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Amazon Stock Jumps After Company Raises 2026 Capex to $220 Billion
On July 31, 2026, Amazon shares climbed after the company announced plans to increase its 2026 capital spending to $220 billion, reflecting a larger commitment to artificial intelligence and cloud infrastructure. The announcement came alongside stronger-than-expected quarterly earnings and solid growth in Amazon Web Services (AWS), easing investor concerns about higher spending. With competition in…
BMW Plans 8,000 Job Cuts by End of 2027 Amid China Slump
BMW to cut 8,000 jobs by end-2027 via voluntary redundancy program. Move targets admin and R&D roles in Germany as China sales plunge 30% and competition intensifies.
Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
Meta Stock Drops 10% After Q2 Earnings Miss, Free Cash Flow Collapses 91%
Meta shares fell 10% after Q2 earnings missed EPS expectations. Free cash flow collapsed 91% to $784M as AI spending surged. Full-year capex raised to $130-145B.
Redington Stock Soars 18% to 52-Week High After Q1 FY27 PAT Jumps 77%
Redington shares surged 18% to a 52-week high of ₹338.50 on July 30, 2026. The rally followed record Q1 FY27 results announced after market hours on July 29. Consolidated net profit jumped 77% year-on-year to ₹486 crore. Revenue rose 35% to ₹34,966 crore, marking the company’s highest-ever quarterly performance. Strong demand across cloud, cybersecurity, and…
Sony (TYO: 6758) Seeks to Acquire Tamron (TYO: 7740); Lens Maker Valued at $1.3 Billion
Sony Group Corporation (TYO: 6758) has submitted a non-binding proposal to acquire camera lens manufacturer Tamron Co., Ltd. (TYO: 7740) and make it a wholly owned subsidiary. The reported transaction would value the remaining 84.47% stake in Tamron at approximately ¥200 billion ($1.3 billion). It is one of the largest recent deals undertaken by Sony’s…
Zhongji Innolight (HK:3308) Shares Drop 10% in Hong Kong Debut After $6.8 Billion IPO
On 30 July 2026, Zhongji Innolight (HK:3308) began trading on the Hong Kong Stock Exchange after raising HK$53.4 billion (US$6.8 billion) in the city’s biggest IPO of the year. The strong fundraising result was followed by a disappointing market debut, with the stock falling about 10% on its first day of trading. That decline caught…
Sensex Today: Sensex Up 39 Points, Nifty Above 24,270 as Nifty IT Extends Rally for Fifth Straight Session
On July 30, 2026, India’s stock market remained steady as the Sensex rose 39 points and the Nifty traded above 24,270, despite pressure on global markets following the U.S. Federal Reserve’s latest interest rate decision. The biggest driver was the Nifty IT index, which extended its winning streak to a fifth straight session on the…
Dow Jones Today: Dow Plunges 1,153 Points, S&P 500 Falls 1.52%, Nasdaq Drops 1.74% After Fed Holds Rates
On July 30, 2026, U.S. stocks fell sharply after the Federal Reserve left interest rates unchanged and warned that inflation risks have not eased. The Dow Jones Industrial Average dropped 1,153 points, while the S&P 500 and Nasdaq also ended the day with heavy losses. Higher Treasury yields and fresh selling in technology stocks added…