Market news
Crypto, stocks, forex and macro, aggregated for traders.
Anthropic sued for allegedly overselling AI subscription usage
A consumer lawsuit accuses Anthropic of misleading customers about usage limits on its most expensive AI plans, demanding reimbursements.
S&P 500 Poised for Recovery on Multiple Positive Factors
The S&P 500 is on track for a recovery as rumors of an imminent end to the Middle East conflict, SpaceX successes, positive US economic data, and reduced expectations of Fed tightening boost sentiment.
AMD CEO Lisa Su Unveils Compact AI PC Challenging Nvidia's High-End GPUs
AMD CEO Lisa Su introduced a lunchbox-sized AI PC powered by the Ryzen AI Max+ 395 and up to 128GB of unified memory, capable of running 235B-parameter models locally without cloud or expensive GPU setups.
Tesla Cup and Handle Pattern Targets $765 Amid Peace Deal Tailwinds
Tesla shares extended gains on Friday, supported by a potential US peace deal, with a cup-and-handle pattern pointing to a $765 target.
Selfwealth Launches One-Click Share Bundles
Selfwealth by Syfe launched 'Bundles', curated baskets of two to seven ASX-listed shares or ETFs bought in a single transaction at a 30% brokerage discount.
Fidelity Investments to Launch its First ETF Share Classes
Fidelity announced it will launch its first ETF share classes on June 18, 2026, adding exchange-traded fund versions of three existing mutual fund strategies.
Volkswagen to Cut 19,000 Jobs by Year-End, CEO Says
Volkswagen plans to reduce its workforce by 19,000 employees by the end of the year, according to its CEO, as part of ongoing efficiency and cost-cutting efforts amid industry challenges.
SpaceX Shares Surge with $80B Volume, Becomes 7th Largest Public Company
Over 500 million shares of SpaceX ($SPCX) traded with volume exceeding $80 billion, reportedly making it the 7th largest public company globally.
S&P 500 Elliott Wave Analysis Flags Large Decline Ahead
An Elliott Wave and market breadth analysis from June 3 suggests the S&P 500 is poised for a major downturn, citing bearish signals despite the index trading near 7,570 at the time.
Dow Jones Rises 0.6% to Near 51,200, Outperforms Nasdaq
The Dow Jones Industrial Average climbed 0.6% to around 51,200 on Friday, outperforming other major US indices as the Nasdaq Composite declined.
SpaceX Stock Surges 30%, Market Cap Reaches $2.3 Trillion
SpaceX stock ($SPCX) surged over 30% to a fresh record high, giving it a market capitalization of $2.3 trillion and making it the 6th largest public company in the world.
SpaceX Rises 24% in IPO Debut
Space Exploration Technologies (SPCX) shares surged 24% shortly after the start of its first trading day on Friday.
SpaceX IPO Sees $26B in Shares Traded in First 15 Minutes
The SpaceX IPO ($SPCX) recorded 160 million shares traded in its opening 15 minutes, equivalent to roughly $26 billion in volume. Average trading velocity reached $1.7 billion per minute.
SpaceX IPO Trading Tips: Avoid Market Orders, Know Flipping Policies
Traders are advised to use limit orders and avoid market orders during the SpaceX IPO debut due to extreme volatility. The post also details flipping policies at major brokerages like Fidelity, Robinhood, and ETrade.
SpaceX Shares Indicated to Open at $151, 12% Above IPO Price
SpaceX (SPCX) shares are indicated to open at $151, 12% above the IPO price of $135, according to trading indications.
Nasdaq Delays Start of SpaceX Share Trading for Orderly Pricing
The Nasdaq announced it needs a few more hours before SpaceX shares (ticker SPCX) can begin trading, citing the need for an orderly IPO and establishing the right price.
SpaceX IPO Trading Expected Within 60 Minutes, First Indications at $175
SpaceX’s IPO first indications came in at $175 per share, a 30% premium over the $135 IPO price. Trading is expected to begin within the next hour after Nasdaq completes its price-discovery auction.
SpaceX Set for Largest IPO in History, Musk Says
Elon Musk reveals he gave SpaceX less than a 10% chance of succeeding at launch. Today, the company is preparing the largest IPO in history, 2.5 times bigger than the previous record.
SpaceX IPO Indications at $175/Share, 30% Above Offer Price
First indications for SpaceX's IPO price shares at $175, a 30% premium over the $135 offer price. Total demand has reached $350 billion, with $250 billion from institutional investors.
SpaceX IPO Draws Over $250B in Institutional Orders, $350B Total Demand
SpaceX's upcoming IPO has reportedly attracted over $250 billion in institutional orders and more than $350 billion in total demand, with 70% of the institutional book allocated to long-only funds and sovereign wealth funds, and 20% of shares set aside for retail investors.
SpaceX IPO Catalysts: What Traders Should Watch After June 12 Launch
The real trading story for SpaceX begins after its June 12 IPO, as the gap between narrative and fundamental delivery starts to close with each subsequent event.
DAX Correction Deepens as Elliott Wave Signals More Downside
The DAX index faces deepening losses as it tests the support line of its impulsive channel from March lows. Elliott wave analysis suggests the current decline may be a leading diagonal, pointing to further downside.
BNY's Bob Savage Highlights Declining Cash, Elevated Valuations, Record IPO in U.S. Equities
BNY's Bob Savage analyzes U.S. equities using iFlow data, pointing to declining institutional cash balances, elevated valuations, and record IPO issuance.
SpaceX IPO Raises $75 Billion, Valued at $1.77 Trillion
SpaceX's long-awaited IPO has been a massive success, raising $75 billion and valuing the company at $1.77 trillion, making it the seventh-largest US firm.