By Utkarsh Shetti July 10 (Reuters) – SK Hynix’s U.S.-listed shares jumped 14% in their Nasdaq debut following its $26.5 billion share sale, in a sign of resilient investor enthusiasm for semiconductor stocks that have recently pulled back after a dizzying rally. The South Korean chipmaker is the latest to ride a frenzy of investor…
A seller-paid rate buydown may be the mortgage-rate relief that hopeful homebuyers are looking for. Few house hunters might imagine the seller coming to their rescue, but it’s possible, and in some real estate markets, even likely. Here’s how. How a concession to buy down an interest rate works When marketing a home-for-sale listing, sellers…
US stocks rose modestly on Friday as SK Hynix’s (SKHYV) US listing tested the AI memory trade and investors monitored ceasefire talks between the US and Iran. The Dow Jones Industrial Average (^DJI) gained 0.3%, while the S&P 500 (^GSPC) also rose 0.3%. The tech-heavy Nasdaq Composite (^IXIC) added 0.2% following a winning day on…
By Hyunjoo Jin SEOUL, July 10 (Reuters) – When South Korean billionaire Chey Tae-won rang the Nasdaq’s opening bell for SK Hynix’s $26.5 billion listing on Friday, it marked 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…
China has set out a five-year strategy to overhaul its retail sector as part of broader efforts to strengthen domestic demand and generate employment. Under the new guideline, authorities aim to build a modern retail system and develop several globally competitive retail enterprises by 2030. The envisaged system is expected to combine quality goods, better…
September S&P 500 E-Mini futures (ESU26) are down -0.11%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.41% this morning, taking a breather after a chip-led rally in the prior session, with all eyes on the U.S. trading debut of SK Hynix. Chip and AI infrastructure stocks slipped in pre-market trading as investors turned cautious…
By Anna Szymanski July 10 (Reuters) – From the Editor Hello Morning Bid readers! The Strait of Hormuz briefly faded from the spotlight in recent weeks amid chip stock ructions, World Cup drama, and heat waves, but another round of tit-for-tat strikes between the U.S. and Iran this week put the narrow waterway back at…
Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday. Oil prices have plunged since the…
Every great economic era has been defined by a fight over a single resource. In the 19th century, it was coal, and the British Empire was built on top of it. In the 20th century, it was oil, and the modern Middle East and American postwar dominance were both shaped by who controlled the flow….
July 9 (Reuters) – OpenAI’s CEO of AGI deployment Fidji Simo said on Thursday she will step down from her full-time role and pivot to a part-time advisory position at the ChatGPT maker, following an extended medical leave for a neuroimmune condition. “Three months ago, I had to go on medical leave after a severe…
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