Morgan Stanley's chief stock-market strategist expects semiconductor stocks could drop as much as 15% from current levels.
TL;DRAnalyst sees chip stocks falling further, not rebounding
Jio Platforms, backed by Meta and Google, rose sharply on its first day of trading after a record IPO.
TL;DRShares rise over 21% on first day of trading
At Mar-a-Lago, Trump joked that $5,000 payments would cover little more than a hamburger, as living costs weigh on midterm voters.
TL;DRTrump's joke highlights cost-of-living concerns before midterms.
Philippine President Ferdinand Marcos said authorities will take all available steps to defend the currency.
TL;DRGovernment pledges measures to support the peso
Fortescue's top executives said the miner will not rush into a deal with a Chinese state-backed buyer.
TL;DRFortescue will not rush China iron ore talks
Chance of Yes, Polymarket · 24h change.
Bitcoin approached $81,000 ahead of a Fed decision, while ZEC climbed 8%.
TL;DRCrypto rises before Fed decision; tech stocks also climbing.
TL;DRNo clear majority for either bloc
Worries about artificial intelligence are drawing attention to speculative capital flows that are weighing on the dollar.
TL;DRSpeculative flows are the dollar's exposed weak spot
Most Asian currencies were mixed as the dollar stayed near a two-week high, while the kiwi slid following the RBNZ decision.
TL;DRKiwi weakens after central bank keeps rates steady
Chance of Yes, Polymarket · 24h change.
TL;DRBoth nations commit to faster joint defense work
Interbrand's report puts entertainment at $332B, ahead of other sectors despite Hollywood layoffs.
TL;DRStreaming and music platforms drive sector's valuation growth.
RBA Governor Michele Bullock said inflation remains elevated, and policymakers are set to discuss further interest rate increases.
TL;DRInflation is still high; more hikes on the table
TL;DRRobinhood wants lasting US rules before tokenized stocks scale.
Chance of Yes, Polymarket · 24h change.
Academy leaders said the awards will always recognize human excellence as AI spreads through filmmaking, and they left room to adjust international feature rules.
TL;DRAcademy keeps human craft central, open to rule changes
Chinese state media warned Mbappé that his apology over a viral meme was not enough.
TL;DRSponsors and state media target Mbappé over meme
TL;DRBithumb's breach traced to an outside cyberattack.
TL;DRPentagon reports $47.1 billion cost so far.
Chance of Yes, Kalshi · 24h change.
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