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Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap
Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields after a solid jobs report added to bets the Federal Reserve’s next interest-rate move will be a hike. That repricing of the Fed outlook coincided with a swoon in...
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Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap
Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields after a solid jobs report added to bets the Federal Reserve’s next interest-rate move will be a hike. That repricing of the Fed outlook coincided with a swoon in...
Tech Selloff, Bitcoin Drop Test Retail Investor Strength Ahead of SpaceX IPO
For years, Wall Street has benefited from one of the most reliable forces in modern markets: a retail-trader army willing to buy almost anything. Friday offered a glimpse of what happens when several of those trades come under pressure at the same time....
SpaceX and Other Mega IPOs May Wait Years to Join the S&P 500
Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable. S&P Dow Jones Indices’ index...
Wall Street Sours on Lululemon Shares After Sales Outlook Cut
Only one Wall Street analyst still rates Lululemon Athletica Inc. as a buy after the upscale yogawear company cut its annual forecast amid slumping sales in North America. BTIG LLC analyst Janine Stichter downgraded the firm to a neutral rating from a buy on Friday...
S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
SpaceX has requested unusually swift entry into several leading stock market indexes as a condition of its historic stock market debut. But the S&P 500 stock market index representing many of the largest profitable US companies has surprised market analysts by...
SpaceX IPO Brings ‘Prime Time’ for Advisers Ahead of Wealth Surge
If SpaceX’s IPO goes off as planned, it’ll be a pivotal moment for many of the company’s thousands of employees, who’ll finally be able to sell shares into the public market. That prospect has created a groundswell of business for wealth advisers who specialize in...
Broadcom’s sell-off just entered megacap history
Broadcom (AVGO) closed down 12.6% Thursday, erasing $280 billion in market value, putting it among the biggest single-stock wipeouts of the megacap era. The trigger was Broadcom's AI outlook. The company beat quarterly earnings expectations, but its AI chip sales...
Saylor’s Bitcoin Machine Is Misfiring on Every Cylinder
Michael Saylor built Strategy Inc. around a straightforward idea: raise money to buy Bitcoin, then never sell it. Over time, that simple bet has turned far more complicated. After years of raising money to buy more Bitcoin, Strategy now has three investor groups to...
Broadcasters Enter the Market for GPS Backup Services
The race is underway to back up a crucial and increasingly vulnerable linchpin of American infrastructure. On Tuesday, a trade group representing local broadcast stations across the US announced a new venture that will aim to provide an alternative to the country’s...
Dimon to Pitch JPMorgan’s Ultra-Rich Clients on SpaceX IPO
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to discuss the upcoming SpaceX initial public offering with thousands of the bank’s high-net-worth clients, part of an unprecedented nationwide push in coordination with the rocket maker’s leaders....






