SK Hynix’s US-listed shares rose in premarket trading on Thursday. A report said the South Korean memory chipmaker has capped the number of domestic shares that can be converted into American depositary receipts (ADRs). The move could keep the stock trading at a significant premium in New York. The company, which made its Nasdaq debut
US stocks fell sharply on Thursday as escalating tensions in the Middle East sent oil prices higher, while disappointing reactions to earnings from Alphabet and Tesla added pressure to the broader market. The Dow Jones Industrial Average lost 604 points, or 1.2%, while the S&P 500 declined 1.2%. The Nasdaq Composite underperformed with a 1.8%
Spot gold and silver prices moved lower ahead of the North American market open on Thursday. Rising Treasury yields, a firmer US dollar and another sharp increase in crude oil prices outweighed safe-haven demand linked to the ongoing US-Iran conflict. At the time of writing, spot gold was trading near $4,066.82 an ounce. The metal
US stock futures edged lower on Wednesday as investors pulled back from semiconductor shares before Alphabet and Tesla open the first major test of the second-quarter Big Tech earnings season. Nasdaq 100 contracts led the retreat, while S&P 500 and Dow futures also slipped after Tuesday’s chip-led rebound. The market is asking whether billions of
DeXe (DEXE) has suffered one of the sharpest declines in the cryptocurrency market this year after its price plunged more than 80% on Wednesday. The dramatic sell-off erased almost all of the gains from the token’s recent rally and left traders scrambling to understand what triggered the collapse. While the broader crypto market remained relatively
Investors have largely shifted their attention away from the Magnificent 7 companies as enthusiasm has moved toward semiconductor stocks and the broader artificial intelligence trade. The Roundhill Magnificent 7 ETF (MAGS) has gained just 0.68% this year, significantly underperforming the S&P 500 and Nasdaq 100 indices. With earnings from the biggest names in technology approaching,
GE Vernova GEV shares fell about 4% in premarket trading on Wednesday after the energy equipment maker narrowly missed Wall Street’s profit expectations. The company also warned that global tariffs could increase its costs by as much as $200 million next year, overshadowing stronger revenue growth and another increase in its full-year outlook. The company
Advanced Micro Devices Inc. (AMD) and Anthropic have agreed to a deal covering tens of billions of dollars’ worth of artificial intelligence servers, according to a Wall Street Journal report, in a move that could strengthen AMD’s position against Nvidia while expanding Anthropic’s computing capacity. Under the reported agreement, Anthropic will purchase up to 2
US stocks opened lower on Wednesday as weakness in semiconductor stocks and higher oil prices weighed on investor sentiment ahead of a crucial day of corporate earnings led by Alphabet, Tesla and other major technology companies. The Dow Jones Industrial Average gained 78 points, or 0.15%. The S&P 500 declined 0.12%, while the Nasdaq Composite
Pi Network has staged a notable recovery after falling to a fresh all-time low earlier this month, but the next phase of its price action may prove far more difficult. At the time of writing, PI is trading at $0.09119, down 1.9% over the past 24 hours but still 10.7% higher over the last seven