US Tech Rout Sours Mood For Japan, South Korean Chip Stocks - Bloomberg.com

US Tech Rout Sours Mood For Japan, South Korean Chip Stocks  Bloomberg.com

Fed’s Warsh Says Inflation Poses Less Risk Than a Few Weeks Ago

The Federal Reserve chairman, Kevin Warsh, stressed that the central bank would “deliver price stability,” a point he has emphasized repeatedly since taking over in May.

By Eshe Nelson and Colby Smith

Can Kevin Warsh tame the Fed’s $7tn balance sheet?

Pragmatism, not ideology, should be the guide

Starlink pushes back against EU-imposed restrictions on satellite telephony

The European Commission aims to promote European satellite constellations in this strategic sector. Elon Musk's US-based group warns of a significant decline in its service quality in Ukraine.

The dollar looks ready to break higher. Here's why Wall Street is turning bullish

The U.S. dollar may be emerging from nearly a year of stagnation, with analysts increasingly arguing that the world's reserve currency is poised for a more sustained advance.

Is Meta ‘giving up’ on cutting-edge AI? Wall Street is divided over potential cloud pivot.

Meta shares popped on reports of a new cloud-computing venture, but some analysts wonder if that would signal disappointing uptake of internal AI offerings.

By Christine Ji

DOGE cuts see small towns across the nation forced to pare down America 250 celebrations

DOGE cut $100 million in National Endowment for the Humanities grants that the Elon Musk-led initiative claimed did not align with Trump’s agenda

By Ariana Baio

Fed's Warsh says any balance sheet policy change won't be a surprise

Seoul stocks open sharply lower on US tech losses, Fed caution

Seoul stocks opened sharply lower Thursday as a sell-off of US semiconductor shares weighed on market sentiment, while investors assessed fresh remarks from Federal Reserve Chairman Kevin Warsh. After opening 4.46 percent lower, the benchmark Korea Composite Stock Price Index extended losses, plunging 517.25 points, or 6.23 percent, to 7,790.16, as of 9:15 a.m. Due to the sharp drop, the bourse operator Korea Exchange activated a sell-side sidecar for the Kospi around 9:07 a.m., halting program

By The Korea Herald

AOL Returns To Wall Street Spotlight With IPO Of New Corporate Parent Bending Spoons

A quarter-century after it swallowed Time Warner in one of history’s splashiest and most ill-fated mergers, AOL returned to the Wall Street spotlight Wednesday with a new corporate parent, Bending Spoons. The Milan, Italy-based company had its initial public offering on the Nasdaq, with shares rising 40% to finish at $40.50. The IPO raised about […]

By Dade Hayes

Asian shares fall as chipmakers drag; US jobs data looms

Asian markets mostly lower as Wall Street tech selloff weighs on sentiment

These Are The Biggest Pain Trades

These Are The Biggest Pain Trades Last week saw renewed skepticism in the AI narrative, this week there is growing skepticism to the semiconductor narrative. A multitude of reasons from leveraged single-stock ETFs to a too hawkish Fed were apparent in explaining renewed Tech weakness. Indeed, despite Micron’s post earnings rally, which has now fully faded, much of the broader tech sector did not bounce back as might have been expected. In a note laying out the biggest pain trade...

By Tyler Durden

Warsh Says Inflation Risks Are Down, Vows Price Stability

Federal Reserve Chairman Kevin Warsh said price risks have come down in recent weeks, while repeating his determination to bring inflation back to the US central bank’s 2% target.

By Enda Curran, Catarina Saraiva