South Korean chipmaker SK Hynix reached a $1 trillion valuation for the first time, driven by explosive demand for high-bandwidth memory chips used in AI.
Year: 2026
DeepSeek V4 Pro Slashes Price by 75% in AI Cost War
DeepSeek dramatically cut prices for its flagship V4 Pro model, intensifying the global price war among AI providers and threatening Western incumbents.
Canada’s Blue Diamond Resorts Ends Cuba Operations Citing Air Service Decline
Canadian hotel operator Blue Diamond shut down 62 Cuban properties, citing reduced air connectivity and operational challenges.
World Bank Cuts Global Growth Forecast to 2.5% for 2026 on Energy Shocks
The World Bank’s June 2026 Global Economic Prospects report lowered its growth projection due to Middle East conflict-driven energy price increases.
Tanker Traffic Jumps in Hormuz After US and Iran Implement Sea Lane Deal
Shipping activity in the Strait of Hormuz surged following an agreement to allow tanker passage, easing weeks of disruption to global oil flows.
Nuclear Stocks to Benefit from AI and Rising Energy Demand — Roth Capital
Roth Capital recommends nuclear energy stocks as surging AI data centre power needs drive renewed investor interest in atomic power.
NetJets’ First Fatal Crash Kills Influential Texas VC Founder
A NetJets-operated Cessna caught fire after crashing on a Laredo, Texas highway, killing one person including a notable venture capital figure.
Goldman Sachs Bets a Recent Merger Will Drive Sharp Gains in Travel Stocks
Goldman Sachs analysts have identified a recently merged travel company as a top pick, citing post-merger synergies and rebounding demand.
SpaceX Stake Worth Over $1 Trillion as Musk Becomes First Trillionaire
Elon Musk’s SpaceX valuation has pushed his personal net worth past $1 trillion, making him the world’s first US-dollar trillionaire.
UK Retail Sales Jump 1.2% in May in Surprise Bright Spot for Europe
British shoppers defied economic gloom with a strong spending surge in May, far exceeding analyst forecasts in a week of thin European trading.