SK Hynix (HXSCL) filed an amended registration statement with the U.S. Securities and Exchange Commission on Monday to list its shares on the Nasdaq.The South Korean AI memory chipmaker plans to offer American Depositary Shares under the symbol SKHY, with each ADS representing a fraction of its com…
Enphase Energy NASDAQ:ENPH rose 15.83% in premarket after Northland Capital named the company a preferred pick on rising electricity costs and El Nino-driven heat, both tailwinds for solar and battery storage demand in the U.S. and Europe. The firm pegs the average U.S. summer electricity bill at…
Space Exploration Technologies NASDAQ:SPCX has reportedly explored contributing company shares to the Trump administration's new children's savings initiative, known as Trump Accounts, as relations between CEO Elon Musk and President Donald Trump appear to be improving.The discussions remain prelim…
The Trade Desk NASDAQ:TTD shares fell 4% in premarket trading Tuesday after Arete Research downgraded the digital advertising technology company to Sell from Neutral and issued a price target implying roughly 37% downside.The Trade Desk NASDAQ:TTD faces increasing competitive pressure as advertisin…
Trade Desk NASDAQ:TTD fell 4.08% intraday after Arete downgraded the advertising technology company to Sell from Neutral, setting a price target of $11.60. The stock closed Monday at $18.65, implying roughly 38% downside from current levels.Analyst Richard Kramer pointed to a few overlapping proble…
Alphabet (GOOG, Financials) is reportedly putting limits on Meta Platforms' access to Gemini, and that says a lot about where the AI race is heading.The issue is not just model quality anymore. It is computing power. According to the Financial Times, Google has restricted access for some customers…
Rheinmetall (RHM) rose 1.02% intraday after the German defense manufacturer secured a contract from Ukraine for artillery shells and propellant charges, valued in the high double-digit millions of euros. The contract value will be recognized in the second quarter of 2026, with completion scheduled…
Micron Technology (MU, Financials) said it will commit $250 million to support Trump Accounts, a savings initiative aimed at helping children and families build long-term financial security.The investment includes a new employee benefit that matches contributions of up to $1,000 per child under the…
Warner Bros. Discovery (WBD, Financials) slipped after a UK official said she may intervene in Paramount Skydance's planned takeover.UK Culture Secretary Lisa Nandy said she is minded to intervene on public interest grounds. Her concerns center on whether the deal could affect media plurality and c…
Eli Lilly (LLY, Financials) is turning to Innovent Biologics to handle sales of Verzenio in mainland China. The breast cancer drug has been available there since 2021. Last year, it generated about 1.5 billion yuan, or $221 million, in China sales, according to Jefferies data cited by Reuters.Innov…
South Korea's AI chip boom could be creating a major new opportunity for the country's wealth managers, as average wealth per adult has surged 44% since 2020, the fastest pace globally, according to UBS. Samsung Electronics (SSNLF) and SK Hynix (HXSCL), which supply about 80% of the world's high-ba…
Blackstone NYSE:BX is moving to sell stakes in three Northern Virginia data centers to Digital Realty Trust NYSE:DLR for $3.5 billion, locking in proceeds from part of a major AI infrastructure bet made less than three years ago. Digital Realty will fund the deal with $1.2 billion in cash and $2.3…
Amgen NASDAQ:AMGN is facing fresh pressure after the New England Journal of Medicine retracted the 2021 clinical trial used to support approval of Tavneos, its pill for ANCA-associated vasculitis. The journal said two study authors requested the retraction after an FDA investigation found results f…
JPMorgan Chase & Co. NYSE:JPM has pointed to continued rapid growth in separately managed accounts, or SMAs, as customized municipal-bond portfolios keep gaining ground across the state and local government debt market. According to the bank, SMA assets rose about 7% last year to $1.6 trillion, ext…
Washington's top lobbying firms are moving quickly to cut ties with Chinese tech giants as new US restrictions tighten the pressure around the Pentagon's China blacklist. Alibaba Group NYSE:BABA has lost five lobbying firms, while Tencent Holdings (TCEHY) has lost four, according to recent disclosu…
Stellantis NYSE:STLA plans to launch a new China-made Jeep model in Europe by 2030, marking a deeper push into Chinese manufacturing as the automaker looks to rebuild momentum around one of its core global brands. The large SUV will be jointly developed with Dongfeng Motor and produced at Dongfeng'…
Taiwan authorities have widened their investigation into the alleged smuggling of Nvidia NASDAQ:NVDA chips into China through Super Micro Computer NASDAQ:SMCI servers. Investigators raided Super Micro's Taiwan office, several local affiliates, and the residences of six people on Monday, according t…
JPMorgan Chase & Co. NYSE:JPM is still working to secure investor commitments for a $775 million term loan backing Sable Offshore NYSE:SOC, even though the debt carries a hefty 15% fixed interest rate. The offering remained in the market on Monday after investment commitments had originally been du…
Amazon NASDAQ:AMZN stock is in focus on Tuesday after the company agreed to pay $2.25 million to resolve U.S. allegations that it failed to provide identity theft victims with records required under federal law, while its Australian business is also facing a separate legal challenge over Prime subs…
A.P. Moller-Maersk (AMKBY) shares rose in early Copenhagen trading after the shipping company upgraded its profit outlook for this year, supported by solid demand, especially in Asia. The world's No. 2 container carrier said both underlying EBITDA and EBIT ranges were raised above analyst estimates…
