SK Hynix has shelved plans for a potential U.S. IPO of Solidigm amid market volatility and share price concerns.
SK Hynix shares slide after chipmaker scraps Solidigm IPO plans
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Wealthy Chinese move offshore money to U.S. banks as Beijing’s tax net widens
Bankers and lawyers say Chinese clients' demand for U.S. bank accounts has gathered pace as Beijing tightens the screws on Chinese offshore wealth.
CNBC
Japan core inflation in September surges to its highest this year at 2.1%
Core inflation, which strips out prices of fresh food, was in line with the 2.1% forecast by economists polled by Reuters.
CNBC
SpaceX records $561 million investment gain from stake in Elon Musk's Boring Co.
SpaceX's stake in Boring Co. helped boost its net income in the third quarter.
CNBC
Etsy bans AI-generated recipes and patterns from its online marketplace
Etsy also laid out clearer rules around AI usage on its platform, including barring sellers from creating bot-generated listings without any human involvement.
BBC Business2 outlets
Grid operator says lights will stay on this winter after concerns
The assurance from the National Energy System Operator comes amid concern from its engineers about their ability to ensure adequate supply.
CNBC
Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.