President Donald Trump said on Monday that the United States would reinstate its naval blockade of Iranian ships and charge a 20% fee on cargo passing through the Strait of Hormuz, marking a major escalation in Washington’s response to renewed conflict with Iran. The announcement came hours after another round of US strikes on Iranian
US chip stocks are extending losses on July 13 as Washington and Tehran lock horns in a dangerous new phase of open hostility. Over the weekend and into Monday morning, the US Central Command (CENTCOM) launched heavy airstrikes targeting about 140 Iranian military installations, and Iran retaliated against regional US bases and declared the critical
SpaceX stock (SPCX) fell for a second consecutive trading session on Monday, moving closer to the company’s $135 initial public offering price just days after joining the Nasdaq-100 index. The stock declined more than 4% to trade around $139 as broader US equity markets also came under pressure. The S&P 500 fell to session lows
US stock futures were mixed on Monday as a fresh US-Iran escalation hit semiconductor stocks and pushed investors towards a more defensive start to the week. Nasdaq 100 futures led the decline, dragged lower by memory-chip names, while Dow futures held slightly higher. The move came after Iran said it had closed the Strait of
Netflix stock has been in a sharp downtrend over the past 12 months, erasing billions of dollars in market capitalization. It dropped to $73 last week, about 45% below its all-time high. Although the decline has made the stock look attractively valued, there are increasing signs that it could be becoming a value trap as
Apple’s decision to sue OpenAI marks one of the biggest legal confrontations yet in the artificial intelligence industry, transforming what was once a strategic partnership into an increasingly bitter rivalry. The iPhone maker alleges that OpenAI systematically acquired Apple trade secrets to accelerate its ambitions in AI hardware, accusing the ChatGPT creator of using former
Goldman Sachs stock has pulled back more than 6% from its year-to-date high and has gradually formed a risky chart pattern ahead of its second-quarter earnings on Tuesday. The stock was trading at $1,055 and appears vulnerable to further downside despite expectations for strong earnings. Goldman Sachs stock is at risk of falling after earnings
The Roundhill Memory ETF (DRAM) slumped by over 8% in the pre-market session as the volatility in the industry escalated. It dropped to $937, down by 25% from its highest point this year. SK Hynix stock crashed in South Korea DRAM ETF is a relatively new fund that was launched in April to give investors
The Philadelphia Stock Exchange Semiconductor Index (SOX) is exhibiting “severe” technical turbulence, signaling a potential drawdown of up to 17%, according to investment bank BTIG. While the group maintains a staggering year-to-date advance exceeding 80%, recent session-to-session churning indicates that institutional exhaustion may be setting in. As momentum shifts from structural tailwinds to tactical vulnerability
Chainlink has returned to the spotlight after landing one of its most notable real-world integrations this year. The decentralised oracle network is now powering Robinhood’s tokenised stock offering, adding another high-profile use case to its growing ecosystem. Even so, LINK token has struggled to translate that momentum into a sustained price rally, leaving traders closely