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Reuters43d agoneutral
Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility

Taiwanese chip-testing company ‌King Yuan Electronics (KYEC) plans ‌to invest up to $1.4 billion to establish ​a facility in the United States, the supplier to chipmaker Nvidia said on Friday. King ‌Yuan Electronics ⁠said the investment is intended to support operational ⁠growth and strengthen its position in the global supply ​chain. Taiwanese semiconductor ​and electronics ​companies have been ‌expanding manufacturing in the United States since TSMC's multibillion-dollar investment in Arizona.

Delta’s Business Class Lite Is a Fare Increase in Disguise
The Wall Street Journal43d agoneutral
Delta’s Business Class Lite Is a Fare Increase in Disguise

The big travel news this week: Delta is adding basic fares to its premium cabins. Delta Air Lines has been upfront about its plans to bring those restrictive basic fares to its cushier cabins. When the airline rolled out a new basic fare category for its priciest seats this week, it said, and I quote, “This expansion of the basic experience allows customers to access premium products at a lower price point, giving them more choice and the ability to tailor their travel based on what matters most.”

Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says
Reuters43d agoneutral
Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says

Derivatives exchange Cboe Global Markets expects to list options on SK Hynix's U.S.-listed shares ‌two business days after the stock's trading debut, a source familiar ‌with the matter told Reuters on Friday. The South Korean chipmaker, which raised $26.5 billion in share sale, ​is set to make its Wall Street entry later in the day. SK Hynix, which is valued at about $1.03 trillion based on its South Korea-listed shares, did not immediately respond to a Reuters request for comment.

Bitcoin prices are down 50%, but crypto's 2025 IPOs are doing even worse
Yahoo Finance Video43d agoneutralVIDEO
Bitcoin prices are down 50%, but crypto's 2025 IPOs are doing even worse

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.

SK Hynix hits the U.S. stock market as demand for memory chips soars amid AI frenzy
Associated Press43d agobullish
SK Hynix hits the U.S. stock market as demand for memory chips soars amid AI frenzy

SK Hynix, one of the world's largest makers of memory chips, is hitting the U.S. stock market at a time when demand for its chips is far outpacing its ability to make them thanks to the frenzy over artificial intelligence. The company is already one of the largest in South Korea, along with Samsung Electronics, and is traded publicly on Seoul's Kospi index. SK Hynix priced its American depositary receipts, or ADRs, at $149 each Thursday.

SK Hynix Debut Tests Memory-Chip Stock Demand
Investor's Business Daily44d agobullish
SK Hynix Debut Tests Memory-Chip Stock Demand

South Korean memory-chip maker SK Hynix is poised to make its U.S. trading debut on Friday. The company will trade through American depositary receipts under the Nasdaq ticker SKHY. Late Thursday, SK Hynix sold 177.

Investing.com44d agoneutral
Netflix report flags concerns over subscriber engagement

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.

UK to regulate cloud service providers Microsoft, Google and others to protect financial stability
Reuters44d agoneutral
UK to regulate cloud service providers Microsoft, Google and others to protect financial stability

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.

South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York
Reuters44d agoneutral
South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

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.

Bloomberg44d agoneutral
A Month After SpaceX IPO, Tesla’s Stock Keeps Holding Its Ground

(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

Circle wins final regulatory approval to establish US trust bank, shares rise
Reuters44d agobullish
Circle wins final regulatory approval to establish US trust bank, shares rise

Circle said on Friday it has received a final regulatory approval from the U.S. ‌Office of the Comptroller of the Currency to ‌establish a national trust bank, sending the stablecoin giant's shares surging ​10% in premarket trading. • The charter allows Circle to act as custodian for its own reserves and hold crypto assets on behalf of institutional clients. • "OCC approval to ‌establish Circle National ⁠Trust marks a defining step in bringing blockchain technology and digital assets into the core ⁠of the U.S. financial system," Circle CEO Jeremy Allaire said in a statement.