- Market Briefing
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- Page 19
Market News
Billions at stake
Roaring Kitty’s YouTube return puts billions on the line for GameStop, jobs report Is set to confirm steady slowdown, ECB cuts interest rates for the first time in 5 years, Starbucks teams up with Grubhub to reverse sales slump, and short bets against Nvidia stand at $34 billion...
TXSE takes on NYSE
Citadel and BlackRock back starting National Stock Exchange in Texas, India's stock markets erase $371 billion in a single day, Amazon’s first US labor union affiliates with Teamsters, Tesla plans to spend $3-$4 billion on Nvidia hardware this year, and E*Trade spurs backlash for threatening to oust 'Roaring Kitty' off platform...
Election-strewn June
E*Trade considers kicking meme-stock leader off platform, Wall St tests market fallout of a Trump-Biden rematch, Microsoft confirms layoffs in cloud, mixed reality groups, Paramount and Skydance agree to terms of merger deal, and Berkshire stock drops 99.9% due to NYSE technical glitch...
All eyes on GME
GameStop set to jump as 'Roaring Kitty' reveals $180M position, Nvidia announces next-Gen AI Platform for 2026, Key engines of consumer spending are losing steam all at once, penny stock trading boom prompts warnings of frothy markets, and homebuyers are starting to revolt over steep prices...
Emerging market picks
Goldman sees India’s stocks, bonds and Rupee as top emerging market picks, Salesforce plunges 16% on first revenue miss in 18 years, Wall St says shift to faster trade settlement smooth so far, US firms grow more pessimistic on economic outlook, and McDonald’s says average menu item costs 40% more than 2019...
Markets shift to T+1 trading
Wall Street returns to T+1 stock trading after a century, Elon’s xAI raises $6 billion in race against ChatGPT, China creates $47.5 billion chip investment fund - its largest-ever, gold and silver poised to resume uptrend, and Alibaba's AliExpress signs David Beckham as new brand ambassador...