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To see just how skittish the AI trade has become, look no further than South Korea’s Kospi index this week. The benchmark has swung at least 3% in either direction for the last four trading sessions, with even bigger moves intraday.
June 26 (Reuters) - Futures tied to the tech-heavy Nasdaq led Wall Street losses on Friday, as chip stocks came under renewed pressure after a sharp rally in the previous session, while some megacap
The ChatGPT developer is inclined to delay its initial public offering until 2027, according to a report.
EU member states have agreed to continue holding off retaliatory tariffs against the US related to t
Charles Schwab will release its second-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
(Bloomberg) -- Two of China’s best-known hedge fund managers are warning that the artificial intelligence boom in global stock markets has become an unsustainable bubble.Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansMamdani Delivers Rent Freeze in Milestone for NYC TenantsWealspring Ass
June 26 (Reuters) - Global equity fund inflows slowed sharply in the week to June 24, as concerns over debt-funded technology spending and a hawkish stance of the U.S.
(Bloomberg) -- Investors pulled money from US equities for the first time in three months, with record withdrawals from tech funds signaling that the artificial-intelligence trade is cooling. Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansMamdani Delivers Rent Freeze in Milestone for NYC
JPMorgan Chase on Thursday promoted Troy Rohrbaugh and Doug Petno to be co-presidents of the firm, putting them in the best position to succeed CEO Jamie Dimon when he decides to retire. Here's more detail on the two: Troy Rohrbaugh: Rohrbaugh, 56 years old, is considered by some to be the front-runner to replace Dimon.
Cerebras soared 68% on its first day of trading.
By Byron Kaye SYDNEY, June 26 (Reuters) - Australia's prime minister vowed on Friday to bullet-proof laws supporting a social media ban for under-16s as the government prepares legal action against
Allianz CIO warns SpaceX's $25B bond deal, just 2 weeks after its record IPO, signals markets have entered bubble territory.
Investing.com - U.S. stock futures were mixed on Friday as investors remain cautious after another difficult week for technology stocks. Reports that OpenAI may delay its highly anticipated stock market debut added to concerns around lofty AI valuations, while Apple’s recent price hikes continued to weigh on sentiment.
A look at the day ahead in European and global markets from Ankur Banerjee Just as investors were settling into the idea that the AI rally still had legs, Apple delivered a reality check that someone
Shares plunged Friday in Asia, led by heavy losses in Japan and South Korea as traders sold to lock in gains from recent rallies in stocks related to artificial intelligence. U.S. futures also declined, while oil prices fell. Tokyo’s Nikkei 225 index shed 4.5% to 69,127.10 and the Kospi in Seoul plunged 6.8% to 8,323.52.
Elon Musk's SpaceX has told investors that it plans to launch a Starlink mobile service for U.S. consumers, the Financial Times reported on Friday, citing people familiar with the matter. SpaceX was considering launching a Starlink retail product and could build its own terrestrial U.S. mobile network, President Gwynne Shotwell told investors during a recent IPO roadshow, according to the FT report. Reuters could not immediately verify the report.
Elon Musk’s SpaceX has told investors that it plans to launch a new Starlink mobile service for US consumers, in a move that would upend the...
On June 14, Microsoft CEO Satya Nadella published a 1,200-word essay on X titled "A frontier without an ecosystem is not stable." It got 28 million views. The essay drew a direct line between AI concentration and globalization and argued that the AI industry is heading toward the same kind of ...
By Hyunjoo Jin, Joyce Lee and Heejin Kim SEOUL, June 26 (Reuters) - Samsung Group will unveil a sweeping decade-long investment plan on Monday, pledging 1,000 trillion won ($648 billion) to anchor
By Byron Kaye SYDNEY, June 26 (Reuters) - Australia's prime minister said on Friday he was keen to make sure the country's social media ban for children was as strong as possible, as a new study found
(Bloomberg) -- Australians are sleepwalking into their retirement, according to new research.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetApple Shares Sink After Price Hikes Hit iPads and MacsStocks Whipsaw as Micron Surges While Apple Sinks: Markets WrapShip Struck in Hormuz as Oil Supertankers Turn Back AgainGrand Ole Opry House Up For Sale by Owner Ryman HospitalityOnly half of adults have accessed any source of retirement information, a survey by t
In 2005, Jamie Dimon was taking over as chief executive officer of JPMorgan Chase when he lured a Goldman Sachs foreign-exchange derivatives trader to join him. Troy Rohrbaugh turned into a lucrative hire. On Thursday, Dimon and the board handed Rohrbaugh the title of co-president and gave him responsibility for running Chase Bank and the rest of its sprawling consumer business.
Carnival Corporation Ltd (CCL) reports a robust quarter with record net income and customer deposits, while navigating geopolitical headwinds and strategic expansions.
Brent crude rose from $72 in late February to above $118 in March when the Strait of Hormuz effectively closed. By late June, after a U.S.-Iran peace deal began reopening shipping lanes, it had fallen back below $80. Every major bank that published a price target this year has had to revise it, ...
Micron Technology’s (MU) fiscal third-quarter 2026 earnings report delivered results you rarely see from a company of its size. The trillion-dollar semiconductor’s revenue surged 346% year-over-year to $41.46 billion, profits soared 1,215% to $28.24 billion, and, according to the company, its ...
What does a sold-out memory supplier really tell you about the staying power of the AI chip boom?
Samsung Group will announce its plan to invest 1,000 trillion won ($647.53 billion) for 10 years in South Korea on June 29, which might include a 300 trillion won spend in building chip factories in the southwest of the country, a media report said on Friday. ($1 = 1,544.3200 won) (Reporting by Heejin Kim)
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