SanDisk Surges on BofA Price Target Hike to $2,500
SanDisk shares jumped 5-6% Tuesday after Bank of America raised its price target to $2,500, citing expected NAND market supply constraints through 2027 despite geopolitical risks.
economy
Economy & Finance
Markets await clarity on Fed policy as Kevin Warsh heads to Jackson Hole amid pressure from Treasury Secretary Bessent's market interventions and uncertainty over inflation stance.
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Volkswagen plans to axe multiple EV models as CEO cuts 50,000 jobs amid cost crisis
Volkswagen CEO announces 50,000 additional job cuts and plans to discontinue multiple EV models including Audi and Porsche variants amid cost pressures and labor union resistance to revival plans.
Nifty Holds 24,000 as Geopolitical Tensions, Rising Oil Weigh on Markets
India's Nifty 50 index closed 158 points lower at 24,052 on July 15 amid profit-taking and geopolitical tensions, though analysts remain cautiously optimistic as long as support holds above 23,950.
JPMorgan posts record profit as Dimon signals peak market conditions
JPMorgan Chase reported its highest quarterly profit ever, driven by $6 billion in stock trading gains and robust dealmaking, with CEO Jamie Dimon cautioning that market conditions are "close to as good as it gets."
De Beers halts flagship South African mine for two years amid diamond demand collapse
De Beers is halting production at South Africa's largest diamond mine for two years due to plummeting demand and competition from lab-grown gems, affecting 4,000+ workers.
China's car exports hit 1m monthly record as trade surplus threatens new US-EU tariffs
China exported over 1m cars in June for the first time, with overall trade surging 27% and threatening to match a $1tn annual surplus. The boom in Chinese EVs and chips risks escalating tariff disputes with the US and EU.
Wall Street Banks Eye $39B Trading Windfall Amid Record Earnings
Major Wall Street banks are projected to earn nearly $39 billion from trading activities as dealmaking and investment banking surge, with firms like Goldman Sachs and JPMorgan posting record earnings despite underlying economic risks.
UK's strict alcohol-free beer rules threaten industry growth, trade body warns
UK brewers and pubs are calling for the legal definition of alcohol-free beer to be relaxed from 0.05% to 0.5% ABV to capitalize on surging demand, with 64m pints forecast for summer 2026.
DBS hits $200B milestone as Singapore leads AI readiness amid ASEAN job shifts
DBS becomes first SGX-listed company to exceed $200B market cap amid banking sector rally. Meanwhile, 80M ASEAN workers face AI-driven job reshaping, with Singapore leading regional AI readiness despite highest exposure.
Middle-Class Squeeze Threatens Southeast Asia's Energy Transition
Rising fuel prices in Indonesia are squeezing the middle class, potentially undermining public support for energy reforms needed for the region's transition to cleaner systems.
Markets tumble as Middle East tensions spike oil prices, chip stocks lead selloff
Stock futures declined as Middle East tensions escalated, driving oil prices higher and triggering selloffs in chip stocks and AI equities. Traders await earnings reports and inflation data.
Samsung's A27 vs A37 pricing trap: which mid-ranger actually wins in 2026
Samsung's Galaxy A27 and A37 share similar pricing but deliver different experiences. The A37 offers better brightness, faster charging, and durability, while the A27 retains microSD support and competitive performance.
Why pregnant women stay anaemic despite eating well: absorption, not diet alone
Despite eating well, 40% of pregnant Kenyan women develop anaemia due to poor iron absorption, food myths, and inconsistent supplement use. Experts reveal that plant-based diets, tea consumption, and cultural practices significantly reduce the body's ability to absorb iron.
Foreo Expands Beyond Cleansers With LED Devices and Wellness Supplements
Swedish beauty tech company Foreo launches tiered LED devices and wellness supplements, expanding from electronic cleansers into a comprehensive beauty-wellness ecosystem across multiple price points and retail channels.
Multimillion-dollar T. rex auction sparks scientific outcry over fossil access
Scientists warn that wealthy collectors purchasing rare dinosaur fossils at auction houses like Sotheby's are pricing out museums and removing specimens from research. A nearly complete T. rex skeleton nicknamed 'Gus' is set to sell for $20-30 million, exemplifying concerns about fossil commodification.
Foreo Launches Tiered LED Devices and Enters Supplements Market
Swedish beauty tech brand Foreo launches affordable and luxury LED devices plus its first wellness supplement line, targeting consumers across price points and retail channels.
Indonesia Targets 15% Tax Ratio With Coretax Overhaul Amid Implementation Friction
Indonesia aims to raise its 10.1% tax-to-GDP ratio toward 15% by 2027 through Coretax system implementation and informal sector formalization, though technical issues plague rollout.
Las acciones de SK Hynix caen casi 5% en Corea tras desplome en Wall Street
Las acciones de SK Hynix cayeron casi 5% en Seúl tras una caída del 9,3% en Wall Street, reflejando una venta generalizada de valores de inteligencia artificial y creciente volatilidad en los mercados de chips.
China's exports surge 27% on AI demand and US tariff rush
China's June exports jumped 27% year-over-year, beating forecasts, driven by AI semiconductor demand and manufacturers front-loading shipments to the US ahead of potential tariffs. Imports also surged 36%, signaling strong global demand despite broader economic headwinds.
Arthdal Chronicles Launches 'NEW WORLD' Server With Play-First Monetization Model
Netmarble launched a new 'NEW WORLD' server for MMORPG Arthdal Chronicles, eliminating pay-to-win mechanics and introducing systems that reward gameplay over spending, including guaranteed fusion success rates and cross-server matchmaking.
Chip Stocks Plunge as AI Rally Questioned; Oil Surges on Iran Tensions
Asian chipmakers plunged on concerns the AI-driven equity rally overextended, while oil jumped 2.8% after US-Iran tensions escalated, reigniting inflation worries and Fed rate hike expectations.
HMD reportedly cancels Fusion 2 modular smartphone due to costs
HMD may have canceled the Fusion 2 modular smartphone due to high manufacturing costs and poor market adoption, leaving the original Fusion as its sole modular offering.
Transnet deploys security surge to protect rail corridor amid theft crisis
South Africa's Transnet is deploying over 1,000 guards, drones, and K9 units to combat daily theft and vandalism across its central rail corridor, critical for regional trade and private sector rail reform.
Crypto slides on Fed rate hike bets ahead of inflation data and Warsh testimony
Bitcoin, Ethereum, and XRP have dropped 2%+ as traders increase bets on a July Fed rate hike to 50%, driven by hawkish Fed comments and rising oil prices from U.S.-Iran tensions.