South Korean semiconductor giant SK Hynix made history on Wall Street, listing on Nasdaq today via American Depositary Receipts (ADRs) under the ticker SKHY. The firm’s US initial public offering (IPO) priced at $149 was more than 7x oversubscribed – and raised a total of about $26.5 billion. This made…
US stocks ended higher on Friday, with the S&P 500 closing just shy of a record high as enthusiasm around artificial intelligence and semiconductor stocks offset concerns over renewed tensions in the Middle East. Investors also turned their attention to the start of the second-quarter earnings season next week, when…
The US financial landscape is featuring a striking paradox in 2026.Wall Street is sprinting, with major indices flirting with record highs and extending a “multi-year” winning streak. Yet, step outside the trading floors, and Main Street tells a far more muted story.The broader US economy is expanding at a tepid…
Retail investors, long considered one of the strongest pillars supporting the US stock market since the pandemic, are becoming increasingly selective as market leadership shifts rapidly and alternative investment opportunities gain traction.Recent data suggest individual investors are rotating between themes rather than making broad-based bets on the stock market. At…
South Korea’s dominance in artificial intelligence memory chips is no longer just driving stock market gains.The country’s semiconductor boom is now reshaping its economy, consumer spending, labour market and even its dating culture, creating a new generation of wealthy technology workers while raising fresh concerns over widening inequality.Fueled by soaring…
Illinois Tool Works (NYSE: ITW) stock has pulled back in the past few days as investors position themselves for the upcoming earnings report that will provide more color on its business. While growth expectations are low, the stock has formed the rare inverted head-and-shoulders pattern, pointing to a rebound.Illinois Tool…
SoFi stock has rebounded in recent weeks, climbing from its year-to-date low of about $15 to around $19 today. Even so, the shares remain roughly 42% below their all-time high. CEO Anthony Noto has attributed much of the weakness to the broader pullback in fintech stocks. With the company’s earnings due…
Bloom Energy stock has retreated into a bear market, falling by 33% from its highest point this year. It dropped to $234 today, continuing a trend that started on June 25 when it reached a record high of $350. So, is this the start of a prolonged bear market or…
Tata Consultancy Services shares rose more than 3% on Friday after India’s largest software exporter reported quarterly revenue ahead of estimates, helped by steady demand from banking clients, a weaker rupee and growing AI-linked work. The earnings beat did not erase concerns about slow discretionary spending across the sector.But it…
Asian markets pushed higher on Friday as investors chose the AI trade over the oil shock. Stocks rose sharply across the region as traders returned to chipmakers, even as renewed US-Iran attacks slowed the recovery of energy shipments through the Strait of Hormuz. The move showed how powerful the semiconductor…