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SpaceX Stock Drops 7% After Q2 Earnings Beat as AI Spending Soars
SpaceX stock fell 7% after reporting Q2 revenue of $7.8B, up 92% YoY, but capital expenditures jumped to $18.4B as the company pursues AI infrastructure investments.
Arashi Inc. Donates ¥50 Million to Kumamoto Earthquake Relief on August 4
Arashi Inc. donated ¥50 million to Kumamoto earthquake relief on August 4, 2026. The group’s corporate entity continues its pattern of large-scale disaster philanthropy following the July 28 earthquake.
HSBC Profit Soars 60% to $10.1B; Announces $1B Buyback on August 4
HSBC’s Q2 pretax profit jumps 60% to $10.1B, beating estimates. Bank plans $1B buyback and 10-cent dividend as net interest income rises 9%.
SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
US and Japan Jointly Support Yen as Dollar Hits 40-Year High on August 4
US Treasury and Japan jointly intervened to support the yen after it hit a 40-year low. Treasury Secretary Bessent seeks Fed help to expand dollar access for future support.
Habita Apologizes After Ordering Workers Back Into Mall Before Fatal Blast
Habita admits instructing two employees to return to Aeon Mall Kumamoto to secure cash after the July 28 earthquake. Both workers died in the explosion that followed. Company apologizes to families.
DeepSeek AI Launches Ultra-Low-Cost V4-Flash Model Ahead of Potential IPO
DeepSeek AI released the official version of its V4-Flash model on July 31, 2026, undercutting rivals on price by a wide margin. The Chinese startup’s new model costs over 100 times less to operate than Anthropic’s Claude Fable 5, according to research firm Artificial Analysis. The launch comes as DeepSeek AI reportedly prepares for a…
Queensland Unveils Victoria Park Olympic Precinct Plan on August 3
Queensland government releases draft Victoria Park precinct masterplan for 2032 Olympics, preserving two-thirds as public green space. Public consultation runs until September 27.