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RBC Capital Markets has raised its 12-month target for the S&P 500 index from 7900 to 8150, reflecting increased confidence in corporate earnings resilience and the broader economic outlook.
Read MoreThe UK's Office of Financial Sanctions Implementation (OFSI) is ramping up penalties for firms violating Iran trade restrictions, deepening cooperation with the US for potential joint enforcement actions, and initiating staff secondments to the Bank of England.
Read MoreJ.P. Morgan revised its economic outlook for Malaysia, forecasting 5% growth in 2026 driven by strong exports. The report predicts Bank Negara Malaysia may raise rates by 25bps in Q4 2026 to tighten policy, shifting from prior expectations of steady rates.
Read MoreMoonshot AI released an official statement clarifying that all financing activities are handled directly by the company without authorizing any third-party financial advisors. It warns that unauthorized equity transfers are invalid and new share allocations are based solely on received funds.
Read MoreMidday updates highlight tech and macro shifts. Apple eyes 1.4nm chips for 2028 flagships, while Fed hawkishness pressures metals. BofA warns of a 'risk-off summer' as funds rotate. Robinhood's prediction markets may soon outearn crypto, signaling a platform evolution.
Read MoreRecent market rumors suggested ByteDance was considering using Baidu's Kunlun AI chips, but sources close to the company have denied any current partnership plans. The speculation emerged alongside reports of Kunlun's potential Hong Kong listing and Tencent's status as a customer. The denial highlights the fluid dynamics in China's competitive AI chip landscape.
Read MoreJapan has unveiled an economic blueprint aiming to more than double its average growth rate to over 1% annually by 2040. The plan calls for massive public and private investment exceeding ¥370 trillion, targeting strategic industries while navigating potential policy coordination with the central bank.
Read MoreEthereum spot ETFs recorded a $273 million net outflow last week, marking the seventh consecutive week of withdrawals. BlackRock's product led the exodus with $236 million withdrawn, as overall ETF assets now represent 4.42% of Ethereum's total market cap.
Read MoreBitcoin spot ETFs experienced massive outflows last week, totaling $1.79 billion — the third-largest weekly withdrawal on record. BlackRock's IBIT led the exits, while Grayscale's Mini Trust saw modest inflows, highlighting significant market volatility and shifting investor sentiment.
Read MoreJapan's IPO market recorded its lowest first-half tally in 15 years, driven by a shortage of startups ready for public listing. Analysts see little near-term improvement, highlighting structural challenges in the country's innovation ecosystem.
Read MoreKiwoom Securities is in talks to acquire a stake in Bithumb, South Korea's second-largest crypto exchange. The move responds to upcoming ownership limits and shareholder pressure, highlighting a broader trend of traditional brokerages entering the digital asset space.
Read MoreCopper prices fell for a second week, with London three-month futures near $13,300 per ton. The Fed's hawkish signals for more rate hikes to combat inflation and a surging U.S. dollar weighed on industrial metals. While long-term demand from EVs, renewables, and AI remains supportive, near-term macro pressures dominate.
Read MoreOn June 29th, FTSE China A50 Index Futures rose notably by 1%, drawing market attention. This analysis explores key drivers behind the surge, such as policy expectations and improved economic signals, and its implications for China's core equities.
Read MoreBitcoin has surged past the critical $60,000 level, currently trading at $60,002.92. Despite this gain, the market shows significant volatility with a 0.33% drop over 24 hours. This article explores the implications of this price movement and essential risk management strategies for investors.
Read MoreBaidu's AI chip subsidiary Kunlunxin is planning a Hong Kong IPO, targeting a valuation around $50 billion. This news drove Baidu's stock price up nearly 9%. Tencent is confirmed as a client, with ByteDance also evaluating its chips.
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