Finance News

Wall Street's loudest voices are warning about the one trade everyone is making →

A record wave of money is pouring into AI — and the people closest to it, including Microsoft's own chief, are the ones raising their hands. Plus China's rare-earth squeeze and a market holding its breath for inflation.

Iran's oil starts flowing again — but the world it left behind doesn't snap back →

After a six-week blockade, Iran resumed loading crude from Kharg Island and tankers are clearing Hormuz. The barrels are returning. The high-cost economy the disruption built — fuel subsidies, dead budget airlines, pricier everything — is proving far slower to reverse.

The memory shortage gets so deep that even Apple says it must raise prices →

AI's appetite for memory chips has made the parts that store data scarce — and now the shortage is feeding itself, lifting prices from your next iPhone to a Korean chip worker's bonus to the inflation numbers a central bank watches.

Japan spends $70 billion and hikes rates to save the yen. The yen falls anyway. →

Tokyo did everything the textbook says to defend a currency — and the yen still slid toward a 40-year low. Indonesia is losing the same fight. The dollar's pull is bigger than either of them. Meanwhile oil keeps falling and US mortgage rates drop with it.

The Fed's new chair removes the safety net markets had learned to lean on →

Kevin Warsh held rates in his debut but stripped out the promise of cuts to come. Stocks fell, bond yields jumped, and traders now bet on a hike by September.

China's shoppers stop spending, and the world's factory wobbles →

Chinese retail sales fell in May for the first time since the Covid reopening, exposing a weak consumer beneath a booming export machine.

Japan ends the era of free money — and a quiet, popular trade is suddenly in danger →

The Bank of Japan raised rates to a 31-year high, the last big central bank to leave near-zero behind. The move lifts a trade millions leaned on without thinking about it.

Wall Street's bond giant says the easy money is over — and the defaults are coming back →

Pimco, which runs $2.27 trillion, warns the default cycle is 'reasserting itself,' with the worst losses hiding in private credit. Foreigners are pulling a record $134 billion out of Asia's hottest markets. The common thread is a market quietly bracing for harder money.

A "sure thing" on Polymarket lost a student $35,000 — after the bet was already won →

A 20-year-old's near-guaranteed wager went to zero when the betting platform rewrote what the contract meant. Plus gold's quiet record run, and the regulators arriving just as AI's biggest names line up to go public.

SpaceX goes public — and the first-day pop reveals who really got paid →

SpaceX's stock jumped 19% on its trading debut, a "successful" IPO that quietly handed billions to the few investors who got shares at the offer price. The market rose too, as oil sank toward a three-month low on US-Iran deal hopes.

Europe raises rates into a war — to fight a fire it can't reach →

The ECB hiked for the first time since 2023, not to cool a hot economy but to stop a war-driven oil shock from becoming a lasting belief that prices keep rising. Japan is about to follow. The cost of money is climbing worldwide.

Gold was the safe place to hide. So why did it fall during a war? →

Gold sank to a six-month low and deeper into a bear market — even as the US and Iran traded fire. The reason isn't the war. It's the interest rate.

The AI boom's loudest deals are stock sales. Its biggest ones are loans. →

SpaceX and OpenAI grabbed the headlines with their IPOs. The real money funding the AI buildout is moving quietly through private credit, lease backstops, and margin loans — debt structured so the labs don't visibly carry the risk.

Italy's biggest bank makes a $35 billion grab for its oldest rival →

Intesa Sanpaolo launched an unsolicited bid for Monte dei Paschi to build the euro zone's second-largest lender — the latest move in a wave of banks swallowing banks. Plus: AI giants race to go public, oil stays high on war risk, and airline profits get cut in half.

SpaceX is about to sell for $1.75 trillion — and the "Dean of Valuation" says don't buy →

SpaceX's IPO has triggered one of the year's biggest investor frenzies, oversubscribed twice over despite the company having no profits. The split between its price and its value is a clean lesson in the difference between the two.

A hot jobs report breaks the AI rally — and almost everything falls at once →

Friday delivered the Nasdaq's worst day in over a year as strong hiring revived rate fears and doubts about AI spending hit chip stocks. Stocks, bonds, oil and gold fell together. Plus: oil defies the doom forecast, and a record French telecom deal.

A hot jobs report flips the Fed — and stocks crack →

May's blockbuster payrolls erased bets on rate cuts and replaced them with bets on a hike this year, triggering a $1 trillion chip rout and dragging down gold, Bitcoin and the whole risk trade.

The jobs headline looks steady. Underneath, the cracks are showing. →

The May jobs report lands Friday looking calm — about 85,000 new jobs, unemployment at 4.3% — but jobless claims just hit a four-month high and layoff filings their highest since the war began. Meanwhile a weak Broadcom forecast dragged chip stocks and the Nasdaq while the Dow climbed, and bitcoin sank to a pre-war low.

The longest stock rally in 30 years finally hits a wall →

US stocks snapped a nine-day winning streak — their longest run since 1995 — as the Iran war pushed bond yields to a 20-year high and investors stopped looking past the fighting. Bitcoin fell to a three-month low, the dollar held firm, and for the first time in years, boring government bonds are paying enough to be worth a look.

Oil and the dollar climb on the war, and the stock market parties anyway →

Crude rose a third straight day and the yen neared crisis levels as Middle East talks stalled — yet AI optimism pushed US stocks to another record. Bitcoin fell to its lowest since February, a Fed official floated rate hikes, and emerging-market central banks scrambled to defend their currencies.