Circle shares surged in premarket trading on Friday after the stablecoin issuer announced it had received final regulatory approval from the US OCC to establish a national trust bank. At the time of writing, Circle shares were up 13.33% in premarket trading. The regulatory approval allows the company to act as custodian for its own
London’s FTSE 100 edged higher on Friday, supported by strong gains in Vodafone and easyJet following major corporate developments. However, renewed tensions in the Middle East continued to weigh on investor sentiment, limiting broader market gains. The blue-chip FTSE 100 index rose 0.08% to 10,480.31 points by 1053 GMT. Meanwhile, the mid-cap FTSE 250 gained
SK Hynix’s blockbuster US listing is already spawning a new wave of leveraged investment products, with several exchange-traded fund issuers preparing to launch products tied to the South Korean memory-chip maker’s American depositary receipts (ADRs), a move that analysts say could increase volatility in one of the world’s hottest AI stocks. According to a Bloomberg
Netflix Inc. shares NFLX edged higher ahead of Friday’s opening bell after a report said the streaming giant is exploring live TV channels and streaming bundles as it looks to boost subscriber engagement. The stock rose in premarket trading after initially moving lower on the news. Netflix has lost more than 39% over the past
Shares of Micron MU, SanDisk and other semiconductor companies edged lower during premarket trading on Friday ahead of the much-awaited Wall Street debut of SK Hynix through its American depositary receipts (ADRs). The South Korean memory chipmaker and Nvidia supplier has raised $26.5 billion through its US share offering, making it the largest-ever US listing
Wall Street opened in green on Friday as investors awaited the Nasdaq debut of South Korean memory chipmaker SK Hynix while continuing to monitor renewed tensions in the Middle East and their potential impact on inflation and interest rates. The Dow Jones Industrial Average rose about 70 points, or 0.14%, while the S&P 500 was
Illinois Tool Works (NYSE: ITW) stock has pulled back in the past few days as investors position themselves for the upcoming earnings report that will provide more color on its business. While growth expectations are low, the stock has formed the rare inverted head-and-shoulders pattern, pointing to a rebound. Illinois Tool Works is a dividend
NY-headquartered Citigroup has been the perennial laggard of Wall Street for years, burdened by the legacy of the global financial crisis and an unmanageable corporate structure. However, the narrative has flipped, with a renowned wealth manager, Josh Brown, recently calling Citi “one of the top bank stocks” to own – driven by a profound operational
China has unveiled a new carbon-peaking action plan that targets new energy vehicles (NEVs) accounting for 30% of the country’s total vehicle fleet by 2030, marking a significant step in the electrification of the world’s largest automobile market. The State Council on Thursday released the “15th Five-Year Plan” Carbon Peaking Action Plan, outlining the country’s
We’ve just waved goodbye to the first half of 2026, and now investors are girding their loins for the second quarter earnings season. This begins next week when a large chunk of the giant US financial institutions report. This includes the world’s largest bank by market capitalisation, JP Morgan Chase, its biggest rival, Bank of