U.S. stock indexes showed a mixed open on Friday as investors weighed the inflationary impact of rising Middle East tensions against the highly anticipated Nasdaq listing of chipmaker SK Hynix.
Shares of WD-40 Company soared after the company reported fiscal third-quarter earnings and revenue that significantly surpassed analyst expectations, prompting it to raise its full-year guidance.
Bank of America's Michael Hartnett says investors will likely continue buying risk assets rather than retreating, as long as key support levels for the Magnificent Seven ETF and the AUD/JPY currency pair hold.
Goldman Sachs has appointed Drummond Rice from Blackstone to lead its equity capital markets coverage for financial institutions in the Americas, a move set to take place after the Jersey Mike's IPO.
The Taiwanese chip-testing company announced a major investment to expand its manufacturing presence in the United States, joining a growing trend of semiconductor firms onshoring production.
Taiwanese chip-testing firm King Yuan Electronics, a key supplier for Nvidia, has announced plans for a new U.S. facility with an investment of up to $1.4 billion, joining a growing trend of tech manufacturing onshoring.
The South Korean memory giant's U.S. debut culminates a decade-long strategy focused on high-bandwidth memory (HBM) chips, now essential for AI accelerators, though concerns about market cyclicality persist.
Meta Platforms is seeing its stock rise not on new AI models, but on a report revealing the company is building its AI compute capacity at nearly half the cost previously estimated by Wall Street, according to analysis from BofA Securities.
Fast-fashion giant Shein has received approval from the China Securities Regulatory Commission for its planned initial public offering in Hong Kong. The decision clears a significant hurdle for the company's long-awaited listing after previous attempts in other financial centers were unsuccessful.
