According to filings with the U.S. Securities and Exchange Commission, Sean Lie, an executive at artificial intelligence company Cerebras (CBRS.US), plans to sell company shares worth $153.19 million.

According to the Hankyoreh, SK Hynix is seeking to build a memory chip manufacturing plant in Miyagi Prefecture, Japan. This would mark a major investment as the first time a Korean chip maker establishes a production base in Japan. The investment scale could reach several trillions of Korean won. Industry sources revealed that SK Group Chairman Chey Tae-won recently visited the region. SK Hynix responded that any location offering the necessary infrastructure could become a candidate site, but

Spot platinum has just surpassed the $1,840.00/oz mark, and is now quoted at $1,840.03/oz, up 0.36% on the day; Nymex platinum futures are last quoted at $1,842.1/oz, up 0.16% on the day.

Due to rising oil prices and increases in U.S. benchmark Treasury yields, investors are betting that U.S. Treasury measures to curb borrowing costs may only provide temporary relief. Asian stock markets are expected to follow U.S. equities lower. Even though the U.S. Treasury may expand its long-term bond buyback program and is about to introduce a new fiscal plan, the yield on 30-year U.S. Treasuries continues to rise. The S&P 500 closed down 0.9%, with Walmart experiencing its largest share p

Market news: Anthropic plans to include Citi as a lead underwriter in its major IPO.