Business
Beijing is looking at curbing overseas access to China's top AI models, sources say
Chinese officials are consulting with tech firms like Alibaba and ByteDance regarding potential policies that could classify advanced AI as national assets. These measures may introduce security reviews and export controls on future proprietary models.
AI chip stocks tumble despite Samsung's record profit surge
Samsung shares slumped following record quarterly earnings, sparking a wider sell-off across global AI-related semiconductor and memory chip stocks.
SpaceX shares fall as company makes Nasdaq 100 debut
SpaceX joined the Nasdaq-100 index 15 trading days after its IPO, triggering market volatility and projected portfolio rebalancing by index funds.
SK Hynix U.S. ADS offering oversubscribed multiple times ahead of pricing
South Korean memory giant SK Hynix is poised for a major Nasdaq debut as its share offering draws strong institutional interest despite recent sector volatility.
US trade deficit widens to $77.6 billion as capital goods imports surge
A spike in capital goods imports and a decline in outbound shipments pushed the U.S. trade deficit to its highest level since March 2025. Economists warn the widening gap could act as a significant drag on second-quarter GDP growth.
SpaceX joins Nasdaq-100 index in move triggering 4 billion in fund buying
SpaceX has entered the Nasdaq-100 after 15 trading days, forcing billions in passive fund inflows that analysts say could sharpen share price volatility.
AI stocks resume their drops and drag markets lower worldwide
Global markets experienced a downturn on July 7, 2026, as sharp declines in AI-linked stocks and geopolitical tensions in the Middle East pressured indices. Major U.S. and international exchanges retreated amid investor concerns over tech valuations and rising 10-year Treasury yields.
Samsung reports 19‑fold Q2 profit jump as shares fall 7% on AI doubts
Samsung Electronics announced record-breaking quarterly profits driven by demand for memory chips, but shares dropped as analysts pointed to investor skepticism.
Meta says four states want $1.4 trillion in penalties at August youth-safety trial
Four US states are seeking $1.4 trillion in penalties in an upcoming trial examining allegations that Meta designed its platforms to be addictive to minors. The company has dismissed the proposed sum as legally unprecedented while maintaining that its previous public statements were not misleading.
July 1 financial changes impact superannuation, taxes and minimum wages
Australia has introduced a higher minimum wage, new payday superannuation rules, and tax rate changes as part of the 2026-27 financial year reforms.
Bryan Johnson reveals autoimmune gastritis diagnosis in quest to defy aging
Anti-aging advocate Bryan Johnson has revealed a diagnosis of autoimmune gastritis, marking a new challenge for his data-driven health project, Blueprint.
Equinor to acquire BP’s stake in Bay du Nord offshore oil project
Equinor has acquired BP's remaining interest in the Bay du Nord deep-water oil project, gaining full control as it prepares for a final investment decision in early 2027. The transaction is part of BP's strategy to simplify its portfolio while Equinor continues project development.
Xbox to cut 3,200 jobs in major business restructure
Microsoft is reducing its Xbox workforce by 20% and divesting several studios to address profit margin challenges and simplify organizational complexity.
AI stocks rebound lifts S&P 500 as Broadcom gains on Apple deal
Broadcom shares climbed following a new agreement to provide silicon products to Apple, boosting the S&P 500. Meanwhile, the administration introduced new investment accounts for children under 18.
Bryan Johnson diagnosed with incurable autoimmune gastritis
Bryan Johnson has been diagnosed with autoimmune gastritis after years of unexplained low iron levels. He intends to research experimental therapies to treat the condition.
Delta flight hit by firework lands safely at Chicago Midway
A Delta flight from Atlanta safely landed at Chicago Midway after a potential mid-air strike by an unknown object caused minor paint damage to the aircraft.
Hon Hai reports surging quarterly sales driven by strong AI demand
The electronics manufacturer’s quarterly results underscore significant capital expenditure in AI infrastructure. Hon Hai continues to play a key role in the global supply chain by assembling servers for clients like Nvidia.
S&P 500 and Nasdaq futures rise as Wall Street extends rally
Wall Street futures climbed on July 6, 2026, following a rally that pushed the Dow to all-time highs as investors moved capital from semiconductors to other sectors.
The economy is strong yet consumer sentiment is rock bottom
While traditional economic indicators suggest stability, households are struggling with record debt levels and inflation, leading to public pessimism.
Kospi jumps 2.9% as tech rally lifts Asian stocks
The Kospi index rose on Monday as investors shifted focus toward semiconductor manufacturers, bolstered by positive sentiment surrounding chipmaker sales.