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The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.09%.  September E-mini S&P futures (ESU26) fell -0.12%, and September E-mini Nasdaq futures (NQU26) fell -1.19%. Stock indexes settled lower on Friday, with the S&P 500 and Nasdaq 100 falling to 2-week lows.  The weakness in chipmakers weighed on the overall market Friday.  South Korea’s Kospi Index fell by more than -5% on Friday after Samsung Electronics and SK Hynix sold off, sparking a global decline in chipmakers.  Stocks also came under pressure on Friday…

June 2026 Cyclical Fluctuations, Financial Frictions, and Productivity Differences across Firms Luca Guerrieri, Jinill Kim, and Arsenii Mishin Abstract: Within narrowly defined industries, the most productive firms produce far more than the least productive from the same inputs, and this dispersion widens in downturns. We build a tractable representative-agent model in which financial frictions—adverse selection and moral hazard—make firms sort endogenously into lenders, strategic defaulters, and producers. As credit conditions vary, the resulting misallocation gives aggregate total factor productivity (TFP) an endogenous component that accounts for about 30 percent of the variance of TFP at business-cycle frequencies, a…

Check out what’s clicking on FoxBusiness.com. The Golden State Warriors will have a new company patch on their jerseys, and it will set a new precedent in the sponsorship deal space. IREN, an Australian-founded vertically integrated AI cloud provider, will have its brand on the jerseys beginning with the 2026-27 season after a deal reportedly worth more than $50 million a year.The financial terms, first reported by Sportico, make it the largest sponsorship deal in North American sports. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM The Golden State Warriors will have an Iren patch on their jerseys beginning the…

The stock of SpaceX continues its consolidation phase on the New York Stock Exchange one week after its Nasdaq listing. Samuel Boivin | Nurphoto | Getty ImagesSpaceX became one of the quickest additions ever to the Nasdaq-100 index, setting up a fresh wave of buying from passive investors less than a month after the company’s blockbuster public debut.Nasdaq announced after the close Friday that SpaceX qualifies for inclusion in the benchmark technology index. Assuming the company meets the requirements, index-tracking funds and other product sponsors would begin purchasing shares after the market closes on July 6, with SpaceX officially joining…

The best government bond market may be outside the United States.Allspring Global Investments’ George Bory is pushing clients toward countries whose central banks are raising interest rates or have different inflation dynamics.”Bond markets everywhere have rushed to price inflation. Places like the UK, certainly across Europe, even places like Australia — we’ve seen a material run-up in central bank tightening expectations,” he told CNBC’s “ETF Edge” this week. “Now, some of that’s been delivered on already. The ECB raised rates just a few weeks ago. The expectation is they will do a bit more. But unless the Fed is going…

Key PointsSpace Exploration Technologies (NASDAQ: SPCX) has plenty of supporters, including the billionaire investor Ron Baron — and for good reason.Baron founded the asset management firm Baron Capital in 1982 with just $10 million. Earlier this month, the fund had total assets nearing $56 billion. SpaceX and Tesla (NASDAQ: TSLA) founder Elon Musk have played a big role in Baron Capital’s gains over the past 12 years, and Baron thinks SpaceX is poised to be something special.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For…

“Only 8% to 10% of people wait until age 70 to claim.”

“I want her to live on her Social Security instead of using it to pay off her credit-card debt.”

The European Central Bank The European Central Bank has completed a review of its supervisory guides and discontinued 30% of them amid its push for simplification.In a press release today (June 26), the ECB said it had assessed all supervisory guides, reports, letters and methodologies available on its website, totalling around 130 documents.The bank said it had identified around 40 documents that were “outdated, superseded or no longer relevant”, and which it had therefore discontinued.The ECB had also revised some Only users who have a paid subscription or are part of a corporate subscription are able to print or copy…

The market has rarely seen a technological revolution like the one the artificial intelligence boom has unleashed. Semiconductor companies, in particular, have been rewarded at a pace few investors have ever witnessed.  24/7 Wall St. Last year, Nvidia (NASDAQ:NVDA) dominated headlines as demand for AI accelerators exploded. This year, the spotlight has shifted to a different bottleneck: memory. Every AI server needs massive amounts of high-bandwidth memory (HBM), and there simply isn’t enough to go around. That shortage has transformed Micron Technology (NASDAQ:MU) from an important supplier in a cyclical industry into one of AI’s foundational infrastructure companies, and one…