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Finance News — Page 70

CXMT Jumps 466% in Shanghai Debut, Tops ICBC Valuation

CXMT Jumps 466% in Shanghai Debut, Tops ICBC Valuation

Chinese DRAM chipmaker CXMT rocketed roughly 466% on its Shanghai STAR Market debut, raising $8.6 billion and overtaking ICBC to become China's most valuable listed company at a 3.3 trillion yuan mark

CNBC · 27d ago
Here's the tech stock to buy in a market losing patience with tech

Here's the tech stock to buy in a market losing patience with tech

Jim Cramer argues that Friday's tech selloff — driven by investor frustration with massive AI capex that hasn't yet shown returns — makes Intel the right stock to buy as data centers shift toward CPU-

CNBC · 27d ago
Experts Outline 5-Point SIP Checklist Before Market Correction

Experts Outline 5-Point SIP Checklist Before Market Correction

Financial experts from Navi AMC, Anand Rathi Wealth, Morningstar, Groww Mutual Fund and The Wealth Company outlined a 5-point checklist urging investors to prepare their SIPs before the next market co

Mint · 28d ago
Singapore Tightens Policy Again on Oil Inflation

Singapore Tightens Policy Again on Oil Inflation

Singapore's central bank unexpectedly tightened monetary policy for a second straight meeting, acting preemptively against renewed oil-driven inflation risks despite subdued domestic price pressures.

CNBC · 28d ago
Oil Sinks 5% as U.S.-Iran Pause Attacks; Futures Rally

Oil Sinks 5% as U.S.-Iran Pause Attacks; Futures Rally

Oil prices tumbled nearly 5% and U.S. stock futures climbed as Washington and Tehran paused two weeks of tit-for-tat strikes over the weekend, while investors also positioned for the Fed's policy meet

MarketWatch · 28d ago
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CXMT Soars 470% in Shanghai Debut, Hits $487B Market Cap

Chinese memory chipmaker ChangXin Technology Group (CXMT) soared as much as 470% in its Shanghai STAR Market debut, vaulting its market capitalization to roughly $487 billion and making it the most va

TechMeme · 28d ago
Shein posts $99m loss after Trump kills de minimis

Shein posts $99m loss after Trump kills de minimis

Fast-fashion giant Shein reported a $99m quarterly loss as Trump's removal of the de minimis import duty exemption on small packages hit US sales, even as customer growth and order volumes continued t

BBC Business · 28d ago
China industrial profit growth slows again in June as retreating oil prices sap earnings lift

China industrial profit growth slows again in June as retreating oil prices sap earnings lift

China's industrial profits grew 15.1% year-on-year in June, slowing for a second straight month as easing oil prices pulled producer prices down 0.3% month-on-month, raising doubts about the durabilit

CNBC · 28d ago
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Treasury Yields Surge as Fed Hike Odds Spike on Oil

Bond traders now see a better-than-one-in-three chance the Federal Reserve raises interest rates at its Wednesday meeting, as an escalation in the Iran conflict pushed Brent crude back above $100 a ba

Google News Business · 28d ago
Perry Warjiyo resigns as Bank Indonesia governor

Perry Warjiyo resigns as Bank Indonesia governor

Bank Indonesia Governor Perry Warjiyo has resigned mid-second-term, with President Prabowo Subianto accepting his departure and senior deputy governor Destry Damayanti taking over as interim head.

Straits Times Asia · 28d ago
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United Airlines approached Delta about potential merger

United Airlines reportedly approached Delta Air Lines last year about a potential merger, per Fox Business, though the article's body text is truncated beyond the opening sentence.

Google News Business · 28d ago
Fed Braces for July Meeting Split as Oil Surges

Fed Braces for July Meeting Split as Oil Surges

Federal Reserve officials head into their July 28-29 policy meeting facing a renewed surge in price pressures as Middle East tensions push oil higher, threatening to turn what had looked like a straig

Google News Business · 28d ago
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United Approached Delta on Merger Last Year

United Airlines CEO Scott Kirby approached Delta Air Lines CEO Ed Bastian last year about a merger that would have combined the two most valuable U.S. carriers, but the talks did not advance.

Google News Business · 28d ago
Russia’s Sberbank to launch crypto trading infrastructure this year

Russia’s Sberbank to launch crypto trading infrastructure this year

Sberbank, Russia's largest bank, plans to launch cryptocurrency trading infrastructure including a digital depository by Dec. 1 as Russia formalizes its first comprehensive crypto market framework.

Cointelegraph · 28d ago
Some high-earning investors will soon owe taxes on years of deferred capital gains

Some high-earning investors will soon owe taxes on years of deferred capital gains

High-earning investors in Qualified Opportunity Funds face a $75 billion tax bill by Dec. 31, 2026, as the deferral period created by the 2017 Tax Cuts and Jobs Act comes to a close.

CNBC · 28d ago
CFTC warns prediction markets again over template contracts

CFTC warns prediction markets again over template contracts

The CFTC issued its second warning in months to prediction market platforms like Kalshi, Polymarket, and Coinbase, telling them to stop filing broad, template-style self-certifications for event contr

CoinDesk · 28d ago
Alphabet Plunges 7% as $205B AI Capex Wipes Out Cash Flow

Alphabet Plunges 7% as $205B AI Capex Wipes Out Cash Flow

The tacit deal letting Big Tech splurge on AI while shareholders cheered has broken: Alphabet's plan to spend up to $205 billion on AI infrastructure this year drove free cash flow negative for the fi

Google News Business · 28d ago
Dimon: 10-Year Yields Should Stay Above 4-4.5% Even at 2% Inflation

Dimon: 10-Year Yields Should Stay Above 4-4.5% Even at 2% Inflation

Jamie Dimon argues 10-year Treasury yields should stay above 4.0–4.5% even at 2% inflation due to risk premiums, prompting Seeking Alpha analyst Leo Nelissen to lean into selective stock picks over br

Google News Business · 28d ago
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Fed Rate Hike Odds Surge as Oil Prices Rise

Multiple outlets report surging odds of a Fed rate hike at this week's meeting, driven by rising oil prices and positioning bond traders on edge.

Google News Business · 28d ago
July 31 ITR Deadline: What Taxpayers Risk Losing

July 31 ITR Deadline: What Taxpayers Risk Losing

India's July 31, 2026 income tax return deadline for salaried taxpayers and non-audit cases approaches, with late filing triggering fees, interest on unpaid taxes, and the permanent loss of capital lo

Mint · 29d ago

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