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On today's Market Minute, Yahoo Finance host Brad Smith examines the top stories of the trading day, including Kerrisdale Capital's shorting of IonQ's stock (IONQ), gold prices (GC=F), and SoFi's (SOFI) $5 billion deal with Blue Owl Capital (OBDC, OWL)
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's market minute. US major averages slip amid the latest tariff threats and a looming government shutdown. Shares of IonQ sliding after Carsdale Capital discloses it's shorting the stock. Carsdale claiming that the company is far from being on the verge of commercial success and facing the challenge all early stage computing companies face, which is scalability. Turning to metals, gold prices rise to a fresh all-time high. The move higher comes amid elevated tariff uncertainty. BNP Paribas expecting gold prices to ultimately reach $3,100 per ounce in the coming months. And lastly, Sofi Technologies expanding its loan platform business. The company finalizing a business agreement of up to $5 billion with Blue Owl Capital for personal loans. That's your Yahoo Finance market minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the session.