US Politics & Business News
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South Korean chipmaker SK Hynix is targeting a $28 billion Nasdaq listing through American depositary receipts, capitalizing on surging global demand for artificial intelligence memory chips. The offering would rank as the second-largest share sale in history, trailing only SpaceX’s roughly $85.7 billion initial public offering completed last month. At $28 billion, the SK Hynix…
Andy Burnham’s looming premiership is casting a shadow over the UK housing market just as it begins to stabilize following shocks from the Middle East conflict. The Royal Institution of Chartered Surveyors reported that agents seeing a drop in buyer enquiries still significantly outnumbered those seeing an increase in June. The gap between pessimists and…
Investors are placing their most bullish bets on the U.S. dollar in nearly ten years, reflecting a significant shift in market sentiment toward the greenback. The crowded trade is drawing attention from analysts and traders who see a confluence of factors pushing the dollar higher in 2026. Rising oil prices, driven in part by renewed…
Quantum Computing Inc. (QUBT), also known as QCi, is pushing forward with a series of strategic moves aimed at expanding its manufacturing footprint and technology portfolio. The company acquired NHanced Semiconductors, Inc. for a combination of cash and QCi stock valued at $73.1 million, subject to customary adjustments. The deal also includes the potential for…
RTX’s (NYSE: RTX) Collins Aerospace has officially declared its Engineering Center of Excellence in Wolverhampton, UK, fully operational as of July 9, 2026. The facility is purpose-built to advance the development of electric thrust reverser actuation systems, branded by Collins as elecTRAS, for next-generation commercial aircraft. At the heart of the center is a modular…
U.S. crude oil prices surged as high as $76 per barrel after President Donald Trump declared the Iran war ceasefire effectively over, rattling global markets. Oil closed up 4.4% at $73.52 per barrel, pushing its two-day gain to more than 7% and raising alarms across financial markets about sustained energy price inflation. The spike in…
Levi Strauss is pushing into new product categories and higher price points as it works to capture a larger share of the premium apparel market. The San Francisco-based company has expanded beyond its core denim offerings into dresses, skirts, tops, button-down shirts, and sweaters, broadening its appeal across categories. For the second quarter ended May…
China’s consumer price growth came in weaker than expected in June, while wholesale inflation accelerated, with elevated energy costs continuing to weigh on domestic demand. Consumer prices rose 1% in June from a year ago, missing economists’ estimates of 1.1% growth in a Reuters poll, and slowing from 1.2% recorded in May. The data was…
Heavy short interest in both Wendy’s (WEN) and AST SpaceMobile (ASTS) has drawn attention from traders who believe the bears are badly miscalculating the upside in each stock. Short squeezes occur when heavily shorted stocks surge, forcing bearish traders to buy shares to cover their positions, which accelerates price gains further. Wendy’s (WEN) has become…
Microsoft (MSFT) has accelerated its Quantum Safe Program, targeting the transition of critical products and services to post-quantum cryptography by 2029. The move signals a rapidly emerging investment theme suggesting quantum computing’s first major commercial opportunity may lie in securing infrastructure against future quantum-enabled cyber threats. Microsoft announced the acceleration on June 30, 2026, citing…