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MCX Gold Drops 1.05%, MCX Silver Tanks 2.85% Amid Rising US Fed Rate Hike Expectations
MCX Gold and MCX Silver are under sharp selling pressure on June 23, 2026. Gold (GOLD) futures fell 1.05% to ₹1,47,818 per 10 grams on the Multi Commodity Exchange. Global gold prices slipped below $4,150 per ounce as firm expectations of a Fed rate hike outweighed optimism from US-Iran peace talks. MCX Silver led the…
Robinhood (NASDAQ: HOOD) Shares Slide 4% After Unveiling $2 Billion Convertible Notes Offering Due 2029
Robinhood shares dropped roughly 4% on June 22, 2026, after the company announced a major capital raise before market open. Robinhood Markets, Inc. (NASDAQ: HOOD) intends to offer $2.0 billion in convertible senior notes due 2029 in a private placement to qualified institutional buyers under Rule 144A. Shares traded at $108.15 on June 22, within…
Wall Street Rally in Focus as S&P 500 Hits 7,500.58 Ahead of Micron Results and PCE Report
The S&P 500 heads into the week of June 22, 2026, with real momentum and real data risk in equal measure. The S&P 500 closed at 7,500.58 on June 18, 2026, with the next data release date set for June 22. Despite the Fed striking a more hawkish tone last week, US equities posted gains,…
AbbVie to Acquire Apogee Therapeutics in $10.9 Billion Deal, Offering Nearly 50% Premium
AbbVie made a major move in the biotech sector on June 22, 2026, announcing a $10.9 billion deal to acquire Apogee Therapeutics. The transaction offers Apogee shareholders nearly a 50% premium and gives AbbVie access to a promising pipeline of immunology treatments. As competition grows in the market for inflammatory disease therapies, this acquisition could…
CRH Eyes $8 Billion Arcosa Acquisition, Potential Deal Values Target at 13.7x EBITDA
CRH made its biggest-ever acquisition official on June 22, 2026, signing a definitive agreement to acquire Arcosa, Inc. (NYSE: ACA) in an all-cash transaction. CRH will pay $150 per share in cash, with the transaction valuing Arcosa at a total enterprise value of approximately $8.5 billion, representing an acquisition multiple of 11.5x 2026E Adjusted EBITDA,…
Tesla Inc (TSLA) +1.04%: Jefferies Revises Down Target, Highlights SpaceX Tracking Stock Risk
Tesla Inc (TSLA) traded higher by about 1% in recent sessions in June 2026, even as Wall Street turned cautious. In a fresh note, Jefferies revised its price target lower and flagged new concerns around valuation pressure. The report also pointed to growing risks linked to SpaceX-related tracking stock sentiment and Elon Musk’s wider business…
Huawei’s CloudMatrix Cluster Achieves 30% Utilization After Training DeepSeek’s 1.6-Trillion-Parameter AI Model
Huawei’s AI ambitions reached a new milestone in June 2026 when reports revealed that its CloudMatrix cluster achieved 30% utilization while post-training DeepSeek V4-Pro, a massive 1.6-trillion-parameter AI model. The achievement highlights the growing capabilities of Huawei’s Ascend chip ecosystem at a time when global competition in artificial intelligence infrastructure is intensifying. As China pushes…
Wall Street Futures Steady With S&P 500 Down 0.1% as Markets Focus on Inflation and US-Iran Talks
Wall Street began the new trading week on a cautious note as S&P 500 futures edged 0.1% lower. Investors avoided taking big positions ahead of the latest US inflation data and closely followed developments in the ongoing US-Iran talks. The combination of inflation concerns, interest rate expectations, oil price movements, and geopolitical risks kept trading…
Infineon Gains 5% as Analysts Highlight 40% AI Power Semiconductor Market Share and Strong Growth Outlook
Artificial intelligence is creating new winners in the semiconductor industry, and Infineon is quickly becoming one of them. The company’s shares climbed about 5% after analysts pointed to its leadership in AI power semiconductors, improving financial outlook, and growing exposure to AI data centers. Investors are also focusing on the company’s higher revenue guidance, stronger…