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Arista Networks (NYSE: ANET) Surges 13% After Q2 Earnings Beat; Revenue Tops $3.04B, Outlook Raised
Arista Networks stock surged over 13% on August 5, 2026, following outstanding Q2 earnings. The networking leader delivered record quarterly revenue of $3.04 billion, representing 37.7% year-over-year growth. Adjusted earnings per share reached $1.02, easily beating Wall Street estimates of $0.88. Strong cloud demand pushed management to raise full-year performance targets. Record Quarter Driven by…
Taiwan Launches Major Raids in High-Tech Talent Recruitment Investigation
On August 5, 2026, Taiwan began one of its largest investigations into suspected illegal recruitment of high-tech professionals by Chinese companies. Authorities searched dozens of locations and questioned more than 100 people during a nationwide operation. The action comes as Taiwan steps up efforts to protect its semiconductor expertise, one of the country’s strongest economic…
LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
Spectrum TV App Outage Hits Users Across Multiple U.S. States, With Widespread ‘RLP-1035’ Error Disrupting Streaming Services
Spectrum TV app users across multiple states lost access Monday evening, August 3, 2026. Thousands reported outages through DownDetector, with many seeing the RLP-1035 error code instead of live streams. Charter Communications acknowledged the issue and confirmed engineers were working to restore service. The Spectrum TV app returned to normal function by 10 p.m. EDT….
Itochu Posts Record Q1 Profit of ¥293.7B, Launches ¥300B Buyback on August 3
Itochu (8001.T) posts record Q1 net profit of ¥293.7B, up 3% YoY, and launches ¥300B share buyback. Core earnings surge 38%. Meyka rates stock A- with Buy recommendation.
Hughes Files Chapter 11 as $1.5B Debt Comes Due; DISH Faces Restructuring
Hughes Satellite Systems files Chapter 11 bankruptcy with $1.5B debt due. EchoStar subsidiary lost 59,000 broadband subscribers in Q2 as Starlink competition intensifies. DISH parent company restructuring continues.
Prysmian Strikes $3.8 Billion Agreement to Buy U.S. Firm Atkore
On August 3, 2026, Italian cable maker Prysmian agreed to acquire U.S.-based electrical products company Atkore in a $3.8 billion cash deal. It is one of the largest industrial acquisitions announced this year. The agreement comes as investment in AI data centers, power grid upgrades, and electrification projects continues to grow. Prysmian plans to expand…
IOC Launches 10kg Indane XtraLite Cylinder With 4-Hour Delivery on July 31
Indian Oil launches Indane XtraLite Now, a 10kg composite LPG cylinder with 4-hour express delivery. New LPG rules effective August 1 require e-KYC and limit PMUY subsidies to Rs 300 per cylinder for first four refills yearly.
Sony Group Corp. Reports 32% Profit Growth Despite Earthquake Disruptions
On July 31, 2026, Sony Group Corp. reported a 32% increase in quarterly profit, even after a powerful earthquake in Japan disrupted some of its operations earlier in the week. Strong results from its PlayStation, music, and imaging businesses helped offset temporary issues at several semiconductor facilities. The better-than-expected earnings also led Sony to raise…