Venezuela plans $240 billion debt restructuring after Maduro’s fall
Venezuela is preparing a restructuring for about $240 billion of debt, which would be the largest sovereign workout in history.
3 min read
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Fresh coverage on the economy, markets, and the forces moving money.
16,400 UK firms stop exporting to the EU as Brexit trade frictions linger
Studies cited by the BBC estimate the UK economy is 3% to 8% smaller than it would have been without Brexit, with investment 12% to 13% lower.
3 min read
Nasdaq falls 2.21% as AI-linked tech stocks drop across US markets
South Korea’s Kospi tumbled 10% and triggered a 20-minute circuit-breaker pause, with SK Hynix and Samsung each down more than 12%.
1 min read
16,400 firms stop exporting to the EU as Brexit paperwork and delays hit smaller sellers
Studies cited in the BBC report put UK business investment 12% to 13% below a no-Brexit path, with the economy 3% to 8% smaller.
1 min read
Kospi tumbled 10% as AI and chip stocks led a global sell-off
South Korea’s Kospi fell 10% and briefly halted trading for 20 minutes after heavy selling in SK Hynix and Samsung, which each dropped more than 12%.
1 min read
Factory employment falls to 47.0 as new orders reach a more than four-year high
S&P Global’s factory employment gauge fell to 47.0, the weakest since May 2020 and a six-year low, even as new orders reached a more than four-year high.
3 min read
Nasdaq falls 2.21% as Kospi tumbles 10% in global AI sell-off
South Korea’s Kospi tumbled 10%, triggering a 20-minute trading halt after SK Hynix and Samsung each fell more than 12%.
2 min read
Manufacturing employment falls to 47.0 as S&P Global survey shows factory growth
The June flash manufacturing PMI rose to 55.7, its strongest reading since May 2022, even as employment fell to 47.0.
3 min read
Kospi drops 10% as Samsung and SK Hynix fall more than 12%
South Korea’s Kospi fell 10% in one session and briefly triggered a 20-minute trading halt.
3 min read
U.S. factory PMI rises to 55.7 as manufacturers rebuild inventories
Factory employment gauge fell to 47.0, the weakest since May 2020, as manufacturers cut payrolls at a pace last seen in 2009 excluding COVID.
1 min read
SpaceX shares fall more than 20% in three sessions after blockbuster debut
SpaceX has lost an estimated $400 billion in market value, and a basket of space stocks is down an average of 17% since its IPO.
1 min read
Regional Winners Emerge as Globalization Gives Way to Fragmented Supply Chains
Nvidia has shifted from selling chips to selling AI factories, using full-stack hardware, networking, and CUDA to capture more of each data center buildout.
36 min read