QtrendsQtrends

Top Global Media in One Place
English 中文

Biz Snapshot

Home
Time:2026-05-27T02:08:59Z

Bond yields are rising as stocks hover near record highs, with the S&P 500 hitting new closes driven by a tech rally led by Micron, which recently crossed $1 trillion in market cap. Ferrari unveiled its first electric car at a $640,000 price point, sparking both market buzz and a share price decline. BP abruptly ousted its chairman over misconduct allegations, sending its stock lower. A potential quantum computing IPO is also drawing attention in the markets.

Bond yield surge tests stock market rally

Bond yield surge tests stock market rallyU.S. stocks are near record highs but face pressure from rising bond yields, which are complicating the Federal Reserve's policy outlook. In Japan, higher bond yields are challenging the Bank of Japan's plans to taper its stimulus program. Meanwhile, Japanese insurers like Nippon Life are posting record profits on the back of the yield increases.

Sources:
Near record highs, stocks face fresh test from bond yields (CNN)
Rising bond yields put pressure on BOJ's taper plan (Nikkei Asia)
Nippon Life and peers rack up record profits on rising bond yields (Nikkei Asia)

S&P 500 sets new record close on tech rally

S&P 500 sets new record close on tech rallyThe S&P 500 notched another record close as technology stocks surged, led by gains from Micron. Index futures remain steady, suggesting further upside. Market analysts are discussing the possibility of a 'melt-up' scenario that could push the S&P 500 to 8,000 or beyond.

Sources:
Stock futures are little changed after the S&P 500 closes at another record: Live updates (CNBC)
S&P 500 jumps to a new record close as Micron shares lead tech rally: Live updates (CNBC)
How a stock market ‘melt-up’ could carry the S&P 500 to 8,000 or beyond (MarketWatch)

Micron joins trillion-dollar club, quantum IPO looms

Micron joins trillion-dollar club, quantum IPO loomsMicron Technology has crossed the $1 trillion market capitalization threshold, becoming the latest company to join the elite club. UBS issued an aggressive price target on the stock, boosting investor confidence. Separately, a quantum computing startup is reportedly preparing an IPO that could value the company at nearly $13 billion.

Sources:
Another surge for Micron, Wall Street’s latest $1 trillion company, sends US stocks to records (AP News)
Micron’s stock reaches a major milestone as UBS slaps on an out-of-sight price target (MarketWatch)
This new quantum stock could debut with a valuation of nearly $13 billion (MarketWatch)

Ferrari unveils first all-electric car at $640,000

Ferrari unveils first all-electric car at $640,000Ferrari has unveiled its first fully electric vehicle, the Luce, priced at $640,000. Despite the historic launch, Ferrari's share price fell as investors weighed the challenges of entering the luxury EV market. The car faces a critical test in convincing purists and competing with established luxury EV players.

Sources:
Ferrari unveils its first electric car - and it comes with a $640,000 price tag (CNN)
Ferrari shares slump after it unveils first fully electric car (BBC)
Ferrari's new Luce faces luxury EV test (Nikkei Asia)
Ferrari Is Finally Going Electric. Will the Purists Buy It? (NYT)

BP ousts chairman over conduct allegations

BP ousts chairman over conduct allegationsBP has removed its newly appointed chairman over what the board described as 'serious concerns' about his conduct. Reports describe the behavior as 'bullying' and 'overbearing,' leading to an abrupt dismissal. BP's stock declined following the announcement as the oil giant faces governance turmoil.

Sources:
BP ousts chairman over ‘serious concerns’ about his conduct (CNN)
Oil giant BP ousts new chairman over ‘conduct’ and shares slide (AP News)
'Bullying' and 'overbearing' behaviour behind abrupt BP chairman removal (BBC)