In November last year, The Economist published an article arguing that Taiwan's central bank was inducing currency weakness to support semiconductor exports, thereby causing what it called "Taiwan disease." Although Taiwan's economy appears to be enjoying an unprecedented boom, the magazine criticized it as distorted growth centered on semiconductor exports. As a result, ordinary citizens are bear...
In November last year, The Economist published an article arguing that Taiwan's central bank was inducing currency weakness to support semiconductor exports, thereby causing what it called "Taiwan disease." Although Taiwan's economy appears to be enjoying an unprecedented boom, the magazine criticized it as distorted growth centered on semiconductor exports. As a result, ordinary citizens are bearing the burden of weak domestic demand and income polarization, the article argued. Local media in Taiwan have also frequently reported that the island's economy is suffering from "Dutch disease." The term originates from the Netherlands, where natural gas exports surged after the discovery of the North Sea gas field in 1959, driving up prices and wages while neglecting competitiveness in other industries, eventually causing the national economy to backslide. The term is now also used when a country or company becomes overly dependent on a specific industry or product, leading to a decline in long-term growth capacity. Taiwan's economic growth rate this year is expected to remain in the 8 percent range for a second consecutive year, driven by semiconductor exports and increased capital investment. Last year, per capita gross national income (GNI) reached $40,585, up 14.2 percent from the previous year, surpassing South Korea. The stock index has been hitting record highs. But concerns about "K-shaped growth" are also significant. Only a few industries, such as information technology (IT) and pharmaceuticals, are showing growth, while most traditional industries — including machinery and equipment, metals, and apparel — are struggling. The average annual salary in the semiconductor industry reaches $42,000, but the average across all sectors is just $24,000. As income gaps widen, some young people are taking on debt to plunge into the stock market. Korea's economy posted a surprise 1.7 percent growth in the first quarter of this year, but excluding semiconductors, growth was...
Cary Street Partners Financial LLC raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 44.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,611 shares of the enterprise software provider's stock after buying an additional 10,979 shares during the quarter. Cary Street Partners Financial LLC's holdings in Oracle were worth $6,941,000 as...
Cary Street Partners Financial LLC raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 44.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,611 shares of the enterprise software provider's stock after buying an additional 10,979 shares during the quarter. Cary Street Partners Financial LLC's holdings in Oracle were worth $6,941,000 as of its most recent filing with the SEC. A number of other large investors also recently bought and sold shares of ORCL. FSA Wealth Management LLC purchased a new stake in shares of Oracle in the third quarter valued at about $28,000. Mpwm Advisory Solutions LLC raised its holdings in Oracle by 76.9% during the third quarter. Mpwm Advisory Solutions LLC now owns 115 shares of the enterprise software provider's stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Oracle in the third quarter valued at about $35,000. HFM Investment Advisors LLC lifted its position in Oracle by 290.9% in the fourth quarter. HFM Investment Advisors LLC now owns 129 shares of the enterprise software provider's stock valued at $25,000 after purchasing an additional 96 shares during the period. Finally, Collier Financial purchased a new stake in Oracle in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 42.44% of the company's stock. Get Oracle alerts: Sign Up Insider Activity In other Oracle news, EVP Stuart Levey sold 15,000 shares of the firm's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $176.19, for a total transaction of $2,642,850.00. Following the sale, the executive vice president directly owned 3,429 shares of the company's stock, valued at $604,155.51. This trade represents a 81.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, whi...
The yen hovered close to its May low on Wednesday, near levels that spurred official currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war. BOJ Governor Kazuo Ueda struck a hawkish posture, saying the war-driven oil shock could become persistent in an environment of high inflation expectations and rising wages. Markets currently lay around 68% o...
The yen hovered close to its May low on Wednesday, near levels that spurred official currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war. BOJ Governor Kazuo Ueda struck a hawkish posture, saying the war-driven oil shock could become persistent in an environment of high inflation expectations and rising wages. Markets currently lay around 68% odds for a 25-bp hike at the BOJ's next policy meeting in June, according to LSEG data. Japan's core inflation accelerated in April and pushed above 2%. The strength of the yen in real terms has hit a new low going back to the 1970s, as the trade deficit and other structural selling pressure factor are exacerbated by rising energy costs. Japan will build up an extra $19 billion in reserves to subsidise fuel costs and help tackle cost of living pressures, PM Takaichi said on Monday, aiming to assuage bond market concerns. The government is considering cutting consumption tax on food, a move that could reduce tax revenue by as much as 5 trillion yen, while rising JGB yields threaten to push debt-servicing costs higher than expected. The yen was trading below 50 SMA, stuck in a tight trading range. As bears may be reluctant to make heavy bets for now, we see it strengthen to 158.8 per dollar. Asset recap As of market close on 26 May, among EBC major products, Micron Technology shares led gains after UBS more than tripled its price target on the memory chipmaker to $1,625 AutoZone recorded its worst trading day in more than four years despite earnings beat. Analysts were concerned about lacklustre growth internationally and margin compression that was more in line with competitors. European shares slipped as doubts over the prospects of a deal to end the conflict with Iran weighed on sentiment after the US launched what it said were defensive strikes in the south of the country.
