Business

Shanghai Composite Falls Below 4,000 Points: Tech Sector Rotation Reshapes A-Share Market

The Shanghai Composite Index plunged below 4,000 points as capital rotated out of high-valuation tech stocks into defensive sectors.

Goldman Sachs Predicts No Fed Rate Cuts in 2026: What It Means for Investors

Goldman Sachs forecasts the Federal Reserve will hold interest rates steady through all of 2026, reshaping investment strategies across bonds, equities, and real estate.

China's Individual Income Tax Surges 12% in First Five Months: Capital Markets Drive Half the Growth

China's individual income tax grew 12% in the first five months of 2026, with nearly half the incremental revenue from capital market income.

OpenAI Secretly Files S-1 IPO Application, Eyes Trillion-Dollar Valuation

On June 8, 2026, an anonymous SEC filing appeared in public view — OpenAI had secretly submitted its S-1 draft for an initial public offering. This wasn't a leak but rather a provision under the 2012 JOBS Act, which allows private technology companies to secretly file S-1 documents up to 120 days be

Apple Intelligence Faces Skeptical Market Response as Investors Question AI Competitiveness

Less than 48 hours after WWDC 2026 concluded, Apple's stock price and investor confidence took a heavy hit. Despite Tim Cook's keynote presentation featuring Apple Intelligence 2.0, a brand-new Siri, and a suite of AI-driven new features, the capital market did not respond with the enthusiasm Apple

SK Hynix Plans HBM4 Memory Chip Production Expansion as Early as August

The Korean newspaper Chosun Ilbo reported on June 9 that SK Hynix has notified its internal suppliers of plans to begin expanding HBM4 (High Bandwidth Memory 4) memory chip mass production as early as August. According to sources familiar with the situation, SK Hynix's N2 factory in Pyeongtaek, Sout

Iran-Hormuz Strait Tensions Escalate, Global Energy Markets Shaken

Global Supply Chain 2026: Diversification Accelerates

After pandemic disruptions and geopolitical tensions, global supply chain restructuring has entered a substantive implementation phase in 2026. According to McKinsey Global Institute's latest report, over 78% of multinational enterprises have launched supply chain diversification plans, with Southea

Gold Price Breaks Through $4,240: Safe-Haven Demand Continues to Rise

On June 12, 2026, the international precious metals market showed a significant upward trend, with spot gold prices breaking through multiple key levels, climbing from $4,120/oz to $4,240/oz, a daily gain of 0.79%, reaching a new all-time high. Analysts point out that geopolitical uncertainty, conti

Japan-Italy Semiconductor Cooperation: Reducing Dependence on Asian Chips

On June 12, 2026, Japan's Ministry of Economy, Trade and Industry and Italy's Ministry of Economic Development signed a semiconductor strategic cooperation framework agreement in Rome. The two sides plan to jointly invest 12 billion euros over the next five years to build advanced wafer fabs in Kuma

Space Economy Continues to Expand: Commercial Spaceflight Enters a Golden Age

With SpaceX's successful IPO and continued cost reductions, the global space economy surpassed $1.5 trillion for the first time in 2026. Commercial launch frequencies have tripled compared to five years ago, satellite internet users exceed 120 million, and space tourism has entered routine operation

US-Iran Ceasefire Agreement Reached: Global Markets See Biggest Daily Gain of the Year

After weeks of tense confrontation, the United States and Iran reached a temporary ceasefire agreement on June 12, with both sides agreeing to suspend military operations for 90 days and begin diplomatic negotiations. Following the news, global stock markets surged, with the S&P 500 rising 3.2% to m