Market news
Crypto, stocks, forex and macro, aggregated for traders.
BYD Abandons Turkey Factory Plans After Tax Breaks, Sales Collapse
BYD, after benefitting from customs duty exemptions as a designated domestic producer and selling 45,000 vehicles in Turkey in 2025, is now walking away from its commitment to build a factory. Turkish sales have plunged 64% in early 2026, and local rival Togg has overtaken the brand.
Renta 4 Launches Platform to Invest in Cryptoassets
Renta 4 Banco launched a new platform for buying, selling and custody of cryptoassets including Bitcoin, Ethereum and Solana, built with Cecabank as custodian and Bit2Me handling execution.
BoursoBank Integrates Wero Into Its Payment Solutions
BoursoBank announced a partnership with the European Payments Initiative to integrate Wero, Europe's instant payment wallet, by end 2026, and will be the first French bank to offer Wero to minors aged 10-17.
Zerodha's referral program is back
Zerodha announced the return of its referral program, allowing existing clients to refer new users.
AI Stocks Rally Fails, Signaling Deeper Selloff Risk
Tuesday's attempted recovery in AI-related equities fizzled, confirming that Monday's bounce was a dead-cat rally and raising fears of further downside.
California American Water Reaches Partial Rate Case Settlement, $24M Additional Revenue Seen in 2027
California American Water announced a partial rate case settlement that would generate $24 million in additional annualized revenue by 2027 and increase customer assistance discounts to 50% in Central California, pending CPUC approval.
Dow Futures Rally Reverses as Chip Bounce Fades Before CPI
Dow Jones Industrial Average futures staged a round-trip rally on Tuesday, with a bounce in semiconductor stocks fading as markets turn focus to upcoming CPI data.
US Tech Stock Divergence Hits Historic Levels, Nears Dot-Com Peak
The performance gap between the top and bottom quintiles of US tech stocks has reached ~120 percentage points over three months, the second-highest on record and approaching the 2000 Dot-Com peak of ~135 points. The spread has quadrupled in the past year.
Cognizant (CTSH) Forecast: Key Support Could Drive Rally to $100+
Analysts see a technical pattern called 'blue box support' on Cognizant's chart, which could trigger a move above $100. The IT services firm operates in financial, health, product, and communications segments.
Tech and AI Snap Back After Strong Jobs, Rising Yields
Tech and AI stocks rebounded after a two-day selloff driven by strong US jobs data and rising bond yields, according to a market commentator.
Deutsche Bank: Tech Rebounds but Breadth Remains Weak
Deutsche Bank strategists note US equities stabilized after Friday's slump, led by the NASDAQ and semiconductor stocks, but overall market breadth remains weak.
Apple Unveils Siri AI at WWDC 2026, Launching Later This Year
Apple announced a new Siri AI assistant powered by Apple Intelligence at WWDC 2026. The English-language version will launch later in 2026, with features including personal context understanding, on-screen awareness, and real-time internet access.
Dow Futures Dip, S&P 500 and Nasdaq Rise Amid Cautious Mood
Dow Jones futures eased 0.02% during European hours Tuesday, while S&P 500 futures gained 0.21% and Nasdaq 100 futures rose 0.51%, reflecting a cautious market mood ahead of the US open.
Meta Zigzag Pullback Nears Key $522-545 Support Range
Elliott Wave analysis shows Meta's short-term rally from March 27, 2026 low as impulsive wave ((1)), with the current pullback as wave ((2)) approaching the $522-545 support zone. Upside is favored while price holds above this pivot.
Monex Group Completes KDDI Capital Partnership for Coincheck
Monex Group subsidiary Coincheck Group completed a third-party share allotment to KDDI, which now holds a 14.9% voting stake, as part of its cryptocurrency growth strategy.
OpenAI IPO Odds Surge to 48% for $1.5 Trillion Market Cap on Day One
The probability of OpenAI's IPO closing above a $1.5 trillion market cap on the first day of trading has jumped to 48%, following the company's IPO filing. The news highlights the accelerating AI revolution, with three potential trillion-dollar IPOs on the horizon.
Nvidia CEO Huang Says to Buy Qualcomm Stock: Report
A tweet from The Kobeissi Letter claims Nvidia CEO Jensen Huang advised buying Qualcomm ($QCOM) stock, adding that he spent the day selling others' stock.
Gilead and Merck announce positive Phase 3 data for once-weekly HIV treatment
Gilead and Merck reported positive Phase 3 results for their once-weekly oral HIV treatment islatravir/lenacapavir, with primary efficacy endpoints met at week 48 in both ISLEND-1 and ISLEND-2 trials.
Apple Announces Siri AI Beta, Home Intelligence, and Image Generation at WWDC
Apple revealed plans to launch a Siri AI beta later this year, along with Home app intelligence for camera clip analysis and photo-realistic image generation with personal library integration, at its WWDC event.
Eli Lilly's Oral GLP-1 Foundayo Outperforms Oral Semaglutide in Diabetes Trials
Eli Lilly's oral GLP-1 drug Foundayo showed 57.1% greater A1C reduction and 73.6% greater weight loss versus oral semaglutide across three pivotal diabetes trials. FDA submission is targeted by end of Q2.
Apple Says New Siri Will Improve Voice Dictation, Expand to CarPlay and AirPods
Apple announced that the new Siri will deliver a major improvement in voice dictation accuracy and extend its enhanced capabilities to CarPlay and AirPods, further expanding AI integration across its ecosystem.
Apple Unveils AI-Powered Siri with Cross-Device Context Awareness
Apple has introduced a new AI-driven version of Siri via Apple Intelligence, featuring enhanced conversational abilities and context awareness across devices, along with a dedicated Siri app for recalling past interactions.
Dow Jones Tracks Chip Rebound but CPI Looms
The Dow Jones Industrial Average traded nearly unchanged in European afternoon trading, with futures hovering around 50,750 after an overnight rally from 50,500 to 51,000 faded. Focus shifts to upcoming CPI data that could spoil the chip-driven rebound.
SpaceX IPO Valued at $1.75 Trillion Raises Hype Questions
SpaceX's upcoming IPO on June 12 carries a $1.75 trillion valuation, sparking debate over whether demand is genuine or manufactured.