Author: Jordan

The semiconductor industry just had the kind of day that makes portfolio managers reach for something stronger than coffee. US-listed chipmakers shed roughly $1.3 trillion in market value on June 5, dragging global equity markets down with them in a selloff that rippled from Wall Street to Tokyo to Frankfurt. The PHLX Semiconductor Index, the benchmark tracker for chip stocks, cratered 10.3%. That’s the index’s largest single-day decline since March 2020, when the pandemic was busy rewriting everyone’s assumptions about how the world works. What triggered the meltdown Two forces collided to create the perfect storm. First, Broadcom issued forward…

Share Tweet Share Share Email New Delhi: Gold prices could face further pressure in the coming weeks as a stronger US dollar, rising Treasury yields and expectations of prolonged monetary tightening in the United States continue to weigh on investor sentiment, the World Gold Council (WGC) has said. According to the WGC, the London Bullion Market Association (LBMA) Gold Price PM declined 0.8 per cent last week to around $4,151 per ounce, extending its recent losses and leaving the precious metal nearly 5 per cent lower so far this year. The council said investors are increasingly pricing in a “higher-for-longer”…

New Delhi: The real estate and mortgage platform SquareYards has raised Rs 900 crore ($95 million) in a mix of debt and equity, which was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co. The funding is followed by $35 million (Rs 313 crore) in November 2025. The new round has turned SquareYards into a unicorn or startups with $1 billion, a boost for the company preparing for a Rs 2,000 crore Initial Public Offering (IPO).Read more: National developers increase share in NCR real estate marketSources said that the company is currently in talks…

The Central Bank of Egypt (CBE) will issue EGP 4.8 billion ($154 million) in treasury bonds on June 23, 2026, with a coupon rate of 23.068%. The three-year bonds will pay coupons on a semi-annual basis and are set to mature on June 2, 2029. The offering forms part of the government’s regular domestic borrowing programme to finance budget needs through local currency debt instruments.(Writing by Ahmad Mousa; editing by Daniel Luiz)Ahmad.mousa@lseg.com Source link

Market Harborough Building Society has announced mortgage rate reductions of up to 0.23%, including those for expats and HNW individuals.  From today, fixed rates across its residential and buy-to-let mortgages have reduced by 0.23% across two-year products, 0.21% for three-year fixes, and 0.19% across five-year rates. Rates now start from 5.58% fixed and 5.05% discounted for residential tier one cases with a £1,495 product fee. Buy-to-let rates start from 5.99% fixed and 5.46% discounted for tier one cases, including top-slicing and lending into retirement as standard.  The Society currently has a ‘discount now, fix later’ offer in place.…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

Prevention Currently, the intense pressure on health and care services makes investing in preventative measures a significant challenge. Analysis by the Future Generations Commissioner of the 2025-26 draft budget highlighted that about 15% of the budget is focused on actions with a preventative dimension, with less than 10% going towards actions that provide enough evidence to contribute to primary prevention, the highest level of prevention. This disparity between overall preventative spending and spending on evidence-based primary prevention highlights a pressing need to improve resource allocation to maximise the long-term health and wellbeing of the population. We need further investment in prevention…

Following the launch of its four lifestyle‑based Packs, ING Belgium takes the next step in reshaping everyday banking with the introduction of Visa Infinite. Available within the ING Max Pack, this makes ING Belgium the first bank in Belgium to offer this credit card*. The move follows the launch of its lifestyle‑based Packs and further broadens the range of services available within that structure. An integrated approach to added servicesIn an increasingly complex and fast-moving world, consumers are looking for financial tools that simplify everyday experiences while offering greater confidence when they spend, travel or make high value purchases. Visa…

Citadel: the hedge fund that became an energy giant Financial Times Source link

Under the revised criteria, employed applicants will now only need to provide their latest payslip rather than two months’ payslips. Darlington Building Society has removed several income verification requirements across its residential and buy-to-let (BTL) mortgage ranges following feedback from brokers seeking a more streamlined application process. The changes, which take effect immediately, were designed to reduce packaging requirements, improve turnaround times and lower the administrative burden for both brokers and borrowers. Under the revised criteria, employed applicants will now only need to provide their latest payslip rather than two months’ payslips. The society has also removed the requirement for…