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Tech Stock: SpaceX Shares Retreat to $126 by July 17 After Jumping 19% on IPO Debut
On 17 July 2026, SpaceX shares traded near $126, giving back a large part of the gains made after the company’s much-anticipated IPO. The stock had climbed 19% on its first day of trading and quickly became one of the market’s most closely watched listings. Since then, investor sentiment has shifted from tech stocks, and…
Will Smith Pulled Into $3M Jada Lawsuit as Ex-Friend Seeks His Testimony
Bilaal Salaam seeks Will Smith’s deposition in his $3 million lawsuit against Jada Pinkett Smith. Jada’s lawyers say no subpoena has been served and Will is not required to participate.
General Dynamics Wins $2B Canadian Armoured Vehicle Deal on July 16
Canada commits $2 billion to buy 190 armoured vehicles from General Dynamics Land Systems-Canada over four years, expanding the military fleet to 550 units and creating 6,000 jobs annually.
Trump’s New Global Tariffs Loom as $71B Refund Wave Hits Companies
Companies have received $71 billion in tariff refunds after the Supreme Court ruled Trump’s tariffs illegal. Now Trump plans new global tariffs of 10-12.5% starting July 24, affecting UK, Japan, India, Taiwan, and China.
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…
Greg Steube Files Impeachment Against Judge Over Plane Hijacker Release
Rep. Greg Steube filed impeachment articles against Judge John E. Steele for ordering the release of convicted Cuban plane hijacker Maikel Guerra Morales from ICE custody on July 8. The judge died suddenly on July 16.
Trump’s Lincoln Memorial Pool Coating Fades to Gray as $16M Repair Spirals
Trump’s $16M Lincoln Memorial Reflecting Pool renovation has failed. The blue coating faded to gray, algae bloomed, and paint peeled. FBI now investigates as Trump blames vandals.
Dow Futures Climb, Nasdaq Futures Fall 0.7% as TSMC Earnings Trigger Chip Stock Selloff
On 16 July 2026, U.S. stock futures pointed in different directions before the opening bell. Dow futures edged higher, while Nasdaq futures dropped about 0.7% after investors reacted to Taiwan Semiconductor Manufacturing Co.’s (TSMC) latest earnings. Although the chipmaker posted strong results and maintained a positive outlook for AI demand, semiconductor shares still came under…
S&P 500, Nasdaq Composite Drift Sideways as $3.2 Trillion Shifts From Chip Stocks to Magnificent Seven
The S&P 500 has traded in a tight range for months. Beneath that calm surface, $3.2 trillion has rotated between the Magnificent Seven and chip stocks outside Nvidia. This massive shift has largely canceled itself out at the index level. Traders are watching closely as earnings season could finally break the stalemate. The Nasdaq Composite…