The companies are urging Congress to remove a measure from a bill that would restrict defense contractors from issuing dividends or buying back their stock. More than 40 business and industry groups have written a letter to the Senate urging action on Section 815 of the National Defense Authorization Act, a provision that would effectively
Memory chip giant SK Hynix plunged further in South Korea on Monday, just one trading day after its successful debut on the Nasdaq. Shares listed on the Korea Stock Exchange closed down 15.4% (the steepest drop in the stock’s history) as investors locked in profits after a months-long rally and the company’s closely watched ADR
Goldman Sachs says one of the market’s hottest trades is entering a new phase and investors may not be ready to take advantage of it. In a note, Goldman analyst Guillaume Jaisson examined the HALO trade, a term coined by Ritholtz Wealth Management CEO Josh Brown, which is short for “asset heavy, low obsolescence” and
The stock market’s performance in the second quarter was historic on many levels. Major US indices posted their best returns since 2020. Semiconductors had their best quarter ever. But beneath the surface of the seemingly robust AI trade lurks a worrying divergence, a divergence that still has Wall Street strategists on edge. As chipmakers have
Samsung Electronics on Tuesday announced another successful quarter, forecasting a third consecutive record operating profit, as demand for artificial intelligence chips continued to drive growing memory sales. But investors were not impressed. Following the forecast, Samsung shares fell as much as 10% before closing down 7%. The heavyweight stock dragged the Kospi to a loss
South Korea’s breakneck stock market rally has been rocked by wild swings in recent weeks, but Goldman Sachs says the recent turmoil has not changed its bullish outlook. South Korea was Asia’s best-performing stock market in the first half of 2026, with the benchmark Kospi index nearly doubling. But that rally has come under pressure
