South Korean Stocks Tumble as Chip Sector Faces AI Boom Concerns
Business & Markets • 2 months ago
The Kospi index dropped over 9% due to heavy selling in chipmaking stocks amid worries about the sustainability of the artificial intelligence surge.
Business & Markets News
AI Stock Sell-off Deepens, Rattling Markets in Asia and US
Business & Markets • 2 months ago
Major chip firms see sharp declines as investor confidence wavers over the profitability of artificial intelligence investments.
Reserve Bank of Australia Warns Inflation Remains 'Too High,' Hints at Further Rate Hikes
Business & Markets • 2 months ago
Governor Michele Bullock indicates monetary policy may need further tightening to control elevated inflation, citing volatile oil prices and persistent supply shocks.
Gold Prices Dip Ahead of Central Bank Announcements
Business & Markets • 2 months ago
The precious metal faces pressure from rising global yields and volatile oil prices.
Johnson & Johnson Offers Up to $5.5 Billion to Settle Baby Powder Lawsuits
Business & Markets • 2 months ago
The proposed settlement aims to resolve tens of thousands of lawsuits alleging that talc-based products caused ovarian cancer.
Myer Sales Plummet Amid Cost-of-Living Pressures
Business & Markets • 2 months ago
Retail giant cites interest rate hikes and inflation for steepest sales decline in nearly a decade, prompting review of potential impairments.
Japanese Government Bonds Decline on Fiscal Concerns
Business & Markets • 2 months ago
Investors express worries about the sustainability of Japan's public finances, leading to a drop in JGB prices.
Oil Prices Dip Amid Easing U.S.-Iran Tensions
Business & Markets • 2 months ago
Crude futures decline as diplomatic efforts suggest a de-escalation of potential conflict.
Asian Currencies Hold Steady Amid Geopolitical Uncertainty
Business & Markets • 2 months ago
Regional currencies consolidate against the dollar in early trading, facing potential pressure from ongoing geopolitical risks.