Emerson ( EMR ) has signed a strategic agreement with Saudi Aramco ( ARMCO ) to co-develop next-generation, predictive corrosion management solutions that replace manual data collection with continuous digital monitoring. For Aramco, managing corrosion is a vital operational priority tied directly to safety, efficiency, and environmental responsibility. By replacing inefficient and hazardous manua...
Emerson ( EMR ) has signed a strategic agreement with Saudi Aramco ( ARMCO ) to co-develop next-generation, predictive corrosion management solutions that replace manual data collection with continuous digital monitoring. For Aramco, managing corrosion is a vital operational priority tied directly to safety, efficiency, and environmental responsibility. By replacing inefficient and hazardous manual measurements with Emerson’s advanced technology, including ultrasonic online monitoring, wireless connectivity, and real-time data analytics. The collaboration aims to provide a reliable, automated data stream for improved industrial decision-making. The research and development partnership will blend Aramco’s industry expertise and intellectual property with Emerson’s technology leadership to transform how corrosion is tracked in the energy sector. Ultimately, Emerson’s integrated automation platform delivers continuous, predictive insights on wall thickness and system vulnerabilities, allowing the energy industry to effectively mitigate risks, prevent costly unplanned downtime, and significantly boost overall production efficiency. More on Emerson Electric, Saudi Aramco: Emerson Electric Sees Long-Tailed Growth In The Electrification Megatrend Emerson Electric: Not An AI Infrastructure Company Emerson Electric Co. (EMR) Q2 2026 Earnings Call Transcript Emerson launches Synchros IIoT platform to expand wireless monitoring Emerson highlights emissions cuts, workplace metrics in sustainability report
Aluminum Supply Crisis Is About To Get Worse Aluminum prices in London are up nearly 17% since the onset of the U.S.-Iran conflict, as a growing chorus of top commodity desks, including Mercuria, Goldman, JPMorgan, and others, warn that the market is facing a major supply shock. That disruption, driven firstly by Middle East smelter outages and the Hormuz maritime chokepoint, is now colliding with...
Aluminum Supply Crisis Is About To Get Worse Aluminum prices in London are up nearly 17% since the onset of the U.S.-Iran conflict, as a growing chorus of top commodity desks, including Mercuria, Goldman, JPMorgan, and others, warn that the market is facing a major supply shock. That disruption, driven firstly by Middle East smelter outages and the Hormuz maritime chokepoint, is now colliding with new concerns that China may be forced to curtail output amid energy-use and emissions inspections, according to Bloomberg . More color from the report: Chinese authorities are now moving to rein in that over- production as inventories swell. A smelter in Baise, Guangxi province, has already cut output of molten aluminum, Mysteel wrote, without providing estimates of volumes affected. The steel and oil refining industries will also be targeted, the Ministry of Industry and Information Technology said in a statement on May 13. Building on production cut risks in China, as it is the world's biggest producer, there is another report from Bloomberg that Guinea, the world's largest bauxite producer, is preparing to limit exports of the ore, threatening flows to China's aluminum industry. Mines and Geology Minister Bouna Sylla told the outlet that the West African nation will dial back bauxite exports in June after a surge in exports sparked a price slump that the government wants to correct. "Supply mustn't exceed demand," Sylla said. "We want to regulate the quantity to raise prices back to reasonable levels." For context, most of Guinea's bauxite is loaded on bulk carriers and shipped to China, where it's first refined into alumina, then turned into the industrial metal aluminum. The complexity of the aluminum supply shock extends well beyond Gulf disruptions, as we outline in this note, which is why prices in London are trading around $3,673 a ton, the highest since March 2022. JPMorgan analysts recently warned that the industry is descending into a black hole , or a "metapho...
