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US Launches Major H-1B Fraud Probe; Cognizant Named by Labor Inspector
US Department of Labor launches major H-1B visa fraud investigation. Cognizant named in whistleblower complaints. Labor inspector cites dozens of subpoenas issued for alleged wage-kickback schemes and labor trafficking.
Meta Jumps 6% on New AI Cloud Business and Pricing Strategy, July 11
Meta stock climbs 6% as CEO Zuckerberg unveils cloud computing rental plans and cuts AI model pricing to undercut OpenAI and Anthropic. Stock now positive for the year.
DAX Slips 0.20% as SAP Antitrust Deal Weighs on German Stocks
DAX drops 0.20% to 25,107 on July 10 as SAP accepts EU antitrust commitments on maintenance contracts. German index faces valuation pressure with P/E at 17.59.
Thai Sailors Sue Shipping Firm Over Hormuz Attack Deaths
Three Thai sailors seek over 1 million baht each in damages from Precious Shipping after their ship was attacked in the Strait of Hormuz in March, killing three crew members and leaving survivors with PTSD.
OpenAI’s No. 2 Executive Fidji Simo Steps Down After Medical Leave
OpenAI’s Fidji Simo steps down from full-time CEO role after three-month medical leave for POTS, a chronic neuroimmune condition. Her duties split among Greg Brockman, Sarah Friar, and Jason Kwon.
Prime’s Australian Distributor Collapses Into Administration With $7.92M Debt
Logan Paul’s Prime drink distributor in Australia enters administration with AU$7.92M in debt and AU$14.5M in revenue for 2024, down 53% from prior year.
SK Hynix Jumps 13% in Record $26.5B US Nasdaq Debut on July 10
SK Hynix raises $26.5B in record US IPO, jumps 13% on first day. Memory chip demand from AI boom drives historic debut, largest foreign listing ever.
Best Dividend Stocks to Buy in July 2026: 4% Yields and Rising
Top dividend stocks yielding 4% to 6.6% in July 2026. Analysts favor Verizon, Permian Resources, Copa Holdings, and Best Buy for reliable income and upside potential.
Volkswagen Slashes 50% of Models, Cuts 100,000 Jobs by 2030—July 11
Volkswagen plans to slash 50% of its model range and cut 100,000 jobs by 2030 to combat falling profits and Chinese competition. The restructuring faces union opposition after supervisory board rejection on July 10.