South Korean FX authorities reportedly bought $20 billion in repatriated funds from SK Hynix, according to a source. This intervention aims to manage currency market impacts.
MongoDB's results beat analysts' consensus estimates by a wide margin, but the stock fell. The article discusses possible reasons for the market's reaction.
The US is urging G20 members to address trade imbalances, with a particular focus on China. Divisions over subsidies, rare earth export curbs, and Russia are complicating efforts to reach a joint communique.
International Paper shares traded at a level where the dividend yield crossed 5%, based on an annualized quarterly dividend of $1.85. The stock changed hands as low as $36.34 on the day.
Micron's earnings have risen sharply because of memory chip shortages, but the stock has fallen 23% from its highs. Commentary from Nvidia's CFO is being examined for signals about a potential turnaround.
Palantir's U.S. commercial revenue grew 149% year over year to $764 million in the second quarter, while U.S. government revenue grew 90% to $809 million. The article predicts commercial revenue will surpass government revenue before 2027.