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Latest financial news from across the markets
Daily Market Overview
The stock market experienced a downturn as the S&P 500 fell 1.2%, reacting negatively to signals from the Federal Reserve under new Chairman Kevin Warsh, who kept interest rates steady but hinted at potential hikes later in the year. Treasury yields spiked, particularly for the 2-year note, raising concerns among investors. In corporate news, CarMax shares dropped despite beating earnings expectations, while Jim Cramer recommended buying shares of Vistra and highlighted a chipmaker that has surged over 200% this year. Additionally, geopolitical developments, including a peace deal between the U.S. and Iran, influenced oil prices, which fell amid expectations of increased supply.
Latest Market Updates
| Title | Published |
|---|---|
China to return as major oil buyer in August, JPMorgan says. Here are its top picks China to return as major oil buyer in August, JPMorgan says. Here are its top picks | less than a minute ago |
Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal | less than a minute ago |
Anthropicâs restrictions ignite sovereign AI debate in India Anthropicâs restrictions ignite sovereign AI debate in India | less than a minute ago |
Thursday's stock stories: Whatâs likely to move the market in the next session Thursday's stock stories: Whatâs likely to move the market in the next session | less than a minute ago |
CMEâs Terrence Duffy says company will sue CFTC over perpetual futures CMEâs Terrence Duffy says company will sue CFTC over perpetual futures | less than a minute ago |
Cramer's lightning round: Buy Vistra Cramer's lightning round: Buy Vistra | less than a minute ago |
Ford has a new battery business to ride the AI wave. Hereâs where Cramer stands on the stock Ford has a new battery business to ride the AI wave. Hereâs where Cramer stands on the stock | less than a minute ago |
China to return as major oil buyer in August, JPMorgan says. Here are its top picks
China to return as major oil buyer in August, JPMorgan says. Here are its top picks
Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal
Oil falls as International Energy Agency forecasts supply glut next year after U.S.-Iran deal
Anthropicâs restrictions ignite sovereign AI debate in India
Anthropicâs restrictions ignite sovereign AI debate in India
Thursday's stock stories: Whatâs likely to move the market in the next session
Thursday's stock stories: Whatâs likely to move the market in the next session
CMEâs Terrence Duffy says company will sue CFTC over perpetual futures
CMEâs Terrence Duffy says company will sue CFTC over perpetual futures
Cramer's lightning round: Buy Vistra
Cramer's lightning round: Buy Vistra
Ford has a new battery business to ride the AI wave. Hereâs where Cramer stands on the stock
Ford has a new battery business to ride the AI wave. Hereâs where Cramer stands on the stock