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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…
Alphabet (NASDAQ: GOOG) Stock Falls 3.79% on July 16: What Investors Need to Know
Alphabet (NASDAQ: GOOG) came under renewed selling pressure on July 16, 2026, with its Class C shares declining 3.79% during the trading session. The move stood out because the broader Software & IT Services sector gained 0.82%, highlighting company-specific concerns rather than a broad technology selloff. Investors closely watched regulatory developments, AI competition, and changing…
Dow Futures Climb, Nasdaq Futures Fall 0.7% as TSMC Earnings Trigger Chip Stock Selloff
On 16 July 2026, U.S. stock futures pointed in different directions before the opening bell. Dow futures edged higher, while Nasdaq futures dropped about 0.7% after investors reacted to Taiwan Semiconductor Manufacturing Co.’s (TSMC) latest earnings. Although the chipmaker posted strong results and maintained a positive outlook for AI demand, semiconductor shares still came under…
Rotork (LSE: ROR) Agrees to £4.1 Billion Takeover by ABB (SWX: ABBN) in Major UK M&A Deal
On 16 July 2026, ABB (SWX: ABBN) agreed to acquire Rotork (LSE: ROR) in a £4.1 billion all-cash deal, making it one of the largest UK industrial acquisitions announced this year. The offer gives Rotork shareholders a substantial premium while expanding ABB’s industrial automation and smart flow control business. It also comes as overseas buyers…
FTSE 100 Today: UK Stocks Slip 0.37% as Iran Tensions Overshadow Stronger-Than-Expected GDP Growth
The FTSE 100 fell 0.37% Thursday morning, extending Wednesday’s modest decline. That drop came despite UK GDP data beating expectations by a wide margin. The economy grew 0.7% in the three months to May, well above forecasts of 0.5%. Annual growth accelerated to 1.3%, its fastest pace in 13 months. Fresh Iran threats overshadowed that…
MRPL (NSE: MRPL) Shares Surge After Q1 Profit Jumps to ₹945.68 Crore and Revenue Rises 46%
MRPL shares rallied after the company posted a consolidated net profit of ₹945.68 crore for Q1 FY27, reversing a loss of ₹270.66 crore in the same quarter last year. Revenue from operations climbed 46.12% year-on-year to ₹41,608.96 crore, results the board approved on July 15, 2026. MRPL closed at ₹156.96 on July 14, just ahead…
Alaska Port Whittier Prepares 20-Year Mobility Plan as Tourist Numbers Continue to Rise
Alaska’s Port of Whittier is planning ahead as visitor numbers keep increasing. In July 2026, local officials began work on a 20-year mobility plan focused on improving transportation, traffic flow, and public access around the busy port. Whittier is the main access point to Prince William Sound and a popular stop for cruise passengers, so…
Hyundai Motor to Make Boston Dynamics a Wholly Owned Unit by Buying SoftBank Stake
Hyundai Motor Group is finalizing full ownership of Boston Dynamics this month. The automaker will buy SoftBank Group’s remaining 9.65% stake for $325 million. This move ends a multi-year ownership arrangement dating back to 2021. Hyundai originally paid $880 million for an 80% controlling stake that year. The deal values Boston Dynamics at a far…
ASX Midday: Telstra (ASX: TLS) Edges Higher as BHP (ASX: BHP) Drops Nearly 3% on $900M Iron Ore Project
ASX midday trading on July 16, 2026, showed a mixed picture across major sectors. Telstra edged higher, building on Wednesday’s close near $4.89. BHP fell nearly 3% after unveiling a $900 million iron ore investment. The S&P/ASX 200 stayed roughly flat, down 0.3% in early Asia-Pacific trading. This ASX midday session highlights how commodity spending…