News

Alibaba and Baidu shares jump in Hong Kong on Apple AI partnership

BAIDF, AAPL, AAPLN, AAPLCL, AI, AAPLUS

The technological rivalry between China and the U.S. has intensified, as they race for AI dominance.

Ex-Fed advisor gets over three years in prison for lying about China ties

REAL25.F

The case marks one of the most prominent U.S. prosecutions alleging Chinese intelligence targeting of U.S. institutions, as Trump intensifies its pursuit of foreign economic espionage.

CNBC Daily Open: Big Tech rally drowns out Iran war fears — Buffett urges caution

Stocks closed higher on Big Tech gains and a surprise drop in wholesale prices, shrugging off fresh U.S. strikes on Iran, a naval blockade.

Bank of Korea raises rates to 2.75% in first hike in over three years

The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.

SK Hynix shares plunge 9% as Asia sees tech rout, tracking U.S. chip losses

Asian semiconductor stocks tumbled on Thursday as a selloff in U.S. chipmakers spilled into the region.

Early Q2 Results Reveal a Highly Robust Earnings Landscape

BAC, WFC, JPM, C, MU

While we are still in the opening stages of the Q2 reporting cycle, the early results strongly reinforce the robust corporate earnings trend we've been seeing, with the big banks starting off the Q2 earnings season with remarkable momentum.

$100M New Jersey deli fraud defendant Patten wants no prison time despite past conviction

James Patten is the person to be sentenced for a scheme that sent the market capitalization of a company that owned just a small New Jersey deli soaring.

Buy JPMorgan Stock for Higher Highs After Record Q2 Results?

JPM

With JPM hitting an all-time high of $351 a share following its record Q2 results, investors may be wondering whether the post-earnings rally has further room to run.

Wheat Rallies on Wednesday following Black Sea Escalation

The wheat complex was in rally mode leading to the grains higher on Wednesday, with export concerns out of the Black Sea. Chicago SRW contracts were mostly 26 to 32 1/2 cents in the green at the close. KC HRW futures were 23 ¾ to 42 cents in the front...

Cattle Continue Weakness on Wednesday as Beef Fails to Find Its Footing

Live cattle futures closed with $1.30 to $2.82 losses on Wednesday. Cash trade started to pick up this week, with a few light northern sales of $378-380 dressed and live action reported at $235-240 by USDA. Feeder cattle futures were down anywhere from 47 cents to $2.80 across most contracts...