South Korean chip stocks tumble as Samsung and SK Hynix volatility raises investor concerns.
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Watchdog questions AI integration and subscription disclosures.
Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars' worth of Elon Musk's internet and rocket company to their holdings. After a blockbuster initial public offering this month, SpaceX's stock has been on a wild ride, soaring 67% to its June 16 intraday high of $225.64 before tumbling to Thursday's $153 close. FTSE Russell will add SpaceX to its Russell U.S. indexes after Friday's close of trading as part of its semi-annual index reconstitution.
By Utkarsh Hathi and Johann M Cherian June 26 (Reuters) - European shares declined on Friday, with technology shares tracking global sector weakness, while Zalando fell after Germany's financial
U.S. tech stock futures were down as a global tech selloff gathered pace. A report OpenAI was considering delaying its mooted public offering further soured already weak sentiment around the AI boom.
The pharma company, the first to use generative AI to develop a drug that reached clinical trials, is betting longevity treatments will fuel its next phase of growth.
South Korean shares slumped more than 8%, as jitters over the valuations of companies riding the artificial-intelligence boom rattled the world’s best-performing market this year.
Britain's Competition Appeal Tribunal has allowed a £3b collective lawsuit against Apple to proceed. The case alleges Apple abused its market position in iCloud storage by locking users into its ecosystem. Millions of UK iPhone and iPad users may be eligible to join the class action over alleged overcharging for iCloud subscriptions. Apple, traded as NasdaqGS:AAPL, now faces a large UK class action that directly targets its services business, an important revenue stream alongside hardware...
(Bloomberg) -- Asian technology stocks slumped after Apple raised prices for its products, stoking concern that rising component prices will curb demand for devices and eventually slow the memory chip rally that has powered much of the AI trade.Most Read from BloombergApple Shares Sink After Price Hikes Hit iPads and MacsInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetShip Struck in Hormuz as Oil Supertankers Turn Back AgainStocks Whipsaw as Micron Surges While Apple Sinks: Mark
The cryptocurrency market meltdown continued on Thursday as fears of rising inflation and potential rate hikes weighed on investor sentiment Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:35 p.m. EDT)Bitcoin (CRYPTO: BTC)-2.45%$59,273.96Ethereum (CRYPTO: ETH) -3.68%$1,558.39XRP (CRYPTO: XRP) -4.04%$1.02Solana (CRYPTO: SOL) -0.71%$67.16Dogecoin (CRYPTO: DOGE) -3.11%$0.07384 Crypto Market Turns Bloody Red Bitcoin’s descent showed no signs of slowing down, as the apex cryptocurrency fell below
(Bloomberg) -- SoftBank Group Corp.’s stock fell by 12% on concerns that OpenAI may hold off on an initial public offering until next year and delay returns for its Japanese backer.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetApple Shares Sink After Price Hikes Hit iPads and MacsStocks Whipsaw as Micron Surges While Apple Sinks: Markets WrapShip Struck in Hormuz as Oil Supertankers Turn Back AgainGrand Ole Opry House Up For Sale by Owner Ryman Hospital
ON Semiconductor has agreed to buy internet-of-things company Synaptics as it vies to bring artificial-intelligence from data centers into the physical world. Synaptics shareholders will receive 1.35 shares of Onsemi stock for each Synaptics share in the all-stock deal, representing an enterprise value of around $7 billion. Onsemi stock dropped 8.3% to $108.85 in after-hours trading Thursday.
Associated with everything from its taco scene and country music to being a blue dot in a conservative state, the Texan capital of Austin experienced a major burst of popularity during and immediately after the Covid pandemic. According to city statistics, the population of Austin jumped from 1.6 ...
BNP Paribas analyst Laurent Vasilescu called a reported plan by Nike to bar key Chinese distributors from selling products online starting in 2027 a “strategic misstep.”
IPOs are the new meme stocks, surging to record highs before crashing below their debut prices in a matter of days.

US stocks (^DJI, ^IXIC, ^GSPC) search for direction ahead of Thursday's session close, while Micron Technology (MU) holds onto gains following its massive earnings beat yesterday. Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at the day's market moves, Big Tech stocks, and how Micron's stock gains may be impacting Apple (AAPL).
Rosen Law Firm has launched an investigation into Strategy (MSTR), while Arkham argues STRC’s decline differs fundamentally from Terra’s LUNA collapse.
Tesla investors have placed a lot of eggs in the company's autonomous driving basket to justify its 338x trailing twelve-month price-to-earnings ratio. The S&P 500 currently has a TTMPE ratio of 32, according to Multpl. The company doubled down on its autonomous driving ambitions earlier this ...
Meta has hired the founding team of security startup Virtue AI to protect its upcoming autonomous software agents amid growing federal oversight.
Bitcoin whale Strategy is in a race to raise cash before its diving MSTR stock and the falling bitcoin price make it untenable to raise anything approaching the $7.9 billion it may have to pay out in the next two years. The other $300.6 million, nearly 90%, went to shore up its depleted cash reserve. Given Strategy's heavy potential obligations due, and the lack in market confidence signaled by plunging shares of its primary preferred stock, the race for cash has likely accelerated this week.
Memory stocks just went from cyclical chip plays to AI-era essentials, and Bank of America’s Vivek Arya thinks the market is still pricing them like the old version. Speaking on CNBC the morning after Micron Technology (NASDAQ:MU) reported, BofA’s senior semiconductor analyst argued that “what we are witnessing is what I would call a structural ... BofA Says Micron Is Trading Under 10x Earnings and Wall Street Is Completely Missing the Story
A flurry of huge IPOs was the ‘canary in the coal mine’ before the 2000 dot-com crash and the stock market crisis of 1929, one expert says.
Ford (NYSE: F) recalls this year have topped 1.2 million vehicles. While its poor 2006 track record is not nearly as bad as last year’s, the company’s quality promise has fallen apart again. And, while moves into battery technology have lifted the stock, there is reason for investors to be worried. Ford can’t get its ... Ford Recalls Continue to Cripple Brand

Apple is increasing prices on some of its MacBooks and iPads to offset the impact of the global memory crisis.
Alphabet shares fell further premarket following a report that two researchers key to Google’s artificial-intelligence model left the group, extending an exodus in top talent from the search company’s AI team. Shares in the Google owner slid 1.3% to $340.82 in premarket trade even as the broader tech complex rallied. Jonas Adler and Alexander Pritzel are planning to leave Google for Anthropic, Bloomberg reported, citing unnamed sources.
The Federal Reserve's primary inflation gauge, the core PCE price index, showed the 12-month inflation rate hitting its highest level since October 2023, as Wall Street expected. S&P 500 futures are solidly higher early Thursday after a three-session losing streak sparked in part by the prospect for tighter monetary policy under new Fed Chairman Kevin Warsh. Rate-hike expectations have sent the U.S. dollar surging to its highest level in more than a year, even as prospects for rate hikes by other global central banks have faded with tumbling oil prices.
Bond yields dropped and stocks kept rising after the Federal Reserve’s benchmark inflation gauge matched expectations. The core personal expenditures price index, which excludes volatile food and energy prices and is watched closely by the central bank, rose at a 0.
Eimear Bonner told CNBC that crude price declines take time to reach the pump, as Trump ordered the DOJ to investigate Big Oil