Key Points
- Chip and tech stocks across Asia opened sharply lower Wednesday morning, following a steep plunge in Nvidia’s share price in the U.S. overnight.
Asian chip stocks fall after Nvidia sell-off on Wall Street overnight
Finance
When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says
FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source
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Finance
Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more
Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse […]
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Finance
Swiss government proposes tough new capital rules in major blow to UBS
Key Points The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital. The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks. The Swiss National Bank said it supported the measures […]
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