South Korean Stocks Turn Into Meme Trades as KOSPI Soars 18% in a Single Day
South Korea's stock market staged one of its biggest one-day rallies on record, with the KOSPI jumping 18% as Samsung and SK Hynix surged more than...
News - Page 7
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Latest News
AI Hedge Fund Reportedly Loses 90% in Four Weeks as Leverage Turns AI Bet Into Wall Street Disaster
Leopold Aschenbrenner's Situational Awareness hedge fund reportedly lost around 90% of its value in just four weeks after heavily leveraged bets on AI infrastructure unraveled during...
Samsung Posts Record Quarterly Profit as AI Chip Boom Drives 1,800% Earnings Surge
Samsung reported the most profitable quarter in its history as booming demand for AI memory chips drove operating profit up 1,800% year over year, while revenue...
AI Agents Set to Transform Wall Street as Brokerages Race Toward 24/7 Investing
Brokerages, startups, and retail investors are increasingly building AI agents that can monitor portfolios, analyze markets, and automate investing tasks around the clock, signaling a major...
SK Hynix Shares Plunge Nearly 15% as Global Chip Sell-Off Accelerates
SK Hynix shares tumbled nearly 15% in Seoul as a global semiconductor sell-off intensified, driven by mounting concerns over AI spending, rising Chinese competition, and lofty...
Apple Reclaims Title of World’s Most Valuable Company as Market Value Approaches $5 Trillion
Apple reclaimed the title of the world's most valuable company after its market capitalization climbed to nearly $5 trillion, overtaking Nvidia as investors reassessed AI spending...
SpaceX Shares Hit Record Low as Post-IPO Selloff Deepens
SpaceX shares fell to a new all-time low of $110 as the post-IPO selloff continued, leaving the stock nearly 50% below its peak despite growing buying...
Chipmaker CXMT Becomes China’s Most Valuable Listed Company After 466% IPO Surge
Chinese memory chipmaker CXMT surged 466% on its market debut after raising $8.6 billion in Asia's largest IPO of the year, becoming China's most valuable listed...
Allianz to Acquire HSBC’s Singapore Insurance Business for $2.09 Billion
Allianz will acquire HSBC's Singapore life and health insurance business for $2.09 billion, strengthening its presence in Asia while allowing HSBC to focus on higher-return banking...
SpaceX Erases $1.48 Trillion in Market Value in Just 37 Days
SpaceX shares have fallen to a new all-time low, wiping approximately $1.48 trillion from the company’s market value in just 37 days and dropping well below...
South Korea to Invest AI Tax Windfall Into Future Fund
South Korea plans to channel tax revenue generated by the AI boom into a new Future Adaptation Fund supporting education, technology, regional development, and young people.
SpaceX Shares Fall Below $140, Hitting New Post-IPO Low
SpaceX shares fell below $140 for the first time since the company's IPO, reaching a new post-listing low after giving up most of their early trading...