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Tech Stock: SpaceX Shares Retreat to $126 by July 17 After Jumping 19% on IPO Debut
On 17 July 2026, SpaceX shares traded near $126, giving back a large part of the gains made after the company’s much-anticipated IPO. The stock had climbed 19% on its first day of trading and quickly became one of the market’s most closely watched listings. Since then, investor sentiment has shifted from tech stocks, and…
SpaceX Slides Below IPO Price as Lock-Up Expiry Looms, July 20
SpaceX (SPCX) trades at $123, down 45% from peak. Lock-up expiry and Starship delays fuel sell-off. Analysts target $237.78 but valuation concerns persist.
Nintendo’s Palworld Patent Rejected by Japan Office on July 18
Japan Patent Office rejects Nintendo’s touchscreen monster-catching patent, citing 2013 fan game as prior art. The ruling complicates Nintendo’s legal battle with Palworld over patent infringement.
Dollar Tree Closes 75 Stores, Admits Over One-Third Are Substandard
Dollar Tree plans to close 75 stores in 2026 and admits less than one-third of its 9,400 locations are substandard. The company is opening 400 new stores as part of a modernization strategy.
Dollar Tree Closes 75 Stores, Admits Thousands Are ‘Substandard’
Dollar Tree plans to close 75 stores in 2026 while opening 400 new locations. CEO says less than one-third of stores still miss internal standards, down from 42% earlier in the year.
Kafka Apparel Maker Files for Bankruptcy With ¥3 Billion in Debt
Kafka, a women’s and children’s clothing OEM manufacturer in Aichi, Japan, filed for bankruptcy on July 17 with approximately ¥3 billion in liabilities. The company struggled with inventory costs despite strong revenue.
GBI Executes Search Warrant at Yurezz Home Center in Multi-State Fraud Probe
GBI and FBI search Yurezz Home Center in Baxley amid multi-state fraud investigation. Co-owner Richard Altman arrested on July 8 for illegal transmission of monetary funds. Customers urged to report complaints.
Showa Holdings Faces Restructuring as Tokyo Court Approves Receivership on July 17
Showa Holdings (5103.T) enters restructuring after losing control of six subsidiaries and key corporate assets. Stock down 66% in one year. Tokyo court approves receivership petition July 17.
Apple Raises iPhone Prices in Japan by Up to 11% on July 18
Apple raised iPhone prices in Japan by up to 11.3% on July 18 due to yen depreciation. iPhone 17 Pro Max jumped ¥20,000 to ¥214,800. The move comes as memory costs squeeze margins globally.