Today: 16 May 2026

Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

XRP Price Today: Why Fresh Inflows Still Can’t Stop the Slide Toward $1.30

XRP Price Today: Why Fresh Inflows Still Can’t Stop the Slide Toward $1.30

XRP fell near $1.31 Tuesday, down 2% in its third straight daily decline, as a broad crypto sell-off outweighed fresh inflows. Open interest in crypto futures dropped over 3% in 24 hours, with traders cutting leverage. XRP’s market value stood at $81.1 billion, with $1.86 billion in daily turnover. Ripple-backed Keyrock was valued at $1.1 billion after a funding round led by Standard Chartered’s SC Ventures.
31 March 2026
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Bitcoin Price Today: BTC Briefly Tops $68,000 as Iran Off-Ramp Talk Lifts Risk Mood

Bitcoin Price Today: BTC Briefly Tops $68,000 as Iran Off-Ramp Talk Lifts Risk Mood

Bitcoin rose 1.2% to $67,557 on Tuesday after briefly topping $68,000, following reports President Trump may ease the U.S. military campaign against Iran. U.S. spot bitcoin ETFs saw $69.4 million in net inflows on March 30, reversing some of last week’s outflows. Strategy reported no new bitcoin purchases for March 23-29, holding 762,099 coins at an average $75,694 each. Ether climbed 2.8% to $2,096.20.
31 March 2026
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Silver Price Today: Spot Silver Jumps 6.7% as Dollar Softens, but March Losses Still Bite

Silver Price Today: Spot Silver Jumps 6.7% as Dollar Softens, but March Losses Still Bite

Spot silver jumped 6.7% to $74.64 an ounce Tuesday as the dollar weakened and traders reacted to signs the Iran conflict may not escalate. The metal remains down 20.4% for March. Germany said it will reduce silver content in collector coins after recent price swings. The Silver Institute projects a sixth consecutive annual supply deficit despite rising mine output.
31 March 2026
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Dow Jones Today: Index Rebounds on Iran De-escalation Hopes, but Worst Month Since 2022 Still Looms

Dow Jones Today: Index Rebounds on Iran De-escalation Hopes, but Worst Month Since 2022 Still Looms

The Dow Jones rose 1.2% to 45,764.14 Tuesday as investors speculated on a possible U.S. pullback in Iran, despite the Strait of Hormuz remaining partly closed. The index remains down more than 10% from its record high and is on track for its steepest quarterly drop since early 2022. Job openings fell by 358,000 in February, while Brent crude surged 5.5% and approached a record monthly gain.
31 March 2026
US Stock Market Today: Wall Street Rallies, Nasdaq Jumps, but S&P 500 Still Faces Worst Quarter Since 2022

US Stock Market Today: Wall Street Rallies, Nasdaq Jumps, but S&P 500 Still Faces Worst Quarter Since 2022

Wall Street’s main indexes climbed Tuesday after a report that President Trump may end the U.S. military campaign against Iran even if the Strait of Hormuz remains mostly closed. The Dow rose 1.2%, the S&P 500 gained 1.5%, and the Nasdaq jumped 2.0% by early afternoon. Brent crude hovered near $119 a barrel after a tanker was hit off Dubai. U.S. job openings and hiring both fell to their lowest since March 2020.
31 March 2026
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NIO Opens First Americas Store in Costa Rica as Chinese EV Maker Pushes Overseas Growth

NIO Opens First Americas Store in Costa Rica as Chinese EV Maker Pushes Overseas Growth

NIO Inc has opened its first NIO House showroom in Costa Rica, marking its retail debut in Latin America and the Americas. The site, developed with local distributor Horizontes Cielo Azul, will sell NIO, ONVO, and Firefly brands. NIO reported fourth-quarter deliveries up 71.7% to 124,807 vehicles and revenue of 34.65 billion yuan. ONVO L90 pre-sales begin April 16 at Costa Rica’s Expomovil auto show.
31 March 2026
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Snap Stock Jumps as Activist Irenic Targets Specs, Costs and Governance

