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Don’t Hold Your Breath for the Fed Minutes, This Strategist Says
The Wall Street Journal48d agoneutral
Don’t Hold Your Breath for the Fed Minutes, This Strategist Says

"Warsh explicitly avoided policy guidance in the statement and press conference, so it seems unlikely that he would permit such guidance via the minutes," writes Englander, head of G-10 foreign-exchange research at the bank. Englander's prediction chimes with the way that Warsh, who spent more than a decade arguing that the Fed should say less, has approached his new post so far.

Bloomberg48d agoneutral
Brookfield’s Data Center Firm Csquare Seeks $1.35 Billion in IPO

(Bloomberg) -- Csquare Inc., a data center company backed by Brookfield Corp., is seeking to raise as much as $1.35 billion in a US initial public offering.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutThe company is

Investing.com48d agoneutral
Eight Japanese ships depart Hormuz via passage near Iran

Investing.com -- At least eight vessels controlled by Japan’s Mitsui OSK Lines Ltd. are leaving the Strait of Hormuz through a passage near Iran, including some of the final trapped oil tankers to depart the waterway.

SK Hynix Trims Fundraising Target for U.S. Listing to $28 Billion
The Wall Street Journal48d agoneutral
SK Hynix Trims Fundraising Target for U.S. Listing to $28 Billion

The world’s second-largest memory chip maker said in a regulatory filing with the Korea Exchange on Monday that it is seeking to raise 43.141 trillion won, equivalent to $28.21 billion, by issuing American depositary receipts on the Nasdaq. Despite the downward revision, the deal would still rank among the biggest share sales in history, second only to SpaceX’s record initial public offering raising $75 billion last month. SK Hynix said it would use the offering’s proceeds to expand chip-making facilities in South Korea and purchase chip-making equipment such as ASML’s extreme ultraviolet scanners.

Citi Raises TSMC Price Target on Strong AI Outlook Ahead of Earnings (TSM)
InvestorsHub48d agoneutral
Citi Raises TSMC Price Target on Strong AI Outlook Ahead of Earnings (TSM)

Broker Expects Higher 2026 Growth GuidanceCiti has increased its price target on Taiwan Semiconductor Manufacturing (NYSE:TSM), saying the world’s largest contract chipmaker is well positioned to upgrade its 2026 revenue outlook and long-term growth expectations when it reports quarterly results later this month. The brokerage lifted its target price to NT$3,800 from NT$2,875 while maintaining its Buy rating, arguing that sustained demand for advanced artificial intelligence semiconductors conti

Solstice Advanced Materials Explores $27 Billion Merger With Element Solutions, Report Says (SOLS)
InvestorsHub48d agoneutral
Solstice Advanced Materials Explores $27 Billion Merger With Element Solutions, Report Says (SOLS)

Merger Discussions Could Create Major Specialty Chemicals GroupSolstice Advanced Materials (NASDAQ:SOLS), the specialty chemicals business spun off from Honeywell (NASDAQ:HON), is reportedly in discussions to merge with Element Solutions Inc (NYSE:ESI) in a transaction that would value the combined company at approximately $27 billion in enterprise value, according to the Financial Times. People familiar with the matter told the publication that the companies are negotiating a merger of equals a

Bloomberg48d agoneutral
Memory Chipmaker SK Hynix Kicks Off $28 Billion US Listing

(Bloomberg) -- SK Hynix Inc. kicked off its formal marketing process for its US listing on Monday, as the South Korean chipmaker looks to capitalize on surging investor demand for the high-flying memory-chip sector.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, T

Bloomberg48d agoneutral
Millennium-Backed Trader Gains 61% With Bets on AI Backbone

(Bloomberg) -- As Wall Street debates whether the billions of dollars being plowed into artificial intelligence will ever pay off, hedge fund manager Val Zlatev is making record profits for his firm by betting on the picks and shovels used to power the AI rush.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Pus

Bloomberg48d agoneutral
The Investors Scrambling to Keep SpaceX - and Elon Musk - Out of Their Portfolios

