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Baidu (NASDAQ: BIDU) Shares Surge 7% After Report Says AI Chip Unit Kunlunxin Targets $50 Billion Valuation in Hong Kong IPO
Baidu shares surged nearly 7% on June 29, 2026, after reports revealed that its AI chip subsidiary, Kunlunxin, is targeting a Hong Kong IPO with a valuation of up to $50 billion. The news has sparked strong investor interest and renewed attention on China’s rapidly expanding AI semiconductor sector. As competition in artificial intelligence intensifies…
REC Ltd Share Price Today: REC Ltd Rises 0.37% to ₹366 as PFC–REC Merger Approved, Share Swap Ratio Set at 88:100 with PFC
REC Ltd shares traded around ₹366 on June 29, 2026, gaining 0.37% after a major development in India’s power finance sector. The boards of REC and PFC approved their long-awaited merger, setting a share swap ratio of 88 PFC shares for every 100 REC shares. The move is expected to create a financing giant with…
GOOG Stock Today: Alphabet Inc. Class C Drops 2.19% Despite TrueMark Investments LLC’s New Investment
GOOG stock faced fresh selling pressure on June 28, 2026, even as institutional interest stayed intact. TrueMark Investments LLC purchased a brand-new position in Alphabet Inc. Class C during Q1 2026, filing its disclosure via Form 13F with the SEC. GOOG opened the session at $340.98 on June 29, trading in a range of $333.69…
Elon Musk Loses Trillionaire Status as Tesla and SpaceX Valuations Fall
As of June 2026, Elon Musk is no longer a trillionaire after falling valuations at Tesla and SpaceX (SPCX) stock erased billions from his estimated fortune. The sharp decline came as technology stocks faced renewed selling pressure and investors pulled back from high-growth companies. Even after the setback, Musk remains the world’s richest person, showing…
S&P 500, Dow Futures Rise Despite Big Tech Losses and Hot Inflation; AAPL, MSFT, BABA in Focus
U.S. stock market futures edged higher on June 27, 2026, even as major technology stocks faced renewed selling pressure and fresh inflation data came in hotter-than-expected. The surprising market resilience has shifted investors’ attention to whether the broader rally can continue despite concerns over interest rates. At the center of the action are Apple (AAPL),…
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…
Volkswagen (ETR: VOW3) Shares Rise 2.4% as Everllence Deal Promises €7.4B Proceeds
Volkswagen Group (ETR: VOW3) gave markets a clean catalyst on June 25, 2026. The Volkswagen Group entered into an exclusive arrangement with Bain Capital for the sale of its majority stake in Everllence 51% of the shares are to be transferred. The leveraged buyout transaction generates proceeds of approximately €7.4 billion for Volkswagen. Volkswagen intends…
NVDA Stock Rises 0.8% in Early Market as AEGON Asset Management UK Plc Sells 176,898 Shares of NVIDIA Corporation
NVDA stock opened with quiet resilience on June 25, 2026, rising approximately 0.8% in early trading. NVIDIA’s opening price was $202.17, with the day’s range spanning $200.00 to $203.77. The modest gain came alongside a disclosed institutional trim. AEGON Asset Management UK Plc lessened its position in NVIDIA Corporation (NASDAQ: NVDA) by 5.6% in the…
Trip.com (HK:9961) Shares Fall 10.6% to HK$31.60 as Q1 Profit Drops to ¥2.5B
Trip.com Group (HK: 9961 | NASDAQ: TCOM) had a rough start to June 25, 2026. The Hong Kong-listed stock dropped 10.6% to HK$31.60, reaching its lowest level since August 2024. The selloff came after the company reported a sharp decline in first-quarter profit and issued significantly weaker-than-expected Q2 revenue guidance. Revenue growth wasn’t enough to…