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Business

Bitget launches crypto industry’s first-ever US stock options trading

Bitget, the world’s largest Universal Exchange (UEX), has launched US stock options, giving users direct access to trade options on leading US-listed companies. This makes Bitget the only major crypto exchange currently offering US stock options alongside crypto and CFD markets covering gold, forex, commodities, and indices. Active features include long call and long put

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Business

Why Tesla stock is tanking 3% even after crushing delivery estimates

Tesla (TSLA) reported second-quarter vehicle deliveries that comfortably exceeded Wall Street expectations on Thursday, signaling a significant rebound in demand as the electric-vehicle maker navigates an increasingly competitive global market. The company delivered 480,126 vehicles worldwide during the second quarter, according to a statement released Thursday. The result came in well above analyst expectations. FactSet

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Business

Nike stock: why did a rare earnings beat fail to lift shares?

Nike shares fell 4% in premarket trading on Wednesday after the sportswear giant’s latest quarterly results failed to convince investors that its turnaround under Chief Executive Officer Elliott Hill is gathering pace. Although Nike topped Wall Street expectations for both earnings and revenue, a cautious outlook for the coming quarters, persistent weakness in China and

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Business

Summer rally pattern: 4 stocks with historical edge in early July

July has a strong track record for US equities, and investors are entering the month with four familiar names back in focus. The S&P 500 has historically posted its best average monthly gain in July, while technology-heavy indexes have often benefited from early-month momentum before earnings season takes over. That does not make a rally

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Business

Dow futures fall 170 points: 5 things to know before Wall Street opens

US equity futures began the new quarter with a more guarded tone, even after Wall Street ended June on a strong note. The problem is not just geopolitics, though the stalled US-Iran diplomacy in Doha is keeping traders alert. The bigger issue is that the macro backdrop is becoming less friendly. A resilient labour market,

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Business

USD/ZAR: South African rand outlook as SARB governor hints at rate hikes

The USD/ZAR pair was little changed on July 1 as traders reacted to hawkish remarks by South African Reserve Bank (SARB) Governor Lesetja Kganyago, who spoke at the European Central Bank (ECB) forum in Portugal. The pair was trading at 16.40, a few pips below last month’s high of 16.67. SARB may hike interest rates

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Business

Shutterstock stock plunges 30% as Getty Images scraps $3.7B merger

Shutterstock (SSTK) shares plunged more than 30% in premarket trading on Wednesday after Getty Images abandoned its planned $3.7 billion merger with the company, ending a deal that was expected to create one of the world’s largest licensed visual content providers. Getty Images shares were also lower, falling more than 5% in premarket trading following

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Business

S&P 500 Index, VOO, and SPY outlook for July 2026: Key catalysts to watch

The S&P 500 Index had a difficult performance in June this year, slipping by about 1.1%. It ended the month at 7,500, up by 18% from its lowest level this year, and a few points below the all-time high of 7,613. This article provides an SPX Index forecast and that of its ETFs like VOO,

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Business

ADP report: Private employers added 98,000 jobs in June, less than expected

Private-sector hiring slowed more than expected in June as employers added fewer workers ahead of the closely watched monthly government jobs report, while healthcare-related industries continued to account for the bulk of new employment. According to payroll processor ADP, private employers added a seasonally adjusted 98,000 jobs in June, below economists’ expectations of 110,000 and

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Business

Dow falls 250 points as chip stocks slide, US-Iran tensions rise

US stocks opened lower on Wednesday as investors booked profits in semiconductor stocks following a record-breaking first half of 2026, while renewed US-Iran tensions and expectations of tighter monetary policy also weighed on sentiment. The Dow Jones Industrial Average declined 253 points. The S&P 500 slipped 0.46% while the Nasdaq Composite fell 0.68%. Semiconductor stocks

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