CNBC Daily Open: The $1 trillion club just got bigger
South Korea’s SK Hynix and U.S. chip firm Micron become the latest companies to top $1 trillion in market capitalization as the AI rally resumes.
CNBC UK Exchange newsletter: A UK ‘wealth tax’ is fraught with complications
Labour’s Wes Streeting wants to raise the rate at which capital gains are taxed into line with the higher and top rates of income tax.
Dulux maker’s stock soars 20% after takeover bid from major rival; oil holds below $100
European stocks closed in positive territory on Wednesday as regional investors assess the latest military operations against Iran.
SK Hynix has surged 250% this year. Analysts say the AI-fueled rally may be only halfway done
Analysts say the AI memory cycle still has years to run, with limited new capacity and surging cloud investment supporting further upside for SK Hynix.
Why the UAE walked away from OPEC
The United Arab Emirates’ decision to leave OPEC after nearly 60 years marks a major shift in the global oil order. Officially framed as an economic decision, the move reflects Abu Dhabi’s frustration with production limits, its push to monetize oil re…
Samsung plans $1.5 billion chip testing plant in Vietnam, document shows: Reuters
The new factory, for which construction has already begun in an industrial park 37 miles north of Hanoi, is slated to start operations in November 2027.
China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds
China’s industrial profits grew at their fastest pace in over two years in April, buoyed by stronger exports, higher producer prices and gains in upstream industries.
European companies double down on China manufacturing despite EU de-risking push
Low manufacturing costs in China are keeping many European businesses’ supply chains in the country despite pressure in the EU to reduce overseas reliance.
SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks
Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.
Asia-Pacific markets trade mixed as investors weigh Iran tensions and ceasefire talks
Asia-Pacific markets traded mixed on Wednesday as investors assessed recent U.S. military action in Iran.
