US Politics & Business News
The technology sector endured its steepest selloff of 2026 in early June, with the Nasdaq Composite plunging 4% on June 5 alone. That single-session decline marked the Nasdaq’s worst performance since April 2025, rattling investors who had grown accustomed to a prolonged AI-fueled rally. The Philadelphia Semiconductor Index plummeted more than 10% that same day,…
Nike (NKE) is facing fresh pressure from Wall Street after RBC Capital Markets cut its price target on the athletic apparel giant just one day before the World Cup begins. RBC lowered its 12-month price target on Nike from $70 to $50, citing slower-than-expected revenue growth as the primary reason behind the downgrade. Shares in…
Oracle (ORCL) shares fell in after-hours trading after the company reported its fourth-quarter and full fiscal year 2026 results, despite posting record revenues across key metrics. The tech giant reported Q4 total revenues of $19.2 billion, representing a 21% increase in USD terms, while non-GAAP earnings per share grew 24% to $2.11 for the quarter….
The question of how much friends should know about your financial situation is one many affluent Americans quietly wrestle with every day. One reader submitted a letter to MarketWatch’s Moneyist advice column describing how she and her husband actively downplay their financial comfort around their social circle. The couple pretends to be strapped for cash,…
SpaceX is moving forward with a landmark IPO, planning to raise roughly $75 billion at $135 per share, implying a valuation of approximately $1.75 trillion. Trading is expected to begin June 12, positioning the offering as one of the most consequential market events in recent memory. At that valuation, investors are not buying an undiscovered…
Amazon.com has entered a $17.5 billion delayed draw term loan credit facility agreement, with Citibank N.A. serving as administrative agent on the deal. The agreement was signed on June 8 and disclosed in a filing with the Securities and Exchange Commission, with Amazon stating the funds are intended for general corporate purposes. Lenders participating in…
SpaceX is preparing to launch one of the most anticipated public offerings in market history, targeting a valuation of roughly $1.75 trillion at $135 per share. The company plans to raise approximately $75 billion, with trading expected to begin on June 12, according to reporting on the deal. Jia Hao, an associate professor of finance…
The consumer price index rose 4.2% annually in May 2026, marking the highest inflation reading since April 2023, according to the Bureau of Labor Statistics. The monthly CPI gain came in at a seasonally adjusted 0.5%, matching Dow Jones consensus expectations but falling 0.1 percentage point below the April reading. Energy prices were the dominant…
Barclays strategists are sounding alarms over a proprietary gauge of market exuberance that has surged to its highest level in roughly two decades. The equity euphoria index, developed by Barclays strategists led by Venu Krishna, measures the percentage of stocks currently trading in what the bank calls “euphoric territory.” The indicator recently climbed to 10.7%,…
The 2026 Social Security and Medicare Trustees Report projects the Old-Age and Survivors Insurance Trust Fund will be depleted by the fourth quarter of 2032. Once that threshold is hit, ongoing payroll tax revenue would cover only 78% of scheduled benefits, triggering an automatic 22% across-the-board cut without congressional action. The report was released by…