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Volkswagen Slashes 50% of Models, Cuts 100,000 Jobs by 2030—July 10
Volkswagen plans to cut 50% of models and slash 100,000 jobs by 2030 as CEO Oliver Blume unveils radical restructuring. Production capacity falls from 10M to 9M vehicles annually.
TTC Bus Driver Assaulted at Wilson Station; Suspect Charged—July 9
TTC bus driver assaulted with weapon at Wilson Station on July 8. Suspect arrested and charged. CEO Mandeep Lali calls violence against transit employees unacceptable.
Teen dies in Gorseinon crash; 18-year-old arrested on murder charge July 9
An 18-year-old died in a Gorseinon crash on July 9. Police arrested an 18-year-old on suspicion of murder, dangerous driving, and drug-driving. Multiple roads remain closed.
SCHD ETF Surges 19.84% YTD as Dividend Stocks Outpace Growth—July 10
SCHD ETF returns 19.84% YTD with $13B inflows as dividend stocks beat S&P 500. 0.06% expense ratio, 3.3% yield. Meyka grades it B/Hold with $32.45 target.
Sensex crashes 1,677 points as Trump ends Iran ceasefire on July 8
Sensex fell 1,677 points and Nifty50 dropped 517 points on July 8 as Trump ended the Iran ceasefire, sending oil prices up 7.4% and erasing ₹8 lakh crore in investor wealth.
Apollo Micro Systems Acquires 41% of Premier Explosives for ₹1,550 Cr—July 10
Apollo Micro Systems acquires 41% stake in Premier Explosives for ₹1,550 crore. Deal combines defense electronics with missile propellants, creating integrated defense manufacturer.
Kusumgar IPO Closes July 10: 6.31x Subscribed, ₹160 GMP—What Investors Need to Know
Kusumgar IPO closes 6.31x oversubscribed with ₹160 grey market premium. Price band ₹398–₹419. Listing July 15 on NSE and BSE. Check subscription status and key dates.
Tokyo Electron Stock Jumps 2.3% as Chip Equipment Demand Surges—July 10
Tokyo Electron (8035.T) rises 2.3% as Japan’s chip equipment market grows 26% to ¥6.55 trillion in FY2026. DRAM and AI server demand drive record orders.
Dell Stock Surges 9% on Trump Endorsement, Raising Ethics Questions—July 9
Dell stock surged 9% after Trump’s endorsement at the White House on July 6. The move marks a pattern of gains tied to Trump’s public praise, though strong AI server demand and record earnings also fuel the rally.