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UN Halts Strait of Hormuz Evacuation Plan After Cargo Ship Attack
The Strait of Hormuz is once again at the center of global attention after the United Nations temporarily suspended its evacuation operation for stranded commercial ships. The decision came after a cargo vessel was struck near the coast of Oman, raising fresh concerns about maritime security. The incident has also increased uncertainty for global oil…
Sony Files Layoff Notice At Bellevue-based Video Game Company
The latest Sony layoffs have once again put the gaming industry in focus. Sony’s game studio, Bungie, has filed a layoff notice covering hundreds of employees at its Bellevue, Washington headquarters as the company restructures following the end of new content for Destiny 2. The move comes as Sony continues to reshape its live service…
Stock Market Closed Today: BSE, NSE Observe Muharram Holiday; MCX Opens for Half Day
Today’s stock market holiday brings a complete halt to Indian equity trading. Indian stock markets are closed on June 26 for Muharram, with no trading in equity, derivatives, currency, SLB, and electronic gold receipts (EGR) on this day. Muharram marks the 10th listed holiday of 2026 out of 16 total scheduled trading holidays. Since Friday’s…
IBM Shares Waver After Unveiling Fingernail-Sized AI Chip
IBM drew global attention on June 25, 2026, after unveiling a fingernail-sized AI chip designed to deliver faster computing while using less power. The breakthrough marks another step in the race to build more efficient AI hardware. Yet the company’s shares showed mixed movement as investors looked beyond the innovation and focused on its commercial…
Kospi Slumps as SoftBank Selloff Hits Asian Markets
Asian stock markets came under heavy pressure on June 26, 2026, as a sharp selloff in SoftBank shares triggered fresh concerns across the technology sector. South Korea’s Kospi also fell, with chip giants leading the losses as investors pulled back from AI-related stocks after months of strong gains. The market reaction highlights growing caution over…
Crude price relief powers Sensex, Nifty before Muharram break
Indian stock markets ended the week on a positive note as Sensex and Nifty gained support from falling global crude oil prices, stronger banking stocks, and improving global sentiment. Lower oil prices eased concerns about inflation and India’s import bill, helping investors return to equities ahead of the Muharram market holiday. While trading remained selective…
FTSE 100 Edges Up 0.09% as Iran Diplomacy Lifts UK Market Mood
Global markets ended the session on a slightly positive note as improving diplomatic signals around Iran helped calm investor nerves. The FTSE 100 moved higher even as energy stocks stayed under pressure. Traders reacted to easing geopolitical risk, softer oil prices, and stable currency movements. Overall sentiment tilted toward cautious optimism, with investors focusing on…
IBM Shares Rise 6% Premarket After Unveiling Sub-1 Nanometer Chip Technology
IBM grabbed Wall Street’s attention after revealing what it says is the world’s first sub-1-nanometer chip technology. The announcement pushed IBM shares up more than 6% in premarket trading, as investors reacted to a major semiconductor breakthrough aimed at powering the next generation of artificial intelligence workloads. The development strengthens IBM’s position in advanced computing…
Volex (LON: VLX) Revenue Tops $1.24B as Data Centre Demand Drives Record Margins
Volex delivered one of its strongest financial performances to date as booming demand from the data centre sector pushed revenue above $1.24 billion and helped the company achieve record operating margins. The specialist power and data transmission products manufacturer exceeded its profitability targets ahead of schedule, highlighting the growing role of AI infrastructure, cloud computing,…