The Kospi Index tumbled by over 9% today, June 26, erasing most of the gains made earlier during the week. It retreated to 8,275, lower than the year-to-date high of 9,387. This retreat and the ongoing volatility has led to concerns on whether the South Korean stock market bull run…
Asian markets are learning that the AI boom has a price tag. A week that began with record highs ended with investors questioning whether surging demand for memory chips is becoming an inflation problem for technology buyers. Apple’s decision to raise prices on iPads and MacBooks rattled sentiment, even as…
BlackBerry Ltd. reported a stronger first quarter, posting higher profit and revenue compared with the same period last year while increasing its revenue outlook for the full fiscal year.The software company, which reports its financial results in US dollars, recorded a net profit of $8.5 million for the three months…
The German DAX Index experienced some volatility this week, as investors reacted to some notable news from key constituents like Rheinmetall, Volkswagen, and Bayer. It was trading at 25,000, up by nearly 5% from its lowest level this month.Bayer, Rheinmetall, and Volkswagen are moving the DAX IndexThe DAX Index jumped…
Advanced Micro Devices (NASDAQ: AMD) stock has surged more than 130% this year, but Wall Street is still chasing the stock higher.In June alone, Barclays, UBS, Mizuho and Bernstein all raised their price targets on the chipmaker as analysts are no longer treating AMD as just a second-place GPU challenger…
BP and Shell share prices continued their downward trend today, reaching their lowest levels since February 27. BP dropped to 472p, down by 22% from its highest point this year, while Shell slipped to 2,900p from the year-to-date high of 3,592.BP and Shell shares are falling as crude oil prices…
European shares opened lower on Friday as weakness in global technology stocks weighed on investor sentiment.The decline came after technology shares tracked losses seen in Asian markets and US futures, while online fashion retailer Zalando came under pressure following an accounting investigation by Germany’s financial regulator.The pan-European STOXX 600 index…
Shares of Arm Holdings continued to decline on Wednesday, extending losses after the semiconductor stock tumbled more than 10% in the previous session as investors rotated out of several high-flying artificial intelligence names.Arm shares fell 4.7% to $349.03 and are down about 19% since the beginning of the week. Despite…
Shares of Hertz Global Holdings plunged on Wednesday after the car-rental company warned that second-quarter earnings are tracking toward the lower end of its guidance range, citing unexpected weakness in the used-car market.The stock sank more than 38% during trading and was on track for its largest-ever single-day percentage decline…
Tesla shares TSLA remained under pressure on Wednesday as investors looked ahead to the electric vehicle maker’s second-quarter delivery report while increasingly focusing on speculation surrounding a potential merger with SpaceX.Tesla stock fell 1.8% to $374.69 after declining 5.8% in the previous session. The shares have dropped nearly 13% in…