Market news
Crypto, stocks, forex and macro, aggregated for traders.
Papa John's Names Chris Collins Interim CFO After Ravi Thanawala Departs
Papa John's has appointed Chris Collins as interim CFO effective immediately, following the departure of Ravi Thanawala. Additionally, Marc Richard will oversee all North America operations as part of the leadership transition.
Shell to Sell Gulf of America Assets to Talos and Ridgewood for $1.7B
Shell has agreed to sell select assets in the Gulf of America to Talos Energy and Ridgewood Energy for $1.7 billion, including its 50% stake in the Na Kika platform and its full interest in the Coulomb tieback, according to sources.
Anthropic Launches Claude Sonnet 5 with Improved Safety
Anthropic has launched Claude Sonnet 5, available across all plans starting today, with safety improvements over the previous version. Introductory pricing is set at $2 per million input tokens until August 31.
Johnson & Johnson Elliott Wave Analysis: Bullish Rally Targets $271.37
An Elliott Wave analysis points to a bullish rally for Johnson & Johnson (JNJ), with a target price of $271.37 and further upside potential.
DAX Targets New All-Time Highs After Gap Fill
The DAX is in a multi-month recovery and may soon reach new all-time highs, either after a pullback to the 23170–24000 area or through a direct rally.
Meta's Brain2Qwerty Achieves 61% Accuracy in Decoding Typed Text
Meta has unveiled a non-invasive system that reconstructs typed text from brain activity with 61% word-level accuracy, significantly outperforming prior methods.
Deutsche Bank: Tech-Led Rebound Powers S&P 500 to Snap Losing Streak
Deutsche Bank strategists highlight a risk-on tone in US equities, driven by a recovery in technology stocks. The Magnificent 7 outperformed, helping the S&P 500 end a five-day losing streak and approach its best quarterly performance in six years.
TSMC Aims to Fix AI’s Memory Bottleneck
TSMC is working to address the memory bottleneck in AI, shifting focus from the previously dominant concern over leading-edge logic scarcity.
Oliver Zipse to Join Vanguard's Board of Directors; André Perold to Retire
Vanguard announced the election of Oliver Zipse to its board of directors effective February 2027, while André Perold retired from the boards after more than two decades.
US Stocks Close Higher as Tech Rebounds Ahead of July Retirement Reset
US stocks ended the quarter on a positive note, led by mega-cap technology shares which recovered from last week's underperformance, as traders looked ahead to the key July 1 retirement-contribution reset.
Ionic Digital Files for Nasdaq Listing Under Ticker IOND
Ionic Digital has filed to list its Class A common stock on Nasdaq under ticker IOND, registering the resale of up to 10.8 million shares with no primary capital raise. Prior stakeholders include Attestor Capital, Oaktree Capital Management, and Sachem Head Capital Management.
Micron Technology rebounds to close positive after steep intraday drop
Micron Technology (MU) shares recovered from a 9.6% sell-off in early trading to finish Monday's session in positive territory.
Hedge Funds Dump US Tech Stocks at Record Pace, Goldman Sachs Says
Hedge funds sold the most US information technology equities on record in the week ending June 25, according to Goldman Sachs, surpassing the August 2024 correction period. Exposure to Magnificent 7 stocks fell to 14.5%, near a three-year low.
AI Boom Woes Spotlight Economic Moats of Magnificent Seven
The Magnificent Seven now makes up 33.7% of the S&P 500. Growing concerns over AI boom durability are shifting investor focus to the long-term value of economic moats.
Equal-Weight S&P Ends at New High as Market Rotation Continues
The equal-weight S&P 500 closed at a new record high while cap-weighted indices fell, signaling continued rotation from mega-cap growth into the broader market.
Verizon Expects $700M-$800M Loss in Q2 2026, SEC Filing Shows
Verizon Communications disclosed in an SEC filing that it anticipates a loss of $700 million to $800 million for the second quarter of 2026, driven by severance and asset rationalization charges.
S&P 500 Extends Drop on Tech Bubble Fears, Fed Tightening, Middle East Tensions
The S&P 500 fell to two-week lows amid concerns over a tech bubble, the Federal Reserve's hawkish stance, and escalating conflict in the Middle East. The Philadelphia Semiconductor Index saw its worst weekly performance since April.
Dow Jones Futures Rise on Easing Middle East Tensions
US index futures advanced during European trading hours on Monday as market sentiment rebounded on signs of easing geopolitical tensions. Dow Jones futures gained 0.33% to near 52,400, while S&P 500 futures climbed 0.65%.
S&P 500 Tech-Led Correction After Chip Rout – Deutsche Bank
Deutsche Bank reports that the S&P 500 and Nasdaq fell last week amid a global tech sell-off, pushing the Magnificent 7 into correction territory. Chipmakers led the decline as the Philly Semiconductor Index slumped despite Micron's revenue release.
SK Square Shares Drop 8% on Selling Pressure
SK Square shares fell 8% amid strong selling pressure and broader market caution, with sentiment in the tech segment remaining weak.
Monex Group Tightens Executive Pay-Performance Link in Governance Overhaul
Monex Group announced governance reforms strengthening the link between executive compensation and company performance.
US Court Dismisses Dulles Greenway Rate Case; Trip II Weighs Appeal
A U.S. court has dismissed the federal litigation over the 2024 Dulles Greenway rate case, while Trip II is deliberating whether to appeal the ruling. Legislative reforms now allow toll applications of up to two years with defined SCC timelines.
Karoon Energy Revises 2026 Capex to $178-202M, Sees Cost Savings
Karoon Energy updated its 2026 capital expenditure guidance, projecting total spending between $178 million and $202 million, with detailed allocations for its Baúna, Who Dat, and Neon assets. The company also anticipates lower sustaining capital needs at Baúna and annual operating cost savings of $30-40 million following the FPSO transition.
Kunlunxin, Baidu's AI Chip Unit, Targets $50B Hong Kong IPO
Baidu's AI chip subsidiary Kunlunxin is targeting a $50 billion valuation in a Hong Kong IPO, with subscribers required to pledge chip acquisitions worth 3-7 times their investment.