By Hyunjoo Jin, Pritam Biswas and Kane Wu SEOUL, July 9 (Reuters) – South Korea’s SK Hynix priced its American Depositary Receipts at $149 on Thursday raising about $26.5 billion, a U.S. regulatory filing showed, highlighting strong investor appetite for a pivotal chipmaker in the AI supply chain. The share sale comes as the company…
In September, Google walked away from a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down. It wasn’t an isolated incident. Communities across the United States have now blocked or delayed more than $130 billion in AI data centers in the first…
US stocks rose slightly on Thursday as investors focused on AI prospects ahead of SK Hynix’s US trading debut, setting aside jitters over a flare-up in US-Iran hostilities. The tech-heavy Nasdaq Composite (^IXIC) ticked up by 0.2%. Meanwhile, the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) both put on 0.1% after Wall Street…
Publisher’s Note: The stocks that made investors rich recently are NOT the ones that will make them rich for the rest of the year. That’s the whole idea behind the “Great Rotation”, and it’s already underway. But on Wednesday, July 15 at 2 p.m. ET, Nate Bear is going live to show you exactly how he’s trading it….
Leading prediction market Polymarket is launching a marketing campaign in the U.S. as it re-enters America after a four-year ban. Polymarket began its return to the U.S. with the acquisition of QCEX a year ago and the introduction of a mobile trading app last December. Now, the privately held prediction market has started a campaign…
JPMorgan Chase (JPM) is well known for advising some of the world’s biggest companies on their most significant deals. Now the country’s largest bank is looking to get a piece of the smaller pies. The banking giant said Wednesday it’s launching a dealmaking team catering to small-cap companies valued between $100 million and $500 million,…
By Jonathan Stempel July 8 (Reuters) – Deere agreed on Wednesday to settle a lawsuit by the Federal Trade Commission and five U.S. states accusing the farm equipment maker of illegally requiring farmers to use its network of authorized dealers for repairs, rather than use independent service providers or do the work themselves. • The…
Key Points Interested in ExxonMobil Corporation? Here are five stocks we like better. Exxon’s Q2 share price pullback presents a buying opportunity, as rebounding oil prices tied to renewed Iran supply disruptions are expected to boost profits and push shares to fresh highs. Exxon maintains an industry-leading capital return program, having distributed over $37 billion…
Gold doesn’t rise or fall because of a single economic event. Its price reflects the decisions of millions of investors, central banks, manufacturers, jewelers, and others around the world. Those decisions are shaped by changing economic conditions and future expectations. Understanding what drives the price of gold means learning how multiple forces interact. Sometimes they…
Cotton futures are trading with 90 to 98 point losses so far on Thursday, as contracts correct from near limit gains on Tuesday. The outside markets are stronger, as Crude oil is up $4.09 following the US striking Iran overnight and President Trump stating the ceasefire is over. The US also revoked waivers authorizing Iran…
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