Get the stories that matter, delivered to your inbox.
What do you want alerts for?
Home / Markets & Trading
Stocks, bonds, crypto and the moves that drive them.
Markets & Trading SpaceX Shares Decline Amid Post-IPO Profit-Taking and Volatility Concerns WireByte SpaceX shares dropped over 6% on Thursday, continuing a decline after its initial public offering frenzy. Despite being over 30% above its offering price, analysts cite profit-taking and caution about early volatility due to high valuation and a small public float. Other space company stocks also experienced a downturn.
Markets & Trading Global Markets React to Hormuz Reopening and US Rate Hike Fears WireByte Global markets experienced mixed results as the Strait of Hormuz reopened, and concerns about a potential US Federal Reserve rate hike drove bond prices up. The US dollar hit a one-year high, while oil prices fell. Chipmakers, including Intel, surged as US President Donald Trump announced a domestic semiconductor production plan with Apple.
Markets & Trading Trillion-Dollar Meme Stocks Emerge in AI Era WireByte Trillion-dollar companies like SpaceX and Samsung Electronics are becoming meme stocks due to their volatile valuations, making them susceptible to market distortions. This phenomenon is a result of the agentic artificial intelligence era, where traditional valuation methods no longer apply. Analysts warn that these companies' sheer size can sink entire equity markets.
Markets & Trading Asian Markets Soar as AI Boom Attracts Global Investors WireByte A global AI boom is driving record stock market growth in South Korea, Taiwan, and Japan, with investors like Na Se-bin, a 24-year-old software developer, pouring millions into the market. Despite risks, she and many others are betting on the long-term potential of AI-related companies.