19h ago
S&P 500, Dow and Nasdaq 100 finish higher as chipmakers jump and SOXX gains more than 5%
U.S. stocks closed higher on Tuesday, led by the Nasdaq 100 Index up 1.93% as the iShares Semiconductor ETF (SOXX) rose more than 5%. Chipmakers and AI infrastructure shares rebounded as investors assessed an earnings season in which 91% of S&P 500 companies reporting Q2 results have topped estimates so far, according to Bloomberg-compiled data. Oil prices climbed more than 2% to a five-week high amid a 10th straight day of U.S.-Iran strikes, lifting bond yields and adding to shipping risk around the Persian Gulf and the Red Sea.
19h ago
19h ago
Susquehanna lifts Intel price target to $115 from $80 ahead of July 23 earnings
Susquehanna raised its price target on Intel (INTC) to $115 from $80 while reiterating a “Hold” rating, citing stronger-than-expected Q2 server CPU demand and PC shipments. Intel is set to report Q2 results after the market closes on July 23, with Wall Street looking for EPS of $0.22 on revenue of $14.45 billion. The call follows Intel’s Q1 beat, when the company posted EPS of $0.29 versus expectations of $0.01. The pre-earnings upgrade is seen as a key catalyst for near-term moves in the stock, according to Susquehanna.
19h ago
19h ago
Solana tokenized assets reach $5.8B, with SOL seen potentially rising to $94
The article says tokenized assets within the Solana ecosystem have reached $5.8 billion, framing the milestone as a key catalyst for network adoption. It adds that SOL could rise to $94. The piece does not provide a specific timeframe, detailed drivers, or a data source for the figures cited. It focuses on ecosystem expansion and does not cite regulatory changes, exchange listings, token unlocks, or security incidents as direct trading catalysts.
SOL
SOL+0.40%
19h ago
20h ago
Tesla heads into 2024 Q2 earnings with TSLA down 16% YTD as investors look for a Musk-led rebound
The article focuses on Tesla’s upcoming 2024 second-quarter earnings report, noting that Q2 deliveries were a record for the quarter and that consensus forecasts call for sharp year-over-year gains in revenue and EPS. It adds that expectations are muted and TSLA shares are down 16% year to date. The author argues the report could beat estimates and, if Elon Musk strikes an upbeat tone on the earnings call, could trigger a short-term rally. Alphabet, Netflix, Microsoft, Apple and SpaceX are mentioned only as “Magnificent Seven” or related context, without additional earnings details or catalysts.
20h ago
21h ago
NY sugar and London white sugar close higher as WTI climbs more than 2% to a five-week high
International sugar prices rose on Tuesday, with October NY world sugar #11 up 0.40% and October London ICE white sugar #5 up 0.45%. The gains followed a more than 2% jump in WTI crude to a five-week high, which lifted ethanol prices and could prompt mills to divert more cane toward ethanol, tightening sugar supplies. Czarnikow and the International Sugar Organization have both cut their 2026/27 global sugar balance outlooks from surplus to deficit. In Brazil, the share of sugarcane used for sugar fell to 41.42%, while India’s monsoon remains weak and an El Niño could disrupt production in major growing regions.
21h ago
22h ago
Ethereum validator entry queue nears 2.5 million ETH, stretching new activations past 43 days
Ethereum’s validator entry queue has reached about 2.5 million ETH, extending the estimated wait time to activate a new validator to more than 43 days. The figures point to sustained demand for staking on the proof-of-stake network. However, the backlog effectively raises the barrier to entry and reduces capital efficiency. The development affects the immediacy of access to the ETH staking ecosystem and expectations for returns, without involving on-chain security, protocol upgrades or regulatory changes, and it does not alter existing validator rights or slashing rules.
ETH
ETH+0.58%
22h ago
22h ago
Ramp opens stablecoin accounts and payments to 70,000+ customers with settlement on Solana
Crypto infrastructure firm Ramp said it is opening stablecoin accounts and payment capabilities to more than 70,000 customers, with all transactions settling on the Solana blockchain. The move connects large-scale stablecoin flows from Ramp into the Solana ecosystem, enabling users to deposit and withdraw stablecoins through Ramp and complete on-chain settlement. The service is live and not in a test or preview phase. Ramp, a compliant fiat on-ramp provider, said the integration is expected to increase stablecoin circulation, transaction frequency, and overall network usage on Solana.
SOL
SOL+0.40%
22h ago
22h ago
BlackRock withdraws 1,789.65 $BTC worth $119.17M from Coinbase Prime
BlackRock withdrew 1,789.65 BTC worth about $119.17M from Coinbase Prime. The transfer is an on-chain verifiable large movement involving the compliant custody platform Coinbase Prime, reflecting an active reallocation by an institutional-grade wallet. The event did not involve regulatory action, exchange risk, or a technical outage, but its scale and BlackRock’s role as a spot Bitcoin ETF issuer led some market participants to view it as a short-term positioning adjustment that could affect confidence in institutional holdings and near-term liquidity expectations.
BTC
BTC-1.00%
22h ago