economy

President Trump Promises Swift U.S. Aid to Earthquake-Hit Venezuela Following Devastating Tremors

06/24/2026, 10:36 PM economy announcement

The U.S. government has pledged to provide immediate assistance to Venezuela following devastating earthquakes that have resulted in significant casualties and damage, highlighting a potential shift in diplomatic relations between the two nations.

Iran’s IRGC Warns Against Unauthorized Shipping Routes in Strait of Hormuz

06/24/2026, 08:35 PM economy announcement energy

Iran's Islamic Revolutionary Guard Corps has issued a stern warning to shipowners regarding unauthorized transit routes through the Strait of Hormuz, emphasizing Tehran's control over this critical shipping lane. This situation raises concerns about the stability of oil flows and maritime trade in the region.

SK Hynix (000660) Shares Surge 11% Following Announcement of $29.4 Billion Nasdaq Listing

06/24/2026, 06:35 PM economy announcement semiconductors ai

SK Hynix's shares rose significantly after the company announced plans to raise up to $29.4 billion through a Nasdaq listing, reflecting strong investor interest and confidence in the AI chip market.

Micron Technology (MU) Achieves Record Gross Margin of 84.9%, Surpassing Nvidia and Meta

06/24/2026, 04:36 PM economy growth semiconductors Micron Meta Platforms Nvidia

Micron Technology has achieved record-high profit margins amid a memory price surge, positioning itself as a leader in the tech sector and benefiting from increased demand driven by artificial intelligence applications.

Anthropic Accuses Alibaba of Illicitly Extracting AI Capabilities in Distillation Attack

06/24/2026, 02:36 PM economy announcement Alibaba

Anthropic has accused Alibaba of attempting to illicitly extract its AI capabilities through a large-scale distillation attack, raising concerns about cybersecurity and competition in the AI sector.

Micron Technology (MU) Reports Quadrupled Revenue Driven by AI Demand, Stock Rises 10%

06/24/2026, 01:36 PM economy growth ai semiconductors Micron

Micron's revenue surged over fourfold in the fiscal third quarter, driven by heightened demand from the artificial intelligence sector, leading to a significant stock price increase and a positive outlook for future earnings.

Qualcomm Unveils AI Data Center CPU Dragonfly C1000, Partners with Meta as Initial Customer

06/24/2026, 12:36 PM economy announcement ai software Meta Platforms Qualcomm

Qualcomm's introduction of the Dragonfly C1000 CPU for data centers, set to be utilized by Meta in 2028, marks a strategic shift for the company as it aims to penetrate the rapidly growing data center market, traditionally dominated by other chipmakers.

Bitcoin Drops Below $60,000, Reaching Lowest Level Since October 2024 Amid Ongoing Bear Market

06/24/2026, 12:36 PM economy stock_drop finance

Bitcoin's recent decline below $60,000 highlights ongoing challenges in the cryptocurrency market, driven by macroeconomic pressures and a shift in investor focus towards technology stocks and AI.

Analysts Citi raised Linde (LIN) target price to $600 on positive outlook for volume growth

06/24/2026, 12:36 PM economy rating_growth Analysts: analysts, Citi industrials Linde

The S&P 500 and Nasdaq are struggling to recover from recent losses, despite falling oil prices easing inflation concerns, which has positively impacted certain sectors like travel and housing. Linde's stock is highlighted as a strong performer, driven by positive analyst sentiment and strategic positioning in the helium market.

Nvidia CEO Jensen Huang Emphasizes National Security Over Commercial Opportunities Amid Concerns of Smuggled Data Centers

06/24/2026, 11:36 AM economy announcement ai software Nvidia

Nvidia's CEO Jensen Huang emphasized the company's commitment to U.S. national security over commercial interests, particularly regarding the export of AI technology to countries like China. This stance reflects growing regulatory scrutiny and could impact Nvidia's revenue from international markets.