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SK Hynix ADR Rebounds 4.29% to $158.84 as Its Wild Post-IPO Trading Volatility Persists Into Third Week

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SK Hynix ADR Plunges Nearly 8% to $162 as Wild

Shares of SK Hynix’s American depositary receipts climbed 4.29%, or $6.53, to $158.84 Friday morning, offering a partial rebound after a rough stretch that has seen the newly listed stock swing wildly in both directions since its blockbuster Nasdaq debut earlier this month.

The bounce comes after another turbulent overnight session for the memory chipmaker’s U.S.-listed shares. The stock closed Thursday at $152.31, having fallen sharply in premarket trading by as much as 5.80% at one point, before staging a partial recovery into Friday’s session. The recent swings extend a pattern that has defined SK Hynix’s ADR since it began trading on the Nasdaq, with the stock repeatedly posting double-digit percentage moves, sometimes within the same trading week, as investors continue working out how to value the newly listed security.

SK Hynix made history on July 10 when its ADRs began trading on the Nasdaq following a $26.5 billion offering, the largest first-time share sale ever completed by a foreign company on a U.S. exchange. The ADRs opened at $170 per share, a 14% premium above their $149 offering price, before finishing their first session at $168.01. Demand for the offering reportedly exceeded available supply by more than seven to one, according to Reuters, with roughly $5 billion of the ADRs allocated to three cornerstone investors: Baillie Gifford, Coatue Management and Situational Awareness Partners.

At the opening bell ceremony held in Times Square, SK Hynix Chief Executive Kwak Noh-Jung called the moment a milestone for the company. “Today is a very proud day, and today is a truly historic day for SK Hynix,” Kwak said, adding that high-bandwidth memory, the category of chips in which SK Hynix holds the leading global market position, “stands at the heart of the AI revolution.” SK Group Chairman Chey Tae-won, speaking separately to CNBC, described the listing as “a dream come true.” Proceeds from the offering are expected to fund the purchase of extreme ultraviolet lithography equipment and the construction of new production facilities, according to the company’s regulatory filings.

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Since that debut, the stock’s trading pattern has been anything but steady. The ADRs fell 9.3% the following Monday as a record selloff in South Korea’s own stock market bled into U.S. trading, before staging a dramatic 27% rebound the next day. That rally pushed the ADR’s premium over SK Hynix’s Seoul-listed common shares to more than 50%, according to Bloomberg data, far above the roughly 3% gap at which the ADRs were originally priced relative to the underlying Korean shares.

The volatility continued into this past week. The stock surged 17% on July 14 to a then-record high of $178.66, driven in part by heavy demand for short-term call options and the company’s announcement that it had officially begun mass production of its 12-layer HBM4 memory chips, a next-generation product central to SK Hynix’s position in the AI hardware supply chain. That rally was followed by a steep 9% decline the next session, then Thursday’s further slide to $152.31, before Friday’s partial rebound.

Wall Street’s outlook on the stock, despite the turbulence, remains notably bullish. According to data compiled by Investing.com, the average 12-month price target among covering analysts sits at $342.50, implying potential upside of more than 120% from current trading levels, with both analysts tracking the stock issuing buy recommendations and none recommending a sell. The stock’s 52-week range spans from $151.30 to $194.80, reflecting how much of that range has already been established in just the first two weeks of trading.

SK Hynix’s underlying business fundamentals remain strong even amid the share price volatility. The company holds roughly 33% of the global DRAM market and 21% of the NAND market as of the most recent available data, positioning it as the world’s second-largest supplier in both categories. Analysts covering the stock have pointed to SK Hynix’s long runway for growth as it capitalizes on the still-early artificial intelligence boom through its high-bandwidth memory products, though some have flagged the rapid expansion of Chinese memory manufacturers as a longer-term risk that could eventually pressure industry-wide pricing and returns if capacity growth outpaces demand.

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The broader memory chip sector has experienced a similarly turbulent stretch in recent sessions. Micron Technology has fallen roughly 17% over the trailing month even as the stock traded around $851 as of Friday, while Western Digital shares dropped 7.7% in a single morning session earlier this week to reach $474.24, pressured by a combination of competitive concerns within the sector. Market commentators have described the recent pullback across memory names as a pause rather than a reversal in the broader AI-driven memory investment cycle, with one analysis characterizing the sector as “catching its breath” following an extraordinary run higher earlier in the year.

