Markets, trade, and economic policy worldwide
The South Korean won has fallen to its weakest level against the U.S. dollar since the global financial crisis.
Comcast-owned Sky has reached terms to acquire ITV's broadcast unit, according to sources.
Seoul shares spike over 5 percent to near 9,000 on a chip rally after Micron earnings.
South Korea's KOSPI jumps 5.8% on strong broad-based market gains.
H&M's profit miss raises concerns for retail stocks and the company's turnaround prospects, deepening market uncertainty.
An investment firm owned by the children of Thailand's second-wealthiest person will buy assets worth $848 million from the developer their family controls.
H&M reported weaker-than-expected second-quarter earnings, saying the results pose a fresh challenge to its turnaround efforts.
The 2026 Summer Davos forum, the WEF's 17th Annual Meeting of the New Champions, closed on June 25 in Dalian, China, after gathering over 1,700 participants from more than 90 countries to discuss scaling innovation. The WEF announced the next Summer Davos will be held in Tianjin in 2027.
S&P 500 unofficially ends session lower by 10.09 points, or 0.14%, at 7,355.37
Bloomberg opinion columnist David Fickling writes that a weak monsoon is disrupting India's $300 billion farm economy as decisively as a chip shortage would upend the automotive industry.
Paramount is prepared to sell its Universal Pictures joint venture as part of a deal with Warner, according to a source.
According to LiveSquawk, Micron Technology reported Q3 2026 revenue of $41.46 billion, beating the $35.59 billion estimate, and adjusted EPS of $25.11 versus the $20.60 estimate. The company also raised its Q4 outlook to $50.00 billion revenue and $31.00 adjusted EPS.
The Federal Reserve says U.S. banks can withstand $708 billion in losses amid an overhaul of capital rules.
Dow Jones unofficially ends session higher by 177.22 points, or 0.34%, at 51,844.06.
The French and German governments will need each other's approval to reduce their stakes in KNDS below 30% after the defense company goes public.
Paramount Skydance's $110 billion takeover of Warner Bros. Discovery is raising questions over filmmakers' ability to reach audiences in the EU.
South Korean stocks rebound from a 10% rout, with investors refocusing on chipmakers' earnings after what many saw as a selloff driven by technicals.
Nvidia’s banned AI chips have doubled in price on China’s black market, according to the Financial Times.
The closure of the Strait of Hormuz has stranded nearly 1,200 cargo ships carrying approximately $125 billion worth of goods, according to the Financial Times.
Wall Street fell as semiconductor stocks slid on concerns about AI spending, with the Nasdaq and S&P 500 closing at more than one-week lows.
SpaceX raises $25 billion in debt sale less than two weeks after IPO
Korean shares advance at the open despite overnight declines in U.S. semiconductor stocks.
Wall Street fell as the Nasdaq and S&P 500 closed at more than one-week lows, dragged down by sharp losses in semiconductor stocks amid concerns over AI spending.
Wall Street fell as chip stocks slid on AI spending concerns. The Nasdaq and S&P 500 closed at more than one-week lows, dragged down by sharp losses in semiconductor stocks.
Wall Street fell as semiconductor stocks slid on concerns about AI spending. The Nasdaq and S&P 500 closed at more than one-week lows, dragged down by sharp losses in chip stocks.
The Australian Dollar declined as risk aversion and Federal Reserve policy bets strengthened the US Dollar in foreign exchange markets.
Japan's 10-year JGB yield declined slightly, settling at 2.670%.
A selloff in global tech stocks has intensified, leaving investors worried about higher interest rates and stretched valuations.
Euro weakens below 1.1400 against US Dollar as Federal Reserve rate hike bets lift the greenback in FX markets.
Alphabet is set to join the Dow Jones Industrial Average, shifting the index's industrial composition toward technology.