SoftBank jumps 13% as Asia tech stocks track Wall Street AI rally
Asian technology stocks rallied on Wednesday after Wall Street’s record-setting session fueled optimism around artificial intelligence and growth stocks.
Dow jumps more than 250 points for record close and fifth winning day: Live updates
The 30-stock Dow Industrials posted a fifth straight positive session on Wednesday.
China’s super-rich ‘in shock’ and hunting for cash as Beijing issues surprise tax on offshore trusts
Beijing’s move to tax offshore trusts, long used by China’s ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.
Europe’s heatwave isn’t cooling Asian travelers’ holiday plans for the continent
Asian travelers’ appetite for Europe remains resilient despite record-breaking heat, with spending in Northern Europe projected to increase.
AMD’s revenue climbs 50% and data center sales doubled, but the stock is down
AMD’s data center unit is driving the company’s growth, up 107% over last year.
Michael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’
“I continue to believe it is possible we are near a major top, and possible a 1987-type fall,” Burry said in a Tuesday Substack post.
Anthropic names global affairs chief to tackle AI policy as Trump tensions persist
Cuéllar is tasked with finding common ground with Trump’s Republican administration, which blacklisted and ordered controls around Anthropic’s AI this year.
SK Hynix U.S. shares will double in the next 12 months, Cantor Fitzgerald says
While Cantor is the most bullish on SK Hynix stock, it’s not alone in its zeal.
Apple shares downgraded due to memory chip inflation
Phillip Capital downgraded the iPhone manufacturer, saying the sharp rise in memory prices will undercut that momentum.
Sen. Susan Collins will oppose Blanche, a critical blow for Trump’s AG pick
Attorney General nominee Todd Blanche needs at least 50 votes on the Senate floor to be confirmed after clearing the Senate Judiciary Committee.
