Kospi enters bear market as AI concentration cuts both ways
South Korea’s benchmark dropped more than 5% Wednesday, taking it 20% below its June peak despite strong chip-sector earnings sign...
By Marcus V. Thorne 1 month agoSection
Markets
Temasek keeps direct crypto investing off limits after FTX loss
Singapore’s state investor is focusing on blockchain infrastructure, AI adoption and Europe while avoiding direct crypto bets, Nag...
By Marcus V. Thorne 1 month ago
Platner exit forces Maine Democrats to reset Senate race
Graham Platner said he will suspend his Maine Senate campaign after a 2021 sexual assault allegation, leaving Democrats to replace...
By Amanda Ross 1 month ago
Cramer warns new stock and bond supply could test bull market
CNBC’s Jim Cramer said heavy equity and debt issuance, rather than Iran tensions, may become the larger near-term risk for stocks.
By Marcus V. Thorne 1 month ago
Trump says he will ask Supreme Court to revisit citizenship ruling
The planned request follows a June 30 decision rejecting his order to narrow birthright citizenship for children of many immigrant...
By Amanda Ross 1 month ago
Levi Strauss lifts outlook after second-quarter sales beat estimates
Levi Strauss reported higher quarterly profit and revenue, then raised its full-year sales and adjusted earnings guidance as deman...
By Amanda Ross 1 month ago
SpaceX shares slip below debut price after Nasdaq 100 entry
SpaceX closed near $148 for a second straight session below its first trading price, despite index-related demand following its Na...
By Marcus V. Thorne 1 month ago
Meta plans $9bn Alberta data centre to expand AI infrastructure
The 1 gigawatt project in Sturgeon County is Meta’s first Canadian data centre and its 33rd globally, according to the company.
By Marcus V. Thorne 1 month ago
Michael Burry takes stakes in DraftKings and Flutter on regulation view
The investor said he bought a 60-40 position in Flutter and DraftKings, arguing prediction markets will face taxation and tighter...
By Marcus V. Thorne 1 month ago
Trump says Iran ceasefire is over after Hormuz attacks
The U.S. president questioned any further deal with Tehran after attacks on three commercial vessels near a key oil route.
By Sarah Jenkins 1 month ago
Nvidia gains as oil shock pressures broader Wall Street trading
US stocks fell Wednesday as crude and Treasury yields rose, while Nvidia advanced on a report about possible H200 chip sales in Ch...
By Amanda Ross 1 month ago
Fed minutes show split over next move on US interest rates
Federal Reserve officials kept rates at 3.5% to 3.75% in June while debating both cuts and increases later this year.
By Marcus V. Thorne 1 month ago