Page 6 - Us Stock Markets

$1 trn rout hits Nasdaq 100 over AI jitters in worst day since 2022

The Nasdaq indexes tumbled more than 3% for the worst days since October 2022

Are global financial markets ready for Trump trade? What analysts say

As a sign of continuity at the US Federal Reserve (US Fed), however, Trump, reports suggest, wants Jerome Powell to continue till his term ends

OpenAI whistleblowers ask SEC to examine firm's agreements with employees

OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission and asked the agency to investigate whether the ChatGPT maker illegally restricted workers from speaking out about the risks of its artificial intelligence technology. A letter to SEC Chair Gary Gensler representing one or more anonymous and confidential whistleblowers asks the agency to swiftly and aggressively enforce its rules against non-disclosure agreements that discourage employees or investors from raising concerns with regulators. The July 1 letter references a formal whistleblower complaint recently filed with the SEC. The Washington Post was the first to report on the letter. US Sen. Chuck Grassley's office shared a copy of the letter with The Associated Press, noting it was provided to his office by legally protected whistleblowers. OpenAI's policies and practices appear to cast a chilling effect on whistleblowers' right to speak up and receive due compensation for their protected .

Nvidia investor dilemma: How much is too much in a stock portfolio?

Funds that owned Nvidia have so far reaped the benefits

Global markets on alert for Biden's exit as Trump-victory trades mount

The recalibration of portfolios kicked off at the end of last week after Biden's disastrous debate with Trump heightened concerns the 81-year-old Democrat is too old to serve another term

Amazon hits $2 trillion valuation milestone on AI fervor, rate cut bets

The e-commerce giant becomes the fifth company to achieve the $2 trillion valuation milestone

Dip in non-investment grade paper marks improved balance sheets of firms

Category has lower share than before among rated instruments

S&P 500 ends lower, European stocks wrap up biggest weekly loss of year

The dollar gained ground against a basket of world currencies, while the euro saw its largest Friday-to-Friday drop against the dollar in two months

BlackRock, Citadel Sec-backed group to start new stock exchange in Texas

The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange Commission (SEC) later this year

Brazil pushes out Petrobras CEO, names ex-regulator to top job; shares dip

New York-listed shares of Petrobras fell more than 6% in after-hours trading as news broke that Prates was headed for the exit

EQT to acquire digital consultancy firm Perficient for nearly $3 bn

Perficient's shares will no longer trade on the Nasdaq stock exchange after the deal closes, the companies said

SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with massive fraud though not for any work it performed for former President Donald Trump's media company. The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, of deliberate and systematic failures in more than 1,500 audits. The charges include failing to abide by accounting rules, fabricating documentation to cover up its shortcomings, and falsely stating in audit reports that its work met audit standards. BF Borgers agreed to pay a USD 12 million fine while its owner agreed to pay a fine of USD 2 million. Trump Media named Borgers as its auditor on March 28, according to the company's most recent annual report filing. The company disclosed at the time that Borgers had also handled its audits before the company went public by merging with a cash-rich shell company called Digital World Acquisition Corp. The company had

Trump's media firm's first month of trading sends investors on a ride

There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it's clear that like the man it's named after there's nothing typical about the stock. If I woke up tomorrow and shares were zero dollars, or $100, I would not be surprised, said Matthew Tuttle, a professional investor who bought $800 in Trump Media stock last week when it was at an all-time low. A day later, it had spiked in value. This is not going to move on fundamentals, earnings, or anything I was taught in business school about how a stock is supposed to move," he said. With Trump facing dozens of federal felony charges and hundreds of millions in legal expenses, Trump Media went public on March 26 on the Nasdaq exchange. Unlike many other stocks, it has been hard for traditional analysts and investors to figure out where it's heading. Here are some key takeaways from experts and regulator filings that help explain

SEC targets its own staff's texting, nixes WhatsApp office phones

The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others

SEC abused its authority in case against crypto platform, says US judge

An SEC spokesperson said the regulator is reviewing the decision

Reasonable valuations, potential US rate cuts bode well for tech funds

Mitigate inherent volatility with limited exposure and a long horizon

Eli Lilly closer to joining Magnificent Seven in $1 trn market cap club

"Could Lilly be the first $1 trillion biopharma stock?" Morgan Stanley's Terence Flynn and colleagues asked in a note to clients. "We continue to see a path for further upside"

Dip in US inflation expectations keeps Dollar steady, bitcoin holds gains

A reading on U.S. inflation is due later in the week, which will likely provide further clarity on how much room the Fed has to ease rates this year

Global stocks set to snap 9-week winning streak on interest rate rethink

Europe's Stoxx 600 index sank 0.9% and government bond yields in the euro zone and United States rose sharply as prices of the interest rate-sensitive debt securities fell

US big tech's dominance in stock market hits breakpoint for Nasdaq 100

The seemingly unstoppable growth of megacaps like Apple Inc. and Microsoft Corp. mean they have breached an upper limit imposed on stocks in the Nasdaq 100