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Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
Japan and South Korea Stocks Diverge as Nikkei 225 Jumps 0.93%, KOSPI Falls 1.10%, SK Hynix Slides Over 6%
Asian markets split sharply on Thursday, July 30, 2026, after two brutal days of chip-stock selling. The Nikkei 225 rebounded 0.93% to 62,003.09, recovering some of Wednesday’s losses. South Korea’s KOSPI fell 1.10%, dragged lower by SK Hynix’s 6.50% slide. Regulators moved to cap leveraged ETF exposure amid intensifying volatility concerns across the region. Nikkei…
Audi Q9 Launches as Volkswagen Seeks U.S. Sales Rebound
Audi launches Q9 full-size SUV at 5.31 meters long with V6 diesel and 591 hp SQ9 variant. Flagship arrives as U.S. sales plummet 30% amid EV bet failure and tariff pressure.
Korean Stocks Tumble as SK Hynix Drops Almost 20%, AI Chip Rally Loses Steam
On July 29, 2026, Korean stocks came under heavy selling pressure after SK Hynix shares fell nearly 20%, erasing a large part of this year’s AI-driven gains. The decline came despite the chipmaker reporting record revenue and a sharp rise in quarterly profit. Investors had expected even stronger results, and the market responded quickly. The…
TCS (NSE: TCS) Surges 12% in Five Sessions as AI Optimism Sparks IT Stock Rally
TCS shares have rallied 12% over the last five trading sessions as of Wednesday, July 29, 2026. The stock is now up 17% over the past month, sharply outperforming the broader Nifty 50. Renewed AI optimism and a stronger-than-feared Q1 earnings reset have powered the rally. Peers Infosys, HCL Tech, and Wipro have also posted…
US Stock Market: Nasdaq Futures Slip as KOSPI Plunges Nearly 6%, S&P 500 Futures Rise 0.2%
Stock Market futures showed a split reaction Wednesday, July 29, 2026, as Asian chip stocks tumbled. South Korea’s KOSPI plunged nearly 6%, dragged down by a disappointing SK Hynix earnings report. S&P 500 futures edged up 0.2%, while Nasdaq-100 futures slipped slightly. Iran’s resumed attacks on regional targets also lifted oil prices overnight. KOSPI Plunges…
USDA Issues Class I Recall of 12,036 Pounds of Maple Leaf Bacon on July 29
USDA recalls 12,036 pounds of Maple Leaf Foods bacon imported from Canada for bypassing mandatory US import reinspection. Affected products sold in Idaho, Oregon, and Washington.
SK Hynix Quarterly Profit Jumps 557% but Falls Short of Market Expectations
On July 29, 2026, SK Hynix reported a 557% increase in quarterly operating profit, helped by strong demand for high-bandwidth memory (HBM) chips used in artificial intelligence (AI) systems. The company also recorded its highest-ever quarterly revenue, reflecting continued growth in AI-driven memory demand. Even so, the results came in below market expectations, and the…
Wind Power Growth Gains Momentum With 50 GW of New Capacity Expected by 2030
India’s wind power sector is entering a decisive growth phase heading into 2030. The Global Wind Energy Council projects wind capacity reaching 107 GW by 2030, up from 56.09 GW installed as of March 31, 2026. That trajectory implies roughly 50 GW of new wind power capacity over the next four years. FY2025-26 alone added…