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%.
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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.
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%.
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.
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%.
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.
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.
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.
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.
Ground beef prices rise 20% as U.S. cattle herd falls to smallest since 1951
The U.S. beef cow herd is the smallest since 1951, leaving ranchers unable to rebuild supply quickly after drought-led culling.
Cuba loosens state control as lawmakers back private businesses and direct imports
The package would let companies import and export directly and give municipalities more authority to approve local businesses.
Prediction markets shift from economist forecasts to mass-market sports wagering
Sports-heavy contracts made up about 84% of Kalshi’s volume last month, or $18.5 billion, while sports-related markets were about 99% of Polymarket’s U.S. site, or $2.1 billion.