SK Hynix surges 11% after filing for blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it plans to raise as much as $29.4 billion in a U.S. stock market listing.
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Wheat Fades Back on Wednesday
The wheat complex saw contracts fade lower on Wednesday. Chicago SRW contracts were steady to a penny lower at the close. KC HRW futures saw nearby July down a penny, with other contracts fractionally to 2 ¾ cents in th…
Read more →Soybeans Fade Lower into the Midweek Close
Soybeans faded lower into the Wednesday close, with contracts down 6 ¾ to 9 cents on the day. The cmdtyView national average Cash Bean price was down 7 3/4 cents at $10.58 1/4. Soymeal futures were up 70 cents to $2.30 …
Read more →Buildings collapse as quakes rock Venezuela, 'high casualties' likely
Strong earthquakes struck west of Venezuela's capital on Wednesday afternoon, bringing down buildings in Caracas and causing scientists to estimate "high casualties and extensive damage" to the South American country.
Read more →Inside India newsletter: Meet the humans teaching robots to perform routine tasks, as India finds a way to enter the AI race
Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.
Read more →Cotton Faces Losses on the Wednesday Session
Cotton futures posted midweek losses of 187 to 247 points across the front months on Wednesday. Crude oil was down another $3.34/bbl to $69.87. The US dollar index was another $0.147 higher at $101.320.
Read more →Corn Slip Lower Late on Wednesday
Corn futures posted losses of 1 to 2 ¾ cents in the front months, with deferred contracts steady to ¾ cent higher. The CmdtyView national average Cash Corn price was down 1 3/4 cents at $3.78 1/4.
Read more →Hogs Holding Mixed on Wednesday
Lean hog futures closed Wednesday with mixed trade, with front months down 30 to 52 cents and deferred contracts 10 to 40 cents higher. USDA’s national base hog price was reported at $95.56 on Wednesday afternoon, down …
Read more →Cattle Rally on Wednesday
Live cattle future rallied on Wednesday, with contracts up $1.07 to $2.95 across the board. This morning’s Central Stockyards Fed Cattle Exchange online auction saw 519 head sold of the 2,652 head offered, at $186 live …
Read more →Stocks Rally as Falling Crude Prices Knock Bond Yields Lower
The S&P 500 Index ($SPX) (SPY) today is up +0.72%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.82%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.50%. September E-mini S&P futures (ESU26) are up +0.56%, an…
Read more →Delayed Brazil Harvest and Tight Inventories Underpin Coffee Prices
September arabica coffee (KCU26) on Wednesday closed up +1.24 (+0.45%), and July ICE robusta coffee (RMN26) closed up +127 (+3.55%).
Read more →South Korea’s IPO bust clouds equity markets as Chaebol structure restrains listings
South Korea's equity IPO activity has plummeted this year as efforts to boost corporate valuations run into trouble around governance reforms and the high amount Chaebols, or family-run conglomerates.
Read more →Stocks Settle Mixed as Tech Weakness Weighs on the Broader Market
The S&P 500 Index ($SPX) (SPY) closed down -0.10%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.43%. September E-mini S&P futures (ESU26) fell -0…
Read more →Cocoa Prices Sharply Higher on Excessive Ivory Coast Rain
September ICE NY cocoa (CCU26) on Wednesday closed up +328 (+7.06%), and July ICE London cocoa #7 (CAN26) closed up +246 (+7.05%).
Read more →Wheat Bouncing Higher on Wednesday
The wheat complex is trading with most contracts higher on Wednesday. Chicago SRW contracts are 7 to 8 cents. KC HRW futures are showing 5 to 6 ½ cent gains so far on Wednesday. MPLS spring wheat is mixed, with contract…
Read more →Cocoa Prices Soar on Global Supply Concerns
September ICE NY cocoa (CCU26) today is up +337 (+7.26%), and July ICE London cocoa #7 (CAN26) is up +239 (+6.85%).
Read more →Micron stock jumps 15% as soaring prices from memory crunch lead to quadrupling of revenue
Micron's revenue more than quadrupled in the fiscal third quarter, the company said on Wednesday, as the memory maker continued to benefit from soaring demand tied to the artificial intelligence boom. The stock rose 15%…
Read more →Cotton Falling Lower on Wednesday
Cotton futures are trading with contracts down 46 to 55 points at the midday portion of the Wednesday session. Crude oil is rallying $1.44/barrel, with the US dollar index down $0.081 to $98.630.
Read more →Western Midstream (WES) Declines More Than Market: Some Information for Investors
In the latest trading session, Western Midstream (WES) closed at $39.63, marking a -1.05% move from the previous day. This change lagged the S&P 500's daily loss of 0.29%. On the other hand, the Dow registered a loss of…
Read more →AngloGold Ashanti (AU) Declines More Than Market: Some Information for Investors
AngloGold Ashanti (AU) ended the recent trading session at $47.46, demonstrating a -1.06% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.4%. Elsewhere, the Dow lost 0.98%, …
Read more →Trump meets defense CEOs as Iran operations strain U.S. missile stockpiles
The CEOs of Boeing, Lockheed Martin and Honeywell arrived at the White House on Wednesday for a meeting with President Donald Trump, as the administration presses major defense contractors to ramp up weapons production …
Read more →White House requests $87.6 billion supplemental spending for Iran war, farm aid
The White House on Wednesday asked Congress for $87.6 billion in supplemental spending to pay for the Iran war and a host of other things including aid to U.S. farmers, and Ebola response.
Read more →JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
JPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the industry remained well capitalized under its annual stress test.
Read more →Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The biggest U.S. banks would be able to absorb more than $708 billion in losses in a severe global recession while continuing to lend to households and businesses, according to the Federal Reserve's annual stress test r…
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