SK Hynix’s underlying Korean shares are scheduled to receive an additional listing on South Korea’s KOSPI market on July 29, a step expected to further formalize the connection between the company’s dual listings in Seoul and New York. In the meantime, the wide and fluctuating premium between the ADRs and the Korean shares has continued to draw scrutiny from analysts, who have pointed to the relatively limited float of the newly issued ADRs, combined with the launch of several leveraged exchange-traded products tied specifically to the stock, as key factors amplifying the day-to-day price swings investors have witnessed since the listing.

With earnings from the broader chip sector, including recent reports from ASML and Taiwan Semiconductor Manufacturing, continuing to shape sentiment around AI-related hardware spending, traders said they expect SK Hynix’s ADR to remain one of the most closely watched and volatile securities on the Nasdaq in the weeks ahead, as the market continues working to establish a stable trading range for one of the largest and most closely followed foreign listings in recent Wall Street history.

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The S&P 500 Is Lagging. Do You Know How Your Retirement Savings Are Actually Invested?

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The S&P 500 Is Lagging. Do You Know How Your Retirement Savings Are Actually Invested?

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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How to Do an Office Refurbishment Without the Downtime Chaos

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Rumoured increases to employer pension contributions in next month’s Budget are sparking panic among UK businesses, with nearly one in five firms warning they could face insolvency if contribution rates rise.

Most businesses spend weeks choosing the right paint colours, desks and lighting for an office refurb. But when the start date arrives, there’s one question nobody’s answered: where does everything go while the contractors tear the place apart?

That’s usually where things fall apart. The design is exciting. The logistics are not. And it’s the logistics that will determine whether your refurbishment runs smoothly or turns into weeks of lost productivity.

Plan in Phases, Not All at Once

The biggest mistake businesses make is trying to refurbish the whole office in one go. On paper, it sounds faster. In practice, it means every single member of staff is displaced at the same time, sometimes for weeks.

A phased approach is far more manageable. You refurbish one floor or wing at a time while the rest of the building stays operational. Staff rotate into unaffected areas, and contractors get a clear zone without tripping over people trying to answer client emails.

This does require more planning upfront. You’ll need to work closely with your fit-out company and map out a sequence that works for the building layout and the scope of the project. But the alternative is an entire workforce crammed into a coffee shop for a fortnight, and that’s a cost no one budgets for.

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What Happens to All the Furniture and Equipment?

This is the bit that catches people off guard. The contractors are booked, the timeline is agreed, but the office is still full of desks, filing cabinets, monitors and boxes of paperwork. All of it needs to go somewhere before anyone can start work.

Some businesses try to cram everything into a spare meeting room or corridor. It creates a bottleneck and usually ends up in the contractor’s way. Others hire vans and shuttle things to a self-storage unit across town, which eats into the budget and takes staff away from their actual jobs.

A much simpler option is to use the Kiwi mobile storage service, where a team comes directly to your premises, collects your office contents, stores everything securely off-site in 24/7 monitored facilities and delivers it all back once the refurb is done. You don’t need to organise transport or hire a van. It keeps items out of the contractor’s way without asking your office manager to play Tetris with desks in a corridor.

Sort Temporary Working Arrangements Early

Don’t wait until the first day of construction to figure out where people will work. The earlier you plan this, the less disruption your team will feel.

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If your team already has laptops and cloud-based tools, a temporary shift to remote working can be fairly painless. But you’ll still need to think about phone systems, client meetings and access to shared files or printers.

If remote working isn’t realistic for your operation, look into short-term serviced office space. Many flexible workspace providers offer rolling monthly terms, so you won’t be locked into a long lease for somewhere you only need for six weeks.

Tell Your Team Before the Builders Turn Up

A refurbishment affects everyone, not just the project manager. If your staff don’t know what’s happening and when, expect frustration and a noticeable dip in productivity.

Give your team a clear timeline. Tell them which areas will be affected and when, where they’ll be working during each phase, and what access they’ll have to the building. If there’s going to be noise, dust or limited facilities on certain days, say so in advance. People can handle inconvenience if they know it’s coming.

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It also helps to name one person as the go-to for refurbishment queries. That way, questions and complaints go to someone who can actually answer them instead of bouncing around a group chat.

Don’t Leave IT Until Last

Desks and chairs are easy to move. Server racks and cabling are not. If your refurbishment involves any structural changes, rewiring or floor work, get your IT team involved from day one.

You’ll need to make sure your network stays live during the works, or that there’s a clear plan for any downtime and recovery. If staff are moving to a temporary space, they’ll need working Wi-Fi, access to printers and a reliable phone setup. These things don’t arrange themselves, and they’re often the last items on the to-do list.

The Refurb Is the Easy Part

Picking new furniture and a fresh colour scheme is the fun bit. Coordinating the logistics around it is what will actually make or break your timeline. Think about where your furniture and equipment will go, how your team will work through the disruption, and who’s responsible for keeping everything on track. Get those three things right and the refurbishment itself will feel like the simple bit.

