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Costs to Hedge the $9 Trillion S&P 500 Rally Jump Ahead of Fed

Costs to Hedge the $9 Trillion S&P 500 Rally Jump Ahead of Fed Sentiment in the US stock market has shifted quickly from fear of missing out to fear of getting wiped out. Traders nervous about a further plunge in US stocks in the coming weeks are loading up on downside protection. That’s pushed the one-month skew, a measure of demand for options to protect against a drop in the S&P 500 Index, from the lowest in a year to a 72nd percentile of observations, according to data compiled by Mandy...

Bloomberg Markets 12h ago

Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives

Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives SEOUL, June 1 : Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Huang is expected to visit South Korea later this week and meet LG Group Chairman Koo Kwang-mo and other Korean executives, a person with knowledge of the matter said. Nvidia also...

Channel News Asia 9d ago

South Korea’s booming stock market mints a generation of novice investors

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Al Jazeera 21h ago

Oil drops, stocks mostly higher despite AI concerns

Oil drops, stocks mostly higher despite AI concerns NEW YORK: Oil prices and the dollar retreated on Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom weighing upon AI stocks. Iran reported "no tangible progress" in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action. Israel, meanwhile,...

Channel News Asia 6d ago

Oil drops, stocks mostly higher despite AI concerns

Oil drops, stocks mostly higher despite AI concerns NEW YORK: Oil prices and the dollar retreated Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom weighing upon AI stocks. Iran reported "no tangible progress" in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action. Israel meanwhile...

Channel News Asia 6d ago

New York Knicks hold off San Antonio Spurs 105-104 for 2-0 NBA Finals lead

New York Knicks hold off San Antonio Spurs 105-104 for 2-0 NBA Finals lead Spurs in need of an unprecedented comeback when the best-of-seven series shifts to New York for games three and four. Jalen Brunson drilled the go-ahead free throw as the New York Knicks held off a furious San Antonio rally to beat the Spurs 105-104 and take a commanding 2-0 lead in the NBA Finals. San Antonio player Victor Wembanyama had a crucial late turnover and missed a potential game-winner with two seconds...

Al Jazeera 4d ago

New York Knicks hold off Wembanyama's Spurs to take 2-0 lead in NBA Finals

New York Knicks hold off Wembanyama's Spurs to take 2-0 lead in NBA Finals San Antonio Spurs lost the second match of the NBA finals to the New York Knicks on Saturday, with French star Victor Wembanyama missing a potential game-winner just before the final whistle. The defeat leaves Spurs in need of an unprecedented comeback when the best-of-seven series shifts to New York for games three and four. Jalen Brunson drilled the go-ahead free throw as the New York Knicks held off a furious San...

France 24 4d ago

Inflation hits 3.2%, highest since 2023: Are ECB rate hikes inevitable?

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal. Price pressures across the euro area accelerated again in May, as the disruptions from the Strait of Hormuz blockade continued to ripple through energy markets, pushing inflation to its highest level in almost three years and cementing expectations of an imminent European Central Bank rate hike.

Euronews 8d ago

Corning strikes another multibillion-dollar AI deal. What the new Amazon pact means for the stock

Corning stock surged Monday after the company inked a major data center deal with Amazon — the latest in a string of high-profile wins for the Club holding. Amazon said it will pay Corning billions of dollars for optical fiber in the coming years to support its growing data center footprint. The investment will allow Corning to expand production and create 1,000 new jobs at its North Carolina manufacturing facilities.

CNBC 2d ago

Here are 3 forces that drove a whirlwind week for the stock market

An avalanche of selling on Friday crushed the stock market, a dramatic reversal from record highs earlier in the week. Chip stocks nosedived in the final trading session of last week. There were pockets of weakness in tech ever since Club name Broadcom disappointed on earnings.

CNBC 4d ago