South Korea’s Kospi Index jumped by over 4% on Friday, capping a highly volatile week that saw it plunge to 7,060, its lowest level since May 20. It remains in a local bear market after falling by 20% from its highest point this year. Samsung and SK Hynix jumps The main driver for the ongoing
SK Hynix’s banks earned nearly $260 million in fees from the South Korean chipmaker’s US share sale, giving Wall Street a richer payday by percentage than last month’s record SpaceX listing. The fee pool shows how strongly banks can still monetise the AI capital-raising boom, even when headline economics look thinner than in traditional initial
Gold prices edged lower on Friday and were on track to post a weekly decline as escalating tensions between the United States and Iran heightened inflation concerns and reinforced expectations that the Federal Reserve could maintain a hawkish monetary policy stance. Spot gold slipped 0.1% to $4,115.79 per ounce by 0601 GMT. The precious metal
easyJet share price will be in the spotlight today as a new bid from a giant American private equity company emerged. The stock ended Thursday at 588p, a few points below the weekly high of 621p. Apollo Global Management has placed a bid for easyJet easyJet, one of the top discount airlines in Europe, is
Silver prices advanced during European trading on Friday as continued weakness in the US dollar and easing oil prices supported demand for the precious metal. Meanwhile, gold prices edged lower and remained on track for a weekly decline as escalating tensions between the United States and Iran reinforced expectations that the Federal Reserve could maintain
Broadcom’s latest challenge to Nvidia is not another processor designed to replace its market-leading GPUs. It targets the network that enables thousands of those processors to operate as a single computing system. DriveNets on July 1 unveiled two AI-networking platforms built around Broadcom’s Tomahawk 6 switch chip. The systems promise faster connections with fewer networking
Financial markets remained volatile heading into the weekend as investors avoided taking large positions amid continued uncertainty surrounding the conflict involving Iran and the United States. Market participants largely stayed on the sidelines, limiting major moves across asset classes. The June labor market report from Canada is expected to be the day’s only major economic
PepsiCo beat Wall Street expectations for second-quarter revenue and profit on Thursday, but investors focused on the company’s warning that inflationary pressures continue to weigh on consumer spending in North America, sending its shares slightly lower in premarket trading. The snacks and beverages giant reaffirmed its full-year outlook, as it continues to benefit from resilient
Bull markets are liars. When everything’s pumping, a coin backed by nothing outruns a protocol with real users and revenue. Everyone’s a genius and every founder a visionary. Then the market turns, and the truth bubbles up. 2026 has been that kind of year. Bitcoin started above $90,000 and face-planted to a 21-month low near
Micron Technology shares surged 6% in premarket trading on Thursday after the memory-chip maker announced plans to invest up to $3 billion to strengthen the US semiconductor supply chain. The bullish analyst commentary and improving sentiment toward AI-related memory demand further supported the stock. Micron announces $3 billion US supply chain investment Micron Technology said