Stock Market & Financial News
SpaceX's Market Cap Surge Makes the $60 Billion Cursor Acquisition Look Nearly Free
On a recent Diet TBPN segment, John Coogan and callers Quinn Thompson and Nick Carter spent a chunk of the show trying to make sense of what happened to SpaceX's (NASDAQ:SPCX) after-hours quote and what it meant for a deal most retail investors had never heard of.
SPCX New Fed Era Begins: Bitcoin Drops as Warsh Emphasizes Price Stability
The Federal Open Market Committee maintained the federal funds rate target range between 3.5% and 3.75%. The year-end median interest rate projection rose to 3.8%, eliminating the expectation of rate cuts. The price of the benchmark cryptocurrency dropped to the $65,300 zone following the official announcement.
Bitcoin layer-2s confront harsh reality as Botanix shuts down Spiderchain after just one year
The shutdown highlights challenges in sustaining Bitcoin layer-2 networks amid low demand, impacting investor confidence and future innovation. Bitcoin layer-2s confront harsh reality as Botanix shuts down Spiderchain after just one year.
Amazon Exec Predicts Commercial Quantum Computers Could Launch in 2031
Amazon artificial intelligence executive Peter DeSantis reportedly said Wednesday (June 17) that the first “commercially useful small-scale” quantum computers will appear five to seven years from now.
QMCO 
Talen Energy: A Lower-Risk AI Trade
Talen Energy Corporation is rated a Buy, positioned to benefit from surging electricity demand driven by AI data center expansion. TLN's aggressive commercial strategy, with shorter hedging windows, enables it to capture rising load prices more effectively than peers. EBITDA is expected to double and adjusted net income to rise over 139% in 2026, with further EPS growth of 20%+ in 2027-2028.
TLN 
Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
Despite markets hitting all-time highs, Americans are still quite pessimistic about the state of the economy. The University of Michigan Index of Consumer Sentiment, one of the most commonly cited surveys, reached a record low of 44.8 in May.
FUN 
Nvidia Returns To The Bond Market With A $25 Billion Sale
Bankers have a phrase for a company that borrows when it does not obviously need to: filling the barn before the storm. On June 15, Nvidia did exactly that.
NVDA 
Outperforming Dow Stock Could See More Gains
Shares of Caterpillar (CAT) are 2.1% higher to trade at $966.24, earlier touching a record high of $970.99, now heading for a fifth-straight win. CAT has been a long-term outperformer on the charts, with reliable support stemming from the 80-day moving average.
DOW 
Demolition of Macy's iconic 60-year-old ‘shopping bag' billboard in NYC's Herald Square gets delayed
“We are in discussions with Macy's, no question about it,” said Ed Hart, chief executive of Kaufman Organization, which owns the building on which the four-story Macy's billboard has been perched for more than 60 years.
M 
Hylo targets leveraged equities as Solana's next breakout market with V2 launch
Hylo's V2 launch could redefine Solana's DeFi landscape, but regulatory challenges and technical hurdles may impact its broader adoption. Hylo targets leveraged equities as Solana's next breakout market with V2 launch.
After unveiling ridiculously expensive AR glasses, Snap's stock takes a dive
Snap's long-awaited AR glasses, Specs, didn't have the best debut.
SNAP 
TSMC: Why Premium Multiples Don't Matter For The King Of Foundries
Taiwan Semiconductor (TSM) remains the industry leader, delivering exceptional revenue and EPS growth, underpinned by dominant market share in advanced chip manufacturing. TSM consistently outpaces consensus expectations, with FY2026 revenue now forecast at $163.8B — a 27.5% increase from prior estimates — driven by surging AI and data center demand. Despite elevated valuation multiples, TSM's robust free cash flow, margin expansion, and $106B cash position justify a continued bullish rating.
TSM 
Bitcoin and Ethereum Derivatives See $1.7B Binance Open Interest Reset
BTC and ETH open interest on Binance swung a combined $1.7B in under 48 hours across derivatives.
Microsoft Just Became Irresistibly Attractive, But Only Because The Bears Were Right
Microsoft is a Strong Buy, driven by April's renegotiation of its OpenAI arrangement, which caps liabilities and enhances free cash flow prospects. The revised OpenAI deal removes exclusivity and caps revenue share, allowing MSFT to redirect CapEx from short-lived GPU assets to higher-return investments. Q3 FY2026 showed robust fundamentals: 18% revenue growth, 23% GAAP EPS growth, and Azure up 40%, but CapEx guidance rose to $190B, pressuring free cash flow.
