The South Korean chipmaker seeks to leverage investor interest in AI-related equities to broaden its shareholder base. SK Hynix aims to list in the U.S. as soon as August, targeting heightened demand for AI-driven stocks. The move is part of a strategy to expand its invest
Bitcoin and Ethereum ETFs saw combined net outflows of $118.29 million amid a three-day withdrawal streak. U.S. spot Bitcoin ETFs recorded $77.44 million in net outflows on June 9, marking the third consecutive trading day of withdrawals. The streak reflects sustained sell
Commerzbank’s Tatha Ghose highlights that Hungarian inflation has fallen below the lower bound of the MNB’s tolerance range, with underlying measures remaining within target. He argues that this strengthens the case for a June rate cut from the current 6.25% policy rate, a
ECB to hike interest rates amid elevated energy prices The European Central Bank is expected to increase interest rates due to rising energy prices. Headline euro zone inflation rose to 3.2% in April, driven by a 10.9% year-on-year surge in energy prices. Th
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The Euro edges higher for a third day but stays below 1.1575 as traders await US inflation figures for direction. The Euro (EUR) rose modestly against the US Dollar (USD) for a third straight session on Wednesday but remained near two-month lows, trading below the 1.1575 s
Investors await May’s US CPI report, expected to show inflation at three-year highs, influencing Fed policy expectations. The Euro trades marginally higher against the US Dollar for a third day but remains near two-month lows below 1.1575. Geopolitical tensions and upcomin
US equities saw sharp intraday declines in tech but rebounded, with the S&P 500 closing down 0.26% as defensive sectors gained. The S&P 500 erased most of a 2.27% intraday drop to finish 0.26% lower, while the NASDAQ closed 0.97% down after a tech-led selloff reversed. Sem
Traders have reduced SpaceX’s implied first-day IPO premium to 16% from 60% amid broader crypto market pressure. A 5x-leveraged perpetual contract tracking SpaceX’s pre-IPO valuation, trading as SPCX on Hyperliquid, has dropped 27% from its mid-May high of $216 to around $
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