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Bloomberg Markets
The United Arab Emirates said it was cutting all economic ties with Tehran after accusing Iran of firing ballistic missiles at its territory, ramping up regional tensions.
SK Hynix unveiled plans to buy back $29 billion of stock and return more of its profits to shareholders in an effort to calm worries about the durability of AI spending. The memory chipmaker said it will buy back as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them, according to a regulatory filin
MarketWatch
The bond selloff is rattling investors, but here’s why they shouldn’t expect a deeper stock downturn
Fundstrat’s Mark Newton says it’s not time to panic about surging bond yields driving a deeper stock rout. He offers technical evidence to back his case.
Financial Times
Americans who support reckless wars are sometimes also the likeliest to defend Europe
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Financial Times
Searches come hours after ousted defence minister launches a blistering attack on wartime president
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