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China’s ChangXin Memory Technologies (CXMT), a leading memory chipmaker, is set to launch an Initial Public Offering (IPO) in Shanghai, targeting a valuation of 300 billion yuan ($42.12 billion). The company aims to raise between 20 billion to 40 billion yuan and plans to list by the first quarter of 2026. CXMT, founded in 2016…
Wall Street is pouring billions into artificial intelligence companies, even though many firms do not yet have profits or clear business plans. Analysts quoted in the report warn that the market is moving too fast and may be repeating the same mistake made during the dot-com era. Investors continue to back AI stocks because of…
The family of Samsung Electronics Chairman Jay Y. Lee plans to sell part of its stake in the company following a strong rally in the share price. The sale is estimated to be worth about $1.2 billion (1.73 trillion won). According to filings, the family will sell around 17.7 million shares, equal to roughly 0.3%…
LG Electronics India’s initial public offering (IPO) stunned markets on Tuesday, as shares soared 50.4% on their debut to give the company a valuation of $13.07 billion—surpassing that of its South Korean parent. The stock opened at ₹1,710.10 and peaked at ₹1,714.90, against an issue price of ₹1,140. Investor appetite was overwhelming: the IPO raised…
JPMorgan analysts say leveraged exchange-traded funds (ETFs) significantly worsened Friday’s stock market crash, contributing approximately $26 billion in forced selling. The selloff came after threats of new U.S. tariffs on China sparked fear across financial markets. As prices dropped, holders of leveraged ETFs were forced to sell more as these products magnify moves both up…
Nike posted a cautious but promising rebound in its fiscal Q1 2026 results, with revenue climbing 1 % to $11.72 billion, beating expectations despite ongoing headwinds. While earnings per share fell to $0.49, they surpassed analyst forecasts amid efforts to trim excess inventory and refocus on core performance categories like running. However, the quarter wasn’t…
