Tag: Breaking News: Markets
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U.S. Treasury will oversee frozen Iranian funds when they’re released, Bessent says
Treasury Secretary Scott Bessent said once Iranian frozen assets are released, they will be overseen by Treasury and routed largely to U.S. agriculture, medicines.
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Trump claims Iran has assured U.S. there won’t be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
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Stocks making the biggest moves premarket: Cerebras, Micron, FedEx, Wendy’s & more
These are the stocks posting the largest moves premarket.
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South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
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Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times.
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Defense giant KNDS plans IPO in Paris and Frankfurt
KNDS plans to list shares in Paris and Frankfurt, with current shareholders expected to sell up to 20% of existing share capital.
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Asian tech stocks rebound after global rout; Samsung up 9%
Asia’s technology stocks rebounded on Wednesday after global equities posted steep losses in the previous session.
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Why FedEx is down after a strong quarter — and its impact on our stock rating
We knew this report would be transitional, even messy, given the separation of FedEx Freight.
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MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI’s Developed Markets watchlist.
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The biggest wealth transfer in history is here: how the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs around the world who are set to inherit billions are preparing to use the money very differently from the generations that built it.
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