10h ago
Bitcoin drops $23K in six weeks as Coinbase premium stays negative for 46 days
One metric has stayed deeply negative since the sharp price correction that began in mid-May. The reading points to bitcoin trading cheaper on Coinbase than on Binance over the period.
BTC
BTC-1.39%
10h ago
10h ago
JPMorgan launches $50 billion buyback and raises dividend after Fed stress test; Goldman lifts payout
The announcements followed the release of the Federal Reserve’s annual stress test. The test found that all 32 large banks remained above their minimum capital requirements under a hypothetical recession. The scenario projected more than $708 billion in losses across the industry, the Fed said.
10h ago
10h ago
Nvidia B200 AI chip rental price slides 31% from $6.11 per hour on May 30 to $4.22 by June 21
The hourly rental price for Nvidia’s B200 AI chip fell from $6.11 on May 30 to $4.22 by June 21, a 31% drop. The article attributes the decline to intensifying competition from Google, Amazon, AMD, Marvell, Broadcom and Coreweave, which are offering lower-priced alternatives. It adds that NVDA shares could lag the Nasdaq in the short to medium term. Over the longer run, it says demand tied to self-driving and AI-powered robots could support Nvidia’s chip sales.
10h ago
10h ago
All 32 banks clear Fed stress tests, opening way for buyback and dividend increases
The Federal Reserve released the results of its annual bank stress tests, showing all 32 large lenders in the exercise would remain above the 4.5% minimum common equity Tier 1 capital requirement under a severe recession scenario. The outcome clears a key regulatory hurdle for banks to raise dividends and increase share buybacks. The result is seen as a direct positive catalyst for shares of large listed banks.
10h ago
10h ago
Tech stocks drag Nasdaq and S&P 500 lower as airlines rally on sliding oil
U.S. stocks finished mixed, with the Nasdaq and S&P 500 closing lower and the Dow edging higher as pressure on tech shares persisted. Tech weakness erased more than $1 trillion from the Nasdaq over the week. Oil slid to its lowest level since the Iran conflict began, as more tankers transited the Strait of Hormuz and President Donald Trump said Iran was not charging tolls. Investors also focused on the possibility of a second Fed rate hike by December and Thursday’s PCE inflation report.
10h ago
10h ago
Musk loses trillionaire status as SpaceX shares come plummeting back down to Earth
SpaceX股价自6月12日IPO后冲高至225美元,随后快速回落至154美元,跌幅超30%;其估值回调导致Elon Musk净资产从1.1万亿美元降至约960亿美元,失去万亿富翁身份。SpaceX占Musk净资产近80%,其波动直接拖累特斯拉股价同步走弱。文章指出此次回调与AI资本开支疑虑、地缘风险升温及SpaceX拟发200亿美元债券引发现金流担忧有关。
10h ago
11h ago
Bitcoin network activity nears record highs even as BTC trades below its all-time high
Bitcoin network usage is accelerating even as the token remains below its record price. Activity is being driven by Ordinals and Runes, which are boosting demand for block space. At the same time, ongoing outflows from spot Bitcoin ETFs are adding pressure to BTC’s price.
BTC
BTC-1.39%
11h ago
11h ago
TSX slides 0.6% to 13-day low as oil and gold retreat
On June 24, the TSX index closed down 0.6% at 34,736.09, its lowest level since June 11. WTI crude settled 3.9% lower at $70.34 a barrel as more previously stranded tankers moved through the Strait of Hormuz, easing supply concerns. Gold fell 2.6% and copper slid 3.4% as a stronger U.S. dollar and rising expectations of Federal Reserve rate hikes weighed on commodities. The energy and materials sectors dropped 3.2% and 3.7%, respectively, dragging the broader market.
11h ago