Business News

New Fed Chair Kevin Warsh heads into his first Federal Open Market Committee meeting on June 16–17 under growing pressure from within the central bank itself. Warsh took the helm widely expected to steer the Fed toward lower interest rates, but the policy landscape has shifted sharply in recent weeks. Multiple Fed officials have publicly…

The semiconductor sector endured its most brutal single-day rout in six years on June 6, 2026, dragging major indexes sharply lower across Wall Street. The iShares Semiconductor ETF dropped 10% on the day, marking its worst performance since March 2020, as panic selling swept through the once-dominant chip trade. Marvell Technology (MRVL) fell more than…

Bitcoin is struggling to attract fresh capital as momentum-driven traders shift their attention toward artificial intelligence stocks and anticipated IPOs. Jim Ferraioli, Director of Digital Currencies Research and Strategy at Charles Schwab, says the cryptocurrency’s recent underperformance has little to do with fading institutional demand. Instead, Ferraioli argues that bitcoin has simply lost its standing…

Friday’s brutal selloff wiped $1.8 trillion from the S&P 500 (SPX) as a collapse in semiconductor shares sent shockwaves across Wall Street’s major indexes. The Nasdaq Composite fell 1,121.53 points, or 4.18%, to 25,709.43, marking its worst single session since April 2025. The S&P 500 shed 200.57 points, or 2.64%, closing at 7,383.74, its steepest…

Streaming services are largely stepping back in June 2026, ceding primetime real estate to the FIFA World Cup, the most-watched sporting event on the planet. A handful of major exceptions are mounting a challenge, including HBO’s “House of the Dragon,” Apple TV+’s “Cape Fear,” and Hulu’s “The Bear,” which each carry significant audience expectations heading…

The U.S. stock market suffered its worst single day since October as a sweeping sell-off in major technology companies dragged down the broader market. A stronger-than-expected jobs report intensified fears that the Federal Reserve could be forced to raise interest rates at some point this year. The S&P 500 dropped 2.6%, marking its steepest one-day…

The Vanguard S&P 500 ETF (VOO) has become the first ETF in history to surpass $1 trillion in assets under management, a landmark milestone for passive investing. A $1.7 billion inflow in a single session pushed VOO above the $1 trillion threshold, according to data compiled by Bloomberg, making it the only ETF ever to…

The quarterly rebalancing of the S&P 500 remains one of the most closely watched scheduled events for traders and long-term investors across Wall Street. A committee at S&P Dow Jones Indices rebalances the S&P 400, 500, and 600 on the third Friday of March, June, September, and December each year. Index funds are required to…

SpaceX is moving forward with what is expected to be the largest initial public offering in history, targeting a staggering $1.77 trillion valuation at launch. The company plans to raise $75 billion in fresh capital by selling more than 555 million shares priced at $135 apiece, setting an ambitious benchmark for the offering. Only 5%…

Many retirees believe they have secured a comfortable, worry-free future when they sign contracts with continuing care retirement communities, known as CCRCs. These communities promise a full continuum of care, from independent living to skilled nursing, all in exchange for a substantial upfront entrance fee. However, a growing number of residents are discovering that the…