Retail investors drive SpaceX shares up 16% despite concerns over valuation and unresolved technical challenges in its space data center plans. SpaceX shares surged $25 to $185, a 16% gain, as retail investors piled into the stock following its IPO. The rally lifted the co
Crude settles at $80.75 after breaking below critical support, signaling potential further declines amid rising global supply expectations. Crude oil prices fell $4.13, or 4.9%, to settle at $80.75, breaking below a key support cluster near $85.45-$86.71. This zone had act
US oil exports hit 14.5 million barrels per day in May Oil exports from the US and the Americas reached a record high of 14.5 million barrels per day in May. This increase is attributed to the decline in crude output from the Middle East. The rise in US exp
Goldman-backed trader reports €2.95 million pre-tax profit for 2025, missing targets as European energy volatility declines. Danish energy trader InCommodities posted a 2025 pre-tax profit of €2.95 million, down from €72.5 million a year earlier. The company cited reduced
Crypto treasury firm BitMine adds 76,881 ETH in a week, nearing 5% of circulating supply despite unrealized losses. BitMine increased its Ether holdings by 76,881 ETH last week, bringing its total to 5.62 million tokens valued at $10.2 billion. The purchase occurred as ETH
The move follows a $60 trillion global trading volume in 2025 and aims to shift crypto derivatives trading to regulated US venues. Kraken has introduced Commodity Futures Trading Commission-regulated perpetual futures for US traders, leveraging its acquisition of crypto de
US Dollar slips to one-week low near 99.38 The US Dollar trades lower against major peers as traders reduce safe-haven positions following a US-Iran peace deal. The US Dollar Index slipped to a one-week low near 99.38, but remains supported by a hawkish Fed outlook.
USD/CAD dips slightly but Canadian dollar underperforms as crude prices drop and trade deal uncertainty persists. The Canadian dollar shows muted gains against the USD despite easing geopolitical tensions, as WTI crude oil falls $4.46 to $80.42. The decline follows expecta
Fox buys Roku in a $22 billion deal Fox is purchasing Roku, a streaming company, for $22 billion. The deal will be funded with new debt and cash on hand, backed by a $12 billion temporary loan. The acquisition marks a shift in media M&A from content ownership to con
The Australian Dollar rises 0.46% against the US Dollar as risk sentiment improves amid preliminary US-Iran peace talks. The AUD/USD pair advanced to 0.7080 on Monday, marking a 0.46% gain as the US Dollar softened. Improved risk appetite drove the move, fueled by reports
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