South Korea's LG Group is adopting 10,000 GPUs from Nvidia, South Korea's Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG's AI research centre and a humanoid robot being developed by LG Electronics, Maeil said. A spokesperson for LG did not have an immediate comment.
South Korea's LG Group is adopting 10,000 GPUs from Nvidia, South Korea's Maeil Business Newspaper reported on Thursday citing an unnamed industry source. The GPUs are expected to be used to train AI by LG's AI research centre and a humanoid robot being developed by LG Electronics, Maeil said. A spokesperson for LG did not have an immediate comment.
Iran said there had been no recent progress in talks with the US over an interim peace deal, while fighting persisted in Lebanon despite Washington’s declaration of a ceasefire between Israel and the country. Iranian Foreign Minister Abbas Araghchi said late Wednesday that “no tangible progress has been achieved in the negotiation process” with the US, according to the semi-official Tasnim news ag...
Iran said there had been no recent progress in talks with the US over an interim peace deal, while fighting persisted in Lebanon despite Washington’s declaration of a ceasefire between Israel and the country. Iranian Foreign Minister Abbas Araghchi said late Wednesday that “no tangible progress has been achieved in the negotiation process” with the US, according to the semi-official Tasnim news agency. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
E.l.f. Beauty (NYSE: ELF) stock fell 13% in May, according to data provided by S&P Global Market Intelligence . The stock began to fall as it got closer to earnings, and although it did get a lift from earnings that beat expectations, it wasn't enough to recover what it had already lost. E.l.f. has made a name for itself by offering mass beauty products customers love at some of the lowest prices ...
E.l.f. Beauty (NYSE: ELF) stock fell 13% in May, according to data provided by S&P Global Market Intelligence . The stock began to fall as it got closer to earnings, and although it did get a lift from earnings that beat expectations, it wasn't enough to recover what it had already lost. E.l.f. has made a name for itself by offering mass beauty products customers love at some of the lowest prices on the market. It started with $1 products, and although that's no longer its model, it still aims to offer high value on its makeup while speaking to the values of its users. It's a winning model, and the company continues to grab market share in cosmetics and skin care. Fiscal 2026 (ended March 31) was the seventh consecutive year of market share growth, and the fourth quarter was the 29th in a row with sales growth. Continue reading
A fragile calm may be emerging in the Middle East, but only on paper. The US says Israel and Lebanon have agreed to a ceasefire that would stop cross-border fighting if Hezbollah halts attacks and pulls fighters from southern Lebanon. Trump says he secured buy-in from senior Hezbollah figures, yet the group has not publicly endorsed the deal and clashes continued in southern Lebanon after the anno...
A fragile calm may be emerging in the Middle East, but only on paper. The US says Israel and Lebanon have agreed to a ceasefire that would stop cross-border fighting if Hezbollah halts attacks and pulls fighters from southern Lebanon. Trump says he secured buy-in from senior Hezbollah figures, yet the group has not publicly endorsed the deal and clashes continued in southern Lebanon after the announcement. Adding to the uncertainty, Iran said there has been “no tangible progress” in talks with Washington over a broader peace deal. Oil prices still fell as traders bet the region may be stepping back from the brink. The timing is critical. Even as diplomats push for calm, the US and Iran have continued exchanging strikes, exposing the fragility of a wider truce. Trump is also facing pressure at home after lawmakers voted to curb US military involvement in Iran. The bigger question now isn’t whether the guns fall silent in Lebanon, it’s whether a broader regional peace can survive the competing agendas of Washington, Tehran and Jerusalem. Keep track of the twists and turns — and the global fallout — of the war with Iran here . What You Need to Know Today The hype machine is shifting into overdrive for what could be the biggest IPO in history. JPMorgan CEO Jamie Dimon will host a live discussion with top SpaceX executives for the bank’s wealthy clients ahead of the company’s blockbuster IPO, invitations seen by Bloomberg show. More than 2,500 clients are expected to attend events across 90 JPMorgan locations, a person familiar with the plans said, as Elon Musk’s rocket giant gears up for a public debut that could value it at $1.8 trillion . The unusually aggressive outreach reflects the feverish demand for a listing already being billed as a landmark moment for markets, and marks a remarkable detente between Dimon and Musk, who were suing each other just a few years ago. The Bank of Japan looks increasingly ready to do what once seemed unthinkable: keep raising rates. O...
undefined Chinese smartphone-makers are struggling to navigate a sharp rise in production costs, as a tightening supply of memory chips and higher energy and logistics expenses linked to the U.S.-Iran war add pressure across the industry. The impact has been especially severe for manufacturers focused on the lower-end segment, where already thin margins leave little room to absorb higher costs or ...
undefined Chinese smartphone-makers are struggling to navigate a sharp rise in production costs, as a tightening supply of memory chips and higher energy and logistics expenses linked to the U.S.-Iran war add pressure across the industry. The impact has been especially severe for manufacturers focused on the lower-end segment, where already thin margins leave little room to absorb higher costs or pass them on to consumers.
