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DeepSeek AI Launches Ultra-Low-Cost V4-Flash Model Ahead of Potential IPO
DeepSeek AI released the official version of its V4-Flash model on July 31, 2026, undercutting rivals on price by a wide margin. The Chinese startup’s new model costs over 100 times less to operate than Anthropic’s Claude Fable 5, according to research firm Artificial Analysis. The launch comes as DeepSeek AI reportedly prepares for a…
Prysmian Strikes $3.8 Billion Agreement to Buy U.S. Firm Atkore
On August 3, 2026, Italian cable maker Prysmian agreed to acquire U.S.-based electrical products company Atkore in a $3.8 billion cash deal. It is one of the largest industrial acquisitions announced this year. The agreement comes as investment in AI data centers, power grid upgrades, and electrification projects continues to grow. Prysmian plans to expand…
Costco Canada Expands Recall to Toaster Ovens, Go-Karts on July 31
Costco Canada recalls Panasonic toaster ovens, Aston Martin go-karts, and Alfa Croissants due to fire, injury, and mould hazards. Full details on affected lot codes and refund options.
Amazon Stock Jumps After Company Raises 2026 Capex to $220 Billion
On July 31, 2026, Amazon shares climbed after the company announced plans to increase its 2026 capital spending to $220 billion, reflecting a larger commitment to artificial intelligence and cloud infrastructure. The announcement came alongside stronger-than-expected quarterly earnings and solid growth in Amazon Web Services (AWS), easing investor concerns about higher spending. With competition in…
Rentokil (LON: RTO) Plunges 17% Despite Q2 Earnings Beat as Slowing U.S. Pest Demand Weighs on Outlook
Rentokil Initial shares plunged 17.1% on Thursday, July 30, 2026, despite beating quarterly profit estimates. Shares fell to 367.5 pence, their lowest level since September 29, 2025. The pest control giant reported second-quarter adjusted profit before tax of $459 million, ahead of the $442.7 million consensus. Yet weakening North American residential demand overshadowed the beat…
Japan and South Korea Stocks Diverge as Nikkei 225 Jumps 0.93%, KOSPI Falls 1.10%, SK Hynix Slides Over 6%
Asian markets split sharply on Thursday, July 30, 2026, after two brutal days of chip-stock selling. The Nikkei 225 rebounded 0.93% to 62,003.09, recovering some of Wednesday’s losses. South Korea’s KOSPI fell 1.10%, dragged lower by SK Hynix’s 6.50% slide. Regulators moved to cap leveraged ETF exposure amid intensifying volatility concerns across the region. Nikkei…
Korean Stocks Tumble as SK Hynix Drops Almost 20%, AI Chip Rally Loses Steam
On July 29, 2026, Korean stocks came under heavy selling pressure after SK Hynix shares fell nearly 20%, erasing a large part of this year’s AI-driven gains. The decline came despite the chipmaker reporting record revenue and a sharp rise in quarterly profit. Investors had expected even stronger results, and the market responded quickly. The…
USDA Issues Class I Recall of 12,036 Pounds of Maple Leaf Bacon on July 29
USDA recalls 12,036 pounds of Maple Leaf Foods bacon imported from Canada for bypassing mandatory US import reinspection. Affected products sold in Idaho, Oregon, and Washington.
SK Hynix Quarterly Profit Jumps 557% but Falls Short of Market Expectations
On July 29, 2026, SK Hynix reported a 557% increase in quarterly operating profit, helped by strong demand for high-bandwidth memory (HBM) chips used in artificial intelligence (AI) systems. The company also recorded its highest-ever quarterly revenue, reflecting continued growth in AI-driven memory demand. Even so, the results came in below market expectations, and the…