SK Hynix’s record first-quarter profit failed to deliver a bigger lift to the stock on Thursday, as investors weighed whether the AI-driven memory boom can keep running at the same pace. The South Korean chipmaker posted an operating profit of 37.6 trillion won ($25.4 billion) for the January-March period. The figure jumped more than fivefold… Continue reading Why is SK Hynix stock falling despite record first-quarter profit?
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Dogecoin price prediction as spot DOGE ETFs backfire
Dogecoin price has moved sideways in the past three months as the crypto winter has continued and as demand for the DOGE ETFs dried. DOGE token was trading at $0.0945 on Thursday, inside the narrow range it has been since January. Demand for DOGE ETFs has dried up One of the most important catalysts for… Continue reading Dogecoin price prediction as spot DOGE ETFs backfire
Why is SoftBank raising $10B loan backed by OpenAI stake?
SoftBank Group is seeking to raise as much as $10 billion through a margin loan backed by its shares in OpenAI, according to Bloomberg News. The development comes as Masayoshi Son’s group leans further on debt to finance its artificial intelligence push. The proposed borrowing would run for two years and include an option for… Continue reading Why is SoftBank raising $10B loan backed by OpenAI stake?
Gold hits two-week low: are rising oil prices to blame?
Gold fell to a two-week low on Friday as oil prices pushed back above $100 a barrel after renewed military tension between the US and Iran heightened inflation concerns and reinforced expectations that interest rates may stay higher for longer. Spot gold fell 0.7% to $4,705.1 an ounce, while US gold futures for June delivery slipped 0.6%… Continue reading Gold hits two-week low: are rising oil prices to blame?
Nikkei breaks 60,000 as Asian markets climb on strong earnings
Asian equities climbed to fresh highs on Thursday after Wall Street’s benchmark posted a third straight record close, as a solid start to the US earnings season helped investors look beyond rising oil prices. Japan’s benchmark briefly rose above 60,000 for the first time, South Korea’s Kospi reached a record high and Taiwan’s main index also touched… Continue reading Nikkei breaks 60,000 as Asian markets climb on strong earnings
Cardano price prediction as chain fees craters to just $38k
Cardano price has moved sideways in the past few months as the crypto winter has continued. It was trading at $0.25 on Wednesday, inside the narrow range it has remained inside since February this year. It has crashed from a record high of $3, with its market cap falling from over $90 billion to $9… Continue reading Cardano price prediction as chain fees craters to just $38k
Warner Bros. Discovery’s shareholders to vote on Paramount’s offer tomorrow
Paramount’s ambitious $110 billion bid to acquire Warner Bros. Discovery is approaching a decisive moment, as shareholders prepare to vote on the deal on Thursday, bringing the media industry closer to one of its largest consolidations in recent years. The proposed transaction, which has already secured unanimous backing from the boards of both companies, is… Continue reading Warner Bros. Discovery’s shareholders to vote on Paramount’s offer tomorrow
Tesla stock jump 4% as earnings beat, FCF surprises upside
Tesla shares surged as the company reported first-quarter results that topped Wall Street expectations, signaling resilience in profitability even as vehicle sales came in softer than anticipated and the company prepares for a sharp increase in investment. Adjusted earnings per share came in at 41 cents, ahead of the 34-cent average estimate compiled by Bloomberg.… Continue reading Tesla stock jump 4% as earnings beat, FCF surprises upside
Dow Jones jumps 340 pts as ceasefire, earnings fuel rally
US stocks moved higher on Wednesday, snapping a recent losing streak as investors responded positively to an extended ceasefire between the United States and Iran, while a strong start to earnings season provided additional support. The Nasdaq Composite climbed 1.64%, touching a fresh all-time intraday high, while the S&P 500 advanced about 1% to close… Continue reading Dow Jones jumps 340 pts as ceasefire, earnings fuel rally