Updates from the first day of the series at Lord’s Sign up for The Spin | Follow us on TikTok | Mail Tim Morning everyone and welcome to the first Test of the English summer. Ashes, what Ashes? There’s a lot to look forward to here. It’s the 150th Test at Lord’s, the first ground to reach that milestone. The next one looks like being Melbourne, some time in the 2040s, so here is one facet of crick...
Updates from the first day of the series at Lord’s Sign up for The Spin | Follow us on TikTok | Mail Tim Morning everyone and welcome to the first Test of the English summer. Ashes, what Ashes? There’s a lot to look forward to here. It’s the 150th Test at Lord’s, the first ground to reach that milestone. The next one looks like being Melbourne, some time in the 2040s, so here is one facet of cricket where England still rules the world. Continue reading...
(RTTNews) - European stocks edged higher on Thursday and oil prices fell more than 1 percent toward $96 a barrel as Israel and Lebanon agreed to renew their fragile ceasefire following days of bombardment and drone strikes.
(RTTNews) - European stocks edged higher on Thursday and oil prices fell more than 1 percent toward $96 a barrel as Israel and Lebanon agreed to renew their fragile ceasefire following days of bombardment and drone strikes.
Alllex For the past 25 years, day traders of stocks and options in the U.S. needed to have $25,000 sitting in their accounts. If they didn't, they could only execute three day trades over a five-day period, while making a fourth trade would flag them as a pattern day trader and lock them out of their account. No longer. The PDT (Pattern Day Trading) rule is disappearing today—or at least most of i...
Alllex For the past 25 years, day traders of stocks and options in the U.S. needed to have $25,000 sitting in their accounts. If they didn't, they could only execute three day trades over a five-day period, while making a fourth trade would flag them as a pattern day trader and lock them out of their account. No longer. The PDT (Pattern Day Trading) rule is disappearing today—or at least most of it. Backdrop: The pattern day trading rule was implemented by FINRA in 2001 in response to the dot-com bubble. Active traders got hit hard during the downturn given the use of borrowed money, or trading on margin. New requirements were then put in place to fund their accounts in the hope of curbing excessive risk and speculative activity, as well as protecting brokerages from significant losses. However, critics have taken issue with the rule, saying that it was seemingly based on wealth rather than safety, and it was developed before the advent of zero-commission trading and real-time market access. Under the new system, the $25,000 minimum balance is going away, as well as the old rule that counted trades and the label of a "Pattern Day Trader." Instead, brokers will utilize monitoring infrastructure to look at the actual risk of open trades, and could block overleveraged ones or issue a margin call by the end of a trading day. It's also a massive win for fast-moving derivatives, as retail accounts can now rapidly buy and sell zero-days-to-expiration (0DTE) options. Existing margin requirements are sticking around, however, including the $2,000 margin base minimum, the 25% margin maintenance rule, and the restrictions associated with repeatedly failing to pay off margin deficits on time. Outlook: While FINRA is scrapping the PDT rule today, it is giving companies time to implement the changes across their systems. Brokerages like Robinhood ( HOOD ) and Webull ( BULL ) are jumping on the bandwagon immediately, though Charles Schwab ( SCHW ) is waiting until June 8, and Inte...
Broadcom reported earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.
Broadcom reported earnings Wednesday after AI-related revenue more than doubled in the prior quarter, with investors focused on guidance and demand from hyperscale customers.
Financial services holding company Fairfax Financial Holdings Limited ( FRFHF ) announced that it has priced a private offering of US$750 million in senior notes maturing in 2056. The notes were priced at par (100% of their principal amount) and will carry a fixed interest rate of 6.200%, payable annually. Fairfax plans to allocate the net proceeds generated from the debt sale to general corporate...
Financial services holding company Fairfax Financial Holdings Limited ( FRFHF ) announced that it has priced a private offering of US$750 million in senior notes maturing in 2056. The notes were priced at par (100% of their principal amount) and will carry a fixed interest rate of 6.200%, payable annually. Fairfax plans to allocate the net proceeds generated from the debt sale to general corporate purposes. Additionally, the insurance giant intends to enter into a registration rights agreement related to the debt securities . The deal is slated to close on or about June 8, 2026. More on Fairfax Financial Holdings Fairfax Financial: Quality Compounder, But Not A Cheap One Anymore Fairfax Financial Holdings Limited (FFH:CA) Q1 2026 Earnings Call Transcript Fairfax Financial Holdings Limited (FFH:CA) Shareholder/Analyst Call - Slideshow Fairfax prices $750M senior notes offering Fairfax Financial GAAP EPS of $31.11 misses by $19.09