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Posted Jul 9, 2026 at 11:56 PM UTC J External Link Asha Sharma has been appointed to a Federal Reserve task force about “Productivity and Jobs.” The Xbox CEO, who announced mass layoffs at Xbox this week, will assess “the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve’s policy…

It’s no secret that Tesla (NASDAQ: TSLA) is one of the most narrative-driven stocks in the market. The company’s valuation hinges less on its revenue and profitability numbers, and more on whether investors believe it will successfully evolve into an artificial intelligence (AI) platform business with product lines spanning autonomous vehicles and humanoid robotics. The…

U.S. spot bitcoin ETFs lost a net $95 million on Thursday, per SoSoValue data, while ether ETFs shed about $52 million, ending a five-day inflow run that had been the steadier side of the market. Fidelity’s FBTC drove the bitcoin outflow with roughly $63 million, followed by ARKB at about $40 million. BlackRock’s IBIT was…

Chip stocks powered indexes Thursday, with the iShares Semiconductor ETF surging nearly 4%.Credit: Spencer Platt / Getty Images Major indexes finished higher, aided by chip and memory stocks, as investors monitored the latest military attacks between the U.S. and Iran.  The tech-focused Nasdaq Composite, benchmark S&P 500, and blue-chip Dow Jones Industrial Average closed Thursday…

The S&P 500 ended 0.8% higher, while the Nasdaq 100 rose 1.3% and the Dow Jones Industrial Average gained 0.3%. SK Hynix is scheduled to debut on the Nasdaq on July 10. S&P Global Ratings downgraded Oracle Corp. to the lowest investment-grade rating. U.S. stock indices ended higher on Thursday as chipmaker stocks rebounded sharply…

Traders work at the New York Stock Exchange on June 26, 2026. NYSE U.S. stock futures were little changed Thursday night, with the S&P 500 and Nasdaq Composite each headed for a winning week. Dow Jones Industrial Average futures fell by 43 points, or 0.08%. S&P 500 futures and Nasdaq 100 futures dipped 0.05% and…

US stocks rose on Thursday as investors focused on AI prospects ahead of SK Hynix’s (000660.KS) US trading debut, setting aside jitters over a flare-up in US-Iran hostilities. The tech-heavy Nasdaq Composite (^IXIC) climbed by 1.3%. Meanwhile, the S&P 500 (^GSPC) gained 0.8%, and the Dow Jones Industrial Average (^DJI) put on more than 0.2%…

by William D’Angelo , posted 1 hour ago / 410 Views The Federal Reserve, the central banking system of the US, announced it has named Xbox CEO Asha Sharma as one of three advisors on the Productivity and Jobs task force. The task force will “assess the economic impact of new general-purpose technologies, including artificial…

By Michael S. Derby NEW YORK, July 9 (Reuters) – The official responsible for implementing monetary policy at the New York Federal Reserve reiterated on Thursday that Treasury bill-buying aimed at managing market liquidity levels can go up or down as needed. So-called reserve management purchases, or RMPs, “are not on a preset course, and…

US stocks climbed and oil slid as tech hopes outlasted Middle East worries on global markets overnight. Here’s the wrap from Pete Schroeder of Reuters: Nasdaq gains 1.3%, S&P 500 up 0.81%, Dow gains 0.27% US crude settles down 2.3% at $71.83 a barrel, Brent falls 2.5% to $76.05 Lower jobless claims suggest stability in US…