GameStop’s stock plummeted after announcing a $1.75 billion convertible bond offering to fund bitcoin investments. This bold move, revealed in June 2025, has sparked debate over the retailer’s risky pivot to cryptocurrency amidst ongoing retail challenges.
Stock futures dropped as Trump’s tariff threats rattled Wall Street, ending the S&P 500’s winning streak. Markets fear trade disruptions and uncertainty, with tech stocks hit hardest. Investors await clarity on policy, bracing for potential economic turbulence.
Micron Technology, with Trump administration support, is expanding U.S.-based DRAM manufacturing and R&D. This major investment aims to boost tech innovation, create jobs, and strengthen domestic supply chains, positioning the U.S. as a global semiconductor leader.
Wholesale prices remain stable despite tariffs, with the producer-price index showing minimal rise in May 2025. Trade tensions haven’t sparked inflation yet, offering businesses and policymakers temporary relief. However, experts warn that escalating disputes could still disrupt this balance.
Meta is suing Joy Timeline over AI ‘nudify’ apps that alter images without consent, following a CBS report on ads flooding its platforms. This legal move highlights privacy concerns and the need for stricter content oversight in the tech industry.
Chime, a digital banking platform, debuted its IPO at a $9.8 billion valuation, pricing above expectations. Trading started today, reflecting strong investor confidence in fintech. This milestone highlights the shift toward tech-driven financial services and Chime’s potential to reshape banking.
Recent jobless claims data reveals a cooling U.S. labor market, with initial claims at a peak and continuing claims rising. As S&P 500 futures slip, pressure mounts on the Federal Reserve to intervene and stabilize the economy amidst growing concerns.
Tesla’s stock dips as concerns mount over its robo-taxi launch. Technological hurdles, financial strain, stiff competition, and consumer skepticism are key risks. Can Tesla navigate these challenges and deliver on its driverless vision?
Sierra Space is intensifying its focus on defense, investing heavily in space-based security technologies. This strategic shift aims to support national interests amid rising global tensions, positioning the company as a key player in the evolving aerospace and defense landscape.
Oracle’s stock surges as its CEO unveils a vision for unprecedented revenue growth, focusing on cloud computing and AI. Investors are optimistic, driving shares to new heights, though challenges remain. This bold strategy could redefine Oracle’s future in the competitive tech landscape.
