S&P 500 closes at record despite Nvidia’s post-earnings dip
The S&P 500 posted another record close, rising 0.3% on Thursday. That’s despite the biggest stock in the world, Nvidia, falling a little less than 1% after reporting solid but unspectacular Q2 result...
American Bitcoin, backed by Trump’s eldest sons, set to start trading soon
American Bitcoin, the subsidiary backed by Eric Trump and Donald Trump Jr., is set to begin trading on the Nasdaq in early September via an all-stock merger with Gryphon Digital, Reuters reported , n...
CoreWeave soars as a supply-constrained Nvidia may be more good news than bad
is surging in early trading on Thursday, up 6.3% as of 10:00 a.m. ET. That’s despite Nvidia, one of its biggest investors and a close partner to the recently IPO’d cloud computing company, being modes...
S&P 500 extends losing streak to five sessions
The S&P 500 fell 0.4% and the Nasdaq 100 gave back 0.5% while the Russell 2000 outperformed with a 0.2% advance. The benchmark US index has now declined for five straight sessions, tying its longest l...
Retail traders dumped momentum stocks during Tuesday’s rout with first net selling in two months
During Tuesday’s momentum stock mangling , retail traders did something they haven’t done in two months, according to JPMorgan: sell stocks. “Notably, the retail investor behavior changed during the T...
HP Enterprise jumps on upgrade to “buy” from Morgan Stanley
Shares of are up nearly 3% as of 10:10 a.m. ET, the second-best-performing stock in the S&P 500, after the server and networking company got a fresh vote of confidence from Wall Street. Morgan Stanle...
CoreWeave rallies as Jane Street reveals 5.4% stake
Before all that recent selling in shares due to the IPO lockup period expiring , there was also a big buyer. Quantitative trading and market-making firm Jane Street accumulated a passive position of ...
Shein wants to move back to China to secure a Hong Kong IPO
New York looked like a no-go and London was taking too long — now, years into its scrambling efforts to secure a place on the public market, Shein is planning to move its base back to China to nail do...
Chamath’s Social Capital gets back into SPAC game with “American Exceptionalism Acquisition Corp”
Chamath Palihapitiya is back in the arena trying stuff . The same stuff that didn’t work for most investors who followed his lead, but did very well for his venture capital firm Social Capital. With S...
Nakamoto buys $679 million in bitcoin in its first purchase as a public company
Bitcoin is struggling to regain momentum, and has been stuck in the $114,500 to $116,500 range over the past 24 hours. Nonetheless, VanEck analysts said that despite this pullback , they are sticking ...
This looks like the massive post-lockup CoreWeave selling that traders were worried about
More than 10 million shares of changed hands in after-hours trading on Thursday, pushing the recently slammed stock down yet again prior to a nice bounce at the open on Friday. This really looks like...
Circle jumps after beating on revenue in its first earnings report
Circle, which had a mammoth IPO in June, released its first earnings report as a public company, beating analysts’ revenue estimates but missing on earnings-per-share estimates. The stock jumped over ...
Shopify overtakes RBC to become Canada’s most valuable public company
Thanks to an impressive quarter that sent shares soaring on Wednesday, the e-commerce platform has become Canada’s most valuable company, beating the Royal Bank of Canada to the top spot. After its e...
SoFi tumbles after announcing $1.5 billion stock offering
slid 8% in premarket trading on Wednesday after it announced plans to sell $1.5 billion of stock. The company is reportedly planning to offer its shares for $20.85 to $21.50 apiece, per Bloomberg , wh...
Sun’s Tron jumps 18% on $1 billion shelf offering filing
Justin Sun’s Tron blockchain network filed a $1 billion mixed shelf S-3 offering with the SEC, including common stock, preferred stock, debt instruments, and warrants, regulatory filings show. Shares...
Why CoreWeave announcing the date of its Q2 earnings actually matters
, the recently IPO’d provider of access to Nvidia’s GPUs, announced on Wednesday that it will be releasing earnings on August 12 after the market closes . Normally, we would not write about companies ...
MicroStrategy announces initial public offering of 5 million shares of STRC
, the firm previously known as MicroStrategy, announced Monday after market close that it’s offering 5 million perpetual preferred shares to raise more cash for corporate purposes and to, well, perfo...
Ether Machine to launch via SPAC deal with $1.5 billion backing and 400,000 ethereum
A newly formed public company, The Ether Machine, created via a blank-check company merger with , will trade on the Nasdaq under the ticker symbol “ETHM.” The deal is “expected to deliver over $1.6 ...
Block soars on news it’s joining the S&P 500
Fintech giant rose roughly 10% in aftermarket trading on news that the company is set to replace Hess in the S&P 500 on Wednesday, July 23. The announcement from S&P Global came after trading hours o...
Adam Back-led bitcoin treasury company to go public via Cantor SPAC in $1.5 billion PIPE deal
After days of rumors, the Adam Back-led Bitcoin Standard Treasury Company announced it has entered into a definitive agreement for a business combination with via a SPAC, in a $1.5 billion PIPE finan...