High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Scott Melker outlines how crypto-related stocks, like Gemini (GMNI), Bullish (BLSH), eToro (ETOR), and BitGo (BTGO), are trading in relation to bitcoin (BTC-USD) prices. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's crypto hub to find the latest crypto-related news.
Stocks were on track for a choppy week as investors awaited the marquee SK Hynix US listing.
JD.com (JD) unit JD Property-backed group is preparing to confidentially file for an initial public
(Bloomberg) -- In the weeks leading up to SpaceX’s monster IPO, many Wall Street pros feared the deal represented an existential threat for Elon Musk’s other giant, Tesla Inc. But after a month in the stock market, the outcome is far from clear. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Ira
<body><p>STORY: From a massive SK Hynix IPO to Samsung's giant profits...</p><p>This is the week in numbers.</p><p>:: $26.5 billion</p><p>$26.5 billion is how much chipmaker SK Hynix raised in a Wall Street listing on Thursday.</p><p>That was according to a U.S. regulatory filing.</p><p>A source said demand for the U.S. shares sale was more than seven times oversubscribed.</p><p>The South Korean firm is the world's leading supplier of high-bandwidth memory chips - critical features in advanced processors powering AI systems.</p><p>George Godber is a UK Fund Manager with Polar Capital: </p><p>"The chip plays have been the absolute epicenter of the AI capex spend. There's a lot of attention there. There's an awful lot of demand. There's a lot of retail interest. But it is volatile." </p><p>:: $7.7 billion</p><p>$7.7 billion is how much Apollo Global Management bid for easyJet.</p><p>The U.S. investment firm outbid a rival offer from Castlelake for the British budget airline.</p><p>EasyJet said it would support Apollo's proposal and withdrew support for Castlelake just days after agreeing in principle to a deal.</p><p>The updates sent the carrier's shares soaring during the week.</p><p>:: 46%</p><p>Close to 46% is how much Fast Retailing's profit rose during the previous quarter.</p><p>The Japanese owner of clothing brand Uniqlo said operating profit hit $1.32 billion in the three months through May.</p><p>It managed this while dealing with the Iran war's impact on supply chains and logistics.</p><p>It also put the firm on its way to an expected fifth straight year of record earnings.</p><p>:: 12</p><p>Up to 12 is how many submarines Canada could want Germany's TKMS to build for them.</p><p>TKMS beat out a competing offer from South Korea's Hanwha Ocean.</p><p>Canadian prime minister Mark Carney said Ottawa will now enter talks with the German company.</p><p>"TKMS is the best choice for Canadian workers. It will directly create and sustain an ecosystem of well over 100,000 well-paying jobs across Canada."</p><p>:: $58 billion</p><p>And $58 billion is how much operating profit Samsung flagged for the second quarter. </p><p>The South Korean tech giant expects a 19-fold leap in profits over the quarter from a year earlier, with revenue expected to soar 129%.</p><p>It comes as the global AI boom drives soaring demand for chips, sending prices for silicon sky-high.</p><p>That’s a boost for Samsung, which is the world’s largest maker of memory chips.</p></body>
SK Hynix is bringing its ADR to the U.S. market with a reputation as the more explosive memory chip play, but whether its debut pricing leaves any room for gains is the question every investor needs to answer before the opening bell rings.
(Bloomberg) -- Shein Group Ltd. is moving ahead with preparatory work for a possible Hong Kong initial public offering, people familiar with the matter said, potentially capping a yearslong effort by the fast-fashion giant to go public.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Iran and Warn
MARA Holdings (NasdaqCM:MARA) acquired more than 1,200 acres of powered land in Texas, expanding its data center footprint. The company aims to support up to 2 GW of grid capacity on the site by 2028. The move marks a shift toward artificial intelligence and high-performance computing infrastructure, beyond Bitcoin mining. MARA is working with partners including HIF USA and Starwood Digital Ventures on this expansion. MARA Holdings, known primarily for its Bitcoin mining operations, is now...
Petrobras has completed the acquisition and assumed operatorship of an offshore exploration block in São Tomé and Príncipe.
Chipotle Mexican Grill (NYSE:CMG) has partnered with PGA Tour 2K25 to link in game achievements to real world food rewards. The company also reported active investments in six early stage businesses through its Cultivate Next venture fund. The new investments target agriculture, sustainability, supply chain and restaurant technology solutions. Chipotle Mexican Grill is adding fresh angles to customer engagement and longer term planning at the same time. Alongside its current share price of...
