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Capita (LON: CPI) Stock Plunges 15.1% After UK Government Statement on Civil Service Pension Contract
Capita shares fell 15.1% on Tuesday, July 7, 2026, after a ministerial statement on its pension contract. Some reports put the intraday drop as high as 16%. The Paymaster General criticized Capita’s handling of the Civil Service Pension Scheme. This marks another setback in Capita’s troubled outsourcing history. What Triggered Capita’s Stock Plunge Cabinet Office…
Samsung Profits Surge 1,800% as AI Memory Chip Demand Drives Record ₩89.4 Trillion Quarterly Operating Profit and ₩171 Trillion Sales
Samsung posted a record second-quarter operating profit of 89.4 trillion won, up 1,810.3% year-over-year. The company reported revenue of 171 trillion won, compared with 133.9 trillion won last quarter. AI-driven memory chip demand powered this surge. The results mark Samsung’s third consecutive record quarter this year. Samsung Posts Record Profit on AI Memory Demand Samsung…
Google DeepMind Expands Gemini AI Team as Feryal Behbahani Announces Hiring for Agent Post-Training Research
Google DeepMind is adding more researchers to its Gemini AI team as competition to build capable AI agents continues to grow. DeepMind researcher Feryal Behbahani recently announced an opening for an Agent Post-Training Research role focused on improving how Gemini thinks, plans, and handles complex tasks after its initial training. The hiring reflects Google’s continued…
Tesla Robotaxi Launches in Miami, Sending Tesla Stock up more than 6.6% to $419.77
Tesla Robotaxi expanded into Miami on July 3, 2026, its first market outside Texas and California. Tesla stock jumped 6.69% Monday, closing at $419.77. The rally followed a rough week that saw shares drop 7.5% despite record Q2 deliveries. Investors now watch whether Robotaxi can meaningfully move Tesla’s bottom line. Tesla Robotaxi Enters Miami Fully…
Info Edge Shares Surge 12% to ₹1,144.50 After Q1 Billings Rise 14.4% to ₹737 Crore
Info Edge shares jumped nearly 12% on July 7, 2026, reaching ₹1,144.50 after the company reported strong Q1 FY27 business growth. The rally came after the company posted a 14.4% year-on-year rise in billings to ₹737 crore, reflecting stronger demand across its digital platforms. Investors responded positively as the numbers pointed toward better earnings potential…
Kalyan Jewellers Shares Fall Nearly 9% Despite 38% Q1 Revenue Growth; Stock Hits ₹348.35 Intraday Low
Kalyan Jewellers caught investors off guard on July 7, 2026. The company’s shares dropped nearly 9% and touched an intraday low of ₹348.35, even after reporting a strong 38% year-on-year increase in consolidated revenue for the first quarter of FY27. The sharp sell-off left many investors wondering why the market reacted negatively to what appeared…
Richard White Resigns as WiseTech Global Chairman, Raelene Murphy Named Independent Chair
On July 7, 2026, WiseTech Global announced that co-founder Richard White had stepped down as Executive Chairman, bringing another leadership change to the Australian logistics software company. The board appointed Raelene Murphy as Independent Chair with immediate effect. The announcement follows months of governance concerns and investor scrutiny. As WiseTech looks to restore confidence, investors…
Trent Stock Down 10.81% After Slower Growth Warning
Trent stock fell 10.81% on July 7, 2026, hitting a low of ₹2,986 on the NSE. The Tata Group retailer reported 19% year-on-year standalone revenue growth for Q1 FY27. That figure missed analyst estimates of 22-23% growth. Weak store productivity and a slower expansion pace triggered the sharp selloff. Trent Stock Falls on Revenue Growth…
China Smartphone Sales Fall 13% During 618 Shopping Festival
China’s smartphone market had a weak showing during the 2026 618 Shopping Festival, one of the country’s largest annual shopping events. Between May 26 and June 21, 2026, smartphone sales fell 13% year over year, even after weeks of promotions and discounts. The decline points to softer consumer spending and higher smartphone prices driven by…