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SK Hynix surges 12% after Micron earnings; blockbuster Nasdaq listing
SK Hynix jumped more than 12% on Thursday after US rival Micron posted blockbuster AI-fueled earnings and SK Hynix unveiled plans for a $29.4 billion American depositary receipt listing on Nasdaq.
Asian Stocks Surge as Micron's $22B Orders Ease AI Fears
Asian equities surged on June 25 after blowout earnings from Micron and Qualcomm eased AI-valuation fears, while oil fell back to pre-war levels as stranded tankers exited the Strait of Hormuz followi
South Korea’s IPO bust clouds equity markets as Chaebol structure restrains listings
South Korea's IPO market has collapsed to just 15 listings raising $700 million year-to-June, down from an 80-per-year average between 2020-2025, as family-run conglomerates resist governance reforms
Cerebras Plunges as CEO: Margin Outlook 'Misunderstood'
Cerebras stock plunged after its first quarterly earnings, with the CEO blaming a 'misunderstood' margin outlook as the company reported soaring revenue but forecast full-year negative margins.
Tech Drags Nasdaq Down 0.43% as Oil Slide Lifts Airlines
Tech stocks dragged the Nasdaq down 0.43% on Wednesday as valuation jitters, Fed rate-hike fears, and OpenAI's new in-house AI chip punished chipmakers, while falling oil prices boosted airlines and h
Micron stock jumps 15% as revenue more than quadruples
Micron's fiscal Q3 revenue more than quadrupled year-over-year to $41.46 billion on AI-driven memory demand, beating estimates and sending shares up 15% in extended trading.
JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
JPMorgan Chase, Goldman Sachs, Morgan Stanley, and Wells Fargo announced billions in buybacks and double-digit dividend increases after the Federal Reserve's annual stress test showed all 32 large ban
The Next GameStop? Meme Stock Traders Make Biggie-Size Bet on Wendy's
Reddit's r/WallStreetBets rallied around Wendy's as the next meme stock, driving WEN shares up roughly 26% on Wednesday on volume nearly 20x its daily average. The article also flags a Solana-based 'W
JPMorgan announces $50B buyback after Fed stress test
Top U.S. banks announced major capital returns after passing the Federal Reserve's annual stress test, with JPMorgan leading through a $50 billion buyback and dividend hike.
'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive
Bitcoin plunged to a 21-month low on Wednesday, dragging Ethereum, XRP, Solana, and Dogecoin lower while crypto stocks like Strategy, Coinbase, and BitMine posted sharp declines, with analysts blaming
Qualcomm stock pops 15% after chipmaker almost doubles projection for 2029 non-handset revenue
Qualcomm shares jumped 15% after nearly doubling its fiscal 2029 non-handset revenue forecast to $40 billion, unveiling a new data center CPU with Meta as a 2028 customer and acquiring Modular to riva
Micron forecasts quarterly revenue above estimates driven by strong demand for memory chips
Micron Technology's quarterly forecast and disclosure that customers have committed $22 billion to lock in memory chip supplies sent its shares up 12% after hours, underscoring how AI-driven shortages
Bank of Canada policy-makers agree to keep monetary policy nimble amid U.S. trade restrictions, high energy prices
The Bank of Canada held its policy rate at 2.25% and pledged to keep monetary policy "nimble" to respond to U.S. trade restrictions and energy-price shocks, per minutes from its June 10 meeting that h
Fed Stress Tests: US Banks Would Lose $708bn in Crash
The Federal Reserve's 2026 stress tests found the 32 largest US banks would lose $708bn in a severe economic downturn but still meet capital requirements, prompting several Wall Street lenders to anno
Tech Rout Deepens, Oil Crashes as Hormuz Reopens
US stocks diverged on Wednesday as the Dow edged higher while the S&P 500 and Nasdaq fell on continued AI-linked selling, and oil prices plunged to their lowest since the start of the US-Iran war as t
Federal Reserve Board's annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses
The Federal Reserve's 2026 annual stress test showed all 32 large banks would remain above minimum capital requirements even after absorbing $708 billion in projected loan losses under a severe recess
US Stocks Rise as Oil Drops to Prewar Levels
US stocks edged higher as falling oil prices, which dropped to prewar levels, eased pressure on the market following a two-day tech slide, with the Dow gaining 100 points and the Nasdaq and S&P 500 in
Bitcoin falls back under $60,000, hitting its lowest level since October 2024
Bitcoin slid below $60,000 for the third time this year, hitting its lowest level since October 2024 as an eight-month bear market deepens amid rotating capital and persistent inflation concerns.
Micron Options Price In 13% Post-Earnings Swing
Micron Technology (MU) options traders braced for a massive post-earnings swing after the chipmaker's shares fell about 13% on Tuesday, with near-the-money straddles implying a possible range of $920
AI Chip Boom Masks K-Shaped Divide in South Korea
The AI chip boom has pushed South Korean and Taiwanese stock markets and exports to record highs, but economists warn the gains are concentrated in a narrow sector, leaving most of the economy to grap
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