Finance
Asian Chip Stocks Rally on July 21 as Samsung, SK Hynix and TSMC Reverse Early-July AI-Chip Selloff
South Korea's Kospi and Taiwan's Taiex jumped Tuesday, recovering ground lost in a July selloff driven by doubts over AI spending, aided by strong recent earnings from U.S. memory maker Micron.
War-Risk Insurance for Tankers in the Strait of Hormuz Jumps Again as U.S.-Iran Fighting Resumes
Marine insurers are quoting single-voyage war-risk rates as high as 10% of a ship's value after a mid-July collapse of the U.S.-Iran truce, raising the cost of moving oil through a waterway that carries roughly a fifth of the world's crude.
Nasdaq Falls About 1.5% as Chip Selloff and Netflix's Weak Guidance Weigh on U.S. Stocks
A multi-day, mutually reinforcing retreat from AI and semiconductor shares across Asia and Wall Street culminated on July 16-17, 2026, in a U.S. selloff amplified by a soft third-quarter forecast from Netflix.
Markets Swing as U.S. and Iran Trade Strikes Across the Gulf; Oil Climbs Anew, Gold Slips
Iran says it hit U.S.-linked bases in Bahrain and Kuwait after fresh American strikes on Iran; crude briefly topped $80 earlier in the week, eased, then climbed again toward $79 as the Gulf strikes landed, while gold fell for a second session and equity futures swung as investors gauged the odds of a wider war.
June Employment Report Arrives Early as Fed Chair Warsh Says Inflation Is 'Too High' and Weighs a Rate Increase
The Labor Department released its June jobs data on July 2, a day ahead of the July 4 holiday, amid an unusual debate over whether the Federal Reserve will raise rates rather than cut them.
U.S. Stock Futures Rise and Brent Falls About 2% as Trump Says No Iran Strike 'Today' and Mediators Travel to Tehran, Ahead of Wednesday Fed Decision
Early Monday, S&P 500 and Nasdaq-100 futures were up roughly 0.3% to 0.6% depending on the source and time, while Brent crude traded near $114.5. Investors were looking ahead to the Fed's Wednesday rate decision, where Bank of America is in the minority calling for a hike, and to earnings from Microsoft, Alphabet and Amazon.
Audi Plans Its First U.S. Factory, a $4 Billion Plant Near Macon, Georgia; Trump Announces It at Campaign Rally
Audi and Georgia say the plant will bring about 4,500 jobs and build up to 200,000 SUVs a year starting in the early 2030s. Trump credited his tariffs. Audi's CEO called it a long-term bet on the American market, while Volkswagen keeps talking with Washington about tariff relief.
Week Ahead: Fed Announces Rate Decision Oct. 28; Alphabet, Microsoft and Amazon Report Earnings; Q3 GDP and September PCE Data Due Oct. 29
On Oct. 23, futures put the odds of a rate hike at about 10%, so most expect the Fed to hold. That turns attention to Big Tech's spending plans and to inflation data, where forecasters expect headline PCE prices to rise 0.5% in September and third-quarter growth to come in at roughly 3.0%–3.2%.
American Express Plans to Cut About 5% of Its Workforce and Records a $336 Million Pretax Restructuring Charge, Citing AI Preparation
Executives disclosed the cuts, about 3,500 jobs by the company's count, on the Oct. 23 third-quarter earnings call, alongside higher profits and a raised full-year forecast; the shares closed down between 3.34% and 3.7% that day, depending on the data source.
Dow Falls 652.82 Points as Brent Oil Settles at $116.72, Its Highest Close Since April 29
On Friday, Oct. 23, the Dow lost 1.23%, the S&P 500 lost 0.52% and the Nasdaq lost 0.21%. Brent crude rose 3.1% and WTI rose 3.8%, after new Houthi attacks on Saudi Arabia and a New York Times report that the U.S. and Israel have plans for new strikes on Iran.
U.S. Initial Jobless Claims Fall 6,000 to 194,000, Lowest Since July; Continuing Claims Rise to 1.728 Million
Layoffs stayed near historic lows in the week ending Oct. 17, while the number of people still collecting benefits hit a six-week high. Economists disagree on whether that points to a tight labor market or a frozen one.
Philadelphia Chip Index Falls 6.72% Thursday; Kospi Erases 4% Drop to Close Up 0.3% as SK Hynix Halts Solidigm Listing Review
SK Hynix's filing cited market conditions and its share price. Four days earlier, South Korean regulators had said a U.S. listing of its Solidigm unit would fall under the country's double-listing rules.