Kioxia Holdings Corp. ’s plan to float American Depositary Shares is setting one of the world’s hottest stocks up for a liquidity boost, tapping into the global fervor over memory chips to expand its investor base. The company is preparing to list the ADSs on a US stock exchange, it said in a release on Friday, saying the move would help raise corporate value. Details such as the schedule and meth...
Kioxia Holdings Corp. ’s plan to float American Depositary Shares is setting one of the world’s hottest stocks up for a liquidity boost, tapping into the global fervor over memory chips to expand its investor base. The company is preparing to list the ADSs on a US stock exchange, it said in a release on Friday, saying the move would help raise corporate value. Details such as the schedule and method are as yet undetermined and the company may end up not pursuing the listing, according to the release. ADSs make the actual shares available for trading, making arbitrage cheaper than in the case of depositary receipts, which Kioxia already has. Kioxia shares have surged more than 300% this year, making them one of the biggest winners among major global stocks, and giving the company a market value of $176.8 billion. The stock surged to an all-time high on Monday after the company reported record earnings of ¥596.8 billion ($3.8 billion) for the quarter ending in March, surpassing Toyota Motor Corp. to become one of the most profitable businesses in Japan. “This will definitely improve the liquidity of Kioxia as it will become an ADR arb favorite, given I expect big liquidity in the US line too,” said Andrew Jackson , head of Japan equity strategy at Ortus Advisors. , adding that the impact will be big, considering how hot the memory market is. He also expects increases in local trading of the stock. Kioxia’s shares are already the most-traded Japanese stock and the US listing could lure more traders. The ADS framework offers easier arbitrage opportunities, according to Jackson. Memory chip makers have been among the key beneficiaries of the artificial intelligence buildout, from Micron Technology Inc. to Sandisk Corp. and Samsung Electronics Co. Some, like South Korea’s SK Hynix Inc., have taken advantage of the rally to plot fresh share listings . Read: Memory Squeeze Lures Day Traders, Hedge Funds to Kioxia For the latest news on equity capital markets activity in the...
The final is the most expensive ticket on resale for this summer’s tournaments. But there are surprising get-in prices elsewhere It’s no surprise that the most expensive World Cup resale tickets are for the final . But the next priciest is a group game between two nations who have never reached that stage. A ticket to the Colombia v Portugal group game in Miami on 27 June is the tournament’s secon...
The final is the most expensive ticket on resale for this summer’s tournaments. But there are surprising get-in prices elsewhere It’s no surprise that the most expensive World Cup resale tickets are for the final . But the next priciest is a group game between two nations who have never reached that stage. A ticket to the Colombia v Portugal group game in Miami on 27 June is the tournament’s second-most expensive seat on the resale marketplace, with a cheapest asking price of $2,254 as of 17 May, according to TicketData.com , an analysis site. Continue reading...
A rare Ebola outbreak that may have circulated undetected in northeastern Democratic Republic of Congo for several weeks has exposed the difficulty of detecting deadly viruses in regions where malaria, typhoid and other fever-causing illnesses were common and health systems were stretched thin. About 350 suspected cases and 91 deaths have been reported in northeastern DR Congo, the country’s healt...
A rare Ebola outbreak that may have circulated undetected in northeastern Democratic Republic of Congo for several weeks has exposed the difficulty of detecting deadly viruses in regions where malaria, typhoid and other fever-causing illnesses were common and health systems were stretched thin. About 350 suspected cases and 91 deaths have been reported in northeastern DR Congo, the country’s health minister Roger Kamba said on Sunday, while neighbouring Uganda has confirmed two infections,...
Airline says travellers are leaving it longer to book and those buying flights later this year could face higher prices Business live – latest updates Ryanair is “confident” it will not face a jet fuel shortage this summer amid fears over widespread cancellations linked to the Iran war, but warned holidaymakers booking their flights later this year could face higher fares. Neil Sorahan, the chief ...
Airline says travellers are leaving it longer to book and those buying flights later this year could face higher prices Business live – latest updates Ryanair is “confident” it will not face a jet fuel shortage this summer amid fears over widespread cancellations linked to the Iran war, but warned holidaymakers booking their flights later this year could face higher fares. Neil Sorahan, the chief financial officer at the budget airline, said he was “increasingly confident that we will not see any supply shocks this summer”. Continue reading...
Chances of Malaysia’s Anwar Ibrahim winning a fresh mandate look increasingly fraught, experts say, as the unravelling of his coalition government picked up pace with threats of full-scale war between allies and the desertion by former stalwarts to another party over the weekend. Anwar has presided over a period of relative political stability since he was appointed prime minister in November 2022...
Chances of Malaysia’s Anwar Ibrahim winning a fresh mandate look increasingly fraught, experts say, as the unravelling of his coalition government picked up pace with threats of full-scale war between allies and the desertion by former stalwarts to another party over the weekend. Anwar has presided over a period of relative political stability since he was appointed prime minister in November 2022 by then-king Sultan Abdullah Ahmad Shah, on condition that he include both allies and rivals in his...
