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Oil jumps after Iran attempts ‘surprise attack’; chip stocks slump further as AI sell-off continues – business live
Investors in chip stocks around the world are growing increasingly nervous about AI spending – and the South Korean SK Hynix , which specialises in manufacturing dynamic random-access memory chips and flash memory chips…
Minister apologizes as Korean leveraged ETF investors nurse heavy losses amid chip stock rout
South Korea's finance minister apologized on Wednesday after retail investors racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year.
Actress Elisha Cuthbert sells her West Hollywood home for $1.9 million after price cut
Hollywood actress Elisha Cuthbert has officially sold her lavish Los Angeles home for $1.93 million, days after the property was put back on the market with a significant discount.
Shares in Asian chip firms plunge further as AI sell-off continues
Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, which sent the country’s stock market tumbling for a second day in a row .
BTS' concerts have been so successful, it's now bad for its own agency Hybe's shares
Despite the success of BTS powering South Korea's largest K-pop agency Hybe to a stellar set of second quarter results, the agency saw as much as 2.845 trillion won ($1.96 billion) wiped from its market cap in less than…
‘We already have wills’: We’re in our 60s with $1.5 million. How do we prevent family drama among our heirs?
‘We already have wills’: We’re in our 60s with $1.5 million. How do we prevent family drama among our heirs? “I realize that probate can be lengthy, public and expensive.” Read at source
Bear of the Day: Strategy (MSTR)
Strategy, formerly known as MicroStrategy, has become the market’s most prominent Bitcoin treasury vehicle.
Why America's super rich have embraced the appeal of British soccer teams
As the dust settles after the FIFA World Cup, soccer fans' attention turns to the start of Europe's domestic league seasons. The English Premier League — by some distance the most popular soccer league in the world — ki…
Deutsche Bank Q2 2026 slides: record H1 profit, 20-quarter growth streak
ROSEMONT, ILLINOIS – Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record net income of $461.1 million, or $6.52 per diluted common share, for the first six months of…
Sugar Prices Fall as Crude Oil Plunges
May NY world sugar #11 (SBK26) today is down -0.29 (-1.99%), and May London ICE white sugar #5 (SWK26) is down -6.40 (-1.49%).
Asian technology stocks extend sell-off with SoftBank down 7% as AI plays take a hit
Asian technology stocks extended their sell-off on Wednesday, with semiconductor names leading declines after another weak session in the U.S.
Sugar Prices Fall as Crude Oil Plunges
May NY world sugar #11 (SBK26) today is down -0.29 (-1.99%), and May London ICE white sugar #5 (SWK26) is down -6.40 (-1.49%).
‘Ask the right questions’: what you need to know before buying shares
Whether it is SpaceX or a bank, getting the right facts about a firm can offer vital insights before you invest in it
Precision Drilling (PDS) Reports Q2 Loss, Beats Revenue Estimates
Precision Drilling (PDS) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of $0.43. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurr…
Kimi K3: DeepSeek 2.0, or is this Time Different?
On January 27, 2025, a relatively unknown Chinese-based artificial intelligence company shook up Wall Street. At the time, the AI buildout was in the early innings, and the majority of leading U.S-based technology stock…
Dollar holds steady as Fed decision looms
Gold held steady in early trading ahead of the Federal Reserve decision later this week, with markets largely pricing in a rate hold while watching Chair Powell’s statement for clues on the timing of future rate cuts. E…
Sensorion announces 50-for-1 reverse stock split
Reverse share split by the exchange of 50 existing shares with a par value of €0.10 for 1 new share with a par value of €5
Gold prices steady ahead of Fed decision; oil rebound revives inflation concerns
(Kitco News) – Gold prices saw another turbulent week, as early safe-haven support faded into a sharp midweek selloff after hotter U.S. inflation data, renewed Middle East fighting, and rising Fed rate-hike expectations…
Cattle Bouncing Back Higher on Tuesday
Live cattle futures are up $1.97 to $3.30 across most contracts at midday. Early bids of $228 are being reported which is just slightly lower than the $230-231 trade from last week. Feeder cattle futures are showing fro…
Iran fires missiles at U.S. forces in Middle East, ending ceasefire lull
This blog is closed. Below is a roundup of the developments in Iran and the Middle East on Monday, June 1.
Stocks Settle Mostly Higher on Positive Earnings Results
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.21%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.98%. September E-mini S&P futures (ESU26…
SK Hynix's record profit misses forecasts, shares slump 10% despite robust AI chip demand
SEOUL, July 29 (Reuters) - South Korean chipmaker SK Hynix reported bumper quarterly results on Wednesday but fell short of lofty investor expectations, heightening market concerns about slower AI spending by big tech f…
Saudi Arabia has a new, and pricier, workaround to export its oil
Hi, Paul Krugman here. Recording a video today rather than one of my usual posts,.I just feel like I’ve been too immersed in charts and wanted to do something shorter, simpler, whatever.