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135% Upside, Says One Bank. So Why Did SpaceX Just Lose $500 Billion?
SpaceX stock has lost more than $500 billion in market value since its June 12, 2026 IPO. Shares priced at $135 have since traded as low as $104.83. Yet Morgan Stanley maintains a $300 price target, implying substantial upside from current levels. SpaceX now heads into its first-ever public earnings report on Tuesday, August 4,…
Bitcoin (BTC) Holds Above $63,800, Gains 1.73% Despite ETF Outflows; Hyperliquid (HYPE) Jumps 4.03%
Bitcoin trades at $63,800 on Tuesday, advancing after Monday’s mild correction. The move comes even as last week’s broader ETF outflow trend still weighs on sentiment. US spot Bitcoin ETFs flipped positive Monday, pulling in $170.09 million in fresh inflows. Hyperliquid extended its rebound for a third straight session, climbing back above its 200-day moving…
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…
KEI Industries (NSE: KEI) Surges 8% After Q1 Profit Jumps 40% YoY; Domestic Wires & Cables Business Grows 29%
KEI Industries shares surged 8% on the NSE after strong Q1 FY27 results were announced on August 3, 2026. Net profit jumped 40% year-on-year to ₹274 crore for the quarter ended June 30, 2026. The domestic wires and cables segment grew 29% during the period. Strong margins and steady domestic demand drove this sharp rally….
South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
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…
Trump’s Approval Rating Hits 36% Nationally, Underwater in Every Swing State
Trump’s national approval rating stands at 36%, with 59% disapproving. State-by-state data shows him trailing in every swing state three months before the midterm elections.
Microsoft Surges 7.3% After $450B Single-Day Record on Azure Boom
Microsoft stock jumped 7.3% to $484.03 on July 30 after reporting strong cloud earnings. Azure revenue grew 43%, exceeding forecasts, and future commitments hit $678 billion.
Shell Completes Renewable Energy Deal With TotalEnergies Across Four European Markets
On August 3, 2026, Shell completed a renewable energy deal with TotalEnergies, transferring a portfolio of solar, wind, and battery storage assets across the UK, Spain, Italy, and the Netherlands. The agreement reflects different approaches to the clean energy transition among Europe’s largest energy companies. Shell is tightening its investment focus, while TotalEnergies is adding…