UBS Global Wealth Management pushed its first expected Federal Reserve rate cut into 2027, arguing that policymakers are unlikely to soften their message at this week’s meeting even after a US-Iran agreement eased pressure on oil markets. The wealth manager now expects two 25-basis-point reductions in March and June next year, instead of cuts in
Hyperliquid (HYPE) continued its upward momentum on Tuesday, rising for a sixth consecutive day and surging past the $70 level as bullish sentiment strengthens across the market. The latest rally is being supported by recurring inflows into HYPE-focused exchange-traded products, suggesting sustained institutional demand for the “everything exchange” token. ETF inflows rebound as institutional interest
Shares of SpaceX (SPCX) surged more than 10% in premarket trading on Tuesday, extending a blistering post-IPO rally and putting Elon Musk’s company on course to surpass Amazon in market value. The stock was last trading at $211.95, up 10.1% before the opening bell. If those gains hold, SpaceX would command a market capitalization approaching
US stock futures were little changed on Tuesday as investors paused after Monday’s record-setting rally and turned their attention to Kevin Warsh’s first Federal Reserve decision as chair. The market mood was still supported by lower oil prices after the US-Iran peace framework, but traders were reluctant to add risk before the Fed’s latest inflation
SpaceX (SPCX) has formally agreed to acquire artificial intelligence coding startup Cursor in a transaction that values the company at $60 billion. The acquisition advances Elon Musk’s efforts to strengthen his position in one of the fastest-growing segments of the AI industry. According to a company filing released Tuesday, Cursor investors will receive SpaceX stock
Pi Network (PI) has stabilized above $0.13500 on Tuesday following a modest weekend rebound. The coin maintains its recent 5% rebound from Saturday. However, the recovery remains fragile as buying conviction appears limited following a failed attempt to sustain a trendline breakout. Despite the short-term bounce, broader sentiment and on-chain indicators suggest the move lacks
Robinhood Markets said on Tuesday it will reduce its full-time workforce by roughly 10%, affecting about 290 employees, as part of a restructuring effort that comes despite record trading activity across several of its businesses. The online trading platform also said it would eliminate a small number of remaining open positions. Shares of Robinhood (HOOD)
Uniswap (UNI) token has returned to the spotlight after Standard Chartered initiated coverage of the decentralised exchange token with a long-term price target of $100 by 2030. The bank’s forecast immediately grabbed the market’s attention, helping UNI surge 13.8% in 24 hours to $2.99 and outperform the broader cryptocurrency market. The move was accompanied by
The crypto market has started the week well, with Bitcoin jumping above $66,000, and the valuation of all tokens jumping by 2.1% to $2.2 trillion. The 24-hour volume jumped by 31% to over $64 billion. Crypto market news: US-Iran deal The key crypto news this week is the US and Iranian peace deal that extends
SpaceX stock climbed in premarket trading on Monday after the Elon Musk-led company delivered a strong debut on the Nasdaq, with investors betting that upcoming index inclusions could provide another catalyst for gains. The stock rose about 6.7% before the opening bell, exceeding the $170 mark after ending its first trading session at $160.95 per