economy

ON Semiconductor (ON) Shares Plunge 20% Following Acquisition of Synaptics

06/26/2026, 09:37 AM economy stock_drop semiconductors ai Synaptics

ON Semiconductor's shares fell 20% following the announcement of its acquisition of Synaptics, which aims to enhance its capabilities in physical artificial intelligence. CEO Hassane El-Khoury emphasized the strategic value of the deal and the strength of the company's core business despite the market reaction.

Billionaire Investor Jeremy Grantham Predicts Bitcoin Will Gradually Fade into Irrelevance

06/26/2026, 07:37 AM economy research

Jeremy Grantham, co-founder of GMO, predicts that bitcoin will gradually lose relevance over the coming decades, labeling it a speculative asset without intrinsic value. His comments highlight ongoing skepticism about bitcoin's utility and stability as an investment.

JPMorgan Chase Promotes Doug Petno and Troy Rohrbaugh to Co-Presidents Amid CEO Succession Planning

06/26/2026, 05:38 AM economy appointment Micron JPMorgan Chase Microsoft Apple

Recent market movements highlight the impact of rising memory costs on major tech companies and the implications of Supreme Court rulings on Bayer and immigration policies, which could influence investor sentiment and sector performance.

AI Companies OpenAI and Anthropic Face Spending Scrutiny as Businesses Shift Focus to Cost Efficiency

06/26/2026, 05:38 AM economy review ai Amazon Microsoft Google

AI companies like OpenAI and Anthropic are facing a shift in spending habits as businesses seek to control costs, leading to a potential slowdown in their rapid growth and upcoming IPOs.

SpaceX Experiences Significant Stock Volatility Following Record-Breaking IPO

06/26/2026, 04:37 AM economy review SpaceX

SpaceX's stock has experienced significant volatility since its IPO, initially soaring over 60% before facing sharp declines, highlighting the impact of speculative trading driven by retail investors and high expectations for future growth.

Shipping Traffic Recovers in Strait of Hormuz Following U.S.-Iran Deal, but Risks Remain

06/26/2026, 03:36 AM economy review energy

The recent recovery in shipping traffic through the Strait of Hormuz following a U.S.-Iran deal is now threatened by renewed attacks, creating uncertainty for oil transport and impacting global energy markets.

Micron Technology (MU) shares decline nearly 5% in premarket trading amid broader semiconductor sell-off

06/26/2026, 03:36 AM economy stock_drop semiconductors Micron

Micron Technology's shares fell nearly 5% in premarket trading despite reporting strong earnings, reflecting broader concerns in the semiconductor sector related to rising AI infrastructure costs.

Analysts HSBC expect SK Hynix (000660) shares to rise 20% following U.S. listing announcement

06/26/2026, 12:35 AM economy forecast Analysts: analysts, HSBC semiconductors ai

SK Hynix's upcoming Nasdaq listing could significantly enhance its stock value, with HSBC projecting a 20% increase due to improved access to U.S. investors and a more favorable valuation compared to Micron Technology.

UN Agency Halts Ship Evacuation Plan Following Attack on Vessel in Gulf of Oman

06/25/2026, 07:35 PM economy announcement

The International Maritime Organization has halted its evacuation efforts for ships in the Gulf of Oman following an attack on a vessel, which raises concerns about maritime safety and the stability of shipping routes in the region.

SoftBank Group (9984.T) Shares Plunge Over 12% Amid Broader Asian Tech Selloff

06/25/2026, 06:35 PM economy stock_drop tech ai Meta Platforms Microsoft Alphabet Qualcomm Apple

SoftBank Group's stock dropped over 12%, reflecting broader concerns in the Asian tech sector regarding rising artificial intelligence infrastructure costs and pressures from the U.S. market.