Market News

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Source: CNBC News Agency

4 weeks ago

General Medium Importance

Tanker struck in Hormuz, raising worries over escalation, as Trump vows to hit Iran 'hard'

A tanker was struck by three unknown projectiles while transiting eastbound through the Strait of Hormuz on Monday. Iran's Islamic Revolutionary Guard reported on Monday the interception of a U.S. MQ-9 drone over the eastern Strait of Hormuz.

Source: CNBC

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Source: CNBC News Agency

4 weeks ago

General Medium Importance

Fast-fashion giant Shein's shares drop 7% in Hong Kong market debut

Shein made its Hong Kong market debut Tuesday. The fast-fashion giant plans to use 80% of its IPO proceeds on technology and global expansion.

Source: CNBC

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Source: WSJ News Agency

4 weeks ago

General Medium Importance

South Korea's Exports Extend Chip-Led Growth in August

Semiconductors, which account for more than a third of South Korea's exports by value this year, continued to drive the gains.

Source: WSJ

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Source: WSJ News Agency

4 weeks ago

General Medium Importance

Who Pays for Wildfire Damage? California Can't Agree

Lawmakers balk at Newsom's proposal to limit utilities' wildfire liabilities, sending shares down sharply.

Source: WSJ

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Source: Reuters News Agency

4 weeks ago

General Medium Importance

Shein to begin trading shares in Hong Kong after long-awaited IPO

Chinese online fashion giant Shein's Hong Kong stock exchange debut on Tuesday caps a years-long effort to tap capital markets.

Source: Reuters

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Source: WSJ News Agency

4 weeks ago

General Medium Importance

Nikkei Falls 1.0%, Dragged by Chip Stocks

Japanese stocks were lower as concerns about the Iran conflict and higher energy costs resurface.

Source: WSJ

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Source: Barrons News Agency

4 weeks ago

General Medium Importance

Review & Preview: See You in September

End of August. The S&P 500 and Nasdaq Composite each clocked their best August since 2021, despite Monday's end-of-month slide.

Source: Barrons

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Source: CNBC Television News Agency

4 weeks ago

General Medium Importance

Viking is a best of breed company, says Jim Cramer

'Mad Money' host Jim Cramer shares his take on Viking after a decline in the stock.

Source: CNBC Television

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Source: CNBC News Agency

4 weeks ago

General Medium Importance AI Analyzed

August was the month of the comeback kids. Cramer reviews what drove the biggest winners

CNBC's Jim Cramer said August was a comeback month for stocks that had been battered by bearish narratives. Enterprise software staged a particularly strong recovery as Palantir, Veeva, Salesforce, and ServiceNow rallied after fears that AI would disrupt their businesses proved overblown.

Source: CNBC

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Source: Reuters News Agency

4 weeks ago

General Medium Importance AI Analyzed

Ares raises $4 billion for Japan logistics fund in unit's largest fundraise

Ares Management , a U.S.-based investment firm, said on Tuesday its real estate arm has raised 612 billion yen ($4 billion) for its fifth Japan logistics development fund, marking the unit's largest closed-end institutional ‌fundraise to date.

Source: Reuters

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Source: WSJ News Agency

4 weeks ago

General Medium Importance AI Analyzed

Shein Had 4.4 Billion Reasons to Speed Its IPO Along

The company's initial public offering in Hong Kong this week allowed it to avoid paying out billions to early investors.

Source: WSJ

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Source: Seeking Alpha News Agency

4 weeks ago

General Medium Importance AI Analyzed

AI Power Demand Is Exploding, But How Much Actually Gets Built

Former bitcoin miners like IREN, TeraWulf, CleanSpark, MARA, and Riot are pivoting to AI compute and power infrastructure, leveraging massive contracted backlogs relative to current revenues. Wall Street forecasts for data center electricity demand are far more aggressive than the IEA's, with recent upward revisions highlighting uncertainty and potential overestimation of near-term growth. None of these companies is generating positive free cash flow; buildouts are financed via GPU-backed debt, customer prepayments, and equity, not operating cash.

Source: Seeking Alpha

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Source: Reuters News Agency

4 weeks ago

General Medium Importance AI Analyzed

Shein set for lacklustre debut after setbacks cause huge drop in valuation

Chinese online fashion giant Shein's Hong Kong debut on Tuesday caps a years-long effort to tap capital markets after trying to list in vain in the West, but may bring little comfort to investors with an expected lacklustre start ‌to trade.

Source: Reuters

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