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SpaceX Stock Crashes Below IPO Price as Rinehart’s A$700m Gain Evaporates
SpaceX shares dropped below their US$135 IPO price, erasing US$903 billion in value. Australian billionaire Gina Rinehart’s estimated A$700m profit from the June listing has been wiped out.
Trump Claims China Stole 220M Voter Files in Primetime Election Security Speech
Trump claims China acquired 220 million U.S. voter files in primetime speech. Declassified documents released, but fact-checkers say most information was previously public. Election integrity focus ahead of 2026 midterms.
Wise (LSE: WISE) Reaffirms Full-Year Outlook After Q1 Revenue Jumps 25% to $714 Million
Wise reported strong first-quarter results for fiscal year 2027 on July 16, 2026. Net revenue rose 25% year-over-year to $714.0 million for the quarter ended June 30. Transaction revenue climbed 27% to $540.9 million, driven by rising cross-border volumes. Wise reaffirmed its full-year guidance, targeting revenue growth in the middle of its 15-20% range. Active…
Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval
Zhongji Innolight is nearing final clearance for what could become Hong Kong’s largest listing this year. Bloomberg reported on July 15, 2026, that China’s securities regulator was set to approve the deal. That approval clears the path for a Hong Kong Stock Exchange listing hearing this week. Zhongji Innolight now aims to raise to $7…
SBI Funds Management IPO Closes At 41.73x Subscription; Allotment Date Set For July 17, How To Check Status
SBI Funds Management IPO subscription closed today, July 16, 2026, at 5:00 p.m., recording 41.73 times overall demand. The Qualified Institutional Buyers category led the charge, subscribing 140.11 times its allotted portion. With bidding now complete, investors are turning to the next milestone: allotment, scheduled for Friday, July 17, 2026. The ₹9,812.91 crore issue was…
NSE India to Introduce Nifty India FPI 150 Futures and Options from August 12 After SEBI Approval
On 12 August 2026, the National Stock Exchange (NSE) will begin trading futures and options on the Nifty India FPI 150 Index after receiving approval from the Securities and Exchange Board of India (SEBI). The new contracts give investors another way to hedge market exposure and trade stocks with strong foreign portfolio investor (FPI) ownership….
Trump Delivers Primetime Address on Election Security, Declassifies China Voter Data Claims
Trump delivered a primetime speech on July 16 claiming China stole 220 million US voter files and alleging election vulnerabilities. Major networks aired the speech on streaming platforms, not broadcast TV. Intelligence officials say no foreign actor altered voting in 2020.
Verizon (NYSE: VZ) to Sell 274 Stores and Cut About 3,000 Jobs in Major Restructuring
Verizon is reshaping its retail business with another major restructuring effort. On July 16, 2026, the U.S. wireless carrier announced plans to sell 274 company-owned retail stores and eliminate about 500 corporate positions, affecting roughly 3,000 retail and corporate employees. The store transactions will become effective on August 16, 2026, leaving Verizon with approximately 1,000…
SBI Funds Management IPO Day 3 Updates: Check Live Subscription, Allotment Date; SBI Shares Drop 0.18%
The SBI Funds Management IPO entered its third and final day of bidding on July 16, 2026, with strong interest from both retail and institutional investors. As the issue moves toward closing, investors are closely watching the latest subscription figures, Grey Market Premium (GMP), and the allotment schedule. Meanwhile, State Bank of India (SBI) shares…