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Oscar-Winning Irish Actress Brenda Fricker, Beloved Star of My Left Foot and Home Alone 2, Dies at 81

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US singer-songwriter Taylor Swift and Kansas City Chiefs' tight end Travis Kelce embrace after the Super Bowl on Sunday

Brenda Fricker, the Irish actress who became the first Irish woman to win an Academy Award and endeared herself to generations of moviegoers with roles in “My Left Foot” and “Home Alone 2: Lost in New York,” has died at the age of 81.

Fricker won the Oscar for best supporting actress in 1990 for her portrayal of the on-screen mother of Christy Brown, a real-life Irish man born with cerebral palsy who could control only his left foot, in the film “My Left Foot.” The role was played by Daniel Day-Lewis, who also won an Academy Award for his lead performance that year. Fricker’s win made history, marking the first time an Irish actress had claimed an Academy Award, defeating a field of Hollywood stars that included Julia Roberts and Anjelica Huston.

Fricker’s agent, Phil Belfield, confirmed her death in a statement. “We will never see her like again and the world is lesser for the lack of her,” Belfield said, adding that he had been honored to know, love and work with her, and that she would always hold a place in his heart and in the hearts of film and television fans around the world.

Born in Dublin, Fricker built a decades-long career that spanned television, theater and film, beginning with early roles including a part in Ireland’s first soap opera, “Tolka Row,” in the 1960s, followed by a stint on the British soap “Coronation Street” in 1977 and an appearance in “Licking Hitler,” a television drama written by David Hare, in 1978.

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Fricker gained wide recognition through her role as nurse Megan Roach on the long-running BBC medical drama “Casualty,” appearing in the show’s very first episode when it launched in 1986 and remaining a regular fixture until 1990, with occasional returns to the role in subsequent years through her final appearance in 2010.

Two years after her Oscar win, Fricker took on one of her most widely beloved roles, playing the homeless “pigeon lady” who befriends Macaulay Culkin’s character Kevin McCallister in New York’s Central Park in the 1992 holiday comedy “Home Alone 2: Lost in New York.” The role introduced her to an entirely new generation of audiences beyond those familiar with her earlier dramatic work.

Fricker’s additional film credits included the 1993 comedy “So I Married an Axe Murderer,” the 1994 family film “Angels in the Outfield,” the 1996 legal drama “A Time to Kill,” and the 2003 biographical film “Veronica Guerin,” in which she played the mother of the murdered Irish journalist at the center of the story.

Despite her landmark Oscar win, Fricker later reflected that the honor may have ultimately worked against her career rather than propelling it forward. “What did happen was the old curse of the Oscars, as they call it,” she told The Times in 2024, explaining that the accolade led to her being typecast and passed over for a number of roles, including in theater. She was characteristically wry about the financial realities of the honor as well, joking, “So there’s a lot that’s not great about an Oscar. And you don’t get any money. They could give you a few bob with it, at least.”

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Tributes to Fricker poured in from Irish political and cultural figures following news of her death. Ireland’s Tánaiste, or deputy prime minister, Simon Harris, said he was deeply saddened by the loss of what he called a national treasure. He described her as a consummate performer who brought depth and humanity to every role she undertook, calling her one of the greatest exports Ireland has ever produced and an ambassador for Irish talent on the world stage, adding that the country would never see her like again.

The United States ambassador to Ireland, Edward Walsh, also paid tribute to Fricker, describing her as a giant of Irish film and praising her unforgettable performance in “My Left Foot.” Writing on the social media platform X, Walsh said her work carried Ireland’s stories to audiences around the world and inspired generations on both sides of the Atlantic, extending his condolences to her family, friends and all who loved her.

Earlier this year, Dublin’s Lord Mayor, Councillor Ray McAdam, had proposed that Fricker receive the freedom of the city, describing her as one of Dublin’s most distinguished cultural figures. He said her work was marked by honesty, depth and a rare ability to bring warmth and toughness in the same breath, adding that her performances had helped tell Irish stories and become part of family life across generations.

In a memoir published last year, Fricker offered a candid account of a difficult upbringing, describing an unstable childhood in which she experienced abuse at home and was groomed at age eight by a man who gave her elocution lessons. She also wrote about being seriously injured in a bicycle accident at age 14 that left her hospitalized for two years, and about surviving sexual assault as a teenager and again later in her career. Despite those hardships, she recalled holding onto some fond memories of her youth, saying that in the era she grew up in, young people could be wild, and that she looked back on those days with a kind of gratitude. Reflecting on the broader arc of her life and career to The Times, she said the path she had taken was never something she had calculated or planned, describing it instead as the product of luck and happy accidents along the way.