(Bloomberg) -- Christopher Bejnar has spent the last couple of months combing through the fine print of exchange-traded funds, emailing financial advisers and moving money into European stocks – all to keep SpaceX out of his $1 million portfolio.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlas

Indian IT firms face muted Q1 as AI shift, weak demand weigh
Reuters48d agoneutral
Indian IT firms face muted Q1 as AI shift, weak demand weigh

India's top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and ‌global geopolitical turmoil continue to weigh on growth, nine brokerages said. The April-to-June quarter is usually ‌a strong one for India's $315 billion IT sector, helped by higher billing days and new project starts, but analysts expect a ​slow start to the fiscal year that would push back hopes of a recovery. India's largest IT services company, Tata Consultancy Services, kicks off earnings on Thursday with peers Infosys, HCLTech and Wipro reporting later this month.

Michael Saylor’s Strategy Is Trapped by Its Own Broken Bitcoin Math
The Wall Street Journal48d agoneutral
Michael Saylor’s Strategy Is Trapped by Its Own Broken Bitcoin Math

Strategy the bitcoin-hoarding company led by Chairman Michael Saylor, is caught in a math trap of its own making. Saylor has trained investors to believe Strategy’s model for acquiring bitcoins would work so long as the market valued the company at a premium to the value of its bitcoin holdings. Strategy even created a bespoke metric called mNAV to track the premium.

SpaceX Is About to Join the Nasdaq-100. Here’s How Exposed You’ll Be.
The Wall Street Journal48d agoneutral
SpaceX Is About to Join the Nasdaq-100. Here’s How Exposed You’ll Be.

SpaceX will officially join the Nasdaq-100 on Tuesday, and investors holding some funds tied to the index will end up exposed whether they like it or not. Mutual and exchange-traded funds with a collective $800 billion in assets under management that track Nasdaq’s flagship tech index, including the popular ETF, are set to buy SpaceX shares at Monday’s closing price in order to mirror the index’s performance.

Bloomberg48d agoneutral
Options Flash Bearish Yen Signal as Tokyo Stays on the Sidelines

(Bloomberg) -- The options market is sending a bearish signal on the yen, with interest-rate differentials remaining firmly in favor of the dollar and the Japanese authorities avoiding intervention for now.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbl

Bloomberg48d agoneutral
Morgan Stanley’s Wilson Sees Rotation From Chips to Hyperscalers

(Bloomberg) -- US stocks will struggle to reach new highs as investors rotate out of some of this year’s biggest winning technology trades, according to Morgan Stanley strategists.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Rekindle Fears

Goldman Sachs sends strong wake-up call on American jobs
TheStreet48d agoneutral
Goldman Sachs sends strong wake-up call on American jobs

If you have been watching the monthly jobs numbers and wondering why they keep disappointing, Goldman Sachs may have part of your answer. June payrolls came in at just 57,000, less than half of what economists expected. April and May were revised down by a combined 74,000. And a growing number of ...

Bloomberg48d agoneutral
Apple Supplier Luxshare Said to Plan Pricing HK Listing at Top

(Bloomberg) -- Apple Inc. supplier Luxshare Precision Industry Co. is poised to raise HK$24.3 billion ($3.1 billion) after telling prospective investors it wants to price shares for its Hong Kong listing at the maximum amount it had set, according to people familiar with the matter.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe Supertanker Tycoon Making Millions on Hormuz Shuttle RunsModi’

Reuters48d agoneutral
Solstice, Element Solutions weigh $27 billion merger, FT reports

Honeywell spinoff Solstice Advanced Materials is in talks to merge with Element Solutions in a deal ‌that could create a chemicals company valued at about $27 ‌billion including debt, the Financial Times reported on Monday. The talks happen as both ​companies seek to capitalize on growing demand for specialty chemicals used in AI data centers and semiconductor manufacturing. Solstice and Element Solutions are discussing a merger of equals and a deal, likely to be ‌mostly stock with ⁠some cash, could come together as soon as this week, the FT report said, citing people familiar ⁠with the talks.