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AI Stock Losses Prompt Crackdown On Leveraged ETFs In South Korea
KEY POINTSDriven by a massive wave of retail investors leveraging bets on AI chipmakers Samsung and SK Hynix, the KOSPI index recently slid 25% into a technical bear market,...
The Economic Toll Of Venezuela’s Earthquake Could Amount To More Than 30% Of Its GDP. Some Are Calling For Sanctions Relief
In the wake of two devastating earthquakes that rocked Venezuela on June 24, numerous economists and humanitarian organizations are calling on the United States and other world powers to...
Wison New Energies Signs EPCIC Contract for Baleine Phase 3 FPSO, Marking Milestone in Its Floating Production Push
Wison New Energies has signed the engineering, procurement, construction, installation and commissioning (EPCIC) contract for the floating production, storage and offloading (FPSO) facility that will serve Eni's Baleine Phase...
Wall Street Couldn’t Stop Buying Nvidia. Now Apple Is Worth More As AI Bets Shift And Chipmakers Fall
Apple has reclaimed the title of the world's most valuable publicly traded company on Friday, overtaking Nvidia in a symbolic shift that reflects changing investor sentiment about the next...
John Fetterman Threatens To Leave The Democratic Party If It Becomes ‘Anti-Israel’
Sen. John Fetterman is drawing a new red line in his increasingly strained relationship with fellow Democrats, warning that he would abandon the party if it officially adopts what...
Aer Lingus Is Cutting Four U.S. Routes. Hundreds Of Jobs Could Be Affected.
Aer Lingus is cutting four routes to the United States and scaling back several European services as part of a wider effort to reduce costs and improve profitability, a...
Shein Once Chased a $100 Billion IPO. Now It’s Preparing to Go Public at Half That Value
Shein has cleared a major hurdle in its years-long effort to secure an IPO after securing approval from the Hong Kong Stock Exchange's listing committee, according to different reports.The...
Why South Korea Just Banned New Leveraged ETFs for Samsung and SK Hynix
SEOUL — South Korea's financial regulators moved Thursday to temporarily block any new single-stock leveraged exchange-traded funds tied to Samsung Electronics and SK Hynix while sharply raising the requirements...
Netflix’s Earnings Report Was In Line With Analysts’ Estimates. Its Stock Plunged Anyway
Netflix's earnings report was in line with analysts' estimates. Its stock plunged anyway Getty Images Netflix's earnings report was in line with analysts' estimates. Its stock plunged anyway, falling...
Scientists Have Suspected A Distant Planet Might Have Life. Now They Believe It Has An Atmosphere
Scientists believe they have identified a planet other than the Earth that has the necessary ingredients to support life.The New York Times reported that scientists have been studying a...
