US equities sink, technical support levels eyed for bounce
US stock indices fell sharply, breaking key moving averages. Technical support levels could offer a lifeline if buyers step in.
Sean Hagan explains why a Tesla-SpaceX merger would create the world's largest company and potentially increase Bitcoin exposure in the S&P 500 through…
A special committee has been formed by Tesla and SpaceX to consider a merger that would create the world's largest company by market cap. Sean Hagan explains that the deal is a "no brainer" on first principles: a combined firm earns a higher index weighting and captures more passive flows than either alone. He connects this to the MSCI decision on Strategy and why passive flows matter for Bitcoin treasury firms. The hosts also question whether the merger serves as a workaround for SpaceX's S&P 500 inclusion.
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US stock indices fell sharply, breaking key moving averages. Technical support levels could offer a lifeline if buyers step in.
Meta shares dropped 7% as investors reacted to massive future spending commitments of $825 billion, despite beating revenue estimates.
Strategy spent a record $193.1 million on STRC buybacks at $99.60 per share, contradicting its earlier guidance to taper repurchases as the price approached…
US stock futures dropped as the AI rally faces increased skepticism, with Meta's solid earnings unable to calm market jitters.