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Dow Futures Climb, Nasdaq Futures Fall 0.7% as TSMC Earnings Trigger Chip Stock Selloff
📅 16 minutes ago

Dow Futures Climb, Nasdaq Futures Fall 0.7% as TSMC Earnings Trigger Chip Stock Selloff

On 16 July 2026, U.S. stock futures pointed in different directions before the opening bell. Dow futures edged higher, while Nasdaq futures dropped about 0.7% after investors reacted to Taiwan Semiconductor Manufacturing Co.’s (TSMC) latest earnings.  Although the chipmaker posted strong results and maintained a positive outlook for AI demand, semiconductor shares still came under…

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Rotork (LSE: ROR) Agrees to £4.1 Billion Takeover by ABB (SWX: ABBN) in Major UK M&A Deal
📅 2 hours ago

Rotork (LSE: ROR) Agrees to £4.1 Billion Takeover by ABB (SWX: ABBN) in Major UK M&A Deal

On 16 July 2026, ABB (SWX: ABBN) agreed to acquire Rotork (LSE: ROR) in a £4.1 billion all-cash deal, making it one of the largest UK industrial acquisitions announced this year. The offer gives Rotork shareholders a substantial premium while expanding ABB’s industrial automation and smart flow control business. It also comes as overseas buyers…

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ICICI Lombard (NSE: ICICIGI) Shares Plunge 15% to 52-Week Low After Q1 Profit Drops 46%
📅 5 hours ago

ICICI Lombard (NSE: ICICIGI) Shares Plunge 15% to 52-Week Low After Q1 Profit Drops 46%

On July 16, 2026, ICICI Lombard General Insurance shares fell nearly 15%, slipping to a fresh 52-week low after the company reported a 46% year-on-year decline in Q1 FY27 net profit. The earnings miss caught the market off guard and triggered heavy selling throughout the session. Higher claim payouts, additional reserve provisions, and weaker underwriting…

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Hormuz Crisis Escalates as US Airstrikes Strike Northern Iran, Ship Disabled During Blockade
📅 7 hours ago

Hormuz Crisis Escalates as US Airstrikes Strike Northern Iran, Ship Disabled During Blockade

The Hormuz crisis intensified on July 16, 2026, after the United States launched airstrikes in northern Iran and disabled a vessel while enforcing the Strait of Hormuz blockade. The latest military action has increased concerns about a wider regional conflict and possible disruptions to global energy supplies. With nearly one-fifth of the world’s oil moving…

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Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
📅 10 hours ago

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.

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Nichirei Cyberattack Crushes 2871.T Stock 8.2% as KFC Japan Faces Closures
📅 15 hours ago

Nichirei Cyberattack Crushes 2871.T Stock 8.2% as KFC Japan Faces Closures

Nichirei stock plunges 8.2% after cyberattack disrupts frozen food logistics across Japan. KFC Japan warns of possible store closures and menu cuts due to supply chain breakdown.

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Samsung Galaxy S26 Ultra Faces Red Tint Defect After 2-3 Months, July 16
📅 16 hours ago

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.

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IBM Shares Crash 25% on July 14 as AI Spending Reshapes Enterprise Budgets
📅 17 hours ago

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.

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Mowi (OSE: MOWI) Shares Rise 3.4% as Q2 Salmon Harvest Tops Guidance and EBIT Climbs 23%
📅 1 day ago

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. …

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