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Despite record second-quarter profits fuelled by AI demand, SK hynix shares plunged as investors questioned whether the boom can last amid Middle East tensions.
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The AI boom depends on costly infrastructure. If future profits fail to justify today's spending, the costs may extend far beyond Silicon Valley.
The London-based bank reported a second-quarter net profit of $1.71 billion, beating expectations, and announced a $1.0 billion share buyback.
The Swiss banking group said its stock-repurchase program would end by the second quarter of 2027 at the latest and that it plans buybacks of at least $1 billion over the next three months.
Kalshi has lost its latest attempt to stop New York regulators from enforcing state gaming laws while the company appeals… Continue reading Judge rejects Kalshi emergency appeal bid over New York…
The country’s need for crude is much more flexible than the market thought.
