Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated…
CoinDesk’s president of indices and data has a message for investors: Don’t count out bitcoin. “When I got my first smartphone, which is a great example of a disruptive technology that has been incorporated into my life, I didn’t get the smartphone and say, ‘This thing is garbage because I can’t get a taxi in…
Artificial intelligence is giving tech investors an entirely new reason to pay attention to the Federal Reserve. For years, megacap tech companies with hefty balance sheets have been able to shrug off rising rates, which tend to weigh more heavily on smaller, less-profitable peers. But companies that were once cash cows are depleting reserves and…
SpaceX Executives ring the Closing Bell at the Nasdaq on the debut of their IPO on June 12th, 2026. Adam Jeffery | CNBC SpaceX’s IPO didn’t just mint the biggest debut in market history — it also triggered a leveraged ETF historic land grab. Within days of SpaceX going public, competing fund firms launched 11…
The Federal Reserve gave Wall Street a reality check this week, but the S & P 500 refused to let go of its back-to-back weekly wins. Positive war developments paved the way. The S & P 500 jumped 1.1% on Thursday as investors brushed off monetary policy concerns from the session before, which caused a…
The Strip, The Sphere and full replica of the Eiffel Tower in daytime Strekoza2 | Istock Editorial | Getty Images A sparsely-populated state known for its world-class casinos and dry desert climate has been a bright spot in the tepid U.S. job market. Nevada‘s workforce grew 1.9% from April 2025 to 2026, the highest of…
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Wednesday’s Federal Open Market Committee statement looked drastically different than those issued after previous meetings, offering one…
CNBC’s Jim Cramer said Tuesday that investors flocking to SpaceX are betting on Elon Musk’s ability to create transformative businesses — not the company’s current earnings power. “The stock is called SpaceX, but it might as well be called Elon Musk,” the “Mad Money” host said. SpaceX has quickly become one of the world’s most…
Stock Chart IconStock chart icon Cava’s year-to-date stock performance. CAVA: “Yes, you want to buy Cava. I think it’s the best of the new concepts. I think there’s something there for everybody. There really is. It’s tasty, clean, fun.” Stock Chart IconStock chart icon Immunitybio’s year-to-date stock performance. Immunitybio: “I will tell you, that’s going…
SpaceX has been fast-tracked to enter several major stock market indexes and that could eventually ground its stock performance in the broader fundamentals of the tech sector. But before SpaceX goes into those indexes in coming weeks, market forces – amplified by derivative securities based on the stock and maneuvers by big-money investors – could…
