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Ruth Ellis Granted Posthumous Pardon on July 9, 2026
Ruth Ellis, hanged in 1955 for killing her abusive partner, receives conditional pardon from King Charles. Death sentence replaced with life imprisonment after evidence of sustained abuse was ignored at trial.
Alibaba (9988.HK) Surges 12% on Cloud Revenue Growth Forecast—July 9
Alibaba (9988.HK) surged 12.2% to HK$107.5 on July 8 after reports of 45% Alibaba Cloud revenue growth forecast and improved Taobao Flash Sale efficiency, lifting the Hang Seng Tech Index 5%.
Rocket Lab Stock Jumps on $8B Iridium Deal and Morgan Stanley Bull Case—July 8
Rocket Lab to buy Iridium for $8B. Morgan Stanley sets bull target at $293. RKLB stock down 17% this week but up 115% over 12 months. Deal closes mid-2027.
Kalyan Jewellers Stock Bounces 5% on Citi Buy Rating Despite Q1 Miss
Kalyan Jewellers stock rebounds 5% to ₹374 on Citi’s Buy rating and ₹750 price target, signaling 111% upside despite Q1 revenue missing forecasts. Meyka grades the stock B+.
Apollo Micro Systems Falls 5% After ₹3,322 Crore Fundraise Approval—July 9
Apollo Micro Systems shares fell 5% on July 8 after board approved ₹3,322 crore fundraise via 22.8 million equity shares at ₹416.60 and 56.9 million convertible warrants. Stock up 117.6% in past year.
Budget Changes Slam ‘Bank of Mum and Dad’ as First-Home Buyers Rush—July 9
Family support for first-home buyers drops sharply after 2026 budget changes to negative gearing and capital gains tax. Young buyers rush to purchase before costs rise, but parents pull back on guarantees.
Euro Falls to 1.1425 as Middle East Tensions Spike Oil Prices—July 8
EUR/USD drops to 1.1425 on July 8 as Middle East escalation drives oil to $76.50/barrel and investors flee to safety. ECB rate hike hopes fade amid energy shock.
Bank of Kochi Falls 2.5% as Zentoshin Bankruptcy Exposes ¥1.2B Loan Loss—July 9
Zentoshin bankruptcy with ¥115.2 billion debt hits 200,000 merchants and regional banks. Bank of Kochi discloses ¥1.2 billion loan exposure. Restaurants lose credit card processing, face cash-only crisis.
Jim Cramer’s July 8 Stock Picks: 5 Buys in Market Rotation
Jim Cramer identifies PepsiCo, Caterpillar, Intel, and GE Vernova as buys after market rotation. He says institutional selling has created discounts in quality stocks ahead of earnings and infrastructure buildout.