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AI Boom Fuels $27 Trillion Market Surge, Raising Fears of a Historic Tech Bubble
The artificial intelligence (AI) boom has become the dominant force behind global equity markets. Since November 2022, AI-related companies have added approximately $27 trillion in market value, according to Goldman Sachs Research. That increase equals roughly 36% of the entire U.S. stock market’s value, making AI the biggest driver of Wall Street gains over the…
KPMG Names John Sams CEO on July 21 Amid Whistleblower Fallout
KPMG Australia appoints John Sams as CEO following whistleblower scandal. New leader faces scrutiny over firm’s handling of audit misconduct allegations and must rebuild damaged reputation.
Revolut Wins Australian Banking Licence, Commits A$400M to Challenge Big Four
Revolut wins APRA banking licence in Australia, launches Revolut Bank Australia with savings rates up to 5.05% p.a. and A$400M investment commitment to compete with Big Four banks.
TSMC (NYSE: TSM) Plans Chip Price Hikes of Up to 10% in 2027 to Offset Rising Manufacturing Costs
Taiwan Semiconductor Manufacturing Company (TSMC) is preparing to increase chip manufacturing prices by as much as 10% in 2027, according to reports released on July 21, 2026. The world’s largest contract chipmaker is dealing with higher production costs while continuing to expand its manufacturing network outside Taiwan. The planned increase could affect some of the…
BAWAG Group (VIE: BAWG) Q2 Profit Jumps 21% as Bank Reaffirms 2026 Outlook Ahead of PTSB Acquisition
BAWAG Group reported strong second-quarter results on July 21, 2026, with net profit rising 21% year over year to €255 million. The increase came from healthy lending activity and disciplined cost management. The Austrian bank also reaffirmed its full-year 2026 outlook, showing confidence even as it moves ahead with its planned acquisition of Ireland’s Permanent…
Mitie (LSE: MTO) Agrees to £3.1 Billion Takeover by OCS Group in 45% Premium Deal
Mitie has agreed to a £3.1 billion takeover by rival OCS Group. The deal values Mitie shares at up to 221.6 pence each. That figure represents a 44.7% premium to Monday’s closing price of 151p. OCS will pay 218.5 pence per share in cash. Mitie shareholders also keep a planned 3.1 pence final dividend. The…
SEPC (NSE: SEPC) Shares Surge 13% After Winning ₹673 Crore SAIL Crude Steel Expansion Project
SEPC (NSE: SEPC) came into focus after winning a ₹673.32 crore contract from Steel Authority of India Limited (SAIL) for the 4.08 MTPA crude steel expansion project at the IISCO Steel Plant in Burnpur. The company announced the order on June 15, 2026, and the news sent SEPC shares up nearly 13%. The contract adds…
FTSE 100 Live: UK Index Opens 22 Points Lower at 10,502 Despite Strong Jobs Data and Lower Oil Prices
The FTSE 100 opened 22 points lower at 10,502 on July 21, 2026. That followed Monday’s close at 10,524.76, a 0.7% decline. Stronger-than-expected UK jobs data and falling oil prices offered a mixed backdrop for London’s benchmark index. Investors weighed a proposed 10-day US-Iran ceasefire against fresh attacks reported in the Strait of Hormuz. UK…
Cement (NSE: ULTRACEMCO) Shares Rise 2% as Q1 FY27 Profit Jumps 17% to ₹2,599 Crore UltraTech
UltraTech Cement shares extended gains for a second straight session on July 21, 2026. The stock traded at ₹12,039.65 on the BSE, up 1.19% intraday. That followed a 1.35% rise to ₹11,880 on results day itself. Combined, shares have climbed close to 2% since UltraTech posted its Q1 FY27 numbers. Consolidated net profit jumped 16.8%…