Snap Stock Jumps as Activist Irenic Targets Specs, Costs and Governance

Snap shares rose 12% to $4.50 midday Tuesday after Irenic Capital disclosed a 2.5% economic interest and urged CEO Evan Spiegel to overhaul the business. Irenic called for a review of Specs, deeper cost cuts, stronger ad execution, and governance changes. Snap reported Q4 revenue of $1.72 billion and 474 million daily active users. Class A shareholders, including Irenic, have no voting rights.
31 March 2026
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Dow, S&P 500, Nasdaq Rebound as Trump Signals Flexibility on Strait of Hormuz, but Oil Risk Lingers

Dow, S&P 500, Nasdaq Rebound as Trump Signals Flexibility on Strait of Hormuz, but Oil Risk Lingers

U.S. stocks surged Tuesday after reports President Trump was open to ending military action against Iran even if the Strait of Hormuz stayed closed. The Dow jumped 555 points by midmorning, while the S&P 500 and Nasdaq also rallied. Oil prices remained volatile, with Brent near $107 a barrel. The S&P 500 and Dow, however, were still set for their steepest monthly losses since 2022.
31 March 2026
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TQQQ, QLD Bets Grow at Wealth Advisers as Nasdaq Correction Tests Leveraged ETFs

TQQQ, QLD Bets Grow at Wealth Advisers as Nasdaq Correction Tests Leveraged ETFs

Sherman Wealth Management, Wealth Enhancement Advisory Services, and Woodward Diversified Capital disclosed large year-end stakes in leveraged Nasdaq-100 funds, SEC filings show. The Nasdaq Composite has since fallen over 10% from its October high, putting these geared positions under pressure. The reported holdings reflect December 31 positions; current exposures may differ after recent market declines.
31 March 2026
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Is Pfizer Stock a Buy? Shares Hit Fresh High as Bulls and Bears Clash Over Valuation

Is Pfizer Stock a Buy? Shares Hit Fresh High as Bulls and Bears Clash Over Valuation

Pfizer shares hit a 52-week high of $28.30 in New York Tuesday, lifted by recent drug pipeline updates and strong fourth-quarter sales. The company reported Q4 revenue of $17.56 billion and reaffirmed 2026 guidance. Some analysts remain cautious, with Acquirer’s Multiple valuing shares at $14–$15. Recent trial data showed positive results for Talzenna in prostate cancer and atirmociclib in breast cancer.
31 March 2026
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Gold Price Rebounds, but Iran War Still Leaves Bullion Facing Its Worst Month Since 2008 (Reuters)

Gold Price Rebounds, but Iran War Still Leaves Bullion Facing Its Worst Month Since 2008 (Reuters)

Gold climbed to $4,572.89 an ounce in early New York trade Tuesday but remained down 12.4% for March, its sharpest monthly drop since 2008. Brent crude rose 2.4% to $115.50 a barrel after the Strait of Hormuz closure. Silver gained 4.1% to $72.82 but was still down 22.4% for the month. Analysts cited rising bond yields, central-bank sales, and unwinding of gold-backed funds as key pressures.
31 March 2026
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Rocket Lab Stock Jumps as Germany Clears Mynaric Buyout, Putting Europe Push in Reach

Rocket Lab Stock Jumps as Germany Clears Mynaric Buyout, Putting Europe Push in Reach

Germany approved Rocket Lab’s acquisition of Mynaric, clearing the way for the $75 million deal to close in April. Rocket Lab shares rose 6.7% to $61.21 in early U.S. trading Tuesday. The purchase gives Rocket Lab its first European base in Munich and direct control over a key laser-communications supplier. Mynaric will remain headquartered in Munich after the deal closes.
31 March 2026
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Jamie Dimon Rolls Out JPMorgan’s $80 Billion American Dream Initiative as Private Markets Bet Grows (JPMorgan Chase)

Jamie Dimon Rolls Out JPMorgan’s $80 Billion American Dream Initiative as Private Markets Bet Grows (JPMorgan Chase)

JPMorgan Chase launched a $80 billion, 10-year small-business lending initiative and aims to grow its small-business clients to 10 million. The bank also hired Rand Araskog and promoted Eric Ghernati to expand its private capital unit as more companies delay going public. The program will target cities including Atlanta, Los Angeles, and Philadelphia. J.P. Morgan reiterated a Hold rating on Cushman & Wakefield.
31 March 2026
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Blackstone Names Tommy Fleetwood First Global Brand Ambassador as Wealth Management Push Heats Up

