A trader flips bullish on HYPE, ZEC, and NEAR after incurring a $46.46 million loss from a stubborn short position. A crypto trader known as loracle.hl closed a $46.46 million short position on Hyperliquid’s HYPE token, locking in the loss after the asset’s rally. The trad
Britain’s fiscal watchdog warns borrowing will rise sharply due to escalating energy costs from the Iran conflict. The UK Office for Budget Responsibility (OBR) revised its borrowing forecasts upward, citing heightened energy price risks from the Iran war. The agency ackno
Macy's reported adjusted EPS of $0.13, beating estimates of $0.03, and raised its full-year guidance on strong Bloomingdale's performance. Macy's Inc. (NYSE:M) reported first-quarter adjusted earnings per share of $0.13, surpassing analyst estimates of $0.03. Net sales rea
Memory chipmakers surge as high-bandwidth memory demand fuels record valuations amid AI supply chain expansion. Micron Technology and SK Hynix both surpassed $1 trillion in market capitalization within a day, driven by soaring demand for high-bandwidth memory chips critica
Sandisk's market cap jumps to $265 billion Sandisk's market value has increased significantly, from $7.3 billion to $265 billion, due to a surge in demand for memory. The company's earnings per share were $23.41 in the first quarter, exceeding expectations of $14.6
DBS Research projects India’s real GDP growth will moderate in Q1 and Q2 2026 due to weaker industrial activity and trade. India’s real GDP growth is expected to ease to 6.9% year-on-year in the first half of 2026, down from 7.8% in the October-December 2025 quarter. The s
The sale by board member Kristina M. Johnson reduces her direct holdings to zero while retaining indirect ownership. Infleqtion (NYSE:INFQ) director Kristina M. Johnson sold 50,000 shares for approximately $854,000 on May 28, 2026, according to an SEC Form 4 filing. The tr
Stronger-than-expected US private payrolls and services PMI data lift USD demand, pushing EUR/USD to 1.1607. EUR/USD extended its decline to 1.1607 on Wednesday, pressured by robust US economic data that bolstered expectations for a hawkish Federal Reserve. The US Dollar I
The SPDR S&P Semiconductor ETF turned a $10,000 investment into $27,000 amid the AI-driven chip rally. The SPDR S&P Semiconductor ETF (XSD) closed at $613.05 on May 29, 2026, up 171% from $226.42 a year earlier. A $10,000 investment in May 2025 would now be worth approxima
Morningstar research cuts SpaceX’s worth by 55% citing AI unit losses and high capital spending. A Wall Street analyst estimates SpaceX’s valuation at $780 billion, 55% below the projected $1.75 trillion IPO range. The assessment follows the company’s recent financial disc
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