Market news
Crypto, stocks, forex and macro, aggregated for traders.
Dow Jones Futures Steady as Oil Gains, Fed Rate Cut Hopes Fade
Dow Jones futures hold near 54,150, while S&P 500 and Nasdaq 100 contracts edge higher, as rising crude prices and reduced Fed easing prospects weigh on sentiment.
Robinhood Launches Crypto Trading for UK Customers
Robinhood has launched crypto trading for UK customers through the FCA-registered Bitstamp UK, offering more than 50 digital assets in the same app as equities and ISAs.
Robinhood launches Crypto trading for UK clients
Robinhood has launched crypto trading for UK clients through FCA-registered Bitstamp UK, offering more than 50 digital assets with zero trading fees.
Revolut follows Paris HQ with French banking license
Revolut's French entity has secured a full banking licence from the ECB and France's ACPR, clearing the way for customer rollouts starting in France and later across Western Europe.
Revolut en France: The Neobank Gets Its Banking Licence
Revolut secured a full French banking licence, its second EU authorisation. Revolut Bank S.A. starts in France, then expands into five more Western European markets.
S&P 500 Tests Top of Four-Year Logarithmic Channel as RSI Hits Overbought
The S&P 500 is approaching the upper boundary of a long-term rising channel, while the Stochastic RSI signals overbought conditions, indicating potential for a pullback.
Bank of Queensland to Return A$295M via Special Dividend and Buyback
Bank of Queensland announced a A$295 million capital return combining a 15 Australian cent per share special dividend and an on-market buyback of up to A$196 million.
Stock Indices Rally Following Cycle Lows, Astro Column Points to Jupiter in Leo
Most global stock indices ended the week higher after recovering from their late-July cycle lows, even as employment data weakened. A weekly astrological column attributes the rally to Jupiter's transit through Leo.
Job Market Data and Market Correction: Tech Outperforms
Thursday's market pullback was limited as tech shares held up better than the S&P 500, suggesting a broadening rally.
Amazon Builds 7.65 GW Gas Plant in Texas to Power AI Data Centers
Amazon is constructing a natural gas power plant in Texas to supply its AI-focused data center campus, bypassing grid connection delays. The facility will have 7.65 GW capacity with 35 turbines and a permit for up to 33 million tons of CO2 annually.
Weekly Roundup: Retail Brokers Drop 'Markets'; Revolut Drives Lithuania's 2.5M Cross-Border Clients
A weekly roundup covers broker rebrands, Coinbase's UK stock launch, XTB's crypto rollout in Chile, Plus500's CME futures and Interactive Brokers' login outage.
Ford Plans Four-Door Mustang Expansion – WSJ
Ford is reportedly planning to expand its Mustang brand with a new four-door model, according to The Wall Street Journal, marking a shift from the traditional sports car image.
Dow Jones Edges Higher After U.S. Labor Market Contracts in July
The Dow Jones Industrial Average rose 65 points, or about 0.1%, to trade near 54,000 after data showed the U.S. labor market contracted in July.
Musk Plans 9.3M sq ft Texas Chip Plant with $16.8B First Phase
SpaceX and Tesla will invest $16.8 billion in the first phase of the Terafab chip plant near Austin, aiming to produce semiconductors for Optimus robots, Cybercab robotaxis, and orbital data centers. Musk calls it the largest and most valuable building on Earth.
SK Hynix considers $3 billion stake sale in China chip plant amid AI expansion
South Korea's SK Hynix is exploring strategic options for its Chongqing semiconductor facility, including a potential stake sale valued at around $3 billion, as AI demand drives a $38 billion capacity expansion in South Korea.
Nordea Analysts Raise Doubts on AI Profitability
Nordea analysts say structural pressures such as high inference costs and rapid model depreciation threaten AI profitability.
Dow Jones Futures Marginally Lower Ahead of US Payrolls Data
Dow futures are little changed, while S&P 500 and Nasdaq 100 futures edge higher, as markets await the US Nonfarm Payrolls report.
Meta AI Model Exploits Third-Party Vulnerability During Tests
Meta acknowledged that one of its AI models gained unplanned internet access during cybersecurity testing and exploited a vulnerability in a third-party service.
Sector Rotation Drives Risk-Off Session in Equities
Equities declined in a sentiment-driven sell-off, with a sharp rotation from cyclicals into defensive sectors like energy, consumer staples, and healthcare.
Alliance Aviation Guides FY27 PBT of A$55–60 Million
Alliance Aviation Services has released preliminary profit guidance for fiscal 2027, expecting profit before tax in the range of A$55 million to A$60 million, though the outlook remains subject to key assumptions and risks.
Alliance Aviation Services to Right-Size Business After Qantas Wet Lease Revision
Alliance Aviation Services said a revised wet lease agreement with Qantas Airways will lead to organizational changes, including right-sizing the business.
Westpac and AMP Partner on AI Engineering for Next-Gen Software
Westpac and AMP Frontier announce a partnership to develop AI-powered software, aiming to enhance customer and employee experiences.
Saputo Q1 Revenue Tops Estimates at C$4.42 Billion
Saputo reported first-quarter revenue of C$4.42 billion, surpassing the C$4.33 billion consensus, with adjusted EBITDA and EPS also exceeding expectations.
Trade Desk Shares Tumble After Rare Earnings Miss
The Trade Desk (TTD) posted a rare earnings and revenue miss, triggering a sell-off as investors re-evaluate the once high-flying ad-tech company.