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ByteDance in Talks with Banks for $20B Offshore Loan, Bloomberg Reports Major Funding Move
📅 in about 5 hours

ByteDance in Talks with Banks for $20B Offshore Loan, Bloomberg Reports Major Funding Move

ByteDance, the parent company of TikTok, is reportedly exploring one of the biggest funding deals in the global technology sector this year. The Chinese tech giant is in early discussions with lenders for a $20 billion offshore loan, a move that could significantly strengthen its financial position as competition in artificial intelligence intensifies. The development…

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Meta Cuts 8,000 Jobs After Record $56.3B Quarter and $921M Executive Options
📅 in about 5 hours

Meta Cuts 8,000 Jobs After Record $56.3B Quarter and $921M Executive Options

Meta entered 2026 with strong momentum. The company reported a record $56.3 billion in quarterly revenue and billions in profit, showing the strength of its advertising business. Yet, in a surprising move, Meta announced plans to cut around 8,000 jobs while increasing its focus on artificial intelligence. The decision has drawn even more attention because…

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Samsung Electronics Shares Surge 6% After 90 Trillion Won ($58.6B) Buyback Plan Breaks
📅 in about 3 hours

Samsung Electronics Shares Surge 6% After 90 Trillion Won ($58.6B) Buyback Plan Breaks

Samsung Electronics triggered a market-wide rebound this morning. Yonhap News Agency reported on June 24, 2026, that Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion), sending shares up more than 6% immediately. The buyback is planned in phases over three years, with purchases beginning as early as next month following…

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New Zealand shares -0.26% S&P/NZX 50 Index, Nvidia -4%, AMD -6% Nasdaq Composite -2%, S&P 500 -1%
📅 in about 1 hour

New Zealand shares -0.26% S&P/NZX 50 Index, Nvidia -4%, AMD -6% Nasdaq Composite -2%, S&P 500 -1%

Global markets faced fresh pressure on June 24, 2026, as a sharp selloff in semiconductor stocks rattled investor sentiment. NVIDIA fell around 4%, while AMD dropped nearly 6%, dragging the Nasdaq Composite down about 2% and the S&P 500 lower by 1%.  The weakness also spread to Asia, with New Zealand’s S&P/NZX 50 Index slipping…

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Tech Stocks Rebound: Samsung Electronics Jumps 9% as SK Hynix Gains 4% After Sharp Sell-Off
📅 2 hours ago

Tech Stocks Rebound: Samsung Electronics Jumps 9% as SK Hynix Gains 4% After Sharp Sell-Off

Tech Stocks across Asia bounced back sharply on Monday after investors rushed back into semiconductor shares following one of the steepest market declines seen this month. The recovery was led by South Korean chipmakers Samsung Electronics and SK Hynix, both of which posted strong gains as investors viewed the previous session’s sell-off as excessive. The…

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Stock Market News: Nasdaq 100 (NQ=F) -2.8%, S&P 500 (ES=F) -1.4%, Dow Jones (YM=F) -0.5% Amid Chip Sell-Off
📅 17 hours ago

Stock Market News: Nasdaq 100 (NQ=F) -2.8%, S&P 500 (ES=F) -1.4%, Dow Jones (YM=F) -0.5% Amid Chip Sell-Off

U.S. stock market futures fell sharply on June 23, 2026, as a broad sell-off in semiconductor shares rattled Wall Street. Nasdaq 100 futures dropped 2.8%, while S&P 500 and Dow Jones futures also moved lower. Investors are growing cautious over AI-related valuations and the outlook for interest rates. The sudden decline has raised fresh concerns…

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Barclays Raises S&P 500 Target to 7,800 for 2026 and 8,800 for 2027 on Stronger Earnings Outlook
📅 19 hours ago

Barclays Raises S&P 500 Target to 7,800 for 2026 and 8,800 for 2027 on Stronger Earnings Outlook

Barclays raised its S&P 500 year-end 2026 target to 7,800 on June 23, 2026. Head of US equity strategy Venu Krishna lifted the firm’s 2026 S&P 500 target from 7,650, driven by an improving earnings outlook. The index is trading at $7,456.90 today, below its all-time high of $7,616.20 reached on June 2, 2026. The…

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News Article
📅 21 hours ago

ASX 200 Closes Down 0.33%, Iluka Resources Plunges 10.7% While Temple & Webster Gains 4.2%

The ASX 200 ended June 23, 2026, at 8,800 points, down 0.33% on the session. Tech, mining, and energy sectors led the losses, while logistics, industrial services, and healthcare offered modest support. Investors are also awaiting key US inflation data this week for clues on the Fed’s policy path, while locally, attention is turning to…

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Syrma SGS Technology (NSE: SYRMA) Surges 3.95% After Signing Kaga Electronics JV to Build Advanced EMS Facility in India
📅 21 hours ago

Syrma SGS Technology (NSE: SYRMA) Surges 3.95% After Signing Kaga Electronics JV to Build Advanced EMS Facility in India

Syrma SGS Technology shares jumped 3.95% to ₹1,388.05 on the NSE on June 23, 2026, following a strategically significant announcement. The Chennai-based electronics manufacturing services (EMS) company executed a joint venture agreement with Kaga Electronics India Private Limited to establish, develop, and operate a technologically advanced EMS manufacturing facility in India, with a dedicated focus…

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