Market news
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Deutsche Bank: Tech-Led Rebound Powers S&P 500 to Snap Losing Streak
Deutsche Bank strategists highlight a risk-on tone in US equities, driven by a recovery in technology stocks. The Magnificent 7 outperformed, helping the S&P 500 end a five-day losing streak and approach its best quarterly performance in six years.
TSMC Aims to Fix AI’s Memory Bottleneck
TSMC is working to address the memory bottleneck in AI, shifting focus from the previously dominant concern over leading-edge logic scarcity.
Webull Moves to Acquire Pi Securities in $100 Million Thailand Deal
Webull's Thailand unit has agreed to buy Pi Securities from Country Group Holdings in a deal valuing the Thai broker at about $100 million.
Interactive Brokers Launches Korean Equity Trading Through Nextrade ATS
Interactive Brokers has added South Korean equities via Nextrade ATS, extending trading hours and liquidity alongside the Korea Exchange, with smart order routing across both venues.
Oliver Zipse to Join Vanguard's Board of Directors; André Perold to Retire
Vanguard announces election of former BMW CEO Oliver Zipse to its board of directors, effective February 2027, while André Perold retires after over 20 years of service.
US Stocks Close Higher as Tech Rebounds Ahead of July Retirement Reset
US stocks ended the quarter on a positive note, led by mega-cap technology shares which recovered from last week's underperformance, as traders looked ahead to the key July 1 retirement-contribution reset.
Ionic Digital Files for Nasdaq Listing Under Ticker IOND
Ionic Digital has filed to list its Class A common stock on Nasdaq under ticker IOND, registering the resale of up to 10.8 million shares with no primary capital raise. Prior stakeholders include Attestor Capital, Oaktree Capital Management, and Sachem Head Capital Management.
Micron Technology rebounds to close positive after steep intraday drop
Micron Technology (MU) shares recovered from a 9.6% sell-off in early trading to finish Monday's session in positive territory.
Hedge Funds Dump US Tech Stocks at Record Pace, Goldman Sachs Says
Hedge funds sold the most US information technology equities on record in the week ending June 25, according to Goldman Sachs, surpassing the August 2024 correction period. Exposure to Magnificent 7 stocks fell to 14.5%, near a three-year low.
AI Boom Woes Spotlight Economic Moats of Magnificent Seven
The Magnificent Seven now makes up 33.7% of the S&P 500. Growing concerns over AI boom durability are shifting investor focus to the long-term value of economic moats.
Equal-Weight S&P Ends at New High as Market Rotation Continues
The equal-weight S&P 500 closed at a new record high while cap-weighted indices fell, signaling continued rotation from mega-cap growth into the broader market.
Verizon Expects $700M-$800M Loss in Q2 2026, SEC Filing Shows
Verizon Communications disclosed in an SEC filing that it anticipates a loss of $700 million to $800 million for the second quarter of 2026, driven by severance and asset rationalization charges.
S&P 500 Extends Drop on Tech Bubble Fears, Fed Tightening, Middle East Tensions
The S&P 500 fell to two-week lows amid concerns over a tech bubble, the Federal Reserve's hawkish stance, and escalating conflict in the Middle East. The Philadelphia Semiconductor Index saw its worst weekly performance since April.
Dow Jones Futures Rise on Easing Middle East Tensions
US index futures advanced during European trading hours on Monday as market sentiment rebounded on signs of easing geopolitical tensions. Dow Jones futures gained 0.33% to near 52,400, while S&P 500 futures climbed 0.65%.
S&P 500 Tech-Led Correction After Chip Rout – Deutsche Bank
Deutsche Bank reports that the S&P 500 and Nasdaq fell last week amid a global tech sell-off, pushing the Magnificent 7 into correction territory. Chipmakers led the decline as the Philly Semiconductor Index slumped despite Micron's revenue release.
SK Square Shares Drop 8% on Selling Pressure
SK Square shares fell 8% amid strong selling pressure and broader market caution, with sentiment in the tech segment remaining weak.
Monex Group Tightens Executive Pay-Performance Link in Governance Overhaul
Monex Group has overhauled its officer pay system to strengthen the link between compensation and performance, increasing performance-based components and reinforcing oversight with a committee led by independent directors.
US Court Dismisses Dulles Greenway Rate Case; Trip II Weighs Appeal
A U.S. court has dismissed the federal litigation over the 2024 Dulles Greenway rate case, while Trip II is deliberating whether to appeal the ruling. Legislative reforms now allow toll applications of up to two years with defined SCC timelines.
Karoon Energy Revises 2026 Capex to $178-202M, Sees Cost Savings
Karoon Energy updated its 2026 capital expenditure guidance, projecting total spending between $178 million and $202 million, with detailed allocations for its Baúna, Who Dat, and Neon assets. The company also anticipates lower sustaining capital needs at Baúna and annual operating cost savings of $30-40 million following the FPSO transition.
Kunlunxin, Baidu's AI Chip Unit, Targets $50B Hong Kong IPO
Baidu's AI chip subsidiary Kunlunxin is targeting a $50 billion valuation in a Hong Kong IPO, with subscribers required to pledge chip acquisitions worth 3-7 times their investment.
Apple Seeks Trump Approval to Buy Chips from Blacklisted Chinese Firm CXMT
Apple is seeking approval from the Trump administration to purchase memory chips from Chinese company CXMT, which is on the US blacklist due to alleged military ties, according to the Financial Times.
US ETFs Attract Over $1 Trillion in Inflows in 2026, on Pace for Record Year
US-listed ETFs have seen over $1 trillion in inflows year-to-date in 2026, on track to surpass $2 trillion by year-end, which would be a 33% increase from 2025's record. A record number of ETF launches also continues.
Retail Investors in SpaceX IPO Underwater After Record First-Week Buying
Retail investors who bought SpaceX ($SPCX) during its IPO are now sitting on losses after a record $405 million in first-week buying.
Apple Seeks US Approval to Source Memory Chips from China's CXMT
Apple is asking the U.S. government for clearance to buy memory chips from Chinese DRAM maker CXMT, aiming to ease supply shortages and rising costs driven by AI demand. The proposal is politically sensitive as CXMT is on the Pentagon's Chinese Military Company blacklist, though no current law bans purchases.