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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…
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…
Japan and South Korea Stocks Diverge as Nikkei 225 Jumps 0.93%, KOSPI Falls 1.10%, SK Hynix Slides Over 6%
Asian markets split sharply on Thursday, July 30, 2026, after two brutal days of chip-stock selling. The Nikkei 225 rebounded 0.93% to 62,003.09, recovering some of Wednesday’s losses. South Korea’s KOSPI fell 1.10%, dragged lower by SK Hynix’s 6.50% slide. Regulators moved to cap leveraged ETF exposure amid intensifying volatility concerns across the region. Nikkei…
Microsoft (NASDAQ: MSFT) Shares Jump 9% After Q4 Revenue Hits $90B, EPS Beats at $4.81
On July 30, 2026, Microsoft (NASDAQ: MSFT) reported stronger-than-expected fiscal fourth-quarter results, giving investors another reason to stay optimistic about the company’s AI business. Revenue reached $90 billion, while earnings per share came in at $4.81. The better-than-expected numbers pushed Microsoft shares about 9% higher in after-hours trading. Growth in Azure and continued demand for…
Korean Stocks Tumble as SK Hynix Drops Almost 20%, AI Chip Rally Loses Steam
On July 29, 2026, Korean stocks came under heavy selling pressure after SK Hynix shares fell nearly 20%, erasing a large part of this year’s AI-driven gains. The decline came despite the chipmaker reporting record revenue and a sharp rise in quarterly profit. Investors had expected even stronger results, and the market responded quickly. The…
iPhone Air Plunges 26% on Amazon Japan as Inventory Glut Deepens July 29
iPhone Air hits 26% discount on Amazon Japan on July 29. The 1TB model falls to ¥169,800 from ¥229,800, signaling demand weakness and inventory glut for Apple’s thin flagship.
USDA Issues Class I Recall of 12,036 Pounds of Maple Leaf Bacon on July 29
USDA recalls 12,036 pounds of Maple Leaf Foods bacon imported from Canada for bypassing mandatory US import reinspection. Affected products sold in Idaho, Oregon, and Washington.
SK Hynix Quarterly Profit Jumps 557% but Falls Short of Market Expectations
On July 29, 2026, SK Hynix reported a 557% increase in quarterly operating profit, helped by strong demand for high-bandwidth memory (HBM) chips used in artificial intelligence (AI) systems. The company also recorded its highest-ever quarterly revenue, reflecting continued growth in AI-driven memory demand. Even so, the results came in below market expectations, and the…
Vanguard Quietly Builds Nearly $1 Billion Strategy Stake Despite Bitcoin ETF Stance
Vanguard has increased its stake in Strategy Inc by $50 million, pushing its holding close to $1 billion. The asset manager now holds roughly 10.5 million shares of the Bitcoin treasury company. This comes despite Vanguard’s long-standing refusal to offer spot Bitcoin ETFs on its brokerage platform. The firm’s exposure stems from passive index tracking,…