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Finance News — Page 64
Procter & Gamble revenue misses estimates as volume stays unchanged
Procter & Gamble reported mixed Q4 results, beating EPS estimates but missing on revenue as flat volume and rising input costs weighed on performance, sending shares down roughly 3% in morning trading
Kospi Drops 16% in Two Days on SK Hynix Miss
South Korea's benchmark Kospi Index plunged more than 16% over two days as disappointing SK Hynix earnings deepened fears about the AI buildout, triggering a second consecutive circuit breaker.
Tim Cook’s last earnings call comes at momentous time for Apple with stock at record
Tim Cook's final earnings call as Apple CEO lands this week as the company briefly touched a $5 trillion market cap, surpassing Nvidia. Investors will press incoming CEO John Ternus on memory-driven p
Cyclospora outbreak tied to Taco Bell will steal the spotlight from Yum Brands' earnings
As Yum Brands prepares to report Q2 earnings Thursday, a Cyclospora outbreak tied to its Taco Bell chain has hammered chain traffic and pushed Yum shares down 5%, eclipsing the quarterly numbers entir
Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision
Bitcoin edged up 0.75% to $64,328 as crypto markets held steady ahead of a Federal Reserve interest-rate decision that traders still price at a 35% probability of a hike — the first in three years.
SK Hynix Plunges 10% as Earnings Miss Deepens Chip Rout
SK Hynix shares plunged nearly 10% despite record quarterly results that missed consensus by about 5%, extending a crash that has now wiped out more than half the stock's value since June and dragging
Crypto Exchanges' Tokenized TradFi Hits $6.6B
CoinGecko reports that tokenized traditional assets on major centralized crypto exchanges grew nearly fivefold to $6.6 billion between January 2025 and June 2026, with perpetual futures on US stocks a
UBS CEO says the AI pullback is healthy — but there’s a bigger risk investors should watch
UBS posted a 64% jump in pre-tax profits to $3.6 billion in Q2 as CEO Sergio Ermotti called the AI-driven market correction "healthy" and flagged geopolitical volatility as the bigger near-term risk f
Fed Weighs Rate Hike Amid Stubborn Inflation
The Federal Reserve is weighing whether to hold or raise interest rates amid persistent inflation, with Chairman Kevin Warsh signaling resolve to restore price stability while monitoring AI's economic
South Korea's Kospi share index falls 6% and other Asian shares are mixed as oil prices surge - AP News
South Korea's Kospi fell 6% and broader Asian shares were mixed as oil prices surged, while a tech sell-off dragged SoftBank down 10% and SK Hynix's disappointing results fueled a record $2 trillion r
South Korea Minister Apologizes Over Leveraged ETF Losses
South Korea's finance minister apologized Wednesday after retail investors suffered heavy losses on leveraged single-stock ETFs tracking chip giants, with the Kospi plunging nearly 35% in a month as t
Morgan Stanley: Tokenized Assets to Bring Crypto Mainstream
Morgan Stanley executives say tokenized assets could bring blockchain-based finance to mainstream investors, as access to digital asset products expands and reshapes portfolio strategies.
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now
The Federal Reserve is expected to leave its benchmark interest rate unchanged at this week's meeting, but frustration over inflation running above the central bank's 2% target for over five years is
SK Hynix Record Profit Misses AI Expectations, Shares Fall 10%
SK Hynix posted record profit but still fell short of investors' outsized AI-fueled expectations, sending shares tumbling roughly 10% as Micron stock rose on the news.
South Korea plans stablecoin rules as opposition pushes crypto tax repeal
South Korea's Financial Services Commission will draft a unified Digital Asset Basic Act with the ruling Democratic Party to resolve 10 stalled crypto bills covering stablecoins and exchanges, while o
Markets Don’t Buy the US Ceasefire Against Iran Will Last
Prediction markets are pricing in roughly 50-50 odds that a newly announced US-Iran ceasefire will hold for two consecutive weeks, despite both sides holding fire for a third day.
Cramer flags Wall Street rotation out of AI memory stocks
Jim Cramer said Wall Street is taking profits in AI infrastructure winners and rotating into non-AI growth plays, with memory stocks like Western Digital giving back nearly 40% from June highs.
Micron’s stock sinks toward worst monthly drop in 11 years as China fears escalate
Micron's stock fell 8.9% on Tuesday and is now down more than 29% in July, putting it on track for its worst monthly drop since a 32.6% fall in June 2015, as investors grow increasingly anxious about
Chip Stocks Extend Pullback Amid AI Bubble Fears - Investopedia
Chip stocks extended a pullback as investors grew worried about an AI bubble, with CNBC reporting the selloff wiped out more than $1 trillion from companies powering the AI boom.
Microsoft Could Swing $189 Billion in Value After Earnings - Benzinga
Options traders are pricing in roughly $189–190 billion in market-value movement for Microsoft around its upcoming Q4 earnings report, as investors focus on returns from the company's heavy AI spendin
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