Chip rebound has one trader buying protection
Chip stocks are bounding back Monday, but the rebound doesn’t mean tech investors are in the clear, according to Mike Khouw.
Corning shares jump 4% after company strikes deal to power Amazon AI data centers in U.S.
Amazon is the latest megacap company to announce a massive deal with Corning, which is rapidly becoming a critical player in the AI buildout.
Italian coffee giant Lavazza launches single-serve tablets to make espresso in the U.S.
With Tablì, Lavazza is betting that sustainability is still a top consideration for many coffee drinkers.
China is helping to cushion global oil prices below $100 — but analysts warn it won’t last
China has reduced oil imports since the start of the Iran war, capping global crude prices.
Marvell Technology jumps 10% after news it will join the S&P 500 index
Marvell stock jumped after S&P Global said the AI chipmaker would join the S&P 500 on June 22.
Weight loss drug maker sinks 23% after new safety data spooks investors
While the experimental drug met its key targets, analysts are concerned over the commercial opportunity due to side effects.
Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization.
CNBC Daily Open: The great tech retreat
Silicon Valley’s sell-off gathers speed in Asia, with chip-heavy indices bearing the brunt of the declines, while tensions in Iran send oil prices higher.
Foreign investors have dumped billions of dollars of Korean stocks this year despite record rally. Here’s why
The selling intensified Monday as the benchmark Kospi plunged more than 8% at the open, even as it emerged as one of the world’s standout performers thus far.
SoftBank drops 6% as tech stock sell-off accelerates in Asia
The tech stock sell-off accelerates in Asia. Tech stocks fell in Europe but rebounded later on Monday.
