The Daily News Now! Business

SK Hynix just hit the Nasdaq in a bold move to battle the “Korea discount” — the persistent undervaluation of South Korean firms. With a strong grip on the high-bandwidth memory market fueling AI growth, the company’s P/E ratio still lags rivals, partly due to limited U.S. investor access. The Nasdaq listing aims to fix that by easing governance and access hurdles, potentially unlocking capital fo...

Costco’s June sales jumped 10.6% overall, but its stock fell 4%—a mismatch that’s got investors nervous. After adjusting for gas prices and currency, U.S. sales grew 7.6% and global sales 7%, a slight slowdown from April’s 7.8% and May’s 8%. While online sales surged to 21.5% and membership numbers remain strong, the market’s big concern? It’s pricing Costco’s steady growth as a guaranteed engine,...

Mara Holdings is betting big on the future of digital infrastructure, securing 1,200 acres in Texas for a $600M+ power campus that’ll deliver 2 gigawatts by 2028—fueling AI, high-performance computing, and Bitcoin mining. Partnering with Starwood Digital Ventures, the company is shifting from pure crypto mining to a diversified, high-value tech play, with construction set to begin this year. Inves...

Micron just shattered expectations with an 87% gross margin in its data center division—proof that memory chips are now AI’s most valuable commodity. The segment’s revenue has exploded from $6B to $45B in just one year, and leadership says supply can’t catch up for years, possibly until 2027. Yet despite record profits and massive U.S. expansion plans, the stock trades at a discount to the S&P 500...

Broadcom is racing toward a two-trillion-dollar valuation, fueled by a three-percent stock surge driven by Apple’s $30 billion multi-year chip deal and explosive AI demand. The company’s AI semiconductor bookings already exceed $30 billion, powering a 48% quarterly revenue jump to $22.2 billion and $10+ billion in free cash flow. While Apple’s U.S.-based commitment secures long-term stability, it’...

UWM walked away from a bidding war for Two Harbors after realizing a cash offer of $12.50 per share wasn’t enough to win — and that’s actually a smart move. The battle started with an all-stock deal, but CrossCountry Mortgage’s all-cash bid quickly took over, escalating to $12 per share. While UWM shareholders might feel disappointed, avoiding a potentially overpriced acquisition aligns with Benja...

AMD and Nvidia are locked in a high-stakes tech showdown, with Nvidia soaring on AI-driven revenue growth and a 72% profit margin, while AMD quietly invests billions in global manufacturing and research, posting a 14% margin — and surprisingly, AMD’s stock has surged more than Nvidia’s over the past year, hinting at investor bets on undervalued potential. Listen in comfort: Get a discount on a Sol...

Wall Street’s buzzing with bullish energy on SpaceX as analyst reports flood in post-IPO quiet period, with most banks slapping “Buy” ratings and price targets soaring from $190 to over $400—some even predicting a 440% upside. The excitement? Starlink’s expanding into enterprise and government markets, massive AI infrastructure deals are in the works, and Starship’s reusable rockets are slashing l...

Tensions between the U.S. and Iran escalate as airstrikes continue, yet American officials remain determined to find a diplomatic resolution. The U.S. labels Iran’s attacks on commercial ships as terrorism and accuses Tehran of breaking its commitments, while Trump declares the ceasefire over and questions Iran’s reliability. In retaliation for attacks in the Strait of Hormuz, the U.S. revoked Ira...

Arm Holdings is skyrocketing—its stock up over 200% in 2026 alone—fueling investor frenzy as it becomes a cornerstone of the AI revolution. Once known for powering smartphones, Arm is now dominating AI infrastructure, with giants like Amazon and Meta adopting its chip designs. Its new AGI CPU and projected revenue surge from $5B to $25B by 2031 are turning heads. But analysts warn: the stock may a...

Rigetti Computing’s quantum dream is hitting reality check: despite real chips and government support, its stock is dangerously overvalued, revenue is shrinking, and constant share dilution could trigger a sharp crash by late 2026—especially as quantum hype cools. While peers like IonQ show more promise with rising revenue, Rigetti’s path demands cautious bets and small stakes. Listen in comfort:...

Trump leaves NATO summit frustrated over lack of U.S. ally support for Iran, while Middle East tensions briefly spike oil prices—now easing thanks to diplomacy. In tech, SK Hynix debuts in U.S. markets and Micron pours billions into American chip production. Meanwhile, Goldman Sachs secures $70B in outsourced retirement assets for Verizon and Lockheed Martin, fueling big moves in finance and semic...

