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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…
Nvidia (NASDAQ: NVDA) Partners With Fanuc and Yaskawa to Accelerate AI-Powered Robotics Development
Nvidia confirmed Thursday, July 16, 2026, that it’s partnering with Japanese robotics giants Fanuc and Yaskawa Electric to accelerate AI-powered robotics development. CEO Jensen Huang announced at a media event in Tokyo, framing physical AI as the technology’s next major frontier. The move expands Nvidia’s Cosmos Coalition, a growing alliance built around its robotics software…
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…
Nichirei Cyberattack Crushes 2871.T Stock 8.2% as KFC Japan Faces Closures
Nichirei stock plunges 8.2% after cyberattack disrupts frozen food logistics across Japan. KFC Japan warns of possible store closures and menu cuts due to supply chain breakdown.
Nvidia Corp (NVDA) Rises 4.06% as Mizuho Financial Group Partners With Chipmaker to Build In-House AI Platform
Nvidia Corp shares climbed 4.06% on July 15, 2026, closing near $211.80. The rally followed news that Mizuho Financial Group will partner with Nvidia Corp to build an in-house AI platform. The Japanese banking giant aims to protect sensitive customer data by avoiding external AI tools. Nvidia’s market capitalization now sits near $5.13 trillion. This…
IBM Stock Crashes 25% on July 14 as Q2 Earnings Miss Signals Budget Shift
IBM stock crashes 25% to $217.07 after missing Q2 targets. Customers shifted capex to servers and memory amid AI demand. Dell and HPE gain as hardware demand stays strong.
US-Based CEOs Dominate ASX Top 10 Earners; Hulls Tops List at $47.7M
US-based CEOs now occupy half the top 10 highest-paid positions on the ASX. Life360’s Chris Hulls earned $47.7M in FY2025, nearly 500 times the average Australian wage.
Scott Mills Was BBC’s Highest Earner at £745k Before March Sacking
Scott Mills earned up to £749,999 as BBC’s highest-paid presenter before being sacked in March 2026 following a police investigation into historical allegations.
Osaka Hospital Nurse Aide Sentenced for Abusing Elderly Patients, Filming Attacks
Former nursing assistant at Osaka’s Yushinkai Kosei Hospital convicted of assaulting elderly patients, filming abuse. Hospital staffing gaps cited as contributing factor.