Chip Stocks Slide After SK Hynix; Trump Demands Hormuz Shipping Fees

SK Hynix triggered a selloff in chip and tech stocks, rattling broader markets as Wall Street also braces for key bank earnings and inflation data. Oil prices jumped following fresh strikes in the Strait of Hormuz region and President Trump's announcement that the US would impose a 20% fee on cargo passing through the strait. Bloomberg's coverage included interviews with Sunrun CEO Mary Powell, General Fusion CEO Greg Twinney and KBW analyst Chris McGratty.

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📈 Business Oil prices rise after Trump threatens to bomb Iranian infrastructure CNBC · 3d ago 🌍 World Ship traffic through Strait of Hormuz plunges after U.S. blockade CNBC · 5d ago 🪖 Military Boxed In Over Hormuz, Trump May Escalate Against Iran Despite No Military Solution The Conversation · 9d ago

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📈 Business Oil prices rise after Trump threatens to bomb Iranian infrastructure CNBC · 3d ago 🌍 World Ship traffic through Strait of Hormuz plunges after U.S. blockade CNBC · 5d ago 🪖 Military Boxed In Over Hormuz, Trump May Escalate Against Iran Despite No Military Solution The Conversation · 9d ago