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Spacex has become the source of the nourishment needed for a secular bear market’s life span to increase to 20 years from eight years. Based the statistics for all secular markets dating back to 1802, newest secular bear has begun or will soon begin. Spacex closed at...
JPMorgan Chase & Co.’s analysts said an in-house indicator is “now flashing a buy-signal” — something that has typically indicated the S&P 500 Index is poised to gain. The bank’s global market intelligence team, lead by Andrew Tyler, said its so-called...
SK Hynix Inc.’s American depositary receipts slumped to a new low after a record-setting $26.5 billion debut earlier this month as investors dump once-high flying semiconductor stocks. The South Korean memory chipmaker dropped as much as 10% to trade as low as...
Jersey Mike’s Subs Inc.’s initial public offering has attracted investor demand for more than 10 times the available shares ahead of pricing on Wednesday, according to people familiar with the matter. The Blackstone Inc.-backed submarine sandwich chain and some of its...
Investors in Asia are snapping up stocks from Indonesian banks to Chinese e-commerce titans and Indian technology firms, trimming bets on popular AI trades which have turned increasingly volatile. Fidelity International and BNP Paribas Asset Management are among those...
Jonathan Bock, co-chief executive officer of Blackstone Inc.’s flagship $78 billion private credit fund, is leaving the firm, according to a filing Friday. Bock, who joined three years ago, resigned on July 20, the firm said. Blackstone won’t replace his role, with...
The Nasdaq 100 Index tumbled Friday, capping its first back-to-back weekly loss since late March as it was dragged down by the oil-price spike and a selloff in the tech stocks that once surged on the back of the AI investment boom. The technology-heavy gauge...