Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Live: US stocks decline as Iran blockade resumes; oil climbs past $80
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Strategy bitcoin sales shine light on faltering crypto hoarding companies
Crypto treasury firms face mounting pressure as falling bitcoin prices erode valuations and investor confidence. Strategy’s fresh sales plan has revived scrutiny of the digital asset treasury model, with declining mNAV, weak trading volumes and liquidity concerns raising doubts about sustainability amid macro headwinds and tighter financial conditions.
SBI Funds Management IPO set to open: GMP signals 16% listing gain; Check price band, key dates & details
SBI Funds Management will launch its Rs 11,692.91 crore IPO on July 14. Investor enthusiasm is building in the grey market, indicating a premium. The price band is set at Rs 545-574 per equity share for this offering. This public issue is entirely an Offer for Sale by selling shareholders. The shares are tentatively scheduled…
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Live: US stocks slip as Iran tensions hit sentiment; chipmakers drop
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Fed’s Waller says higher rates possibly needed in ‘near term’
Federal Reserve Governor Christopher Waller signalled that interest rates may need to rise in the near term if inflation remains elevated. He warned that broadening price pressures and a potential surge in energy costs could delay progress toward the 2% target, keeping the Fed at a critical policy crossroads.
Gold drops more than 1% as rising Middle East tensions add to rate-hike fears
Gold prices saw a notable decline amidst rising tensions in the Middle East, driven by concerns over inflation linked to escalating oil prices. The prospect of an interest rate hike from the Federal Reserve in September is keeping traders on edge as they await crucial economic data releases this week. Prices for other precious metals…
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Live: Oil gains over 4% as Trump says US reinstating Iran naval blockade
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US stocks today: S&P 500, Nasdaq decline as Iran tensions jolt sentiment; chip stocks fall
On Monday, stock markets dipped as rising oil prices intensified due to increasing tensions between the U.S. and Iran. This surge in oil costs exacerbated the ongoing decline in chip stocks, heavily weighing on the Nasdaq index. Investors are now tasked with weighing strong corporate earnings against escalating geopolitical uncertainties.
SK Hynix US-listed shares slip nearly 8% as Nasdaq debut euphoria cools
SK Hynix’s US-listed shares fell nearly 8% after a strong Nasdaq debut, as investors booked profits in AI-linked chip stocks. The decline triggered broader weakness across global semiconductor stocks, with sharp losses in Seoul and the US, reflecting growing concerns over valuations and sustainability of AI-driven demand.
Ahead of IPO, Millworks Tech raises nearly Rs 44 cr from anchor investors
Millworks Technologies has successfully garnered Rs 44 crore from its anchor investors ahead of its public offering set to commence on July fourteenth. This large-scale IPO, amounting to Rs 160.33 crore, will close on July sixteenth. Renowned for its precision components across multiple sectors, the firm plans to utilize the raised funds to bolster capital…