Dollar trades lower against peers after weak data; yen continues winning streak
The dollar nursed losses on Tuesday ahead of monthly economic data, while the yen held on to its gains after Prime Minister Sanae Takaichi’s election victory.
‘Impossible’: Taiwan pushes back against Washington’s 40% chip supply relocation goal
Taiwan has told Washington that its proposal to move 40% of Taiwan’s semiconductor supply chain is “impossible,” according to Vice Premier Cheng Li-chiun.
SoftBank shares surge 10% after telecom unit lifts outlook, Arm strength bolsters AI narrative
Shares of SoftBank Group Corp jumped over 10% after its telecom arm raised its full-year profit outlook and renewed optimism around Arm Holdings.
South Korea’s largest defense firm Hanwha Aerospace slumps 6% as revenue, pre-tax profit miss estimates
Hanwha missed revenue and pre-tax profit estimates, but beat net profit expectations.
YouTube star MrBeast buys youth-focused financial services app Step
YouTube star James Stephen Donaldson, better known as Mr. Beast, has acquired youth-focused financial services app Step.
CNBC Daily Open: Takaichi and the AI trade in focus this week
The Takaichi trade is fueled by expectations that her policies will boost equities, while weakening the yen as she prefers looser monetary policy.
Japan’s Nikkei 225 closes at record high as Asian stock markets mostly rise
Japanese stock gains have been fueled by the “Takaichi trade” after Prime Minister Sanae Takaichi’s landslide victory in the Lower House.
S&P 500 closes lower as AI fears weigh on financial stocks; Dow hits another record: Live updates
Investors reacted to weaker-than-expected retail sales data and grew concerned about the threat artificial intelligence poses to the financial sector.
Alphabet calls out new AI-related risks, as it taps debt market to fund build-out
In Alphabet’s annual report, the company said AI poses business risks, including its potential impact on advertising.
Morgan Stanley says these two stocks will more than double as they pivot from bitcoin to data centers
A pair of bitcoin-linked firms could see their shares skyrocket, even as the flagship crypto retreats, due to their pivot to the data center business.