Costco’s stock dipped after a slight slowdown in June sales growth, but the numbers still look strong—net sales up 10.6% year-over-year, comparable store sales up 8.8%. Investors reacted to the deceleration from May’s pace, but adjusted figures show core growth at 7%, steady and resilient. With value shoppers still flocking to its warehouse model, ongoing store expansion, and membership growth, Co...

A U.S. rescue team with cutting-edge gear and disaster recovery expertise was poised to save lives in Venezuela after deadly earthquakes—but got stranded when their flight permit was revoked just hours before takeoff. Forced to divert to the Dominican Republic, they spent 15 grueling hours waiting, losing critical time in the race against death. This heartbreaking delay underscores how bureaucracy...

Ukraine just struck Russia’s biggest oil refinery in Omsk — 1,500 miles away — using drones with 2,000-mile range, proving it can now hit deep inside Russian territory. Russia’s surprise at the attack, combined with the resulting fuel price spikes and diesel export bans, signals a major strategic shift. Ukraine sees this as leveling the playing field, forcing Russia to defend vast, previously unre...

The big Gaza peace plan is scaling back—what was promised as a massive 20,000-strong international force is now moving slowly, with Moroccan troops arriving months later and training first on the Israeli side before any Gaza deployment. Expect a phased, limited rollout, not a swift fix. Big ideas face real-world hurdles: politics, logistics, and security. This isn’t a quick win—it’s a complex, dra...

The next big economic shift is electrifying—literally. As AI explodes, the world is racing to secure clean, reliable power, with demand soaring 160% by 2030. Tech giants are building nuclear plants, Nordic nations are restricting data center growth, the Middle East is investing globally, and China is going fully self-sufficient. The winners? Those who locked in power early—this is the new AI energ...

Elon Musk’s empire just got its own financial exclusion zone—two new ETFs let you dodge his companies like Tesla and SpaceX, even if you’re already invested in major indexes. Created by Subversive Capital, these “Ex-Elon” funds (QQNE and SPNE) cater to investors who want to avoid Musk’s influence, whether it’s his antics, Dogecoin, or just his star power. With playful offerings like Congress-buy E...

Fidji Simo, OpenAI’s former No. 2 and potential successor to Sam Altman, is stepping down from her full-time role after a grueling medical leave, transitioning to a part-time advisory position. Her departure coincides with major product launches — including GPT-5.6 and the new ChatGPT Work agent — and comes as OpenAI eyes an IPO, with Simo seen as a key figure for leadership in that phase. Once fo...

Fidji Simo, OpenAI’s former head of product and business, is stepping down after a major health crisis—she’s been on medical leave since April due to a severe flare-up of her chronic condition, POTS, which she’s lived with since 2019. With Greg Brockman stepping in to manage product operations during her absence, her exit marks a pivotal moment for OpenAI, as she was instrumental in scaling the co...

Kyle Sauers, CFO of Rush Street Interactive, quietly sold $725K worth of stock under a pre-approved plan—no red flags here. With a $7.7B market cap and $1.2B in revenue, Rush Street is booming, up 114% in a year. Sauers still holds $21M in company stock, showing no waning confidence. Q1 revenue jumped 41%, net income doubled, and they’ve raised full-year forecasts—strong momentum in online gaming....

PepsiCo’s Q2 2026 earnings reveal a global win with strong international growth, but North America’s performance missed expectations—thanks to shifting consumer habits and higher gas prices dampening impulse buys. The company’s affordability push is showing early gains, though ROI optimization remains a work in progress. Rising commodity costs are a drag, but tariff refunds offer some relief. To c...

ServiceNow’s stock jumped 1% Thursday thanks to a big new partnership with Hitachi Digital Services, launching an AI-powered infrastructure monitoring tool that plugs right into ServiceNow’s platform—expanding its reach and value without revealing financials, but the market’s clearly cheering. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:...

XRP’s price is soaring despite sluggish real-world activity—just $2.87M in 24-hour ledger volume and $378 in fees. The SEC lawsuit settlement and lingering restrictions on institutional sales mean Ripple’s value isn’t tied to direct XRP usage, but to its broader services. A major win in Luxembourg opens European markets, yet investors remain skeptical unless actual transactions surge. Meanwhile, c...

Quantum computing’s big two, D-Wave and Rigetti, are racing to dominate — one by buying tech to solve real-world problems like logistics, the other by building custom chips to unlock future breakthroughs like drug discovery. D-Wave’s revenue jumped to $24M last year despite heavy losses, while Rigetti’s dipped slightly but still pours cash into R&D. Both are deep in the red, debt-free, and chasing...