Marvell Technology jumps 9% after joining the S&P 500, driving a tech rebound amid strong AI-driven chip demand. U.S. markets saw a modest rebound led by tech megacaps, with chipmaker Marvell Technology surging 9% following its inclusion in the S&P 500. However, 60% of the
Beijing plans to spend 2 trillion yuan to build nationwide data centers, aiming to accelerate domestic AI development and reduce reliance on US tech. China will invest approximately 2 trillion yuan ($295 billion) over the next five years to construct a network of data cent
The approval allows IGI to expand into India’s fast-growing market, adding a reinsurance branch in Gujarat’s financial hub later this year. International General Insurance (IGI) has secured regulatory approval to establish a reinsurance branch in India’s GIFT City, a finan
Nio reported 98% year-over-year delivery growth and improved margins, yet its stock declined amid broader China auto market weakness. Nio (NIO) shares fell 12.4% in May despite strong execution, including a 98% year-over-year surge in Q1 deliveries to 83,465 units. Vehicle
BTC falls 20% in a month amid tech sell-off, with SpaceX’s upcoming IPO cited as a potential catalyst for outflows. Bitcoin slid below $60,000 for the first time since September 2024, mirroring a 4.2% decline in the Nasdaq Composite as tech stocks retreated. The drop exten
CoreWeave executives sold $2.3B in stock since IPO CoreWeave's executives have sold over $2.3B worth of their holdings since the company's lockup period expired. The sales include those by co-founders Michael Intrator, Brannin McBee, and Brian. The company's lock
SpaceX IPO Alpha: Biggest Listing, Biggest Arbitrage Opportunity The $1.77tn SpaceX IPO is the largest in history—and while retail chases hype, pro traders are capturing the biggest arbitrage opportunity of the summer. 1️⃣ The Rebase Arb: Binance's pre-IPO contract rebases;...</p
The UK tech firm reported 8% organic order growth and raised its margin target for Advanced Technologies to 12-15%. Oxford Instruments posted full-year results slightly ahead of expectations, driven by an 8% rise in group orders on an organic constant-currency basis. Gross
Investors eyeing short positions on SpaceX’s debut may face challenges due to strong retail and institutional demand and a lofty valuation. SpaceX’s upcoming IPO, valuing the company at $1.75 trillion, presents a risky bet for short sellers despite its high price-to-revenu
Average 30-year fixed mortgage rates rise 3 basis points to 6.41%, with broader increases across most loan types. Average US mortgage rates rose across most loan types on June 9, 2026, reflecting upward pressure in the bond market. The 30-year fixed rate increased 3 basis
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