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Finance News — Page 57
Amazon jumps 12% on AWS growth as Apple drops 7%
Amazon shares jumped 12% as AWS revenue grew 37% — its strongest expansion since 2021 — while Apple dropped 7% on weak guidance, as investors began sorting Big Tech AI winners from laggards based on c
Live updates: Bitcoin slides back below $64,000 as Nasdaq continues rally
Crypto markets sold off while U.S. equity futures extended Thursday's rally ahead of the bell, as Amazon's 11.6% post-earnings surge offset an 8% drop in Apple shares.
SK Hynix Surges 30%, Samsung 27% as AI Stocks Rebound
SK Hynix and Samsung posted record single-day gains of 30% and 27% in Seoul on Friday as blockbuster Microsoft and Amazon earnings revived AI spending optimism across Asia's semiconductor sector.
Kospi Jumps 18% as SK Hynix, Samsung Surge on AI Earnings
South Korea's Kospi surged nearly 18% on Friday as SK Hynix and Samsung Electronics rebounded 28-30% from a three-day chip rout, fueled by blowout Amazon and Microsoft earnings that revived AI investm
Shein's Hong Kong IPO Arrives as Growth Stalls and Valuation Crashes
Shein won long-sought Beijing approval for a Hong Kong IPO, but the green light arrives as the fast-fashion giant's growth has stalled, its valuation has crashed to roughly a third of its 2022 peak, a
BOJ Holds Rates at 1%, Warns Core Inflation to Top 2%
The Bank of Japan held its benchmark rate at 1% by an 8-1 vote while warning that core inflation is likely to accelerate clearly above its 2% target from the second half of fiscal year 2026, citing wa
Kospi Posts Record 14% Rebound on AI Trade Optimism
South Korea's Kospi posted its largest one-day jump on record — a 14% surge — as upbeat U.S. AI-linked tech earnings and SK Group chairman share purchases triggered a sharp rebound from one of the wor
Why Old Bridge's Kenneth Andrade is avoiding IT despite attractive valuations
Kenneth Andrade, founder and CIO of Old Bridge Mutual Fund, argues Indian equities are set for low double-digit returns as earnings revive, but he is staying out of IT despite cheap valuations and is
Kospi Jumps 14% as Microsoft, Amazon Quell AI Fears
Microsoft and Amazon's upbeat earnings sparked a sharp Asian markets rebound Friday, sending South Korea's Kospi up 14%, while suspected coordinated intervention steadied the yen ahead of the Bank of
AAPL Slides 6% as Cook Warns of Memory 'Flood'
Apple shares fell more than 6% in extended trading after the company beat fiscal Q3 expectations but warned of worsening memory chip supply constraints and issued weaker-than-expected current-quarter
Corporate Insiders Most Bearish in 20+ Years
Corporate insiders have grown more bearish than at any point in more than two decades, selling their companies' shares at a far faster pace than buying in July, according to MarketWatch columnist Mark
Reddit Plunges 11% on Choppy Google Search Referrals
Reddit shares plunged 11% after Q2 earnings beat estimates, as CEO Steve Huffman flagged "choppy" Google search referrals and investors fixated on the platform's growing dependence on a single traffic
Big Tech's $1.5T AI Buildout Stokes Wall Street Jitters
Big Tech's combined AI capital expenditures hit $170 billion in Q2 2026, up 72% year-over-year, as Amazon, Google, Meta, and Microsoft race to build data centers—prompting growing Wall Street jitters
AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
Former OpenAI researcher Leopold Aschenbrenner's hedge fund Situational Awareness is unwinding AI and software bets after steep losses, with prime brokers raising cash to meet margin calls and Citadel
Coinbase Q2 profit misses estimates despite record crypto market share
Coinbase's Q2 results showed a widened $359 million net loss despite capturing a record 10.3% share of global crypto trading volume, as softer spot trading and low volatility dragged transaction reven
US GDP Slows to 1.5% in Q2; Consumer Spending Jumps 3.2%
US economic growth slowed to a 1.5% annualized rate in Q2 2026 — well below the 2.1% economists polled by Reuters had forecast — as a widening trade deficit offset a 3.2% rebound in consumer spending
US economic growth slows unexpectedly in second quarter - Fox Business
US economic growth slowed to a 1.5% annualized pace in the second quarter, undershooting expectations, while June core inflation held at an elevated 3.3%, per CNBC's coverage of the fresh data.
Warsh Faces Market Backlash on Inflation Plan
Federal Reserve Chairman Kevin M. Warsh is facing market pushback for making inflation control his top priority while hesitating to signal higher borrowing costs.
US economic growth sees surprise slowdown in second quarter
US economic growth unexpectedly slowed to 1.5% in the second quarter as declines in government spending, investment, and exports offset a strong rebound in consumer spending, according to the Commerce
US GDP Slows to 1.5% as Iran War Lifts Gas Prices
U.S. GDP growth slowed to a 1.5% annualized rate in Q2 2026, well below the 2.1% economists expected, with the Commerce Department tying the weakness to the Iran war's disruption of energy markets and
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