Blackstone Names Tommy Fleetwood First Global Brand Ambassador as Wealth Management Push Heats Up

Blackstone named golfer Tommy Fleetwood as its first global brand ambassador as it targets wealthy individual investors, with private-wealth assets reaching $302 billion at end-2025. Fleetwood, ranked world No. 4, will wear Blackstone’s logo and appear at client events. The move comes as rivals like Carlyle expand in private wealth and U.S. regulators consider opening retirement plans to private assets.
31 March 2026
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Marvell Stock Back in Focus After Nvidia’s $2 Billion Bet on AI Networking

Marvell Stock Back in Focus After Nvidia’s $2 Billion Bet on AI Networking

Nvidia invested $2 billion in Marvell Technology and expanded their AI infrastructure partnership, sending Marvell shares higher in premarket trading Tuesday. Marvell projects fiscal 2027 revenue near $11 billion after reporting record 2026 sales and a 21% jump in fourth-quarter data-center revenue. The deal focuses on custom AI chips and high-speed networking. Broadcom is also targeting this market.
31 March 2026
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Oracle Layoffs Hit India After 6 a.m. Emails, Raising Fresh AI Spending Questions

Oracle Layoffs Hit India After 6 a.m. Emails, Raising Fresh AI Spending Questions

Oracle employees in India began receiving layoff emails early Tuesday, with no official headcount disclosed by late in the day, Indian media reported. The company’s latest filing raised estimated fiscal 2026 restructuring costs to $2.1 billion, mostly for severance. Oracle is continuing with $50 billion in planned capital spending for AI data centers.
31 March 2026
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Stock Market Today

  • DroneShield ASX:DRO Faces Governance Scrutiny Amid ASIC Probe; Valuation Debate Intensifies
    May 15, 2026, 11:08 PM EDT. DroneShield (ASX:DRO) is under an ASIC investigation over executive share trading and announcements from November 2025, raising governance concerns. Despite strong gains over five years with an 18x total shareholder return, recent stock momentum has waned, dropping 12.1% over 30 days to close at A$3.27. Market debate centers on whether this weakness signals a buying opportunity or reflects baked-in growth risks. The leading valuation narrative pegs fair value at A$8.57, implying significant upside based on scalable defence contracts across NATO and US channels. However, the stock's price-to-sales ratio of 13.9x notably exceeds sector averages, indicating elevated valuation risk if growth falters. Investors should weigh potential procurement timing risks and ASIC probe fallout against the company's positioning in the expanding defence technology market.

Latest articles

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

16 May 2026
U.S. stock ETFs fell in after-hours trading Friday following a more than 1% drop in the S&P 500, Dow, and Nasdaq. Oil surged 4.2% to $105.42 a barrel and the 10-year Treasury yield hit 4.597%, fueling concerns over inflation and Fed rate hikes. Nvidia, AMD, and Intel led chip declines, while Berkshire Hathaway disclosed a $2.65 billion Delta stake and exited Amazon, Visa, and Mastercard.
Accuray inks 10-year cancer tech agreement, shares in focus

Accuray inks 10-year cancer tech agreement, shares in focus

16 May 2026
Accuray and the University of Wisconsin School of Medicine and Public Health signed a 10-year research agreement focused on Accuray’s Stellar adaptive radiotherapy platform. The announcement came after market close, with Accuray shares ending down 5.2% at $0.27. The deal follows Accuray’s recent withdrawal of fiscal 2026 guidance and ongoing financial pressures.
Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

16 May 2026
Origin Materials asked shareholders to approve a plan to liquidate and dissolve the company, estimating an initial payout of $0.61 to $3.54 per share depending on asset sales and claims. Shares rose 15% to $1.43 after the filing. The company reported a 91% drop in first-quarter revenue and warned it may not survive without the wind-down. Origin cut 59% of its workforce and CEO John Bissell stepped down May 1.
NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

16 May 2026
NextNRG reported first-quarter revenue of $21.1 million, up 29% from a year earlier, but its net loss widened to $10.8 million. Cash fell to $208,048 at quarter-end, and management warned it needs immediate capital to continue operations. Shares closed at $0.2804 on Nasdaq, down nearly 6%. Total liabilities reached $34.3 million, with a stockholders’ deficit of $22 million.
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