Category: Latest News
-
Cyngn Shares Jump 18% After Announcing $32 Million Capital Raise to Fund Operations Through 2027
Cyngn (NASDAQ:CYN) stock surged 18% following a shareholder briefing that confirmed the company secured $32 million in new funding, ensuring operational stability through 2027. The autonomous vehicle tech firm completed this financing round last week by fully tapping its shelf registration, bolstering its financial position without needing immediate additional capital. Cyngn’s DriveMod autonomous system is…
-
Cipher Mining Shares Gain as Black Pearl Site Surpasses Hashrate Expectations
Cipher Mining Inc. (NASDAQ:CIFR) saw its stock climb 7% following the announcement that Phase I of its Black Pearl mining facility is now operating at roughly 3.4 EH/s of self-mining capacity, surpassing the company’s earlier projection of 2.5 EH/s for Q2 2025. The firm reported that its overall self-mining hashrate has reached about 16.8 EH/s,…
-
Renewable Energy Shares Jump After Senate Eliminates Excise Tax
Shares in renewable energy companies surged following the U.S. Senate’s decision to eliminate a controversial excise tax from its comprehensive GOP tax legislation. This move brought much-needed relief to the renewable sector, which had faced concerns about potential setbacks under the Trump administration. European companies led the rally, with Vestas (USOTC:VWDRY) climbing more than 10%,…
-
Tesla’s EV Sales in China Climb Slightly in June, Ending Downward Trend
Tesla (NASDAQ:TSLA) saw a modest rebound in its China-made electric vehicle sales in June, according to data from the China Passenger Car Association released Wednesday. The company delivered 71,599 units last month, up 0.8% from the same period last year. Deliveries of Model 3 and Model Y vehicles produced at Tesla’s Shanghai facility increased 16.1%…
-
Gold Maintains Stability Amid U.S. Fiscal Concerns and Trade Ambiguity
Gold prices held firm during Wednesday’s Asian session, sustaining gains from the past two days. The metal found support as worries about the growing U.S. fiscal deficit intensified following the Senate’s approval of President Donald Trump’s expansive tax and spending legislation. Ongoing uncertainty around looming U.S. trade talks, especially with the July 9 tariff deadline…
-
Dollar Nears Multi-Year Lows Amid Anticipation of Crucial US Labor Data
The U.S. dollar experienced a minor rebound on Wednesday but stayed close to its lowest levels seen in several years, as investors balanced cautious signals from Federal Reserve Chair Jerome Powell with the Senate’s recent approval of President Donald Trump’s broad fiscal plan. By 04:15 ET, the Dollar Index — which tracks the greenback against…
-
Oil Prices Hold Steady Amid Israel-Hamas Ceasefire Talks and Unexpected U.S. Inventory Increase
During Wednesday’s Asian trading session, oil prices remained largely unchanged as optimism grew over a possible Israel-Hamas ceasefire, following remarks by U.S. President Donald Trump. However, the positive sentiment was tempered by data revealing an unexpected rise in U.S. crude oil inventories, which raised concerns among traders. Market participants are now looking ahead to the…
-
Market Movers Today -Senate Passes Trump’s Fiscal Bill; ADP Jobs Report in Focus
U.S. stock futures are pointing higher after the Senate approved a massive fiscal bill closely tied to former President Donald Trump’s legislative agenda. The bill now heads to the House of Representatives, where Republicans are racing against a self-imposed July 4 deadline to get it signed into law. Meanwhile, investors are looking ahead to fresh…
-
Asian Stocks Decline as Tariff Deadline Looms; Japan Falls Amid U.S. Trade Uncertainty
Asian markets mostly traded lower on Wednesday, as investors grew cautious ahead of the upcoming U.S. tariff deadline on July 9. Japanese equities led regional losses following President Donald Trump’s remarks casting doubt on a potential trade agreement with Tokyo. U.S. markets closed mixed overnight, with the S&P 500 and NASDAQ Composite retreating due to…
-
Stock Market Close 07.01.2025: S&P 500 Slips as Big Tech Stumbles at Start of Q3
The S&P 500 closed slightly lower on Tuesday, pulling back from recent highs as big tech stocks faltered at the beginning of the third quarter. Investors are digesting updates on trade policy, fiscal developments, and rising U.S. Treasury yields. As of 4:00 p.m. ET: On Monday, both the S&P 500 and NASDAQ hit record highs,…