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Kraken Rebuilds App Around AI Trading Agents on July 10
Kraken is overhauling its app with AI agents that monitor markets and recommend trades based on user goals. The feature keeps users in control while bringing pro-trader speed to everyday investors.
Germany’s Automatic Tax Return System Launches July 1: 11.5M Users Get Pre-Filled Forms
Germany’s new automatic tax return system, live since July 1, lets 11.5 million people review pre-filled forms via Elster app. Users can accept or add deductions. Filing deadline remains July 31.
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.
SK Hynix Surges 13% in Record $26.5B US Debut on July 10
SK Hynix raises $26.5 billion in record US IPO, largest foreign listing ever. Stock surges 13% on first day as AI chip demand drives memory shortage.
SK Hynix Surges 14% in Record $26.5B Nasdaq Debut on July 10
SK Hynix debuts on Nasdaq with 14% gain in $26.5B offering, the largest US listing by a foreign firm. The chip maker supplies critical AI memory as South Korea invests $880B in semiconductor capacity.
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.
US Launches Major H-1B Fraud Probe; Cognizant Named by Labor Inspector
US Department of Labor launches major H-1B visa fraud investigation. Cognizant named in whistleblower complaints. Labor inspector cites dozens of subpoenas issued for alleged wage-kickback schemes and labor trafficking.
Meta Jumps 6% on New AI Cloud Business and Pricing Strategy, July 11
Meta stock climbs 6% as CEO Zuckerberg unveils cloud computing rental plans and cuts AI model pricing to undercut OpenAI and Anthropic. Stock now positive for the year.
SK Hynix Jumps 13% in Record $26.5B US Nasdaq Debut on July 10
SK Hynix raises $26.5B in record US IPO, jumps 13% on first day. Memory chip demand from AI boom drives historic debut, largest foreign listing ever.