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
Planet Labs stock continued its strong downward trend last week, reaching its lowest level since March 19. PL has dropped by 50% from its highest point this year, with the market capitalization falling from over $18.40 billion in May to the current $9.28 billion, and technicals suggest that it has more downside to go. The
President Donald Trump’s cryptocurrency ventures generated more than $1.4 billion in 2025, making it his most profitable business year on record. This windfall came even as many retail investors who backed Trump-linked crypto projects and other Trump-branded investments suffered steep losses. A Reuters analysis of Trump’s latest financial disclosures filed with the US Office of
Pump.fun’s native token, PUMP, has remained in focus as traders assess the impact of a major token unlock against signs of renewed activity across the Solana ecosystem. While large unlock events often raise concerns about additional selling pressure, the discussion around PUMP has also centred on another factor: the platform’s buyback program. The question now
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