Bloomberg Markets
The Nifty IT Index’s correlation with the Philadelphia Semiconductor Index has fallen to its lowest level since 2018.
Bloomberg Markets
Sanjeev Rana, head of research at CLSA Securities Korea, believes Hynix's earnings miss was the result of a weak product mix in the second quarter, and he expects "sequential earnings improvement." Meanwhile, KB Financial Group Global Investment Strategist Peter Kim shares his takes on the underlying trends driving the selloff in AI stocks. (Source: Bloomberg)
Bloomberg Markets
Rescuers continued the hunt for survivors in the ruins of a shopping mall on the southwestern island of Kyushu on Wednesday, after a major earthquake in which 13 people have been confirmed dead so far. (Source: Bloomberg)
Financial Times
Meta chief warns against ‘regulatory capture’ of American rules on the technology
Financial Times
Powerful tremor in Kumamoto prefecture has left at least 13 people dead
Financial Times
Cybersecurity firm Proofpoint faces higher borrowing costs and tighter covenants in latest debt deal
Bloomberg Markets
Australia’s core inflation came in cooler than anticipated last quarter, prompting money markets to slash bets on another interest-rate increase this year.
Bloomberg Markets
The crypto industry learned an expensive lesson this week when a Korean chip manufacturer’s shares suddenly dropped.
Bloomberg Markets
Global funds entered short positions in Hong Kong tech stocks earlier this year to raise funds to invest in South Korea’s chip giants, but the latest correlation numbers show those trades look to be rapidly unwinding.
Bloomberg Markets
As prediction market giants like Kalshi and Polymarket begin offering perpetual futures trading with CFTC approval, other investment platforms are looking to expand their offerings. CME Group is launching single-stock futures, allowing investors to hedge or speculate on more than 50 of the largest US companies. The contracts, offering leverage without the complexity of options, will be cash-settled on the closing price of the stocks they’re tied to. FIA CEO Walt Lukken joins Bloomberg Businessw
CNBC Finance
Audi sales have struggled in the U.S. over the last several quarters. The brand has been hit by tariffs and a market shift away from EVs. New product may help.
Bloomberg Markets
Brixmor Property Group reported upbeat second quarter sales this week, seeing strong leasing spreads, record small shop occupancy, and more. Analysts from Evercore ISI and Stifel raised their forecasts on the company after earnings results. CEO Brian Finnegan joins Bloomberg Businessweek Daily to discuss, saying consumer traffic remains high, up around 10% since pre-COVID, which equates to strong tenant growth as well. He also discusses the state of consumer spending, the benefits seen by Brixm
Financial Times
Measures are the latest sign of Washington’s warming relations with Ukrainian President Volodymyr Zelenskyy
Financial Times
Second-largest memory-chip maker says it won multiyear contracts with about 10 customers
Bloomberg Markets
Singapore stocks are on track for their best month in nearly six years, supported by a rally in banking shares.
Bloomberg Markets
Stocks of Japanese companies operating on the southwestern island of Kyushu may come under pressure after a powerful magnitude 7.1 earthquake hit the area, killing at least five people.
Bloomberg Markets
A former Goldman Sachs Group Inc. banker went on trial Tuesday for allegedly paying government officials in Ghana a “holy rain” of bribes to secure a lucrative power plant deal for a client.
Bloomberg Markets
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Aswath Damodaran, NYU Stern Professor of Finance, Michael Nierenberg, Rithm Capital Chairman & CEO, James Daunt, Barnes and Noble CEO, Carol Tomé, UPS CEO, Arsalan Tavakoli, Databricks Co-Founder & Senior VP of Field Engineering, Kristina Hooper, Man Group Chief Market Strategist, Erin Keating, Cox Automotive Executive Analy
Bloomberg Markets
Gold edged lower ahead of a finely balanced interest-rate decision by the Federal Reserve due later Wednesday.
Financial Times
Scale of losses in recent weeks sparks growing risk aversion on Wall Street