ByteDance, the Chinese technology company behind TikTok, is in preliminary talks with banks for what could be its largest offshore loan to date, Bloomberg News reported on Wednesday. The company is seeking a new-money facility of about $20 billion, with a proposed tenor of three years and an option to extend it by up to… Continue reading ByteDance weighs biggest-ever offshore borrowing to support AI expansion
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STOXX 600 opens flat as investors weigh US-Iran talks and ECB outlook
European shares were muted at the open on Wednesday as investors assessed developments in US-Iran negotiations, monitored the outlook for central bank policy, and reacted to sector-specific moves across the region. The pan-European STOXX 600 edged 0.02% lower to 634.50 points by 0715 GMT. The benchmark reflected a cautious start to the day, with weakness… Continue reading STOXX 600 opens flat as investors weigh US-Iran talks and ECB outlook
It’s not just SpaceX: These top Scottish Mortgage Trust stocks are in trouble
Scottish Mortgage Trust share price has retreated sharply this week, continuing a downward trend that started on June 3. SMT stock has slumped to 1,357p, its lowest level since April 14, and 13% below its highest level this year. This retreat has coincided with the ongoing SpaceX sell-off that has erased billions of dollars in… Continue reading It’s not just SpaceX: These top Scottish Mortgage Trust stocks are in trouble
Nikkei 225 stumbles as Asian markets count the cost of AI trade reversal
Asian markets tried to find their footing on Wednesday, but the calm looked fragile after a sharp unwind in the global AI trade reminded investors how quickly this year’s winners can turn into sources of stress. The selling was not broad panic. It was more selective than that. Traders cut exposure to technology, semiconductors and… Continue reading Nikkei 225 stumbles as Asian markets count the cost of AI trade reversal
Nikkei 225 Index slips as Kioxia stock suffers a harsh reversal
The Nikkei 225 Index has slumped over the past two consecutive days, reaching a low of 68,863 as fears of a technology bubble intensify. It has slipped by 5.5% from its high this week, with key technology companies in the red. Kioxia stock nears a bear market The Nikkei 225 Index has dropped sharply in… Continue reading Nikkei 225 Index slips as Kioxia stock suffers a harsh reversal
Kospi Index forms bearish divergence ahead of Micron earnings
The Kospi Index retreated sharply this week, reaching its lowest level since June 12, as technology stocks plunged. It retreated by 10% on Tuesday, and continued the trend today, June 24. This retreat may continue if Micron (MU) stock retreats after its earnings later today. Kospi Index waits for Micron earnings Kospi, an index tracking… Continue reading Kospi Index forms bearish divergence ahead of Micron earnings
Dow slips 45 points as tech sell-off deepens on AI and chip stock weakness
US stocks fell on Tuesday as a technology-led sell-off extended into a second session, with semiconductor and artificial intelligence-related shares leading losses amid global market weakness. The S&P 500 declined 1.43%, while the Nasdaq Composite dropped 2.21%. The Dow Jones Industrial Average ended slightly below the flatline, down by 45 points after earlier intraday weakness.… Continue reading Dow slips 45 points as tech sell-off deepens on AI and chip stock weakness
Strategy (MSTR) stock slumps as Bitcoin bet and preferred shares under pressure
Shares of Strategy (previously known as Microstrategy), the bitcoin-accumulation firm founded by Michael Saylor, fell sharply on Tuesday and were on track for their lowest close in more than two years. MSTR stock dropped 4.8% in afternoon trading and is now down more than 30% this year, reflecting renewed pressure across both its equity and… Continue reading Strategy (MSTR) stock slumps as Bitcoin bet and preferred shares under pressure
Netflix needs a new growth story to halt its stock decline
Netflix shares have come under pressure in recent months as investors question what will drive the company’s next phase of growth following the collapse of its proposed acquisition of Warner Bros. Discovery. The streaming giant’s stock has fallen 14% since Feb. 26, when Netflix declined to match Paramount Skydance’s $81 billion bid for Warner Bros.… Continue reading Netflix needs a new growth story to halt its stock decline