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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.
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.
German Court Orders Liebich Extradition From Czech Republic on July 8
Czech Republic approves extradition of Marla Svenja Liebich to Germany to serve 18-month sentence for hate speech and incitement. Transfer expected within ten days.
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.
Bitcoin Falls 3% to $61,480 as Trump Declares Iran Ceasefire ‘Over’
Bitcoin dropped more than 3% to $61,480 on July 8 after Trump declared the Iran ceasefire ended and threatened new strikes, rattling crypto and stock markets amid renewed geopolitical tension.
Canada’s $70B UAE Investment Stalled: No Projects Ready by July 8
Canada’s Major Projects Office told UAE officials it has no ready projects for the $70 billion investment pledge. None of the funds have been deployed since November 2025.
RVRC Holding (STO: RVRC) to Acquire 90.1% of ICANIWILL in SEK 700 Million Deal
RVRC is expanding its presence in the Nordic sportswear market through a major acquisition announced on July 8, 2026. RVRC Holding AB, the parent company behind outdoor apparel brand RevolutionRace, has agreed to acquire 90.1% of sportswear company ICANIWILL (ICIW). The transaction values the business at SEK 700 million on a cash and debt-free basis,…
SGH and NHG Health Warn of Fake Product Ads on TikTok—July 9
SGH and NHG Health warn of fake TikTok ads featuring impostors in hospital uniforms promoting unapproved health products. Both institutions deny association and urge caution.
OBR Warns UK Debt Could Spiral to 300% of GDP by 2076 Without Action
UK’s fiscal watchdog warns debt could hit 300% of GDP by 2076 without urgent action. State pensions and health spending to surge as population ages.