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Reform UK Sweeps Local Elections, Labour Loses 1,400 Seats
Reform UK secures 1,450 council seats in UK local elections, while Labour suffers major losses, triggering leadership questions for Keir Starmer.
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South Korean Stocks Hit Record High on AI Chip Rally
Kospi index surges past 7,800 as Samsung and SK Hynix lead tech charge, driven by AI optimism and export growth.
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UK Gilt Yields Spike as Labour Loses Local Elections, Starmer Under Fire
UK 30-year gilt yields hit a 28-year high after Labour loses council seats to Reform UK, raising questions about Starmer's future.
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JPMorgan Sets KOSPI Bull Target at 10,000 on AI Memory Chip Boom
JPMorgan raises KOSPI bull-case to 10,000, citing an AI-driven memory chip supercycle led by Samsung and SK Hynix.
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Jon Gray's $26 Billion Hilton Bet: How Blackstone's President Survived a Career-Shortening Deal
Blackstone president Jon Gray reveals his $26 billion Hilton bet was a 'career-shortening' risk, not a calm, calculated move.
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China's Inflation Surges: PPI Hits 2.8%, CPI Rises 1.2%
China's April PPI rose 2.8% year-on-year, beating expectations, ending a 41-month deflation streak. CPI climbed 1.2%.
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Europe's Oil Majors Pocket $4.7B From Iran War Volatility Trading
Shell, BP, TotalEnergies, and Eni made billions by trading oil price swings during the Iran crisis, using derivatives and hedges.
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S&P 500 Soars 142% With AI, Stalls at 16% Without It
AI stocks now make up 45% of the S&P 500, driving a massive rally while the rest of the market barely moves.