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The Latest Breaking News on Business

Explained: Why SK Hynix ADR premiums soared 50% over South Korean shares and how this reminds market of dotcom bubble

SK Hynix’s ADRs are trading at a more than 50% premium to their South Korea-listed shares just days after their Nasdaq debut, raising comparisons with TSMC’s dot-com-era valuation gap. Analysts attribute the divergence to restricted arbitrage, strong AI-driven demand, and easier access for global investors through US markets.

The Economic Times

Global Market: China Q2 growth slows to 4.3% yoy; Asia, metals stocks likely to remain volatile

China's economy grew 4.3% year-on-year in the second quarter, missing market expectations and marking its slowest pace since late 2022. The weaker-than-expected growth, driven by soft domestic demand despite resilient exports and industrial production, could keep Asian equities and metal stocks volatile as investors assess the outlook for China's economy…

The Economic Times

US Stock Market: Citigroup shares slide after upbeat results fail to ease worries over higher costs

Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank's net income jumped 45%, surpassing analyst expectations significantly. However, shares declined as investors focused on potential higher expenses ahead. Citigroup maintained its full-year return target, signaling possible weaker second-half profitability. The bank's results align with other…

The Economic Times

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Global Market: SK Hynix jumps 13% as easing US inflation, AI memory optimism lift chip stocks

South Korean semiconductor shares experienced a significant surge on Wednesday. This rally was fueled by softer U.S. inflation data and renewed AI demand optimism. SK Hynix and Samsung Electronics saw substantial gains in early trading. Analysts foresee strong structural demand from AI applications supporting the memory market. Industry experts predict…

The Economic Times

US Stock Market: Fed officials welcome softer US inflation, seek more evidence before policy shift

Federal Reserve officials noted cooling inflation data but stressed more months are needed. They indicated a weakened case for a near-term rate hike while remaining cautious. Market attention now shifts to producer price data for broader inflation trends. Investors have reduced expectations for an imminent interest rate increase. Policymakers remain…

The Economic Times

AMD Looks Set for a Beat-and-Raise Quarter on Surging AI Server Demand, According to BofA

Bank of America expects Advanced Micro Devices to deliver a beat-and-raise quarter driven by surging AI server demand for its EPYC CPUs and accelerators.

Barchart

Writers Guild sues to block Paramount deal, saying it would hurt writers

The Writers Guild has sued to block Paramount's acquisition of Warner Bros Discovery. This legal action follows a similar lawsuit filed by California and eleven other states. The guild argues the merger will reduce competition and suppress writer wages. Paramount contends the deal will expand opportunities and increase production for…

The Economic Times

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Dear General Electric Aerospace Stock Fans, Mark Your Calendars for July 16

GE's Q2 upcoming earnings print follows a strong Q1 with revenue of $12.4 billion and adjusted EPS of $1.86.

Barchart

LAPD hits pause on Flock surveillance cameras due to 'serious concerns around civil liberties and privacy' — as the backlash continues to grow

Police are turning on Flock cameras as privacy concerns continue to grow

TechRadar

Even DJI camera lookalikes are under threat in the US, as the FCC investigates several companies over borrowed tech

Several camera companies are under investigation after research hinted that the brands use communications tech banned under the FCC Covered list

Digital Camera World

Writers Guild of America seeks to block Paramount's buyout of Warner in latest merger challenge

The Writers Guild of America has become the latest group to challenge Paramount’s $81 billion acquisition of Warner Bros

The Independent UK

JPMorgan Says Markets Are 'Extremely Risk-On'

JPMorgan Chase & Co. (NYSE:JPM) stock traded higher on Tuesday after the bank reported second-quarter 2026 earnings beat and raised its outlook.

Benzinga

Norfolk Southern's Q2 2026 Earnings: What to Expect

Norfolk Southern is set to report its second-quarter results later this month, and analysts predict a single-digit drop in the company’s bottom-line figure.

Barchart

Operator of Men’s Wearhouse, Jos A. Bank plans massive expansion with 500 new stores

Tailored Brands, the parent company of Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore, has filed for an initial public offering and plans to open up to 500 stores over the next decade, marking a major turnaround from its COVID-19 pandemic-era struggles.

The Independent UK

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Barchart

Corning Earnings Preview: What to Expect

Corning is set to announce its second-quarter earnings this month, and Wall Street forecasts a double-digit rise in its bottom line.

Barchart

What to Expect From CBRE Group's Q2 2026 Earnings Report

CBRE Group will release its second-quarter earnings later this month, and analysts anticipate a double-digit bottom-line growth.

Barchart

Here's What to Expect From American Tower's Next Earnings Report

American Tower will release its second-quarter earnings later this month, and analysts anticipate a low single-digit FFO growth.

Barchart

Essex Property Trust Earnings Preview: What to Expect

Essex Property Trust will release its second-quarter earnings later this month, and analysts anticipate a marginal FFO dip.

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InsideEVs

Exclusive: We Finally Know The Slate Truck's Destination Fee. Here's The Final Price

Slate's destination charge will be the lowest for any pickup truck in the U.S., which is pretty on-brand.

The Economic Times

Wall Street banks see AI 'super cycle' set to boost deals, financing

Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 billion initial public offering, as well as debt issuance.

Benzinga

Wall Street Volatility Becomes Bank of America’s Gold Mine, Trading Revenue Soars 33%

Bank of America Corp. (NYSE:BAC) reported stronger-than-expected second-quarter fiscal 2026 results on Tuesday.

Reason

Ohio Cut Red Tape. Now Its Business Sector Is Thriving.

America's most business-friendly states are proof that permitting reform works. Still, they have a bad habit of handing out tax breaks to favored industries.

Benzinga

Goldman Sachs CEO David Solomon Says Clients Are Bringing Their Critical Deals to His Bank

Goldman Sachs Group Inc. (NYSE:GS) stock rose in premarket trading Tuesday after the investment bank reported second-quarter fiscal 2026 results that topped Wall Street estimates on stronger investment banking and trading revenue.

Everybody Loves Your Money

5 Arizona Consumer Refund Rights Shoppers Should Know Before Buying Major Appliances

A refrigerator or washing machine can cost well over $1,000, and when delivery problems, warranty disputes, or misleading sales claims arise, consumers often discover that resolving the issue isn’t as simple as returning a shirt to the store. Before signing the receipt and watching a delivery truck roll away, Arizona…

The Economic Times

Warren Buffett cuts off donations to Gates Foundation following Epstein revelations

Warren Buffett is donating six billion dollars in stock to four family foundations. This significant shift ends a long-standing philanthropic partnership with the Gates Foundation. The decision follows revelations about Bill Gates' past interactions with Jeffrey Epstein. Buffett's annual donations have historically supported the Gates Foundation for two decades.

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