Elon Musk said he’s back in Texas working on plans for an initial public offering of SpaceX as the rocket and artificial intelligence company gears up for the largest listing of all time. “We’ve got to get the SpaceX IPO stuff going here pretty soon,” the billionaire said, giving a reason for appearing virtually, instead of in person, at the Samson International Smart Mobility Summit in Tel Aviv o...
Elon Musk said he’s back in Texas working on plans for an initial public offering of SpaceX as the rocket and artificial intelligence company gears up for the largest listing of all time. “We’ve got to get the SpaceX IPO stuff going here pretty soon,” the billionaire said, giving a reason for appearing virtually, instead of in person, at the Samson International Smart Mobility Summit in Tel Aviv on Monday. Musk’s SpaceX, which has grown into one of the most influential companies in the space industry with billions of dollars in government contracts and considerable political sway, could file for an initial public offering as soon as this week, people familiar with the matter said. The rocket, satellite and artificial intelligence company is seeking to raise as much as $75 billion on a valuation of more than $2 trillion , Bloomberg previously reported. That would make it the largest IPO of all time. Read More: Pentagon Defends Trump’s Golden Dome After $1 Trillion Estimate SpaceX is one of the companies helping to build out Donald Trump ’s Golden Dome. The US Space Force has awarded $3.2 billion for prototypes of space-based interceptor prototypes — technology intended to destroy incoming missiles from orbit — to companies including SpaceX, Lockheed Martin Corp. , Northrop Grumman Corp. , RTX Corp. and Anduril Industries Inc. Musk was one of the executives who traveled with Trump to China last week to join talks with Xi Jinping . Read More: China’s Secretive Missile Buildup Unearthed in Company Earnings Tesla Inc. , Musk’s electric car company and one of the most expensive stocks on the S&P 500, has pledged to spend more than $25 billion this year to help build up “physical AI” for automobiles and robotics. Musk said on Monday that he sees driverless cars with no safety monitors operating “widespread in the US by the end of this year.” “And hopefully in Israel too,” he said. Musk said on an earnings call last month that Tesla wants to have “unsupervised” Robotaxis op...
(Bloomberg) -- Elon Musk said he’s back in Texas working on plans for an initial public offering of SpaceX as the rocket and artificial intelligence company gears up for the largest listing of all time. Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpHormuz Oil Flows Creep Higher as More Supertankers E...
(Bloomberg) -- Elon Musk said he’s back in Texas working on plans for an initial public offering of SpaceX as the rocket and artificial intelligence company gears up for the largest listing of all time. Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenTrump Gets Revenge on Republican Who Vo
Intel is quietly manufacturing chips for Apple's iPhones, iPads, and Macs — but only legacy and mid-range processors, not the advanced silicon TSMC still dominates.
Intel is quietly manufacturing chips for Apple's iPhones, iPads, and Macs — but only legacy and mid-range processors, not the advanced silicon TSMC still dominates.
Italian Prime Minister Giorgia Meloni asked the European Commission to extend greater latitude within European Union budget rules to measures aimed at tackling rising energy costs. Italy’s government is seeking to include investments and extraordinary measures to address the energy crisis in the so-called national safeguard clause, according to a letter Meloni sent to European Commission President...
Italian Prime Minister Giorgia Meloni asked the European Commission to extend greater latitude within European Union budget rules to measures aimed at tackling rising energy costs. Italy’s government is seeking to include investments and extraordinary measures to address the energy crisis in the so-called national safeguard clause, according to a letter Meloni sent to European Commission President Ursula von der Leyen and seen by Bloomberg. The provision, which is typically used for defense spending, allows EU member states to temporarily deviate from the bloc’s budget rules under exceptional circumstances. Italy’s move could create frictions with the commission, which provided EU nations with a range of options to address the current energy crisis that does not include the safeguard clause. Italy’s request to suspend rules would concern measures worth around 1.5% of gross domestic product, according to Corriere della Sera. Meloni’s government is seeking fresh resources to finance the extension of cuts to petrol levies, which cost around €1 billion ($1.16 billion) each month and expire on May 22. A union of truck drivers announced a five-day walkout scheduled to start on May 25.
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Maximusnd/iStock via Getty Images The municipal bond market started the year strong. The Fed resumed its easing cycle in late 2025 and shifted focus toward a softening labor market, helping drive yields lower alongside solid investor demand through January and February. Munis extended their rally, posting ten consecutive positive monthly returns since last April's "Liberation Day" drawdown, while ...
