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Crypto Breaking News

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Bloomberg

Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80

Daan Struyven, co-head of global commodities research at Goldman Sachs, explains the three reasons why oil prices are coming down so quickly following the US and Iran reaching an interim peace agreement and says analysts and investors "underappreciated the flexibility" in global oil markets during the conflict.

Read more: Goldman Sachs Cuts Fourth-Quarter Crude Forecast to $80
Bloomberg

SK Hynix Seeks to Raise $29 Billion in US Listing to Meet AI Chip Demand

SK Hynix Inc. is planning to raise $29.4 billion (45.45 trillion won) in a landmark US listing and expects trading to start on July 10, according to a regulatory filing on Wednesday. The deal, depending on the exchange rate, could be among the top five share sales of all time. Peter Elstrom reports on Bloomberg Television.

Read more: SK Hynix Seeks to Raise $29 Billion in US Listing to Meet AI Chip Demand
Bloomberg

Ifo Says Germany's Economic Recovery 'Will Take Time'

Ifo President Clemens Fuest discusses the institute's latest survey results which indicated a modest rise in German business confidence for June, easing worries about the knock-on effects of the Iran war on Europe's largest economy. "There's this combination of structural factors and macroeconomic shocks hitting the German economy, meaning it will take time to recover," Fuest tells Bloomberg Television.

Read more: Ifo Says Germany's Economic Recovery 'Will Take Time'
Bloomberg

UBS' Fowler Sees Value in US Cyclicals, Pharmaceuticals

UBS Chief European Equity Strategist and Head of Derivates Gerry Fowler discusses the factors behind the tech selloff and where he sees value in markets. "You're going to get volatility this isn't the first time we've seen this," Fowler tells Bloomberg Television. "It's an artifice of market structure that I suspect is not going away."

Read more: UBS' Fowler Sees Value in US Cyclicals, Pharmaceuticals