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Alibaba (9988.HK) Surges 12% on Cloud Revenue Growth Forecast—July 9
Alibaba (9988.HK) surged 12.2% to HK$107.5 on July 8 after reports of 45% Alibaba Cloud revenue growth forecast and improved Taobao Flash Sale efficiency, lifting the Hang Seng Tech Index 5%.
Rocket Lab Stock Jumps on $8B Iridium Deal and Morgan Stanley Bull Case—July 8
Rocket Lab to buy Iridium for $8B. Morgan Stanley sets bull target at $293. RKLB stock down 17% this week but up 115% over 12 months. Deal closes mid-2027.
Rheinmetall and Lockheed Martin to Build ATACMS Missiles in Germany
Rheinmetall and Lockheed Martin plan to manufacture ATACMS missiles at a new facility in Unterlüss, Germany. The deal, signed at NATO’s Ankara summit, represents the first European production of these tactical weapons.
Australian Woman Arrested in US for Illegal Voting in 2022 and 2024 Elections
Australian woman Denise Nataly Migliore arrested after allegedly voting illegally in US federal elections by falsely claiming citizenship. Faces up to 5 years in prison and $250,000 fine.
Bombay High Court: Mumbai Flooding Is Citizens’ Fault Too, Not Just BMC—July 8
Bombay High Court says Mumbai’s monsoon flooding results from both civic failures and citizens’ actions: encroachments, clogged drains, and misuse of public spaces.
RVRC Holding (STO: RVRC) to Acquire 90.1% of ICANIWILL in SEK 700 Million Deal
RVRC is expanding its presence in the Nordic sportswear market through a major acquisition announced on July 8, 2026. RVRC Holding AB, the parent company behind outdoor apparel brand RevolutionRace, has agreed to acquire 90.1% of sportswear company ICANIWILL (ICIW). The transaction values the business at SEK 700 million on a cash and debt-free basis,…
Apple (NASDAQ: AAPL) Expands Broadcom (NASDAQ: AVGO) Partnership With $1.5 Billion Colorado Manufacturing Investment
Introduction Apple has expanded its long-standing partnership with Broadcom through a multiyear semiconductor agreement expected to exceed $30 billion, marking one of the company’s largest domestic manufacturing commitments. Announced on July 8, 2026, the deal includes a $1.5 billion expansion of Broadcom’s manufacturing facility in Fort Collins, Colorado, strengthening U.S.-based chip production and supply chain…
Oil Market News: WTI Tops $72 While Brent Hits $74 on Iran Oil Concerns
The Oil Market gained ground as traders responded to fresh concerns over possible disruptions to Iranian crude exports. West Texas Intermediate (WTI) rose above $72 per barrel, while Brent crude traded at $74 per barrel. Prices moved higher as investors balanced geopolitical tensions with steady global demand and expectations for future supply. With uncertainty still…
Taiwan Index Rallies More Than 330 Points as TSMC, Hon Hai, and MediaTek Advance
The Taiwan Index gained more than 330 points as investors returned to technology stocks. Buying activity picked up across leading chipmakers and electronics companies, improving overall market sentiment. Strong advances in TSMC, Hon Hai, and MediaTek helped push the broader market higher. The latest rise in the Taiwan Index also reflected stronger confidence in artificial…