Maximusnd/iStock via Getty Images The municipal bond market started the year strong. The Fed resumed its easing cycle in late 2025 and shifted focus toward a softening labor market, helping drive yields lower alongside solid investor demand through January and February. Munis extended their rally, posting ten consecutive positive monthly returns since last April's "Liberation Day" drawdown, while volatility gradually declined from previously elevated levels. That calm reversed at the end of February as the U. S. and Israel began direct military action against Iran. Disruptions to oil and gas shipments through the Strait of Hormuz drove energy prices sharply higher and renewed inflation concerns, reducing market expectations for future Fed rate cuts. Muni bond yields reset sharply higher, with intermediate yields rising more than 60 basis points (bps) in just a few weeks. This move was likely exacerbated by seasonal technical weakness from investor withdrawals ahead of the April tax deadline, as well as elevated new issue supply, leaving the market modestly negative for the quarter after a strong start (+2% through February). High-grade munis underperformed Treasuries during the March selloff, particularly at longer maturities. The Treasury curve bear-flattened as front-end rates moved higher, reflecting the repricing of short-term rates amid reduced expectations for Fed easing. In contrast, the muni yield curve bear-steepened, with short-maturity yields moving lower while intermediate and longer yields moved higher. This pattern, seen in prior periods of volatility such as the COVID-19 pandemic and "Liberation Day, " reflects the lack of natural hedging tools in tax-exempt markets. As a result, investors often shift toward cash and short-duration bonds during periods of stress, driving those yields lower while longer-term yields rise. As active managers, we view these periods of volatility as opportunities to add high-quality intermediate bonds at attractive relativ...
Switzerland To Vote On Capping Population At 10 Million In less than four weeks, on June 14, Swiss voters will decide on a proposal that, if passed, would mark a constitutional first: enshrining a hard limit on the country’s total permanent resident population. The " No to a Switzerland with 10 Million" initiative , backed by the right-wing Swiss People’s Party (SVP), seeks to amend the Federal Co...
Switzerland To Vote On Capping Population At 10 Million In less than four weeks, on June 14, Swiss voters will decide on a proposal that, if passed, would mark a constitutional first: enshrining a hard limit on the country’s total permanent resident population. The " No to a Switzerland with 10 Million" initiative , backed by the right-wing Swiss People’s Party (SVP), seeks to amend the Federal Constitution to keep the population below 10 million until 2050. If thresholds are approached or breached, the government would be required to tighten asylum and family reunification rules and renegotiate or terminate international agreements—including the landmark Agreement on the Free Movement of Persons with the EU—that contribute to population growth. Rapid Growth Switzerland’s population stands at approximately 9.1 million as of early 2026. It has grown by roughly 1.9 million since 2000, with net international migration accounting for about 80% of that increase . Natural population growth (births minus deaths) remains very low due to a fertility rate of around 1.3 children per woman. Foreign nationals currently make up roughly 27% of the resident population (about 2.5 million people as of late 2024/early 2025 data), a share that has risen steadily: Around 2011 (15 years ago): ~22–23% Around 2016 (10 years ago): ~25% Today: ~27% foreign nationals (foreign-born and migration-background shares are higher, reaching ~40% when including naturalized citizens and second-generation residents) Most foreign residents come from EU/EFTA countries (around 63–82% of the foreign population), primarily for work. Net migration into the permanent resident population has averaged 60,000–90,000 annually in recent years, though it declined modestly in 2025. The Case for a Cap Supporters argue that sustained high immigration, while economically beneficial in many respects, has created tangible pressures in a small, mountainous country with limited space for expansion. Key concerns include: Hou...
Maksim Labkouski Shares of LiveRamp ( RAMP ) jumped 26% to $37.30 in premarket trading on Monday following news that Publicis Groupe ( PUBGY ) will acquire the data collaboration platform in an all-cash deal valued at $2.5B. The transaction is designed to deepen Publicis' data and artificial intelligence strengths to help brands better navigate a highly fragmented media market. Under the terms of ...
Maksim Labkouski Shares of LiveRamp ( RAMP ) jumped 26% to $37.30 in premarket trading on Monday following news that Publicis Groupe ( PUBGY ) will acquire the data collaboration platform in an all-cash deal valued at $2.5B. The transaction is designed to deepen Publicis' data and artificial intelligence strengths to help brands better navigate a highly fragmented media market. Under the terms of the agreement, Publicis will pay $38.50 per share for LiveRamp ( RAMP ), a 29.8% premium to the company’s closing price on May 15, the last trading day before the announcement. In Sunday's statement, the French group also raised its 2027 and 2028 constant-currency growth targets to 7%-8% for net revenue and 8%-10% for headline earnings per share, up from previous guidance of 6%-7% and 7%-9%, respectively. LiveRamp ( RAMP ) shares have climbed 8% year-to-date, and the stock currently carries a Hold rating from Seeking Alpha’s Quant system. More on LiveRamp, Publicis Groupe S.A. Publicis Groupe S.A. (PUBGY) Q1 2026 Sales/Trading Call Transcript Publicis Groupe S.A. (PUBGY) Q1 2026 Sales/ Trading Statement Call - Slideshow LiveRamp Holdings, Inc. (RAMP) Discusses AI as a Business Tailwind, Network Expansion, and Agentic Advertising Transformation - Slideshow LiveRamp GAAP EPS of $1.12 beats by $0.85, revenue of $206M beats by $0.43M Publicis to acquire LiveRamp in $2.5 billion deal as ad-tech consolidation accelerates