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Morning News Wrap-Up: Thursday’s Market Highlights Amid Juneteenth Closure

Morning News Wrap-Up: Thursday’s Market Highlights Amid Juneteenth Closure

Author:
Global Cryptocurrency
Published:
2025-06-19 17:42:02
9
1

Investors navigated a news-heavy Thursday despite U.S. market closures for Juneteenth, with TipRanks delivering key insights. Microsoft's AI-driven layoffs signal industry turbulence, while CarMax and Kroger brace for earnings releases. BYD faced investor skepticism over Brazilian expansion plans, contrasting with SoFi's sustained rally.

Regulatory shadows loomed as Visa dipped on stablecoin legislation and the Fed held rates firm until potentially late 2025. Morgan Stanley's bullish Meta endorsement countered Stellantis' recall woes. Elon Musk's X ventures into financial services, while SoundHound AI attracted scrutiny over share ownership patterns.

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