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Verizon (NYSE: VZ) to Sell 274 Stores and Cut About 3,000 Jobs in Major Restructuring
Verizon is reshaping its retail business with another major restructuring effort. On July 16, 2026, the U.S. wireless carrier announced plans to sell 274 company-owned retail stores and eliminate about 500 corporate positions, affecting roughly 3,000 retail and corporate employees. The store transactions will become effective on August 16, 2026, leaving Verizon with approximately 1,000…
SBI Funds Management IPO Day 3 Updates: Check Live Subscription, Allotment Date; SBI Shares Drop 0.18%
The SBI Funds Management IPO entered its third and final day of bidding on July 16, 2026, with strong interest from both retail and institutional investors. As the issue moves toward closing, investors are closely watching the latest subscription figures, Grey Market Premium (GMP), and the allotment schedule. Meanwhile, State Bank of India (SBI) shares…
Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
Hardee’s franchisee Superior Star files Chapter 11 bankruptcy on July 9, putting 59 stores at risk across 10 states due to a $7.04 million seller financing dispute and hidden liabilities from its 2023 acquisition.
Nvidia Corp (NVDA) Rises 4.06% as Mizuho Financial Group Partners With Chipmaker to Build In-House AI Platform
Nvidia Corp shares climbed 4.06% on July 15, 2026, closing near $211.80. The rally followed news that Mizuho Financial Group will partner with Nvidia Corp to build an in-house AI platform. The Japanese banking giant aims to protect sensitive customer data by avoiding external AI tools. Nvidia’s market capitalization now sits near $5.13 trillion. This…
Mowi (OSE: MOWI) Shares Rise 3.4% as Q2 Salmon Harvest Tops Guidance and EBIT Climbs 23%
Mowi shares rose 3.4% Wednesday after the salmon farmer’s Q2 trading update beat expectations. Mowi reported operational EBIT of EUR 231 million, up 23% from EUR 189 million. The company harvested 150,000 tonnes during the quarter, a record for any second quarter. That volume topped Mowi’s own guidance of 140,000 tonnes by a wide margin. …
PayPal Stock at $47.37 as Stripe Offers $60.50 Per Share in $53 Billion Buyout Bid
PayPal stock has moved back into focus after reports on July 15, 2026, said that Stripe and private equity firm Advent International had offered $60.50 per share in a proposed $53 billion buyout. The offer values PayPal well above its recent trading price of $47.37 and has sparked fresh interest in what could become one…
Adani Power Ltd Drops 1.84% to ₹222 as Trading Volume Surges Above 71 Lakh Shares
Adani Power Ltd stayed in the spotlight on July 13, 2026, after its share price fell 1.84% to ₹222, while trading volume crossed 71 lakh shares. A jump in trading activity like this usually points to strong participation from both buyers and sellers, making the stock one of the most closely tracked counters during the…
IBM Stock Crashes 25% on July 14 as Q2 Earnings Miss Signals Budget Shift
IBM stock crashes 25% to $217.07 after missing Q2 targets. Customers shifted capex to servers and memory amid AI demand. Dell and HPE gain as hardware demand stays strong.
Tower Semiconductor Stock Soars 18% to $271.90 After $3 Billion Japan Investment Plan
Tower Semiconductor stock soared as much as 18% Tuesday to $271.90 in premarket trading. The surge followed the company’s announcement of a $3 billion Japan investment plan. Tower Semiconductor will expand its Silicon Photonics and Silicon Germanium manufacturing capacity. The Japanese government is providing about $1 billion in grants for the project. Tower Semiconductor also…