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OpenAI Launches GPT-5.6 After US Clears Wider Release; Advanced AI Model Debuts on Thursday
OpenAI will launch GPT-5.6 publicly on Thursday, July 9, 2026, after US government approval. The Trump administration cleared a broader rollout following weeks of testing and coordination. CEO Sam Altman confirmed the news directly on X on July 8. OpenAI introduced the GPT-5.6 family with three models: Sol, Terra, and Luna. OpenAI first previewed these…
KOSPI Slides 5.7%, Nears Bear Market as Samsung (005930.KS) Drops 6.9% and SK Hynix (000660.KS) Falls 5%
South Korea’s KOSPI index tumbled 5.7% on July 8, 2026, pushing the benchmark toward bear market territory. Samsung Electronics dropped 6.9%, while SK Hynix fell 5%. The selloff extended a brutal stretch that began with a historic circuit breaker in Samsung shares on July 7. Foreign investors dumped hundreds of billions of won in semiconductor…
Mahesh Muralidhar Pai Set to Head South Indian Bank Following RBI Clearance
Mahesh Muralidhar Pai will become South Indian Bank’s next Managing Director and CEO. The Reserve Bank of India approved his appointment through a letter dated July 7, 2026. Pai’s three-year term begins on October 1, 2026, succeeding outgoing CEO P R Seshadri. He currently serves as Chief General Manager at Canara Bank, leading digital banking…
Zhipu AI (HKEX: 2513) Jumps 14.16% on Report of Custom AI Chip Development for GLM Models
Zhipu AI shares skyrocketed 14.16% during intraday trading on July 8, 2026. The stock, listed as Knowledge Atlas Technology, touched HK$1,838.00 by 10:45 AM GMT+5. That marked a gain of HK$228.00 over the previous close of HK$1,610.00. The rally follows a report that Zhipu AI is exploring a custom AI chip for its GLM model…
Brent Crude Surges 3.2% to $76.60/Barrel After US Airstrikes on Iran; Gold Slips 0.4%
Brent crude prices rose 3.2% to about $76.60 per barrel on July 8, 2026, after fresh U.S. airstrikes on Iran raised concerns about possible disruptions to Middle East oil supplies. At the same time, gold fell 0.4%, catching some investors off guard as the metal often gains during periods of geopolitical tension. The latest price…
Kalyan Jewellers Shares Could Surge 97% as Citi Sees Strong Long-Term Growth
Kalyan Jewellers shares carry a bold new call from Citigroup this week. The brokerage reiterated its Buy rating with a target price of ₹700. That target implies roughly 97% upside from the stock’s ₹355.80 close on July 7, 2026. Citi flagged strong long-term growth despite a Q1 FY27 revenue miss. Its market capitalization stood at…
Sam’s Club Summer Sale: Walmart Reduces Prices on More Than 1,000 Items
Sam’s Club and Walmart announced sweeping summer price cuts on July 6, 2026. The Bentonville, Arkansas-based retailer slashed prices on more than 1,000 items. Shoppers will see savings across groceries, household essentials, outdoor living, toys, and apparel. The move covers stores and clubs nationwide, including online and app orders. Sam’s Club, a Walmart Inc. (Nasdaq:…
ITV (LON: ITV) Shares Drop Over 6% as J.P. Morgan Downgrades Stock After £1.6 Billion Sky Deal
ITV shares fell more than 6% Tuesday after J.P. Morgan Cazenove downgraded the stock. The broker cut ITV to “neutral” from “higher weight,” slashing its price target to 85 pence from 104 pence. Analysts said ITV failed to secure favorable terms selling its Media & Entertainment division to Sky. The deal’s structure raised concerns about…
SpaceX Shares Fall 2.3% Ahead of Nasdaq 100 Entry as Morgan Stanley Sets $300 Price Target
SpaceX shares slipped about 2.3% on July 7, 2026, as investors looked ahead to the company’s upcoming addition to the Nasdaq 100. The decline came even after Morgan Stanley initiated coverage with a $300 price target, reflecting confidence in the company’s long-term growth. Some investors chose to lock in gains before the index inclusion, while…