Trending in Finance
SpaceX Shatters Records With $75 Billion IPO and $2 Trillion Valuation
Speculators Bet Against Yen at Nine-Year High Ahead of BOJ Rate Hike
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Fed Chair Kevin Warsh Faces Inflation Surge and Political Pressure in First FOMC Test
All Finance Stories
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SK Hynix Drops Out of $1 Trillion Club After 10 Days
South Korean chipmaker SK Hynix's market cap falls to $943B after a sharp selloff, ending its brief stint among trillion-dollar firms.
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eToro Reports Record Retail Buying in Semiconductors, Fueled by AI Chip Rally
eToro data reveals retail investors hit record buy volumes in chip stocks. Nvidia and Micron surge.
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Canada Adds 87,800 Jobs in May, Unemployment Falls to 6.6%
Canada's labor market surged in May 2026 with 87,800 new jobs. Unemployment dropped to 6.6% from 6.9%. Rate cut expectations are fading.
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Fitch Upgrades South Africa’s Credit Rating for the First Time in 21 Years
Fitch Ratings raises South Africa's rating to 'BB' from 'BB-', citing fiscal consolidation and credible monetary policy.
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Over $1 Trillion Wiped From US Stock Market in Two Hours as Chip Stocks Crater
A massive selloff erased over $1 trillion in market value, led by a 10.3% plunge in the PHLX Semiconductor Index.
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China's Capital Controls Slam Hong Kong Financial Giants
AIA, HSBC, and Standard Chartered shares fall as China tightens cross-border investment rules, fearing record outflows.
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India Scraps Taxes on Foreign Bond Investments to Stabilize the Rupee
India exempts foreign investors from capital gains and withholding tax on government bonds, aiming to boost capital inflows and shore up the weakening rupee.
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Wall Street Tumbles as Chip Stocks Slump, Jobs Data Sparks Fed Rate Hike Fears
U.S. markets saw steep declines after May's jobs report blew past expectations, increasing the likelihood of a Federal Reserve rate hike. The Nasdaq fell 4.18% and chip stocks lost over $1 trillion.