KOSPI fell 5.5% and Samsung shed 7.3% on Wednesday as the global chip selloff deepened, with US 30-year Treasury yields reaching their highest level since 2007.
Category: Markets
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Reddit Joins the S&P 500 Monday as Index Funds Scramble to Buy 16.7 Million Shares
S&P Dow Jones Indices announced on August 13 that Reddit will enter the index before markets open on August 18, making it the second pure-play social media stock in the S&P 500 after Meta.
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Anthropic Eyes $2 Trillion October IPO That Would Eclipse SpaceX as Largest Ever
Six Anthropic investors told the FT the AI lab is targeting $2 trillion in its October IPO, which would be the largest public offering in history.
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S&P 500 Closes at Record 7,799 as Soft PPI Eases Rate-Hike Fears
Weaker-than-expected producer price data on Thursday pushed the S&P 500 to a new closing record of 7,798.99, trimming the probability of a Federal Reserve rate hike in September.
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Crude Oil Retreats on US Inventory Build and Weak Demand as Hormuz Risks Linger
WTI crude slipped to around $81 a barrel on August 14 as a substantial US stock build and signs of slowing global demand overshadowed ongoing supply risk from the Strait of Hormuz.
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Gold Holds Above $4,400 as Cooling CPI Dims September Rate-Hike Bets
Gold futures held near $4,408 per ounce on August 13 after two consecutive months of cooling US inflation reduced the probability of a Federal Reserve rate hike in September to around 34%.
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CoreWeave Revenue Doubles to $2.6 Billion as AI Backlog Hits $104 Billion
CoreWeave reported Q2 revenue of $2.58 billion, up 112% year over year, with its AI backlog swelling to $104 billion and shares jumping 13.5% after hours.
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Nvidia Mobilizes $500 Billion in AI Infrastructure Financing With Six Wall Street Firms
Nvidia signed MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create AI compute financing platforms targeting over $500 billion in third-party capital.
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TSMC July Revenue Jumps 44.7% to Record $14.5 Billion as AI Demand Accelerates
TSMC posted July revenue of $14.5 billion, up 44.7% year-on-year, pushing cumulative 2026 revenue 37% higher and prompting the company to raise its full-year growth forecast above 40%.
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Brent Rises Above $84 as Iran Demands Sanctions Relief Before Hormuz Can Reopen
Brent crude climbed past $84 a barrel on August 10 as Iran’s foreign minister ruled out any Strait of Hormuz deal without US sanctions relief and war reparations, keeping a risk premium in oil prices.