KGWV · U.S. MARKET INTELLIGENCE
JD.com reported its first quarterly revenue decline since listing in 2014, sending its shares down 10% in Hong Kong. Second-quarter revenue fell 2.9% to 346.4 billion yuan ($51.4 billion), but still came in slightly above the average analyst estimate. The reve…
The yield awarded on a $25 billion auction of 30-year U.S. Treasuries rose to 5.216% on Thursday, the highest level since 2001. The result came despite falling oil prices supporting Treasuries in the secondary market. Demand at the auction was adequate, while…
Market expectations for a Federal Reserve rate hike have continued to cool after the Fed released unexpectedly weak nonfarm payrolls and relatively mild inflation data over the past several days. At the same time, the divide between hawkish and dovish official…
Silver Lake, the private-equity investment firm, is in talks to acquire enterprise-software company Workday, according to people familiar with the matter. The report sent Workday shares up nearly 18% Thursday, their biggest one-day gain since 2016. The stock w…
LG Innotek, an electronics-components maker under South Korea’s LG Group, said in a first-half report released Friday in South Korea that its revenue for the first half of the year reached a record high for the same period. From January through June, revenue f…
U.S. flash-memory maker Sandisk issued a long-term outlook that far exceeded market expectations. At its investor day on Aug. 13, Sandisk unveiled a growth strategy and long-term financial model extending through fiscal 2030. The company expects revenue to gro…
Wall Street is turning its attention to the “red, white and blue” as major banks announce plans to direct large amounts of capital toward areas tied to U.S. economic security. Bank of America on Wednesday became the latest major bank to join the effort. Throug…
SK Hynix Chairman Choi Tae-won said the memory industry could face its worst shortage ever next year, as AI customers seek nearly twice their previous supply volumes. Choi spoke to the media Thursday at SK Hynix’s South Korean headquarters. He said demand from…
JPMorgan upgraded FOXA's rating from Neutral to Overweight and raised its price target from $70 to $82.
Goldman Sachs’ July 2026 tracking report on China’s education sector says TAL’s learning-tablet gross merchandise value rose 34% year over year in July. Average selling price climbed to 5,400 yuan, up 57% year over year and 34% from the previous month, mainly…