendations next month.</p><p>Meta and the European Commission did not immediately respond to Reuters requests for comment. </p><p>Reuters could not independently verify the report.</p><p>Meanwhile, a source told Reuters the social media giant is pushing for legal protection in Washington. </p><p>The source said Meta is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p></body>
Investing.com55d agobearish
South Korea leveraged ETF crisis sparks global chip selloffSamsung Electronics (005930) fell 12.31% to 310,000 KRW in Seoul, and SK Hynix (000660) dropped 12.47% to 2,555,000 KRW, with both stocks opening sharply higher before collapsing through the session. The magnitude of the moves helped push the KOSPI down roughly 9-10% from its recent record high, triggering a market-wide circuit-breaker trading halt. Nasdaq 100 futures were down more than 2% ahead of the US open, putting the index on pace to shed more than $1 trillion in market value, Reuters rep
Investing.com55d agobearish
Nike slips after Evercore downgrades stock on gloomy near-term outlookInvesting.com -- Nike shares slipped 1.4% in premarket trading Tuesday after Evercore ISI downgraded the stock to In Line from Outperform and cut its price target to $46 from $57.
Reuters55d agobearish
UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud servicesBritain's competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which? The Competition Appeal Tribunal granted earlier in June a collective proceedings order allowing Which?
Quartz55d agobearish
SpaceX stock falls below IPO day close, losing $400 billion in market capAnyone who bought SpaceX stock in the open market after its first trading day is now underwater on those purchases
GuruFocus.com55d agobearish
Tesla Stock Sinks After Fatal Crash Triggers Federal ProbeTesla Faces New Self-Driving Questions After Fatal Crash, Stock Slides
GuruFocus.com55d agobearish
Needham Drops Massive Micron Price Target Hike Ahead of Crucial EarningsAI Memory Boom Fuels Bold Micron Call as Needham Raises the Bar
Reuters56d agobearish
Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slidesThe Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk's SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut. SpaceX, which is expected to join the Nasdaq 100, has lost more than $600 billion in market value in the past three sessions. It last had a market valuation of $1.95 trillion, if the day's losses hold.
Reuters56d agobearish
Stocks hit by Fed rate reality check; oil slipsBy Amanda Cooper LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to
Simply Wall St.56d agobearish
Roblox (RBLX) Faces Class Action Lawsuit Over Organic Growth ClaimsA securities class action lawsuit has been filed against Roblox (NYSE:RBLX), alleging false and misleading statements about organic user growth. The complaint focuses on the claimed impact of Roblox’s age verification rollout on its organic growth trends. The case raises questions around disclosure practices, user growth metrics, and potential risks for shareholders. Roblox enters this legal chapter with its shares at $47.27 and a mixed recent track record for investors. The stock is up...
Reuters56d agobearish
STOXX 600 hits over one-week low on Fed hike bets, tech selloffBy Utkarsh Hathi and Johann M Cherian June 23 (Reuters) - Europe's benchmark STOXX 600 fell to a more than one-week low on Tuesday, as expectations for imminent interest rate hikes by the Federal
Bloomberg56d agobearish
Gold Bulls Gut Outlooks as Deutsche Bank Follows Goldman’s Cut(Bloomberg) -- Deutsche Bank AG reduced gold price forecasts by as much as 22%, as investors become more wary about the outlook for US monetary policy and investment demand for the precious metal dries up.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Invests $90
Motley Fool56d agobearish
Fed Chair Kevin Warsh Dropped a Bombshell at the FOMC Meeting -- and It's What He Didn't Say That Matters MostA key phrase was missing in the latest Federal Open Market Committee (FOMC) statement, and it has massive implications for the stock market.
Motley Fool56d agobearish
Oil Prices Are Falling, but the Fed's Decision to Hold Interest Rates Steady May Challenge Opendoor StockThe real estate start-up is making progress on its recovery.
Reuters56d agobearish
Nasdaq futures fall 2% on tech worries, Fed hike betsJune 23 (Reuters) - Contracts tracking the tech-heavy Nasdaq fell 2%, leading declines among Wall Street futures on Tuesday, as concerns around imminent rate hikes in the United States and debt-backed
Bloomberg56d agobearish
Korean Stocks Tumble 10% as Extreme Volatility Rattles Investors(Bloomberg) -- South Korean stocks tumbled from a record high as investors sold off chip heavyweights, delivering another outsized swing that has become a feature of the world’s best‑performing market this year. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Inve
Barrons.com56d agobearish
Cerebras Just Had Its IPO. Now, the Chip Maker Faces Its Next Big Test.Cerebras Systems, an AI chip maker, anticipates first-quarter sales of $181 million, an 82% increase year-over-year.
Associated Press56d agobearish
Asian shares are trading mixed amid caution about the war in IranAsian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran. Japan's benchmark Nikkei 225 lost 0.9% in morning trading to 71,681.29. Australia's S&P/ASX 200 was up less than 0.1% in morning trading at 8,822.10.
Stocktwits56d agobearish
Nasdaq, S&P 500 Futures Dip After Megacap Tech Selloff: Why SPCX, INFQ, PLTR, QBTS, HIMS Are In FocusTuesday's catalysts include flash PMIs, Richmond Fed data, ADP weekly employment, Treasury bill and 2-year note auctions, and May money supply.
TheStreet56d agobearish
JPMorgan drops blunt verdict on stock market rallyInvestors have several reasons to expect a more cautious message from JPMorgan. The S&P 500 rally has already been powerful; valuations are no longer cheap, and the market has been balancing Fed uncertainty, stretched positioning, and questions about how much good news is priced in. However, in ...
AFP56d agobearish
Oil falls as US waives Iranian sanctions and Nasdaq tumblesCrude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech giants.The US Treasury said later Monday it was temporarily lifting sanctions on Iran to allow the Islamic Republic to produce, sell and deliver crude oil and related products through August 21.
Barrons.com56d agobearish
Carnival Earnings Are a Big Test for the Cruise Stocks RallyCruise stocks have been on a tear recently, boosted by tumbling oil prices and hopes of an end to the Iran war.
The Wall Street Journal56d agobearish
ABC Launches On-Air Campaign Against FCC InvestigationsThe Disney-owned network is encouraging viewers to tell the FCC to drop probes into “The View” and ABC broadcast licenses.