South Korean chipmakers Samsung and SK Hynix collectively posted record profits of $59.7 billion in the March 2026 quarter, surpassing India Inc’s aggregate profit for any previous quarter. This surge is driven by booming AI capital expenditure, with memory chips being central to the technology.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend