
Chinese Chip Maker YMTC Seeks $4.9 Billion IPO
China's flagship memory chip maker filed for an initial public offering in Shanghai that is set to be among the country's biggest share sales by a semiconductor maker in years.
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China's flagship memory chip maker filed for an initial public offering in Shanghai that is set to be among the country's biggest share sales by a semiconductor maker in years.

Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors — almost twice the fresh capital it is seeking in an IPO — to help compensate them for a sharp slide in its valuation, its prospectus showed on Monday.

Washington will unveil "the single greatest financial offensive ever" imposed on Iran on Monday. The new measures will add to an extensive sanctions regime already targeting Iran's oil, shipping, and financial sectors.

Asian currencies consolidated against the dollar, but may be supported by worries over U.S. national debt

Nvidia is likely to experience a post-earnings sell-off despite strong growth, presenting a potential buy opportunity below $200. NVDA's outsized market cap means its volatility could trigger broader tech and AI-related market declines, especially if growth decelerates.

The Nikkei Stock Average rose 0.3% to 66212.61. Japanese stocks swung between mild gains and losses as investors digested the U.S.-Canada trade spat.

The fast-fashion giant said it will use the proceeds raised to strengthen its technology infrastructure, as well as strengthen its global presence.

Oil prices fell as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran. U.S. Treasury Secretary Scott Bessent is set to unveil a new package of sanctions against Iran later.

As a Fed governor 15 years ago, Warsh was more worried about inflation than nearly all of his colleagues, and for years it didn't materialize.

Online fast-fashion retailer Shein launched book building for a Hong Kong initial public offering on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion), valuing it at up to $26.81 billion, according to an offering prospectus.

The U.S. imposed a 50% tariff on about $20 billion worth of Canadian imports after talks between the countries broke down late Friday night. The levy officially went into effect at 12:01 a.m.

President Donald Trump is aiming to deliver cost relief for some ground beef imports to lower prices for American consumers, by allowing up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff for the next 90 days. He also made a commitment that the beef will be sold at 25% below current market prices.

The Overseas Equity ETF posted a return of 7.11% in second quarter 2026. Emerging markets and developed Europe were the leading contributors while North America and developed Asia excluding Japan detracted. Information technology and consumer staples were the largest contributors among equity sectors, while energy, materials and communication services detracted.

The Alger Concentrated Equity ETF outperformed the Russell 1000 Growth Index during the second quarter of 2026. Nebius Group, Western Digital Corporation, and Astera Labs, Inc. were among the top contributors to performance. GFL Environmental Inc, QXO, Inc., and Figure Technology Solutions, Inc. were among the top detractors from performance.

IBM and the US Open are expanding their use of AI to give fans real-time match insights, including personalized updates, an AI assistant and win probabilities that change after every point. IBM Senior Vice President Jonathan Adashek and former tennis player Sam Querrey are on Bloomberg This Weekend to discuss with hosts David Gura and Christina Ruffini how the technology also gives players and coaches deeper data to analyze opponents and match strategy while helping more than 14 million digital users follow the tournament.