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Sony Files Layoff Notice At Bellevue-based Video Game Company
The latest Sony layoffs have once again put the gaming industry in focus. Sony’s game studio, Bungie, has filed a layoff notice covering hundreds of employees at its Bellevue, Washington headquarters as the company restructures following the end of new content for Destiny 2. The move comes as Sony continues to reshape its live service…
Stock Market Closed Today: BSE, NSE Observe Muharram Holiday; MCX Opens for Half Day
Today’s stock market holiday brings a complete halt to Indian equity trading. Indian stock markets are closed on June 26 for Muharram, with no trading in equity, derivatives, currency, SLB, and electronic gold receipts (EGR) on this day. Muharram marks the 10th listed holiday of 2026 out of 16 total scheduled trading holidays. Since Friday’s…
Kospi Slumps as SoftBank Selloff Hits Asian Markets
Asian stock markets came under heavy pressure on June 26, 2026, as a sharp selloff in SoftBank shares triggered fresh concerns across the technology sector. South Korea’s Kospi also fell, with chip giants leading the losses as investors pulled back from AI-related stocks after months of strong gains. The market reaction highlights growing caution over…
Asian Stocks Fall as Apple-Led Tech Selloff Hits Seoul and Tokyo
Global equity markets ended the week on a weaker note as Asian Stocks slipped after a sharp decline in major US technology shares. Investor sentiment turned cautious after Apple announced price increases for several products, raising concerns about inflation, consumer demand, and technology sector valuations. The selling pressure spread quickly across Japan and South Korea,…
MCX Gold Price Drops 0.37%, Silver Slides 1.07% Amid Rising US Fed Rate Hike Expectations
On June 25, 2026, MCX Gold futures faced fresh selling pressure as hawkish US Federal Reserve signals rattled bullion markets. Gold futures (August contract) on the Multi-Commodity Exchange opened at Rs 1,45,000 per 10 grams, down Rs 1,528 or 1.04% from the previous close of Rs 1,46,529. Silver followed suit, deepening losses from the prior…
ByteDance in Talks with Banks for $20B Offshore Loan, Bloomberg Reports Major Funding Move
ByteDance, the parent company of TikTok, is reportedly exploring one of the biggest funding deals in the global technology sector this year. The Chinese tech giant is in early discussions with lenders for a $20 billion offshore loan, a move that could significantly strengthen its financial position as competition in artificial intelligence intensifies. The development…
Meta Cuts 8,000 Jobs After Record $56.3B Quarter and $921M Executive Options
Meta entered 2026 with strong momentum. The company reported a record $56.3 billion in quarterly revenue and billions in profit, showing the strength of its advertising business. Yet, in a surprising move, Meta announced plans to cut around 8,000 jobs while increasing its focus on artificial intelligence. The decision has drawn even more attention because…
Nvidia AI Chip Demand in China Sends Black Market Prices Soaring Over 100%
China’s race to build artificial intelligence models is creating an unexpected market boom for restricted chips. The NVIDIA AI Chip has become one of the most sought-after technology products in China, with some high-end systems now selling for more than double their original prices. Rising AI demand, tighter export controls, and shrinking supply routes have…
SpaceX Shares Plunge 31% From Post-IPO Peak, Fall Over 16% in One Day Despite Raising $85 Billion in Landmark Listing
SpaceX has witnessed a sharp reversal in investor sentiment just days after completing the largest IPO in market history. After soaring following its Nasdaq debut, the stock has now fallen about 31% from its post IPO peak and dropped more than 16% in a single trading session, erasing a large portion of its early gains….