South Korea’s SK Hynix became just the third Asian company to join the $1 trillion club as a breakneck surge in memory-chip stocks and an AI frenzy reshapes economies worldwide. (Source: Bloomberg)
South Korea’s SK Hynix became just the third Asian company to join the $1 trillion club as a breakneck surge in memory-chip stocks and an AI frenzy reshapes economies worldwide. (Source: Bloomberg)
Micron Technology (MU +19.29%) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (UBS +1.75%) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. Bu...
Micron Technology (MU +19.29%) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (UBS +1.75%) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But based on Arcuri's price target, Micron could still soar another 85%. Trade like Nvidia Arcuri is much more bullish about Micron for one primary reason: He likes the company's long-term agreements with customers. Micron now has enhanced agreements with fixed volume commitments from customers that range from three to five years. Such deals were practically unheard of in the past for memory chip companies, but the market dynamics have changed dramatically thanks to artificial intelligence (AI) demand. These long-term agreements provide significant visibility in demand for Micron over the next few years. They should also make the company's earnings less lumpy. Sure, Micron may give up some revenue over the near term with these deals, but Arcuri likes the trade-off. The UBS analyst based his $1,625 price target assuming that Micron would generate earnings per share of between $117 and $155 over the next three years. He also expects the stock to trade at around 15 times forward earnings. However, Arcuri believes that there's no reason why Micron shouldn't trade similarly to Nvidia (NVDA 0.38%), which currently sports a forward price-to-earnings multiple of around 24.5. CNBC reported Arcuri as stating, "The market will start to put a more 'normal' multiple on the stock and MU will continue to rerate higher." UBS isn't the only Wall Street firm that has become more bullish about Micron in recent days. Citigroup (C +1.42%) nearly doubled its price target on the stock last week. However, analysts are having trouble keeping up with Micron's rapid gains. Citi's target of $840 is alre...
Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (NYSE: UBS) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But...
Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (NYSE: UBS) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But based on Arcuri's price target, Micron could still soar another 85%. Will AI create the world's first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need. Continue » Image source: Micron Technology. Trade like Nvidia Arcuri is much more bullish about Micron for one primary reason: He likes the company's long-term agreements with customers. Micron now has enhanced agreements with fixed volume commitments from customers that range from three to five years. Such deals were practically unheard of in the past for memory chip companies, but the market dynamics have changed dramatically thanks to artificial intelligence (AI) demand. These long-term agreements provide significant visibility in demand for Micron over the next few years. They should also make the company's earnings less lumpy. Sure, Micron may give up some revenue over the near term with these deals, but Arcuri likes the trade-off. The UBS analyst based his $1,625 price target assuming that Micron would generate earnings per share of between $117 and $155 over the next three years. He also expects the stock to trade at around 15 times forward earnings. However, Arcuri believes that there's no reason why Micron shouldn't trade similarly to Nvidia (NASDAQ: NVDA), which currently sports a forward price-to-earnings multiple of around 24.5. CNBC reported Arcuri as stating, "The market will start to put a more 'normal' multiple on the stock and MU will continue to rerate higher." UBS isn't the only Wall St...
Key Points UBS analyst Timothy Arcuri more than tripled his 12-month price target for Micron. Arcuri is bullish about the memory chip maker in large part because of its long-term agreements with customers. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close...
Key Points UBS analyst Timothy Arcuri more than tripled his 12-month price target for Micron. Arcuri is bullish about the memory chip maker in large part because of its long-term agreements with customers. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has been one of the biggest winners of the last 12 months. Shares of the memory chip maker have skyrocketed close to 850%. And one top Wall Street analyst thinks Micron has plenty of room to run. UBS Group (NYSE: UBS) analyst Timothy Arcuri raised his 12-month price target on Micron from $535 to $1,625 on Tuesday. His move sparked a huge rally for the tech stock. But based on Arcuri's price target, Micron could still soar another 85%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Trade like Nvidia Arcuri is much more bullish about Micron for one primary reason: He likes the company's long-term agreements with customers. Micron now has enhanced agreements with fixed volume commitments from customers that range from three to five years. Such deals were practically unheard of in the past for memory chip companies, but the market dynamics have changed dramatically thanks to artificial intelligence (AI) demand. These long-term agreements provide significant visibility in demand for Micron over the next few years. They should also make the company's earnings less lumpy. Sure, Micron may give up some revenue over the near term with these deals, but Arcuri likes the trade-off. The UBS analyst based his $1,625 price target assuming that Micron would generate earnings per share of between $117 and $155 over the next three years. He also expects the stock to trade at around 15 times forward earnings. However, Arcuri believes that there's no reason why Micron shouldn't trade similarly to Nvidia (NASDAQ: NVDA), which currently...