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Meta Jumps 6% on New AI Cloud Business and Pricing Strategy, July 11
Meta stock climbs 6% as CEO Zuckerberg unveils cloud computing rental plans and cuts AI model pricing to undercut OpenAI and Anthropic. Stock now positive for the year.
Bank of England May Raise Rates This Year to Fight Inflation, July 11
Bank of England economist Huw Pill says rates may need to rise this year as inflation sits at 2.8%, above the 2% target. Current base rate is 3.75%.
XPeng Robotaxi Enters Employee Testing Phase as CEO Takes First Ride
XPeng begins employee testing of its robotaxi platform in Guangzhou. CEO He Xiaopeng completed the first ride, demonstrating the full service chain from hailing to destination.
Tencent (HK:0700) in Talks to Become Largest Shareholder in AI Startup Manus at $2 Billion Valuation
Tencent is reportedly in discussions for a deal that would make it the largest shareholder in AI startup Manus, which is valued at roughly $2 billion. The talks have attracted attention as major technology companies continue to invest more in artificial intelligence while competition across the sector grows. If the deal goes ahead, Tencent would…
CCL Jumps 4.7% After Declaring $0.15 Quarterly Dividend on July 9
Carnival (CCL) stock jumped 4.7% after declaring a $0.15 quarterly dividend. Payment set for August 28, 2026. Meyka rates CCL a B+ with a 12-month forecast of $36.21.
TCS Q1 FY27 Profit Rises 4.6% to ₹13,349 Crore; AI Revenue Hits $2.6B
TCS Q1 FY27: Net profit rises 4.6% to ₹13,349 crore, revenue grows 13.9% YoY to ₹72,275 crore. AI revenue hits $2.6B annualized run rate. Board declares ₹12 interim dividend.
Nanya Bets Big on AI With $6.2 Billion Semiconductor Investment for 2027
On July 10, 2026, Taiwan-based Nanya Technology announced plans to invest more than T$200 billion (around US$6.2 billion) in semiconductor production during 2027. The decision reflects the company’s confidence in the expanding AI market. Demand for AI servers and high-performance memory chips continues to increase, prompting chipmakers to add manufacturing capacity. Nanya’s latest investment could…
SpaceX Stock Drops 33.7% From Peak as Wall Street Targets $800—July 10
SpaceX stock fell 33.7% from its June 16 peak to $149.58 on July 7, below its IPO opening price. Wall Street analysts issued bullish ratings with targets ranging from $205 to $800, but profit-taking has dominated trading.
David James Jailed 12 Years: Australian Childcare Abuse Case Sparks Reform Calls—July 10
David James sentenced to 12 years for child abuse at Sydney childcare centre. Parents demand CCTV, two-worker minimum, and body safety education reforms.