SK Hynix is now trading at a 50% premium in the US and the stock is up 24% today.
SK Hynix is a key supplier of HBM chips for Nvidia's GPUs and markets are betting on easing of chip restrictions and shipments to China.
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Lucid Lost 58%... Then Surged 93% In Minutes
Lucid ($LCID) had a wild trading session after reports claimed the company was working with restructuring advisers and considering bankruptcy or going private.
The stock collapsed 58% within minutes, then rebounded 93% from the lows.
The company neither confirmed nor denied the reports, leaving only speculation.
Such moves create opportunities but raise serious questions.
If the rumor was false, regulators will likely examine whether the market was manipulated. If true, they'll investigate whether anyone traded on material non-public information before it became public.
Either way, millions of dollars changed hands in minutes, and today's trading activity will almost certainly attract regulatory attention.
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🇺🇸 US House passes bill to make daylight saving time permanent, ending twice-yearly clock changes.
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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
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🇺🇸 JPMorgan, Goldman Sachs, BlackRock, Vanguard, and NYSE to participate in trial tokenizing US stocks and Treasuries.
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Financial World Updates
Core PPI Inflation dropped to 4.7%, under the anticipated 5.2%.
Month-over-month PPI inflation declined by 0.3%, marking the largest drop since April 2025.
The chances of rate hikes are decreasing further.
💪 @FinancialWorldUpdates
Month-over-month PPI inflation declined by 0.3%, marking the largest drop since April 2025.
The chances of rate hikes are decreasing further.
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Media is too big
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🇮🇶 President Trump says the U.S. will strike “a lot of deals” with Iraq and that American companies will expand oil production in the country.
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Warren Buffett cuts off donations to the Gates Foundation following revelations about Bill Gates' interactions with Jeffrey Epstein.
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JPMorgan tokenizes the Invesco QQQ Trust, converting the ETF into a real-world asset token.
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Japanese retail traders have built the largest U.S. dollar short position since the Global Financial Crisis.
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🇺🇸 Foreign Investors raised U.S. Treasury holdings to $9.37 trillion, the second-largest total in history.
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🇨🇳 China’s economy slowed in the second quarter of this year, expanding at a 4.3% annualized pace.
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🇺🇸 U.S. debt now exceeds 100% of GDP for the first time since World War II.
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PayPal shares jumped almost 12% following reports that Stripe and Advent International have made an offer to acquire the company for more than $53 billion.
Reuters states the buyers proposed $60.50 per share, which is roughly 28% higher than the last closing price, though PayPal has not yet responded.
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Over $600 billion has been lost from Asian stocks as semiconductor and tech shares fell sharply.
This drop followed a sell-off in U.S. memory stocks and an interest rate hike in Korea.
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U.S. lawmakers are urging the Trump administration to ban Chinese memory chips.
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