Business

Dollar Climbs, 2-Year Yields Rise After Warsh Signals Higher Rates

The dollar climbed and 2-year Treasury yields rose after Fed Chair Kevin Warsh's Friday speech emphasized delivering stable prices, lifting rate-hike bets.
Business Khaled Ayoub -

Iran Ties Strait of Hormuz Reopening to End of Regional Wars

Iran said on Thursday it would set conditions to reopen the Strait of Hormuz, linking the move to an end to fighting in Gaza, Lebanon and Syria.
Middle East Aarav Shen -

Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal
Business Lynn Hatem -

Nvidia Earnings Beat Fails to Lift Broader Chip Sector This Week

Nvidia posted blockbuster results on August 28, but the wider chip sector closed mixed across the US, Europe and Asia, exposing a narrowing AI trade.
Business Lynn Hatem -

Nepal-Tibet Flood Kills 469, Leaves 39 Australians Missing and Rebuild Nearing $5 Billion

A glacier collapse on the China-Nepal border killed at least 469 people, left 39 Australians missing and could cost $5 billion to rebuild.
Asia-Pacific Lynn Hatem -
Latest

Stripe to Buy AI Model Gateway OpenRouter in Fintech’s Deeper AI Push

Stripe said on August 19 it agreed to acquire OpenRouter, an AI model gateway for developers, extending the payments firm's reach into the AI market.

CK Hutchison Seeks $1.5 Billion From Panama Over Seized Canal Ports

CK Hutchison has launched arbitration against Panama, seeking over US$1.5 billion in damages over the takeover of two Panama Canal ports.

U.S. Treasury Doubles Bond Buybacks as 10-Year Yield Tops 4.70%

The U.S. Treasury will more than double government bond buybacks to calm rising yields, pushing the 10-year rate back to 4.65% and lifting gold prices.

Marvell Signs Google Chip Deal With $12.2 Billion Stock Option

Marvell shares surge after striking a custom chip deal with Google that includes an option to buy about $12.2 billion in stock, as Broadcom shares fall.

Treasury Doubles Debt Buybacks to Steady Bond Market, Pushing Yields Lower

The U.S. Treasury will double its debt buyback operations for longer-term securities, steadying the bond market and sending yields lower on August 19.

TJX Shares Drop as Quarterly Profit Guidance Falls Short of Estimates

TJX Companies shares fell after the off-price retailer forecast quarterly profit below estimates on soft demand, despite raising its full-year outlook.

Roblox Commits to Safety Overhaul After Australia Finds Adults Contacting Children

Roblox has signed a legal agreement with Australia's eSafety regulator to overhaul privacy settings after tests found adults could contact children.

Target Lifts Annual Forecasts as Fiddelke’s Turnaround Wins Back Shoppers

Target raised its full-year profit and sales outlook again as CEO Michael Fiddelke's store revamp and fresh merchandise draw customers back to the retailer

CFTC Seeks Public Comment on Computing Power Derivatives as AI Demand Surges

The U.S. CFTC has opened a public consultation on derivatives tied to computing power as demand for AI infrastructure drives interest in the resource as a

Fed Officials Signal Rate Hike if Inflation Fails to Cool, Minutes Show

Federal Reserve minutes from the July meeting show officials divided on inflation, with growing support for raising interest rates if price pressures persi

SK Hynix Unveils $28.6 Billion Share Buyback, Sending Stock Rallying

SK Hynix shares rallied after announcing a $28.6 billion share buyback and cancellation program, signaling confidence in surging AI memory demand.

Analog Devices Rallies as Data Center and Industrial Chip Sales Beat Views

Analog Devices shares rallied after quarterly results topped expectations, driven by strong data center and industrial chip sales amid an AI-fueled recover

Target Posts Second Straight Sales Gain and $994M Tariff Refund, but Stock Falls

Target reported a second straight quarter of comparable sales growth and a $994 million tariff refund, raising its outlook, but shares fell on the report.

Moderna Stock Soars 50% After Melanoma Vaccine Succeeds in Phase 3 Trial

Moderna shares surged 50% after its cancer vaccine with Merck delayed melanoma recurrence in a late-stage trial, lifting the broader vaccine sector.

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