AMKOR ($AMKR) just dropped their Q2 numbers and theyโre looking strong ๐
โข Revenue hit $1.90B, up 26% from last yearโnew Q2 record
โข EPS $0.70 vs $0.22
โข Gross margin improved to 16.8%
โข Operating income doubled to $200M
โข EBITDA $400M
Q3 guidance:
โข Revenue
Big news: China now makes up around 28% of global manufacturing, more than any other country or economic bloc. That's tripled since 2004. For comparison, the US is at about 17%, down from 22% back then. The Eurozone sits at 15%, and Japan at only 5%. China's become a huge part o
๐จ Breaking:
๐บ๐ธ๐ฎ๐ท Iran's foreign ministry just shut down talks with the U.S.:
"We are not negotiating with the United States right now."
Only using mediators to communicate.
Not great for markets...
So about that "ceasefire"...
Under the War Powers Resolution, a president can deploy US forces for 60 days of combat, plus a 30-day withdrawal, without Congress saying yes.
A temporary pause just restarts the countdownโwhile troops reposition on the ground.
BREAKING: US investment-grade corporate bond funds posted -$7.1 billion in outflows last week, their largest weekly withdrawal since the 2020 pandemic.
On Monday alone, these funds recorded -$8.2 billion in outflows, the biggest daily outflow in over 6 years.
By comparison