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CXMT’s $8.6 Billion IPO to Generate at Least $41 Million in Fees for Chinese Investment Banks
CXMT’s $8.6 billion Shanghai IPO is set to generate substantial fees for underwriters. The memory chipmaker priced shares at 8.66 yuan, or $1.28 apiece. That values CXMT’s business at roughly $85.2 billion upon its Shanghai Star Market debut. CXMT’s offering surpasses SMIC’s 2020 record as the largest chip IPO in China. Subscriptions opened Thursday, July…
Uber (NYSE: UBER) to Acquire Delivery Hero (ETR: DHER) in $14.8 Billion Cash Deal
On 16 July 2026, Uber (NYSE: UBER) announced a $14.8 billion cash offer to acquire Delivery Hero (ETR: DHER), one of the biggest food delivery acquisitions ever announced. If the deal goes through, Uber will expand its delivery business across dozens of international markets and strengthen its position in an increasingly competitive industry. Investors reacted…
Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
Hardee’s franchisee Superior Star files Chapter 11 bankruptcy on July 9, putting 59 stores at risk across 10 states due to a $7.04 million seller financing dispute and hidden liabilities from its 2023 acquisition.
Mowi (OSE: MOWI) Shares Rise 3.4% as Q2 Salmon Harvest Tops Guidance and EBIT Climbs 23%
Mowi shares rose 3.4% Wednesday after the salmon farmer’s Q2 trading update beat expectations. Mowi reported operational EBIT of EUR 231 million, up 23% from EUR 189 million. The company harvested 150,000 tonnes during the quarter, a record for any second quarter. That volume topped Mowi’s own guidance of 140,000 tonnes by a wide margin. …
SpaceX Loses Momentum: Stock Falls to $136.08 After $850 Billion Value Wipeout
SpaceX shares fell to $136.08 Tuesday, extending a brutal slide since its June IPO. The stock has now dropped roughly 39.7% from its June 16 peak of $225.64. That decline has erased close to $850 billion in market value. SpaceX debuted on Nasdaq June 12, 2026, pricing shares at $135 in the largest IPO ever. …
King Charles Meets Harry and Meghan After 4 Years; Prince William Stays Away
King Charles III hosted Prince Harry, Meghan Markle, Prince Archie, and Princess Lilibet at Highgrove House on July 10, 2026, their first meeting in four years. Prince William did not attend.
OBR Warns UK Debt on Unsustainable Path Without Spending Cuts or Tax Rises
The OBR warns UK debt faces an unsustainable path without £120bn in annual spending cuts or tax rises. State pensions and health costs are key drivers of long-term fiscal pressure.
Alex de Minaur Reaches World No. 5 After Wimbledon Exit, July 14
Alex de Minaur reaches career-high world No. 5 ranking, becoming the first Australian man in the top five since Lleyton Hewitt in 2009. The ranking marks a major milestone despite his Wimbledon fourth-round exit.
King Charles Reunites With Harry and Meghan on July 10; Royal Rift Shows Signs of Thaw
King Charles III met privately with Prince Harry, Meghan Markle, and their children Archie and Lilibet at Highgrove on July 10, 2026, their first family gathering since 2022. The meeting lasted over an hour.