business-news

05
Jun

Stock Market News — June 05, 2026 — Friday Evening

Wall Street's nine-week winning streak ended Friday with the Nasdaq plummeting 4%—its worst day in over a year—as a hotter-than-expected jobs report sparked rate hike fears and triggered a $1 trillion-plus semiconductor selloff. Meta tumbled 7% on equity raise reports while SpaceX's IPO surged 2x ov
6 min read
19
May

Stock Market News — Morning Update (last 12 hours, Pacific Time) — May 19, 2026

U.S. markets fell Tuesday as chip stocks sold off ahead of Nvidia's earnings, U.S.-Iran peace talks stalled, and bond yields rose. Nvidia's after-hours results will be a key test of AI spending momentum, while Google and Blackstone's $5B AI cloud venture signals confidence in infrastructure despite
6 min read
02
May

Stock Market News — May 02, 2026

The dominant story of the day is the sudden and complete collapse of Spirit Airlines, which ceased all operations immediately on May 2nd. The bankrupt discount carrier's shutdown — described as the airline industry's first casualty of the Iran war — stranded passengers across the country and trigger
3 min read