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DBS Saturday Savings Plan Launches July 18: S$3 Off Eggs and Rice at Sheng Siong, Giant
DBS launches Saturday Savings Plan from July 18 to Aug 29, offering S$3 discounts on eggs and rice at Sheng Siong and Giant supermarkets for cardholders. Part of bank’s S$10M cost-of-living push.
SK Hynix Surges 13% in Record $26.5B Nasdaq Debut on July 10
SK Hynix debuts on Nasdaq with $26.5B raise, closing up 13%. The South Korean chipmaker supplies high-bandwidth memory to Nvidia and faces exponential AI demand that outpaces its doubled production plans.
XPeng Robotaxi Enters Testing as CEO Takes First Autonomous Ride
XPeng starts robotaxi testing in Guangzhou with CEO’s first ride. Stock up 1.5% as company targets 2026 commercialisation. Meyka rates XPEV a B with $25.30 yearly forecast.
NVDA Bounces 4% as Memory Chip Shortage Eases AI Bottleneck
Nvidia stock climbs 4% on July 10 after a $1 trillion market cap decline. Memory chip shortage eases, but competition from Micron and others intensifies as AI infrastructure demand shifts.
Carnival Declares $0.15 Quarterly Dividend on July 9, 2026
Carnival Corporation declares $0.15 quarterly dividend payable August 28, 2026. Fourth consecutive quarterly payout since December 2025 reinstatement. Stock trades at $26.83 with 2.25% yield.
DBS Saturday Savings: S$6 Off Eggs and Rice From July 18
DBS and POSB cardholders get S$3 off eggs and S$3 off rice every Saturday at Giant and Sheng Siong from July 18 to August 29. No minimum spend required. Seven Saturdays total.
Prime’s Australian Distributor Collapses Into Administration With £4.8M Debt
Prime’s Australian distributor Congo Brands Australia enters administration owing AU$7.92 million with only AU$84,855 cash. Sales fell 53% to AU$14.5 million in 2024.
Nissan Shifts 400 Workers to Kyushu as Restructuring Accelerates
Nissan Motor relocates 400 workers from Kanagawa to Kyushu plants amid global restructuring. Stock trades at ¥310.50 with Meyka grade C and negative earnings outlook.
Cognizant Stock Falls 1.9% as US Launches H-1B Visa Fraud Probe, July 11
Cognizant faces scrutiny in Trump administration’s H-1B visa fraud investigation. Labor officials have issued dozens of subpoenas targeting alleged labor trafficking and wage-kickback schemes in the visa program.