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Latest market and business coverage published on Gitx.
Latest finance and business coverage
Hong Kong's Hang Seng Index dropped to 24,524 on Friday, losing 1.94% from the previous session as a global rout in semiconductor and AI…
July 17, 2026Apple reclaims title of world’s most valuable companyApple reclaimed its position as the world's most valuable publicly traded company on Thursday, surpassing Nvidia as a broad selloff in semiconductor stocks dragged…
July 17, 2026China ends 11-year tax exemption on lithium batteriesChina announced on Friday that it will impose a consumption tax on lithium-ion batteries starting September 1, 2026, bringing to a close an 11-year…
July 17, 2026VIX surges as chip selloff, U.S.-Iran conflict roil marketsThe VIX jumped to 18.01 at Friday's open, up from a prior close of 15.67, as investors confronted a dual threat of deepening semiconductor…
July 17, 2026FTSE 100 flat as surging oil prices lift energy stocksLondon's FTSE 100 held steady on Friday as gains in energy stocks, buoyed by surging oil prices, offset broader market weakness tied to escalating…
July 17, 2026IMF warns incoming PM Burnham against raising top tax rateThe International Monetary Fund has cautioned Andy Burnham, who is set to become Britain's next prime minister on Monday, against raising the top rate…
July 17, 2026CXMT’s $8.6B IPO sparks China’s worst weekly sell-off in over two yearsChina's stock markets closed sharply lower on Friday, posting their worst weekly performance in more than two years, as fears of a liquidity drain…
July 17, 2026Eni CEO says oil industry is pivoting to Asia, Latin AmericaEni CEO Claudio Descalzi told an Italian parliamentary panel on Thursday that energy markets are failing to account for the scale of geopolitical risks…
July 17, 2026Pound holds weekly gains as Burnham confirmed Labour leaderThe British pound slipped on Friday but remained on course for a third consecutive weekly gain, as markets responded favorably to the orderly transfer…
July 17, 2026Morgan Stanley lifts TSMC target after record Q2 earnings beatMorgan Stanley lifted its price target on Taiwan Semiconductor Manufacturing Company to NT$2,988 from NT$2,888 and maintained an Overweight rating, following the chipmaker's second-quarter…
July 17, 2026Gemini 3.5 Pro delay fuels global AI stock selloffA Bloomberg News report that Alphabet's Google is months behind schedule on delivering its flagship Gemini 3.5 Pro AI model rattled investors on Wednesday,…
July 17, 2026Morgan Stanley warns AI’s biggest bottleneck is now memory, not computeThe AI industry's next bottleneck is not about processing speed — it is about memory. Morgan Stanley published a sweeping report this week arguing…