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AIM News9 articles
S&P 500 Reclaims Key Technical Level Amid Geopolitical Relief
The S&P 500 rallied sharply, climbing back above its 200-day moving average after President Trump delayed strikes on Iran. The move split analysts on whether it signals a durable rebound or a temporary respite.
Walmart's PhonePe Aims for $10.5B IPO as Major Investors Plan Exits
PhonePe, Walmart's Indian payments subsidiary, is preparing for an initial public offering that could value the company between $9 billion and $10.5 billion. The offering will involve existing shareholders selling stakes worth up to $1.05 billion.
T-Mobile Countersues Verizon in Escalating Ad War Over 'Bait-and-Switch' Claims
T-Mobile has launched a countersuit against Verizon, accusing its rival of 'bait-and-switch' tactics in a recent advertising campaign. The move escalates a legal fight that began when Verizon sued T-Mobile in February over alleged savings exaggerations.
Coinbase Soars 12% as Bitcoin Reclaims $72K; Crypto Stocks Rally
Coinbase shares jumped 12.4% to $204.89 on Wednesday, propelled by a Bitcoin rally back to $72,088. Other crypto-exposed equities like Robinhood and Riot Platforms also posted strong gains.
ASX 200 Reclaims 9,000 as NAB Hits Record High on Strong Earnings
The Australian benchmark index closed above 9,000 points, lifted by robust banking results and technology gains. National Australia Bank reached an all-time high following a solid quarterly performance.
JPMorgan Lawsuit Advances as Judge Allows Key Cash-Sweep Claims
JPMorgan Chase shares held steady at $302.55 as a Manhattan judge allowed central cash-sweep breach-of-contract claims to move forward. The bank faces scrutiny over the interest rates paid on customer idle cash.
Gold Reclaims $5,000 as Soft Inflation Data Fuels Rate Cut Bets
Gold prices rebounded sharply above $5,000 an ounce following softer-than-expected U.S. inflation data, which increased market expectations for Federal Reserve interest rate cuts later this year.
Algorhythm's AI Freight Claims Spark Market Turmoil, Trucking Stocks Tumble
Algorhythm Holdings shares jumped 16.7% in premarket trading following a 30% surge Thursday, as its AI freight efficiency claims triggered a selloff in trucking and logistics stocks.
Aramco Achieves 70% Domestic Procurement, Aims for 75% by 2030
Saudi Aramco has reached a 70% local content level in its procurement through the iktva program and is now targeting 75% by 2030. The initiative has added over $280 billion to the national GDP.