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Fricker’s death adds to a string of recent losses in the entertainment industry, following closely on the heels of tributes paid to other notable performers in recent weeks. Her legacy, built across nearly five decades of work spanning Irish theater, British television and Hollywood film, is expected to be remembered both for her groundbreaking Oscar win and for the warmth she brought to some of the most memorable supporting roles in modern cinema.

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Costco adds $6.99 chicken strips to food court menu

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Costco adds $6.99 chicken strips to food court menu

Costco shoppers have a new reason to linger after loading their carts with bulk paper towels and oversized snack packs: The retailer has added chicken strips to its famously affordable food court menu.

The new offering includes five large, breaded chicken breast strips and a container of dipping sauce for $6.99. The combo clocks in at 1,640 calories.

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After appearing in select test markets earlier this year, the strips are now being reported at Costco warehouses across the country.

WEALTHY AMERICANS CHOOSE ONE GROCERY STORE CHAIN OVER RIVALS, SURVEY FINDS

Chicken strip are seen in Costco's food court

The food court at Costco as it opens in Pensacola on June 25, 2026. (© Gregg Pachkowski/Pensacola News Journal / USA TODAY NETWORK via Imagn Images / IMAGN)

The chicken strips join a food court lineup best known for its $1.50 hot dog and soda combo, oversized pizza slices and selection of sandwiches and desserts. 

At nearly $7, the strips are more expensive than Costco’s signature hot dog deal. The orange-colored dipping sauce has drawn nearly as much attention as the chicken itself. 

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Reviewers have compared its appearance to sauces served at popular chicken chains, though its flavor has been described as closer to a tangy or zesty honey mustard.

“Costco just dropped new chicken strips!!! Someone check on @chickfila; if there was a @costco drive-through, it would be over,” Costco food blogger Lucas Gomes, @therealkirklandking, shared in an Instagram reel. “This sauce does not taste like Chick-fil-A sauce. I don’t know what this mystery sauce is, but it’s good.”

Food court at Costco

The food court at Costco as it opens in Pensacola on June 25, 2026. (© Gregg Pachkowski/Pensacola News Journal / USA TODAY NETWORK via Imagn Images / IMAGN)

COSTCO SAYS YOUR NEXT CHECKOUT COULD TAKE UNDER 10 SECONDS THANKS TO NEW AUTOMATED PAY STATIONS

As with many changes to Costco’s closely watched food court, the reaction has been mixed. Some shoppers have praised the size of the strips and called the meal a strong value. Others have criticized the chicken as salty, dry or too heavily breaded.

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Costco has made several notable menu changes in recent years, including replacing its churro with a large chocolate chip cookie and introducing new sandwich options.

Costco shoppers eating free samples

Costco shoppers scramble for free sample of Phillips Foods Lobster Meat during the grand opening of a new store in North Port, Florida. (© Mike Lang / Sarasota Herald-Tribune / USA TODAY NETWORK / USA TODAY NETWORK via Imagn Images / IMAGN)

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FOX Business reached out to Costco for comment.

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Terveystalo Oyj (TTALF) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Juuso Pajunen
Chief Financial Officer

Good morning, all. My name is Juuso Pajunen. I will be having today a dual role as the host of the Terveystalo half year results presentation and as a CFO at a later stage. But let’s now give the word to Ville Iho, President and CEO of Terveystalo, and let’s start the webcast for the half year results. Ville, please?

Ville Iho
President & CEO

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Thank you, Juuso, and good morning from sunny Helsinki. Let’s start recapping Terveystalo’s second quarter. Of course, it was a busy quarter for Terveystalo. We, of course, released multiple big things, not the least, the Silmaasema acquisition, our new financial targets and our new strategy. On the business side, it was still a challenging quarter. The market conditions continue to be abnormally negative, and that has been reflecting into our revenue line and with that one also to profitability to our numbers.

We made adjustments according to the lower volumes. And given that one, given the actions we took, we can be, of course, pleased with the customer service results, customer experience numbers are all-time high as well as medical quality key indicator PEI. But revenue line, obviously negative as well as adjusted EBIT EPS and also net debt-to-EBITDA leverage ratio went slightly up. Double-clicking on those negative market drivers.

First of all, public purchases from private health care, which are not even seen in this Slide, were still almost nonexistent. So health care counties have insourced quite a bit of their activities, and they are still reorganizing the cooperation models with the private health care

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EQT AB (publ) (EQBBF) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript