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The GMO founder isn’t keen on SpaceX’s claims about asteroid mining, space tourism, or other pie-in-the-sky tech. Here’s why he’s anticipating a crash back to Earth.
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.
The stock market's biggest catalyst may bring about its own demise.
JD.com (JD) unit JD Property-backed group is preparing to confidentially file for an initial public
Investing.com -- Netflix is exploring live TV channels and streaming bundles as internal discussions about declining subscriber engagement have become a recurring focus for senior management, according to the Wall Street Journal on Friday.
LONDON, July 10 () - Britain has designated cloud service providers Microsoft, Google, Amazon and Oracle as critical third-party suppliers to its financial sector, bringing them under direct regulatory oversight. The move is aimed at strengthening the resilience of financial firms by reducing the risk of widespread disruption from cyber attacks or technology outages.
When South Korean billionaire Chey Tae-won attends a bell-ringing ceremony on Friday for SK Hynix's $26.5 billion Nasdaq listing, it will mark the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse. SK Group's 2012 acquisition of Hynix was viewed as problematic even within the business conglomerate: Memory chips are cyclical and capital-intensive, and the company was losing money while trailing Samsung Electronics in market share and technology. But under Chey, seeking an edge over Samsung, SK Hynix has spent more than a decade betting on high-bandwidth memory (HBM) chips, at the time a niche technology.
(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
It appears that the president did very well in his trades.
Circle Internet Group received approval from the U.S. government to establish a national trust bank, a regulatory milestone that sets up the launch of a cryptocurrency-focused bank.
Aptiv is expected to announce its second-quarter earnings in August, and Wall Street forecasts a double-digit decline in its profits.
(Bloomberg) -- The largest builders of artificial intelligence data centers have doubled their debt load in the last five years, turning to borrowing to finance an unprecedented spending spree they claim is needed to transform the economy. 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
By Lewis Krauskopf NEW YORK, July 10 (Reuters) - An eventful coming week of economic data, corporate earnings reports and Middle East developments will test a resilient U.S. stock market that has
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) -- Currency traders are starting to buy protection against bigger exchange-rate swings after months of calm, as banks warn that shifting Federal Reserve expectations and elevated geopolitical tensions could be about to jolt markets.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
The bloc’s regulator said the tech giant may be in breach of its digital rules, opening the door to heavy fines.
Three days after announcing the gaming industry's biggest layoff of 2026, Xbox CEO Asha Sharma accepted a new role shaping how the Federal Reserve thinks about AI and jobs for the next decade.
(Updates with the stock move and analyst comments in the last four paragraphs.) PepsiCo (PEP) rep
Airlines and the hyperscalers have one thing in common: They are desperate for turbines to power their jets and data centers. At the heart of this surging demand are a few companies that manufacture the highly specialized parts. Western production of these turbine blades and vanes is concentrated in four companies, according to a report from SemiAnalysis.
Taiwanese memory chipmaker Nanya Technology said on Friday it plans capital spending of more than T$200 billion ($6.2 billion) next year, roughly four times this year's figure, amid soaring demand for memory chips as it rides an AI boom. President Pei-Ing Lee told an online press briefing that the preliminary expenditure plan aims to help ramp up spending on a new plant, although the budget has yet to receive board approval. Lee was speaking after Nanya reported unaudited second-quarter revenue of T$82.55 billion, up 684% from a year earlier.
PEP's international growth contrasts with a North America reset as affordability, marketing and tariff refunds shape its 2026 outlook.
(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
The settlement could be the end of a long legal saga for Omnicare, which filed for bankruptcy last year after a judge ordered the company to pay nearly $950 million for fraudulently billing government health programs.
Earnings season for the banks starts here. One line in the report matters more than the headline profit.
In August, a New York appeals court threw out a roughly $500 million penalty against the Trumps stemming from New York Attorney General Letitia James’s fraud case against the family’s businesses. Within days, a Charles Schwab account that held money set aside for the fine was snapping up and selling dozens of stocks.