“The Big Short” investor Michael Burry may be on pace for a nine-figure year, with the potential payday primarily coming from Substack subscriptions rather than stocks or options.Burry said on Sunday that his Cassandra Unchained newsletter had crossed 300,000 subscribers just 231 days after launch…
President Donald Trump on Friday announced that the U.S. has agreed to continue its talks with Iran following a request from the country, but reiterated that the ceasefire is over with Tehran.“The Islamic Republic of Iran has asked us to continue ‘talks.’ We have agreed to do so, but the United Sta…
The iShares 20+ year bond yield ETF slipped about 0.2% on Wednesday, down for the sixth session, as elevated oil prices due to rising conflict in the Middle East sparked inflationary concerns, raising interest rate hike bets.International Brent crude futures (Co1) settled up 5.43% at $78.19 per bar…
Mohamed El-Erian, Chief Economic Advisor at Allianz, warned on Wednesday that crude oil prices could climb back above $90 per barrel if the U.S.-Iran skirmish this week escalates into a broader conflict.Oil prices jumped on Wednesday after tensions between the U.S. and Iran escalated again in the S…
U.S. stock futures slipped early Wednesday as a selloff in memory-chip stocks weighed on sentiment, while oil prices surged after President Donald Trump declared the ceasefire with Iran was over. Investors are also awaiting the release of the Federal Reserve’s meeting minutes later in the day and t…
SpaceX NASDAQ:SPCX, Elon Musk's rocket, satellite and artificial intelligence company, is joining the Nasdaq 100 Index NASDAQ:QQQ on Tuesday as Wall Street analysts begin coverage with a strong bullish tilt. At least six brokerages, including Morgan Stanley and Goldman Sachs, have launched buy-equi…
BlackRock NYSE:BLK said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index NASDAQ:NDX, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.The iShares Nasdaq 100 ETF, offered by the world's largest asset manager…
By Purvi Agarwal and Rashika SinghSpaceX's NASDAQ:SPCX addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views.The company joins the index just 15 days af…
Wall Street delivered a strong performance over the past month (as of July 3, 2026).State Street SPDR S&P 500 ETF Trust SPY has gained about 1% over the past month, the Nasdaq-100-based Invesco QQQ Trust, Series 1 QQQ has added about 1.1% over the past month, and the State Street SPDR Dow Jones Ind…
U.S. stock futures climbed higher in the overnight session late Sunday, extending the previous week’s rally as investors await the Federal Reserve’s June minutes due on Wednesday.Nasdaq 100 futures jumped 1.33%, S&P 500 futures climbed 0.53%, while Dow futures were up 0.15% at 8:11 PM EDT.Among ETF…
Federal Reserve Chair Kevin Warsh on Wednesday downplayed concerns that artificial intelligence will lead to job losses, saying he is not an AI doomer or pessimist.During an interview at the ECB Forum on Central Banking in Sintra, Portugal, Warsh said he believes the number of jobs created by AI wi…
Gold extended its slide on Wednesday, with spot prices posting their steepest monthly decline since October 2008 in June, as a stronger U.S. dollar and renewed expectations of an interest rate hike deepened the selloff in bullion.Spot gold slipped below the psychologically important $4,000-an-ounce…
U.S. stock futures retreated in the overnight session late Tuesday after posting a strong quarter despite the war with Iran. The Dow posted its best first half since 2021, while the small-cap Russell 2000 posted its strongest H1 since 1991.Meanwhile, Federal Reserve Chairman Kevin Warsh is schedule…
Artificial intelligence is becoming a key factor in how central banks assess inflation, economic growth and financial stability, according to the Bank for International Settlements.The BIS said in its 2026 Annual Economic Report that policymakers must now account for AI’s increasingly broad economi…
Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that interest rates may need to be raised to bring inflation back under control.During an interview with CNBC, Hammack said that inflation has been elevated for the past five years. “We’ve got inflation that’s too high, and it’s…
Apollo Global Management’s Chief Economist, Torsten Slok, on Tuesday warned that AI valuations could face a “painful repricing” if companies outside the technology sector take much longer than investors expect to realize meaningful returns on their AI investments.Slok argued that the current market…
Michael Burry believes the most important investing lesson of his career didn't come from predicting the housing crash; it came years earlier, after watching one of Silicon Valley's biggest technology giants fade during the dot-com era.Long before founding Scion Capital, Burry learned a lesson that…
Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business, on Tuesday said on Tuesday that the recent shift away from the Magnificent Seven stocks isn't a warning sign for investors.In his latest weekly commentary, Siegel argued that investors are i…
The Japanese yen slid to its weakest level against the U.S. dollar since December 1986 on Monday, extending a yearslong decline that is renewing focus on currency intervention risks and the global yen carry trade.The currency briefly weakened beyond 161.95 per dollar, eclipsing the level that promp…
SpaceX NASDAQ:SPCX will be added to the tech-heavy Nasdaq 100 index on July 7, exchange operator Nasdaq confirmed on Friday, paving the way for a surge in passive investments in Elon Musk's rocket and AI giant.Inclusion in the index typically boosts the stock price, as exchange-traded funds looking…
