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OpenAI Launches GPT-5.6 After US Clears Wider Release; Advanced AI Model Debuts on Thursday
OpenAI will launch GPT-5.6 publicly on Thursday, July 9, 2026, after US government approval. The Trump administration cleared a broader rollout following weeks of testing and coordination. CEO Sam Altman confirmed the news directly on X on July 8. OpenAI introduced the GPT-5.6 family with three models: Sol, Terra, and Luna. OpenAI first previewed these…
KOSPI Slides 5.7%, Nears Bear Market as Samsung (005930.KS) Drops 6.9% and SK Hynix (000660.KS) Falls 5%
South Korea’s KOSPI index tumbled 5.7% on July 8, 2026, pushing the benchmark toward bear market territory. Samsung Electronics dropped 6.9%, while SK Hynix fell 5%. The selloff extended a brutal stretch that began with a historic circuit breaker in Samsung shares on July 7. Foreign investors dumped hundreds of billions of won in semiconductor…
Holds Near $4,117 as Iran Tensions and Fed Minutes Keep Safe-Haven Demand in Focus
On July 8, 2026, gold traded near $4,117 per ounce prices as investors weighed growing tensions between the United States and Iran against expectations for the Federal Reserve’s latest meeting minutes. Safe-haven demand continued to support the precious metal, even as a stronger US dollar and higher Treasury yields capped gains. With oil prices moving…
Mahesh Muralidhar Pai Set to Head South Indian Bank Following RBI Clearance
Mahesh Muralidhar Pai will become South Indian Bank’s next Managing Director and CEO. The Reserve Bank of India approved his appointment through a letter dated July 7, 2026. Pai’s three-year term begins on October 1, 2026, succeeding outgoing CEO P R Seshadri. He currently serves as Chief General Manager at Canara Bank, leading digital banking…
Zhipu AI (HKEX: 2513) Jumps 14.16% on Report of Custom AI Chip Development for GLM Models
Zhipu AI shares skyrocketed 14.16% during intraday trading on July 8, 2026. The stock, listed as Knowledge Atlas Technology, touched HK$1,838.00 by 10:45 AM GMT+5. That marked a gain of HK$228.00 over the previous close of HK$1,610.00. The rally follows a report that Zhipu AI is exploring a custom AI chip for its GLM model…
Brent Crude Surges 3.2% to $76.60/Barrel After US Airstrikes on Iran; Gold Slips 0.4%
Brent crude prices rose 3.2% to about $76.60 per barrel on July 8, 2026, after fresh U.S. airstrikes on Iran raised concerns about possible disruptions to Middle East oil supplies. At the same time, gold fell 0.4%, catching some investors off guard as the metal often gains during periods of geopolitical tension. The latest price…
SENSEX Drops 530 Points, NIFTY50 Slips to 24,244 as West Asia Tensions Drive Oil Prices Higher
On July 8, 2026, Indian stock markets came under heavy selling pressure after fresh tensions in West Asia pushed global crude oil prices higher. The BSE Sensex lost more than 530 points, while the NIFTY50 slipped to 24,244 as investors turned cautious. Because India relies heavily on imported crude oil, any sharp increase in oil…
Kalyan Jewellers Shares Could Surge 97% as Citi Sees Strong Long-Term Growth
Kalyan Jewellers shares carry a bold new call from Citigroup this week. The brokerage reiterated its Buy rating with a target price of ₹700. That target implies roughly 97% upside from the stock’s ₹355.80 close on July 7, 2026. Citi flagged strong long-term growth despite a Q1 FY27 revenue miss. Its market capitalization stood at…
Samsung Profits Surge 1,800% as AI Memory Chip Demand Drives Record ₩89.4 Trillion Quarterly Operating Profit and ₩171 Trillion Sales
Samsung posted a record second-quarter operating profit of 89.4 trillion won, up 1,810.3% year-over-year. The company reported revenue of 171 trillion won, compared with 133.9 trillion won last quarter. AI-driven memory chip demand powered this surge. The results mark Samsung’s third consecutive record quarter this year. Samsung Posts Record Profit on AI Memory Demand Samsung…