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Korean Stocks Tumble as SK Hynix Drops Almost 20%, AI Chip Rally Loses Steam
On July 29, 2026, Korean stocks came under heavy selling pressure after SK Hynix shares fell nearly 20%, erasing a large part of this year’s AI-driven gains. The decline came despite the chipmaker reporting record revenue and a sharp rise in quarterly profit. Investors had expected even stronger results, and the market responded quickly. The…
Agentic AI Powers OCBC’s Faster Wealth Client Onboarding With HELIOS Platform
On July 29, 2026, OCBC introduced HELIOS, an agentic AI platform built to speed up wealth client onboarding while maintaining strict compliance standards. The bank says the platform can complete onboarding in as little as 15 business days, much faster than the industry average of about six weeks. As competition for high-net-worth clients increases, private…
FTSE 100 Today: Index Gains 0.50% as Earnings Boost UK Stocks Despite Middle East Strikes
The FTSE 100 gained 0.50% by mid-morning trading on Wednesday, July 29, 2026. Strong earnings from Standard Chartered, Reckitt Benckiser, and Rio Tinto drove the rally. This extended Tuesday’s 0.90% gain, when the index closed at 10,878.85. The advance came despite fresh US and Saudi military strikes against Iran-backed groups in Iraq. FTSE 100 Extends…
USDA Issues Class I Recall of 12,036 Pounds of Maple Leaf Bacon on July 29
USDA recalls 12,036 pounds of Maple Leaf Foods bacon imported from Canada for bypassing mandatory US import reinspection. Affected products sold in Idaho, Oregon, and Washington.
SK Hynix Quarterly Profit Jumps 557% but Falls Short of Market Expectations
On July 29, 2026, SK Hynix reported a 557% increase in quarterly operating profit, helped by strong demand for high-bandwidth memory (HBM) chips used in artificial intelligence (AI) systems. The company also recorded its highest-ever quarterly revenue, reflecting continued growth in AI-driven memory demand. Even so, the results came in below market expectations, and the…
UBS Q2 Profit Jumps 17% to $2.8 Billion, Beating Market Expectations
UBS reported second-quarter net profit of $2.8 billion on Wednesday, July 29, 2026. That marks a 17% jump from the same period last year. The result crushed analyst expectations of $2.38 billion comfortably. Investment banking revenue surged 26%, delivering a record second quarter for the division. UBS also announced a new $3 billion share buyback…
Vanguard Quietly Builds Nearly $1 Billion Strategy Stake Despite Bitcoin ETF Stance
Vanguard has increased its stake in Strategy Inc by $50 million, pushing its holding close to $1 billion. The asset manager now holds roughly 10.5 million shares of the Bitcoin treasury company. This comes despite Vanguard’s long-standing refusal to offer spot Bitcoin ETFs on its brokerage platform. The firm’s exposure stems from passive index tracking,…
Best High ROE Tech Stocks With Strong Growth Potential in 2026
Return on Equity (ROE) is one of the first metrics many investors check when assessing technology stocks in 2026. With artificial intelligence, cloud computing, and semiconductor demand driving earnings, companies that generate strong returns from shareholder capital continue to attract attention. In July 2026, several major tech firms reported solid profits even as they increased…
Burnham’s Inheritance Tax Plan: 10% Rise and Pension Changes From April 2027
Burnham eyes 10% inheritance tax rise to fund social care. From April 2027, pension death benefits become taxable. Nil-rate band frozen at £325,000 since 2009.