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Hyundai Motor to Make Boston Dynamics a Wholly Owned Unit by Buying SoftBank Stake
Hyundai Motor Group is finalizing full ownership of Boston Dynamics this month. The automaker will buy SoftBank Group’s remaining 9.65% stake for $325 million. This move ends a multi-year ownership arrangement dating back to 2021. Hyundai originally paid $880 million for an 80% controlling stake that year. The deal values Boston Dynamics at a far…
ASX Midday: Telstra (ASX: TLS) Edges Higher as BHP (ASX: BHP) Drops Nearly 3% on $900M Iron Ore Project
ASX midday trading on July 16, 2026, showed a mixed picture across major sectors. Telstra edged higher, building on Wednesday’s close near $4.89. BHP fell nearly 3% after unveiling a $900 million iron ore investment. The S&P/ASX 200 stayed roughly flat, down 0.3% in early Asia-Pacific trading. This ASX midday session highlights how commodity spending…
San Antonio Tornado Damages Apartments, Shops on Northwest Side July 15
A tornado hit San Antonio’s northwest side on July 15, damaging the Oasis apartments and The Rim shopping area. No injuries reported; thousands lost power as heavy rain continues.
BMW Recalls 29,119 Plug-In Hybrids Over Starter Fire Risk on July 15
BMW recalls 29,119 plug-in hybrid sedans (330e, 530e, 740Le) over fire risk from corroded starter relay. Free replacement begins August 28. Owners advised to park outside until repair.
Samsung Galaxy S26 Ultra Faces Red Tint Defect After 2-3 Months, July 16
Samsung Galaxy S26 Ultra users report red tint defects on displays after 2-3 months of use. The company is investigating the issue, which may be linked to the Privacy Display feature. Affected devices are within warranty.
IBM Shares Crash 25% on July 14 as AI Spending Reshapes Enterprise Budgets
IBM stock crashed 25% after preannouncing Q2 results that missed estimates. Revenue came in at $17.2 billion versus $17.86 billion expected, as customers redirected spending to AI infrastructure.
Reagan National Airport Halts 126 Flights for Iraqi PM Security on July 15
Reagan National Airport suspended flights from 11 a.m. to 3 p.m. ET on July 15, canceling 126 flights and delaying over 300 others due to security measures for visiting Iraqi Prime Minister Ali al-Zaidi.
DeepSeek Seeks Fresh Funding at $74 Billion Valuation Ahead of Planned China IPO
DeepSeek is back in the spotlight after reports said it is seeking fresh funding at a valuation of 500 billion yuan (about $74 billion) before a planned initial public offering (IPO) in China. The fundraising effort, reported on July 15, 2026, reflects rising investor interest in the country’s fast-growing artificial intelligence industry. As global competition…
Subaru Recalls 541,000 SUVs Over Incorrect Weight Labels on July 15
Subaru recalls 541,237 SUVs over incorrect gross axle weight rating labels. Affected models include 2019-2026 Ascent, 2025-2026 Forester, and 2026 Crosstrek Hybrid. Free corrected labels will be mailed starting August 25.