Latest Business News
Wall Street and Asian stocks hit fresh records on the AI trade
Markets in the U.S. and Asia climbed to new highs as investors kept buying AI-related names, with chipmakers and data-center suppliers leading gains. Bloomberg coverage highlighted Marvell鈥檚 jump after Jensen Huang鈥檚 comments and broader enthusiasm across the AI supply chain.
U.S. proposes new tariffs on imports from 60 trading partners
The Trump administration is preparing fresh tariffs of at least 10% on imports from 60 trading partners after an investigation into goods allegedly produced by forced labor. Bloomberg said the move is part of a broader effort to rebuild a tariff wall after earlier levies were struck down by the U.S. Supreme Court.
SpaceX reportedly targets a record-setting IPO
Reuters-reported details cited by Bloomberg say SpaceX is planning to sell about 555.6 million shares at $135 each, implying a roughly $75 billion IPO valuation. Bloomberg also said the company was expected to set terms as early as Wednesday afternoon in the U.S.
Oil prices rise as U.S.-Iran talks stall and strikes continue
Oil extended gains for a third day as hopes for a U.S.-Iran deal faded and reports described continued exchanges of strikes. Bloomberg noted Brent and WTI firming on renewed geopolitical risk, with traders watching the conflict鈥檚 impact on supply.
Private markets face fresh redemption pressure
Partners Group said it is capping withdrawals from one of its evergreen funds at 5% of net asset value per quarter, reflecting rising redemption demand. Bloomberg characterized the move as a sign that pressure seen in private credit is spilling into private equity.
Marvell Technology surges on AI optimism
Marvell extended strong gains after reports tied to AI demand and bullish commentary from Nvidia chief Jensen Huang. Bloomberg鈥檚 coverage linked the move to the broader rally in semiconductor and infrastructure stocks powering the AI boom.
SK Hynix plans major capacity expansion by 2030
Bloomberg reported that SK Hynix intends to double capacity by 2030, underscoring how memory-chip makers are responding to AI-related demand. The move reinforces the tight supply backdrop in advanced memory and datacenter components.
Memory-chip supply remains constrained
Arm鈥檚 CEO warned that global memory-chip supply remains tight across the board, according to Bloomberg鈥檚 live coverage. That shortage matters because AI servers, smartphones, and PCs are all competing for high-end memory products.
Japan attracts foreign money as investors rotate out of overheated markets
Bloomberg said funds are buying Japan while some foreign investors pull back from markets that have run too hot. The report pointed to continued strength in Japanese equities, helped by the metals sector and a weaker yen.
Copper and aluminum rally on demand and war fears
Industrial metals rose, with copper and aluminum reaching stronger levels as investors weighed global demand against geopolitical risk. Bloomberg鈥檚 coverage linked the move to both the AI-driven infrastructure buildout and the shifting outlook around conflict.