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Baidu (NASDAQ: BIDU) Shares Surge 7% After Report Says AI Chip Unit Kunlunxin Targets $50 Billion Valuation in Hong Kong IPO
Baidu shares surged nearly 7% on June 29, 2026, after reports revealed that its AI chip subsidiary, Kunlunxin, is targeting a Hong Kong IPO with a valuation of up to $50 billion. The news has sparked strong investor interest and renewed attention on China’s rapidly expanding AI semiconductor sector. As competition in artificial intelligence intensifies…
Gold Price Today: MCX Gold Falls 0.56% to ₹1,43,350 as US-Iran Escalation Fuels Inflation Worries
The Gold Price in India moved lower during the latest trading session as traders reacted to fresh geopolitical developments in the Middle East. On the Multi Commodity Exchange, August gold futures declined by 0.56%, or around ₹804, to ₹1,43,350 per 10 grams. The decline came even as global uncertainty remained high, showing that investors are…
Toyota Motor (–7.2%) Global Vehicle Sales Fall for 4th Straight Month Amid China & Middle East Slowdown
Toyota Motor (TM) is navigating its worst multi-month sales stretch in years. Global sales in May, including those of subsidiary Daihatsu Motor Co., fell 7.4% from a year earlier to 885,207 units, pushing the world’s top-selling automaker into a fourth straight month of declines. The back-to-back slide reflects a perfect storm geopolitical disruption in the…
Ola Electric Consumer Case: District Commission Orders Free Repair & ₹45,000 Compensation After Trunk Lock Failure in S1 Pro
Ola Electric is back in consumer court headlines. A District Consumer Disputes Redressal Commission has directed the company to carry out a free repair of an Ola S1 Pro trunk lock failure and pay ₹45,000 in total compensation for service deficiency and mental agony. The order adds to a growing list of consumer rulings against…
GOOG Stock Today: Alphabet Inc. Class C Drops 2.19% Despite TrueMark Investments LLC’s New Investment
GOOG stock faced fresh selling pressure on June 28, 2026, even as institutional interest stayed intact. TrueMark Investments LLC purchased a brand-new position in Alphabet Inc. Class C during Q1 2026, filing its disclosure via Form 13F with the SEC. GOOG opened the session at $340.98 on June 29, trading in a range of $333.69…
Volkswagen CEO Plans To Cut 100,000 Jobs In Major Overhaul
Volkswagen is preparing for one of the biggest restructuring plans in its history. Reports suggest CEO Oliver Blume wants to reduce the global workforce by as many as 100,000 employees over the next few years while lowering investment spending and reshaping the group’s business. The reported plan comes as the German automaker faces slower demand…
Stock Market Closed Today: BSE, NSE Observe Muharram Holiday; MCX Opens for Half Day
Today’s stock market holiday brings a complete halt to Indian equity trading. Indian stock markets are closed on June 26 for Muharram, with no trading in equity, derivatives, currency, SLB, and electronic gold receipts (EGR) on this day. Muharram marks the 10th listed holiday of 2026 out of 16 total scheduled trading holidays. Since Friday’s…
Elon Musk Loses Trillionaire Status as Tesla and SpaceX Valuations Fall
As of June 2026, Elon Musk is no longer a trillionaire after falling valuations at Tesla and SpaceX (SPCX) stock erased billions from his estimated fortune. The sharp decline came as technology stocks faced renewed selling pressure and investors pulled back from high-growth companies. Even after the setback, Musk remains the world’s richest person, showing…
S&P 500, Dow Futures Rise Despite Big Tech Losses and Hot Inflation; AAPL, MSFT, BABA in Focus
U.S. stock market futures edged higher on June 27, 2026, even as major technology stocks faced renewed selling pressure and fresh inflation data came in hotter-than-expected. The surprising market resilience has shifted investors’ attention to whether the broader rally can continue despite concerns over interest rates. At the center of the action are Apple (AAPL),…