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The Latest Breaking News from Steve Sosnick

How a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet

Alphabet's initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia's PIF also hold substantial stakes.

The Economic Times

Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion

Alphabet has emerged as by far the largest single institutional holder of SpaceX following its $86 billion IPO in June, according to a Reuters analysis of quarterly ‌filings made public so far. The ⁠filings shed ⁠new light on the scale of positions acquired by SpaceX's backers as the company transitioned…

The Economic Times

Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?

The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told Fortune. Unless that changes tomorrow.

Fortune

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Treasury Selloff Deepens As Inflation Fears And Middle East War Continue Pressuring Markets

The 30-year Treasury yield climbed above 5.19% as investors reacted to inflation pressures, weak demand for long-term debt, and mounting global economic uncertainty.

International Business Times

From dabblers to day traders, small investors' impact on Wall Street grows even in volatile market

For years, retail investors were dismissed by some on Wall Street as “dumb money.”

The Independent UK

The problem with betting Trump will "always chicken out"

Stocks started the week with their worst single day performance since October.

Axios

AI Bubble Risks: 'Is Your Nest Egg Safe?' Everyday Investors Shift to Gold, Bonds as Nvidia & Palantir Fear Mounts

Retail investors are shifting from AI stocks to gold and bonds amid fears of a bubble, as Michael Burry shorts Nvidia and Palantir, signalling increasing market caution.

International Business Times UK

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Wall Street prepares for a $3 trillion IPO gusher

Elon Musk's SpaceX says it is planning to go public next year. That could open the floodgates.

Axios

Wall Street eyes a possible culprit in this week’s head-spinning stock market reversal: Bitcoin

“It’s possible that the rout in Bitcoin is forcing some investors to sell stocks that they own.”

Fortune

Krispy Kreme's Wild Ride: Shares Jump 11% After FBI Director's Testimony — Then Crash Back to Earth

Krispy Kreme stock spiked 11% after FBI Director Kash Patel disclosed personal investments during a congressional hearing, but the sugar rush quickly faded as shares ended nearly flat, highlighting market froth.

International Business Times UK

Who wins and who loses from fewer corporate earnings reports

A change in how often companies report results could have huge implications for Wall Street, markets and investors.

Axios

S&P 500 Extends Losing Streak Ahead of Powell Speech: Stock Market Today

Stocks continued to struggle ahead of Fed Chair Powell's Friday morning speech at Jackson Hole.

Kiplinger

A new bull market has begun and is still in the early stages, so buy the dips, top Wall Street analyst says

Wilson's view is part of an increased sense of optimism on Wall Street as fears over tariffs ease with the signing of several trade deals.

Fortune

Oil Prices Soar, Stocks Slide After Israel Strikes Iran

Oil prices soared and stocks sank Friday after Israel launched strikes on Iran, prompting retaliation from Tehran and stoking fears of a full-blown war.

International Business Times

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The Independent UK

Newsmax goes full ‘meme stock’ as shares have surged over 2000 percent since insane IPO debut

‘This is like the initial market reaction to DJT on steroids,’ one investment expert said about the explosive Newsmax rally

International Business Times

Stock Markets Plunge On US Recession Fears

In the United States, the tech-heavy Nasdaq Composite Index plummeted by 4.0 percent, seeing its worst day since 2022 after Trump declined to rule out the risk of a U.S. recession. The Nasdaq was bogged down by retreats in the so-called Magnificent Seven tech stocks, which include Google parent Alphabet,…

Kiplinger

Stock Market Today: Muted Inflation Data Sparks Relief Rally

Encouraging news about the path of consumer prices sent risk assets soaring again.

Kiplinger

Stock Market Today: Stocks Pause as Investors Assess Fed Policy

The Federal Reserve met expectations with a quarter-point rate cut.

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Kiplinger

Stock Market Today: Stocks Struggle Mightily in Choppy Trading

The major benchmarks couldn't hold on to early gains as selling pressure returned to risk assets.

Fortune

Roaring Kitty's GameStop return is playing out like an uninspired Hollywood sequel with no real villain and an absent hero

Fans were initially nostalgic when news of his return broke, but now it feels as if the world has moved on from Keith Gill's scrappy underdog story.

Kiplinger

Trump Media & Technology Stock Stays Volatile Ahead of Election Day

Trump Media & Technology stock has traded erratically in recent months and last night's presidential debate sparked more volatility in DJT shares.

Benzinga

Amazon Stock Could Find Popularity With Retail Investors Once Again After Stock Split

Amazon.com, Inc (NASDAQ: AMZN) 20-for-1 stock split that took effect Monday could potentially draw retail investors to the shares of the e-commerce giant.

People

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