June Nasdaq 100 E-Mini futures (NQM26) are up +0.54% this morning, signaling a rebound from yesterday’s selloff, while investors await the first Federal Reserve rate decision under Kevin Warsh.
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CarMax stock advances after the used-vehicle retailer handily tops Wall Street expectations with its first-quarter earnings.
Stocks were on track to rise Wednesday after more details about the U.S.-Iran peace deal leaked, bolstering hopes that the two countries are on the brink of reaching an agreement to end the war in the Middle East. Futures tracking the tech-heavy Nasdaq 100 gained 0.5%, while S&P 500 futures added 0.1%. The market looked set for a broader rally on Wednesday after The Wall Street Journal reported that the U.S. would allow Iran to immediately begin selling oil and fuel under the deal to end the war, citing people familiar with the agreement.
And the odds were pretty slim to begin with, leaving investors unsure of what to do next.
(Bloomberg) -- The Trump administration wants 400 dealmakers to help the US bolster its national security supply chains — and it’s offering salaries as high as $400,000 a year for Wall Street recruits.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in P
Does AI hype have Wall Street ignoring inflation? Trader Talk host Kenny Polcari discusses the growing concerns with NYSE Senior Market Strategist Michael Reinking, and Tuttle Capital Management CEO & CIO, Matthew Tuttle
Bitcoin is trading at approximately $65,829 as Federal Reserve Chair Kevin Warsh steps in to chair his first FOMC meeting. While traders analyzing whether the central bank will hike or hold this Wednesday have priced in a 3.50-3.75% rate hold at a 97.4% probability per the CME FedWatch tool, the true market driver remains Warsh’s impending forward guidance.
JPMorgan Chase (JPM), Alphabet's (GOOG, GOOGL) Google and more than two dozen other companies have b
Over the last six months, IQVIA’s shares have sunk to $177.52, producing a disappointing 19.8% loss - a stark contrast to the S&P 500’s 12.4% gain. This might have investors contemplating their next move.
For the past few years, U.S. health insurers and their investors were hit from every direction. Patients flooded back to seek treatments after the pandemic, and Washington tightened the rules on Medicare Advantage. Medical costs are rising less than feared, the Trump administration has turned more generous, and the once-shunned sector is bouncing back.
June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.
Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture. • Alfahealth and Industries eXcellence respectively offer digital solutions for Italy's healthcare and industrial sectors. • Together they accounted for about 18% of Engineering's consolidated net revenues and 25% of adjusted core earnings (EBITDA) in 2025.
June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.
Britain's competition watchdog set out two conduct requirements for Google's search services under its regulatory regime to secure "a fairer deal" for businesses and improve Google search services in the country. The first requires Google to improve transparency and fairness in how search results are ranked, while the second requires Google to allow users to move their search data to authorised third parties, the Competition and Markets Authority said in a statement on Wednesday.
(Bloomberg) -- Governments around the world look to be facing lofty borrowing costs for at least the rest of the year, even as the fragile Middle East truce lowers energy prices and curbs inflationary fears.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gain
Stocktwits data showed retail sentiment has improved to ‘bullish’ on SPY and ‘neutral’ on QQQ from ‘bearish’ earlier in the week.
Potential interest rate increases (and downstream effects such as higher bond yields) could mean trouble for the stock market, especially if they coincide with new tariffs.
(Bloomberg) -- SpaceX shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com Inc. by market value.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealShares
Market commentator The Kobeissi Letter highlighted on Tuesday a record surge in tokenized stocks on Solana (CRYPTO: SOL), led by strong demand following Space Exploration Technologies Corp. (NASDAQ:SPCX)‘s blockbuster IPO. SpaceX Accelerates Tokenization Push Kobeissi Letter drew attention to $4.3 billion in on-chain volume of tokenized stocks over the last 30 days, citing data from asset tokenization analytics platform rwa.xyz. This marked the highest monthly volume ever, and a 140% year-to-dat
Chewy’s fourth quarter results were met positively by the market, reflecting steady execution in a challenging environment for pet retail. Management credited robust recurring revenue from its Autoship program, which now accounts for over 80% of net sales, and emphasized gains in operational efficiency. CEO Sumit Singh highlighted a continued focus on premium product mix and disciplined expense management, stating, “We are delivering share gains, expanding margins through structural efficiencies
SpaceX’s $75 billion initial public offering shattered market records, turned founder Elon Musk into the world’s first trillionaire, and opened fresh debates over corporate valuations and governance. It’s not the first time an IPO has shaken things up. IPOs have been reshaping markets since the Bank of North America’s 1783 debut got it all started for the young republic.
Oil fell below $80 on the Iran deal, the Dow hit a record, and Bitcoin touched $67K. Then the Fed wiped out rate cuts.
(Bloomberg) -- Chinese stocks listed in Hong Kong are facing bleak milestones as a global rush into artificial intelligence supply chain players sidelines the Internet and consumer companies that dominate the offshore benchmark.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealModi Warns of ‘Short
Jason Calacanis said Cursor could become the No. 1 or No. 2 AI coding agent within a year thanks to SpaceX's compute advantage.
Asian shares were mixed and oil was trading below $80 a barrel on Wednesday as markets watched for details on the interim agreement between the U.S. and Iran to end the war. U.S. futures edged higher ahead of the Federal Reserve’s policy decision announcement and after Wall Street closed mixed near their record highs.
Europe's quest for technological sovereignty will dominate discussions at the G7 in France and the VivaTech conference in Paris this week, as policymakers and technology executives fret about American AI, with alternatives remaining scarce. The gatherings come days after the United States tightened restrictions on Anthropic's most advanced AI models for foreign nationals, underscoring Europe's vulnerability that political whims could derail its race to build domestic AI champions. "Tech sovereignty will be top of mind this week at VivaTech," Ana Paula Assis, senior vice president at IBM, told Reuters.
(Bloomberg) -- A US trading platform owned by crypto exchange Kraken has signed a $100 million private loan with a new Gulf investment firm, in another sign that Middle East financiers are looking past the regional conflict to press ahead with overseas investments.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Ga
Bernstein initiated coverage with an Outperform rating and a $187 target