Tencent is in talks to become the largest shareholder of Manus as investors race to unwind Meta’s $2bn acquisition of the AI agent start-up after...
Quantum Computing Inc. (NasdaqCM:QUBT) acquired NHanced Semiconductors to expand its role in domestic chip manufacturing. The company also secured an agreement to deploy its NeuraWave photonic reservoir computer in AI focused applications. Both corporate actions mark an expansion of Quantum Computing Inc.'s operational footprint and technology portfolio beyond routine capital markets activity. Quantum Computing Inc. operates at the intersection of quantum information science, photonics, and...
(Updates with a response from the Attorney General's office in the second last paragraph.) Paramo
Onsemi (NASDAQ:ON)'s proposed acquisition of Synaptics could create long-term strategic benefits, with Bank of America writing that a meeting with management increased its confidence in the rationale and potential synergies of the transaction. The analysts wrote that Synaptics adds highly...
MARA is acquiring a new site in Texas for as much as $600 million, and Hunterbrook put out a scathing short report on Bloom Energy.
China's fourth-largest DRAM maker seeks at least $4.3 billion to expand AI memory-chip production.
SpaceX shares are still trading well above their initial public offering price. Investors are eagerly anticipating IPOs by Anthropic and OpenAI. And Korean chipmaker SK Hynix is preparing for a blockbuster U.
The fast-casual Mexican chain is no longer a growth-oriented company, which suggests that its current rally will fizzle soon.
SK Hynix (000660.KS) is set to go public in the US on Friday. Hennion & Walsh chief investment officer Kevin Mahn, Yahoo Finance Senior Business Reporter Ines Ferré, and Yahoo Finance Markets and Data Editor Jared Blikre take a closer look at the company, the memory trade, and more.
MARA said the Matagorda County acquisition would more than double its potential power capacity to approximately 4.8 GW across its portfolio.
The project is expected to increase MARA's total power capacity to about 4.8 GW upon full energization, including the pending Long Ridge acquisition.
Beijing Tongmei Xtal Technology, the majority-owned subsidiary of NasdaqGS:AXTI, has withdrawn its planned IPO on Shanghai's STAR Market. The company is now pursuing a listing on the Hong Kong Stock Exchange instead. This shift activates significant redemption rights for private equity investors in Beijing Tongmei Xtal Technology. AXT, a producer of compound semiconductor substrates, operates at the intersection of demand for materials used in telecoms, data centers, power electronics and...
Honeywell International Inc. (NASDAQ:HON) is one of the 12 Best Dow Stocks to Invest In Right Now. According to a report released on July 1, BMO Capital analyst Daniel DiCicco reiterated a Buy rating on Honeywell International Inc. (NASDAQ:HON) with a price target of $253. The price target reflects a further 10% upside from current […]
As the Big Boy steam locomotive thundered into Philadelphia for the USA 250 celebration, the CEOs of Union Pacific and Norfolk Southern talked about the proposed merger that could reshape the American supply chain. The post EXCLUSIVE: Union Pacific, Norfolk Southern CEOs talk about the rail merger that could reshape the U.S. economy appeared first on FreightWaves.
Closing Timeline Extended Pending Regulatory ReviewParamount (NASDAQ:PSKY) has confirmed that it will not complete its proposed $110 billion acquisition of Warner Bros (NASDAQ:WBD) before 22 July, extending the expected closing timeline by at least another week as Oregon authorities continue reviewing the transaction. The announcement follows action by the Oregon Attorney General’s office, which disclosed the revised timetable on Wednesday.
Cypher was founded by Kuberan Marimuthu and has received backing from Y Combinator and Coinbase Ventures.
Paramount's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) could be faced with laws
Reuters said late Wednesday, citing sources familiar with the matter, that U.S. states are concerned the acquisition will hurt competition and are considering suing to block the deal as soon as next week.
China's top memory chipmaker Changxin Memory Technologies (CXMT) said on Thursday it will start book-building on July 15 for its Shanghai initial public offering as it seeks to raise 29.5 billion yuan ($4.34 billion). CXMT, long seen as a technological laggard compared with global leaders Samsung Electronics and SK Hynix, will take investor subscriptions on July 16 for its IPO, according to a stock exchange filing. CXMT's mega IPO comes amid rising volatility in global memory chip shares.
We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
