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Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…
QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
First Phosphate Uplists ADRs to Nasdaq on August 10, 2026
First Phosphate uplists Level 2 ADRs to Nasdaq Global Market under ticker PHOS on August 10, 2026. The move converts OTCQX holdings automatically and maintains a 10-to-1 ADR ratio.
Burger King Retakes No. 2 Spot With 8.5% Sales Surge on August 7
Burger King surpasses Wendy’s as the No. 2 U.S. burger chain with 8.5% Q2 sales growth. Parent company QSR stock rises on strong turnaround execution and Whopper sales surge.
NHK Apologizes for Mishandling Sexual Assault Case, Employee Diagnosed With PTSD
NHK apologizes for denying a sexually assaulted employee’s transfer request for 3+ years, leading to PTSD diagnosis. Investigation committee found the broadcaster’s response inadequate and prioritized procedure over human rights.
SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
Nvidia CEO: AI Data Centers Will Create Six-Figure Trade Jobs by 2030
Nvidia CEO Jensen Huang predicts AI data center boom will create six-figure salary jobs for electricians, plumbers, and construction workers. McKinsey estimates 130,000 electricians needed in US alone by 2030.
UK Seizes Russian Shadow Fleet Tanker in Channel as Sanctions Tighten
UK intercepts Russian shadow fleet tanker SMYRTOS in English Channel. Captain charged with sanctions breach. Operation disrupts Putin’s oil smuggling network.
Albanese’s Melon Joke Risks Japan Ties as Diplomatic Fallout Looms
PM Anthony Albanese faces criticism after making sexual jokes about Japanese PM Sanae Takaichi’s Crown Melon gift on a podcast. Trade officials warn Japan may view Australia as a sovereign risk.