Global Finance News

US Stocks Fall as AI Debt Concerns Hit Chips; Micron Plunges 13%

① Popular Chinese concept stocks generally declined, with the Nasdaq Golden Dragon China Index closing down 0.55%. ② The memory chip sector fell sharply, with Micron Technology plunging 13% and SanDisk dropping 13%. ③ Meta launched a new series of smart glasses priced at $299. June 24 — US Eastern Time Tuesday, the three major

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US Senate Passes Resolution to Limit Trump’s War Powers on Iran; SpaceX Prices $25 Billion Bond in Five Tranches

①The US Senate passed a resolution aimed at limiting Trump’s war powers regarding Iran; ②Trump stated that IAEA inspectors will visit Iran at an appropriate time; ③The Trump administration will provide $17.5 billion in loans to promote the construction of large nuclear power plants in the United States. Overnight Stock Market The global selloff in

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Goldman Sachs Warns Fed Rate Hike in July Has 50% Probability

①Lindsay Rosner, head of multi-sector investing in Goldman Sachs Asset and Wealth Management, warned that there is a “relatively high possibility” of a Federal Reserve rate hike in July, with a probability of 50%. ②In a latest interview, she noted that upcoming inflation data, particularly the personal consumption expenditures report, is a key factor that

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Trump Promotes Protectionist Trade Agenda in Pennsylvania Ahead of Midterms

U.S. President Donald Trump campaigned in Pennsylvania on Tuesday to promote his protectionist trade agenda, building momentum ahead of the November midterm elections and seeking to bolster voter confidence in the U.S. economic outlook. Trump declared that the U.S. economy is ready to soar to unprecedented new heights, and vigorously promoted tariffs imposed by his

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US-Iran Talks Face Uncertainty Over Verification Rights, Frozen Funds, Hormuz Strait Control

① Over the past few days, the United States and Iran have shown divergence in their positions on key issues including verification authority, the use of frozen funds, and control over the Strait of Hormuz. ② This has intensified market doubts about the prospects for US-Iran negotiations and cast a shadow over the roadmap that

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South Korean Stocks Rebound Sharply After Near 10% Plunge; Samsung Electronics Surges on Buyback Plan

On Wednesday (June 24), South Korean stocks rebounded sharply after a nearly 10% plunge the previous day, with the benchmark Kospi rising as much as 4.2% at one point. Many industry insiders believe Tuesday’s sell-off was driven by technical factors, and investors are now refocusing on chipmakers’ earnings. June 24 News: On Wednesday (June 24),

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BofA: AI to Drive Semiconductor Sales to Next $1 Trillion in Five Years

① BofA analysts expect artificial intelligence to drive semiconductor sales to the next $1 trillion within five years, whereas the chip industry took about 50 years to achieve its first $1 trillion in sales. ② The report identifies five key factors that will drive semiconductor sales growth. June 24 — Just as the market begins

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Governments Plan to Boost Oil Reserves Amid Hormuz Crisis, Potentially Supporting Prices

① Governments are planning to enhance oil reserve capacity due to the Hormuz Strait crisis, which may support oil prices in the short to medium term. ② Energy-importing countries in the Asia-Pacific region, such as India and Australia, are seeking to build new reserve capacity to improve energy security. ③ The total demand to fill

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IMO Launches Evacuation Plan for Stranded Seafarers in Strait of Hormuz

On June 23 local time, the International Maritime Organization announced the launch of an evacuation plan for stranded seafarers in the Strait of Hormuz region. IMO Secretary-General Dominguez stated, “This large-scale operation will be carried out in close cooperation with Iran, Oman, all other coastal states in the region, the United States, and the maritime

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