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.
Stock futures are little changed after the S&P 500 closes at another record: Live updates
The S&P 500 and Nasdaq Composite rose to fresh intraday and closing records on Tuesday.
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
SpaceX IPO filing sparks a bull market in space stocks. How to buy in
Analysts see a range of IPO beneficiaries, from suppliers to proxies — and even competitors
Pope Leo is concerned about AI replacing human work. Traders share his concern long term
The leader of the Catholic Church warned about artificial intelligence upending the labor market. Traders on Kalshi see unemployment jumping before 2030.
