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SK Hynix’s Korean Stock Suffers Steepest Fall on Record
The Wall Street Journal36d agobearish
SK Hynix’s Korean Stock Suffers Steepest Fall on Record

The nosedive helped send South Korea's Kospi almost 9% lower, which triggered a 20-minute halt in trading. Rival Samsung Electronics's stock also slumped. The decline marked an abrupt reversal in investor appetite after SK Hynix's American depositary receipts soared 13% Friday on their first trading day on the Nasdaq.

Bloomberg36d agoneutral
EU to Present Plan to Restrict Children’s Access to Social Media

(Bloomberg) -- The European Union will propose a law to restrict children’s access to social media, according to the bloc’s top official, as part of a growing global consensus about the harm it causes. Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes

Bloomberg36d agoneutral
Xi to Debut at China’s Flagship AI Summit as US Rivalry Heats Up

(Bloomberg) -- Chinese President Xi Jinping will make his first appearance at the country’s flagship AI conference, signaling the growing importance Beijing attaches to the technology as its rivalry with the US intensifies.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS

US Stock Market Today: S&P 500 Futures Rise As Inflation Cools And Earnings Loom
Simply Wall St.36d agoneutral
US Stock Market Today: S&P 500 Futures Rise As Inflation Cools And Earnings Loom

The Morning Bull - US Market Morning Update Monday, Jul, 13 2026 US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.4%, as investors digest a mix of cooling inflation and uneven growth signals abroad. Softer price data in countries like France, where inflation sits at 1.8%, suggests global cost of living pressures are easing, which can take some pressure off central banks to keep lifting interest rates. At the same time, weaker industrial output in...

Bloomberg37d agobearish
South Korea to Tap Record AI Tax Windfall to Fund Future Growth

(Bloomberg) -- South Korea expects to reap a record tax windfall from the artificial intelligence-driven semiconductor boom, giving President Lee Jae Myung’s government fresh fiscal firepower to fund an ambitious investment agenda.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleUS Renews Iran Strikes as Both Sides Dispute Hormuz Status

Elevance and UnitedHealth Earnings Are Next Test for Hot Health Insurer Stocks
Barrons.com37d agoneutral
Elevance and UnitedHealth Earnings Are Next Test for Hot Health Insurer Stocks

After a rocky start to the year, health insurer stocks have roared back. The insurers are trying to end a difficult cycle that began about three years ago, when healthcare use, and the costs to cover it, accelerated postpandemic. The fund’s top 10 holdings encompass six health insurers, three of which— UnitedHealth Group Aetna parent CVS Health and Elevance Health —comprise more than 40% of the fund.

TSMC Q2 revenue jumps 36% from a year earlier, beating market expectations
Reuters37d agoneutral
TSMC Q2 revenue jumps 36% from a year earlier, beating market expectations

TSMC, the world's ‌largest contract chipmaker, ‌reported on Monday second-quarter ​revenue of 1.27 trillion Taiwan dollars ($39.63 billion), beating market ‌expectations and ⁠rising 36% from a year ⁠earlier on surging interest in artificial ​intelligence applications. An ​LSEG ​SmartEstimate, drawn ‌from 20 analysts, had expected revenue in the April-to-June quarter of 1.264 trillion Taiwan ‌dollars. Taiwan Semiconductor ​Manufacturing Co (TSMC) ​is ​a major ‌supplier to companies including ​Nvidia ​and Apple.

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
Associated Press37d agobullish
Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.9% to $78.96 per barrel, while U.S. benchmark crude oil added 4% to $74.26 per barrel. Prices for both types of crude oil recently had slipped back to the levels they were at before the war with Iran began, after the two sides set an interim agreement on ending the conflict and ships resumed transporting oil through the Strait of Hormuz.

TSMC to add 2 advanced chip packaging plants in Chiayi, Taiwan minister says
Reuters37d agoneutral
TSMC to add 2 advanced chip packaging plants in Chiayi, Taiwan minister says

Taiwan Semiconductor Manufacturing Co (TSMC) will add two ‌advanced chip packaging plants in the ‌Chiayi Science Park, the island's science and technology minister ​said on Sunday. Located in southern Taiwan, the Chiayi Science Park is being developed as one of TSMC's major advanced chip-packaging hubs. TSMC's first ‌advanced chip packaging ⁠plant at the Chiayi Science Park has already entered mass production and ⁠its second plant is expected to begin mass production soon, National Science and Technology ​Council Minister ​Wu Cheng-wen said ​at a groundbreaking ceremony.

Goldman Sachs turns bearish on Barbie maker
TheStreet37d agoneutral
Goldman Sachs turns bearish on Barbie maker

Wall Street has spent most of 2026 losing patience with Mattel (MAT), and Goldman Sachs just made that clear. The firm downgraded the toy giant to its lowest rating and set a price target below where the stock currently trades. For the company behind Barbie and Hot Wheels, this is a tough ...

Samsung Electronics to move up start of chip factory in Yongin to 2029, source says
Reuters37d agoneutral
Samsung Electronics to move up start of chip factory in Yongin to 2029, source says

Samsung Electronics aims ‌to bring ‌forward operation of its ​chip fabrication site in the city of Yongin, south of ‌Seoul, ⁠to 2029 from 2030-2031, as the ⁠chipmaker seeks to keep up ​with surging ​demand ​for memory ‌chips used in AI infrastructure, a source told Reuters on Monday. Samsung did not ‌immediately respond ​to Reuters' ​request ​for comments. Yonhap ‌News Agency first ​reported ​about the change of the plan ​on ‌Sunday.

SK Hynix plunges after Nasdaq debut amid diminishing earnings optimism
Reuters37d agobearish
SK Hynix plunges after Nasdaq debut amid diminishing earnings optimism

SK Hynix shares fell more than 15% in Seoul on Monday, its biggest one-day decline in nearly two decades, as investors in Seoul cashed out of a scorching share price rally following its Nasdaq debut last week. The company's U.S.-listed shares dropped ‌9.2% to $152.50 in premarket trading on Monday after jumping more than 12% in its Nasdaq debut on Friday. Korean stocks extended losses after trading resumed after President Lee Jae Myung on Monday reiterated that the government would help speed up ​projects to build chip fabs in investments worth hundreds of billions of dollars, as outlined by Samsung and SK Hynix.

The Quarter-Trillion-Dollar Onslaught of AI Bonds Is Testing Investors’ Limits
The Wall Street Journal37d agoneutral
The Quarter-Trillion-Dollar Onslaught of AI Bonds Is Testing Investors’ Limits

Wall Street is sending a message to tech companies engaged in a historic borrowing spree to fund investments in artificial-intelligence infrastructure: for pity’s sake, please slow down. Over the past several weeks, the investment-grade corporate bond market has struggled to absorb a combined $75 billion of bond issuance from Nvidia SpaceX and Amazon.com That marks a shift from earlier in the year, when investors were generally happy to hand money to so-called AI hyperscalers by any possible means. While Nvidia and SpaceX were able to borrow at reasonably low interest rates, their newly issued bonds quickly slumped in the secondary market, disappointing investors who often like to flip such bonds.

Palantir CEO has a blunt verdict on OpenAI and Anthropic
TheStreet37d agoneutral
Palantir CEO has a blunt verdict on OpenAI and Anthropic

Palantir posted the highest revenue growth rate in its history in the first quarter of fiscal year 2026. U.S. commercial revenue jumped 133%. The company raised its full-year guidance by 10 points. By any operational measure, things are going well. And yet Alex Karp walked onto CNBC's Squawk Box ...