MSFT 
Wall Street Is Doing to GPUs What It Did to Mortgages Before 2008
Simon White, Bloomberg macro strategist, has been making rounds with a thesis that should rattle anyone who lived through 2008.
CRWV 
Snowflake faces intensifying competition from Databricks, but Jefferies sees room for both
Snowflake Inc (NYSE:SNOW) remains well-positioned despite intensifying competition from Databricks, with Jefferies analysts writing that both companies are benefiting from growing enterprise demand for data and artificial intelligence infrastructure and have room to expand. Jefferies noted that Databricks' annualized revenue run rate is on track to exceed $6.9 billion in the first half of fiscal 2027, representing about 65% year-over-year growth in its core business and roughly 80% growth including large language model monetization.
SNOW 
Cardano Reaches Key Milestone on Path to the Dijkstra Era and Leios Upgrade
The governance action to initiate the van Rossem hard fork has already been formally submitted on the Cardano mainnet. The Plutus Cost Model update was ratified on June 13, and its enactment is scheduled for June 18, 2026, at 21:45 UTC.
Manako introduces vision AI agent for real-time detection using Bittensor subnets
Manako's AI platform could revolutionize enterprise surveillance, enhancing operational efficiency and data utilization across industries. Manako introduces vision AI agent for real-time detection using Bittensor subnets.
Good News For SpaceX Investors.
Jordi Visser of 22V Research made a striking claim on a recent episode of The Pomp Podcast with Anthony Pompliano: “Building data centers on land might be at this point more complicated than doing them in space.
GOOG 
Rivian layoffs: Electric SUV maker slashes hundreds of jobs in bid for profitability after R2 launch
Electric SUV maker Rivian Automotive (Nasdaq: RIVN) has cut hundreds of jobs as it seeks to achieve profitability, the company confirmed.
RIVN 
TSM at $426: Bubble Territory or a Buy for the Next AI Supercycle?
TSM has nearly doubled in a year, but AI-driven growth, tight capacity and a 30%+ 2026 revenue outlook raise questions about how far it can run.
TSM 
‘It's actually awesome' – Binance's CZ backs Hyperliquid but warns of THIS
Will HYPE eye $80 amid renewed spot ETF inflows?
Micron & Another AI Memory Stock to Buy Now for Big Upside
MU and STX have surged on AI-driven demand, with strong revenue growth, pricing power and expanding profitability supporting further momentum.
MU 
Ethereum Price Defends $1,800 As Traders Brace For Kevin Warsh's Debut Fed Meeting
Ethereum is holding near $1,800 as traders watch the Fed decision, dot plot, and Kevin Warsh's first major policy signal as chair.
CoreWeave Insider Sales Look Big, But Should Investors Worry?
CoreWeave TodayCRWVCoreWeave$115.25 -1.78 (-1.52%) As of 04:00 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$63.80▼$187.00Price Target$131.52Add to WatchlistThere's nothing quite like the headline "insiders dump billions" to get investors reaching for the sell button.
CRWV 
Hollywood Superstar to Come to Ripple Swell
Hollywood A-lister Matt Damon is slated to appear at the upcoming Ripple Swell conference. The much-anticipated event, which will take place in New York for the second year in a row, has been scheduled for Oct. 27–29.
Is the Options Market Predicting a Spike in CNB Financial Stock?
Investors need to pay close attention to CCNE stock based on the movements in the options market lately.
CCNE 
SpaceX Trades at 100x Price-to-Sales While Snap Bets $2,195 AR Glasses Are ‘The Next Computer'
On Tuesday's TBPN, the conversation drifted from SpaceX's eye-watering private mark to Snap's eye-watering hardware price tag.
SNAP 
Retail Sales: Consumer Spending Up for Fourth Straight Month
According to the Census Bureau's Advance Retail Sales Report, consumer spending climbed for the fourth straight month in May. Headline sales rose 0.9%, almost double the projected 0.5% growth and marking an acceleration from April's 0.4% rise.
IBUY 
'If You Don't Own Bitcoin, You're Short Bitcoin': Bitwise's Jeff Park Stays Upbeat About BTC
Bitwise advisor Jeff Park says investors should start thinking less about Bitcoin's (CRYPTO: BTC) upside speculation and more about the risk of not owning it at all. “If You Don't Own Bitcoin, You're Basically Short BTC” In a "When Shift Happens" interview clip published on June 17, Park argued that Bitcoin remains a hedge against fiat currency debasement.
