After a sharp sell-off, South Korea’s stock market rallied as concerns about overspending on artificial intelligence eased, sending the country’s chip shares higher.
Category: Stocks and Bonds
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In Another Wild Day for South Korean Stocks, Market Surges 15 Percent
The New York Times – Business: -
A.I. Hedge Fund Situational Awareness Rescued by Rival Citadel
The New York Times – Business:The once-high flying fund, Situational Awareness, has been bailed out by Kenneth Griffin’s Citadel, according to three people briefed on the transaction.
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A ‘Credibility Shock’ Looms Over the Fed
The New York Times – Business:Bonds sold off sharply after the Federal Reserve’s latest rate decision, signaling growing turmoil between the markets and the central bank.
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Oil Prices Wobble as Middle East Veers Toward Wider Conflict
The New York Times – Business:Bond yields are also higher on concerns about inflation.
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Global Oil Prices Jump as Attacks Resume in the Middle East
The New York Times – Business:After several days of a lull in the direct conflict, a flare up in tensions left investors concerned about the continued flow of energy from the region.
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Why Index Funds Haven’t Boosted SpaceX
The New York Times – Business:Some market watchers are puzzled that shares in Elon Musk’s rocket and A.I. company have stalled out despite major interest from Wall Street.
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Samsung Made More Profit Last Quarter Than the Last Two Years Combined
The New York Times – Business:The A.I. boom has propelled the South Korean tech giant’s earnings, but its shares sank as investors had even loftier expectations.
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The Hottest Stock Markets Lead to the Biggest Losses
The New York Times – Business:Investor enthusiasm culminated in some of the worst cases of wealth destruction in the last 100 years, a long-running study shows.
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Less Than 10 Percent of Eligible Children Have Trump Accounts
The New York Times – Business:More than six million have been signed up for the investment accounts, which open for contributions July 4, but there are barriers to uptake.
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Oil Prices Hold Steady as Iran and U.S. Prepare for Talks
The New York Times – Business:Iran and the United States were set for further talks after a spurt of hostilities had underscored the uncertainty surrounding attempts to strike a lasting peace deal.