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NVDA Bounces 4% as Memory Chip Shortage Eases AI Bottleneck
Nvidia stock climbs 4% on July 10 after a $1 trillion market cap decline. Memory chip shortage eases, but competition from Micron and others intensifies as AI infrastructure demand shifts.

Prime’s Australian Distributor Collapses Into Administration With A$7.92M Debt
Prime’s Australian distributor Congo Brands Australia enters administration with A$7.92M debt and only A$85,000 cash. Sales fell 53% as the viral drink brand struggles locally.

SK Hynix Surges 13% in Record $26.5B US Debut on July 10
SK Hynix raises $26.5 billion in record US IPO, largest foreign listing ever. Stock surges 13% on first day as AI chip demand drives memory shortage.

British Airways Cuts 7 Long-Haul Routes While Adding Orlando Service on July 11
British Airways cuts 7 long-haul routes and launches new services including Orlando flights from July 21, 2026. The carrier is consolidating between Heathrow and Gatwick to improve efficiency and capture premium travel demand.

DBS Saturday Savings: S$6 Off Eggs and Rice From July 18
DBS and POSB cardholders get S$3 off eggs and S$3 off rice every Saturday at Giant and Sheng Siong from July 18 to August 29. No minimum spend required. Seven Saturdays total.

SK Hynix Surges 14% in Record $26.5B Nasdaq Debut on July 10
SK Hynix debuts on Nasdaq with 14% gain in $26.5B offering, the largest US listing by a foreign firm. The chip maker supplies critical AI memory as South Korea invests $880B in semiconductor capacity.

Prime’s Australian Distributor Collapses Into Administration With £4.8M Debt
Prime’s Australian distributor Congo Brands Australia enters administration owing AU$7.92 million with only AU$84,855 cash. Sales fell 53% to AU$14.5 million in 2024.

Nissan Shifts 400 Workers to Kyushu as Restructuring Accelerates
Nissan Motor relocates 400 workers from Kanagawa to Kyushu plants amid global restructuring. Stock trades at ¥310.50 with Meyka grade C and negative earnings outlook.

Cognizant Stock Falls 1.9% as US Launches H-1B Visa Fraud Probe, July 11
Cognizant faces scrutiny in Trump administration’s H-1B visa fraud investigation. Labor officials have issued dozens of subpoenas targeting alleged labor trafficking and wage-kickback schemes in the visa program.