Key Takeaways The S&P 500 ended Wednesday with a loss of less than 0.1% on Wednesday, June 18, 2025, as the Fed held interest rates steady and updated its economic forecasts. Coinbase shares pushed higher a day after the Senate passed a bill providing a framework for stablecoin issuers. The potential disruption to the payment…
Biggest S&P 500 Movers on Wednesday 9 hr 18 min ago Advancers Shares of Coinbase Global (COIN), operator of the largest U.S. cryptocurrency exchange, soared 16%, notching the S&P 500’s top daily performance. The surge for the stock came a day after the Senate passed the GENIUS Act, providing a regulatory framework for companies issuing stablecoins. The legislation…
Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Hong Kong’s Hang Seng index led declines in Asia-Pacific markets Thursday, falling over 2%, as investors weighed the U.S. Federal Reserve’s decision to keep interest rates steady, while the ongoing…
TOKYO (AP) — Asian shares retreated Thursday as worries persisted about conflict in the Middle East. Ratcheting up tensions, President Donald Trump warned of the possibility of getting directly involved in the conflict with Israel, while Iran’s supreme leader rejected U.S. calls for surrender. Oil prices and U.S. futures declined. In Asian trading, Japan’s benchmark…
Key Takeaways Circle Internet Group shares surged Wednesday, a day after the Senate passed a bill that would set up federal boundaries for the use of stablecoins. The act would open up the use of stablecoins to banks and other businesses. The issuer of USDC stablecoins has seen its shares skyrocket since its initial public…
While cloud and chip stocks remain hot, I see a beaten-down artificial intelligence (AI) stock positioned for a comeback over the next six months. As of June 12, shares of electric vehicle (EV) manufacturer Tesla (TSLA 1.80%) have dropped by 21% on the year. On the surface, this doesn’t exactly inspire confidence. However, over the…
U.S. Steel has been acquired. That raises the inevitable question: Who gets the X? The deal, which makes the American company part of Nippon Steel, has closed, the companies confirmed Wednesday. The merger is significant for plenty of reasons, among them the protracted “will it happen or won’t it” soap opera that culminated in President…
Stocks bounced around and briefly dropped into the red as Federal Reserve Chair Jerome Powell said the economy is in a “solid position,” but highlighted the difficulty of forecasting the impact of tariffs. The Dow was flat after rising as much 200 points during Powell’s remarks and then dropping as low as 50 points. The…
Live Updates Live Coverage Updates appear automatically as they are published. Housing Market Teetering 10:20 am by Gerelyn Terzo Cracks are increasingly beginning to show in the U.S. housing market. New home construction activity tumbled last month, with housing starts plummeting by nearly 10% to their lowest level in five years. New home construction declined by…
Hard economic data is pouring rain on the market’s march back to record levels. Numbers out Tuesday showed retail sales declined 0.9% in May , more than the expected 0.6% slide. Data released Wednesday didn’t help either. Housing starts fell to an annual rate of 1.265 million in May, well below a Dow Jones estimate…