The S&P 500 closed at a record high after July payrolls fell by 23,000, much weaker than expected, reducing the chances of a Federal Reserve rate hike in September to about 44%. Lower oil prices, progress on a Hormuz Strait agreement, and strong earnings with an 85.1% beat rate supported the market rally, especially in technology, consumer discretionary, and materials sectors. However, inflation concerns remain, and any setbacks in oil supply talks or Fed policy could reverse gains. The market now watches if oil prices stay low and if the Fed accepts the weaker jobs data as it influences future rate decisions.
The Schwab U.S. Large Cap Value ETF (SCHV) is outperforming major U.S. indexes in 2026, driven by key holdings like Micron Technology and Berkshire Hathaway. Micron benefits from AI demand and trades at a discount to the S&P 500, supported by strong ...
Travis Kalanick, Uber's co-founder, is preparing to return to the ride-hailing industry through his new startup, Atoms, which focuses on robotaxi technology. Atoms recently secured $1.7 billion in funding and is recruiting autonomous vehicle engineer...
Solana announced that the ARB token is now available for trading on its network through Sunrise, offering traders another venue with claims of tighter spreads and lower fees. This development sparked a debate between Solana cofounder Anatoly Yakovenk...
First Solar (FSLR) has underperformed the S&P 500 since February despite positive policy support and steady guidance. The company's valuation, excluding a 45X outlier, is reasonable with EV/EBITDA between 20x-25x, and both revenue and profit margins ...
Liquid Network experienced an unusual peg-out of about 3,996 BTC valued at $318.4 million, with the actors behind the withdrawal claiming to be "whitehats." Ledger CTO Charles Guillemet challenged this claim, noting that legitimate security researche...
