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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…
Micron Technology Inc (NASDAQ: MU) Stock Gains 0.94% as AI Infrastructure Drives Memory Market Growth
Micron Technology Inc closed higher after its stock rose 0.94%, as investors continued to focus on companies supplying memory products for artificial intelligence systems. The expansion of AI data centers is driving higher demand for advanced memory, giving Micron Technology Inc added exposure to one of the fastest-growing areas in technology infrastructure. / The latest…
Proxima Fusion Raises €411 Million Backed by Google and RWE to Advance Fusion Energy
On July 7, 2026, German fusion energy startup Proxima Fusion announced a €411 million funding round backed by major technology and energy companies, including Google and RWE. The investment supports the company’s plans to develop commercial fusion power using advanced stellarator technology. Proxima Fusion is working to address some of the technical challenges in fusion…
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…
Australian Economy Faces Worst Slowdown Since 1990s Recession
The Australian economy is heading toward its weakest stretch of growth since the early 1990s recession. Deloitte Access Economics now forecasts GDP growth of just 1.3% for 2026/27. That follows a downgrade from an earlier estimate of 1.9%. Inflation, rate hikes, and weak productivity are driving this slowdown across the country. Growth Forecasts Fall Sharply…
Samsung Electronics Co Ltd Falls 9.12% Despite Record 2Q Profit
Samsung Electronics shares dropped 9.12% on July 7, 2026, even after posting record quarterly profit. The company reported preliminary Q2 operating profit of 89.4 trillion won ($58.4 billion). That figure surged 1,810.3% year over year. Investors sold into the news anyway, triggering a sharp single-day decline across South Korea’s chip sector. Samsung Electronics Posts Record…
ByteDance and Alibaba Disable Custom AI Companion Features Ahead of China’s July 15 AI Regulations
China’s new AI rules will take effect on July 15, 2026, prompting major technology companies to adjust their products before the deadline. In response, ByteDance and Alibaba have started disabling custom AI companion features in their chatbot platforms to comply with the upcoming regulations. The decision reflects China’s stronger oversight of AI safety, transparency, and…
Nasdaq Futures Jump 1% to Lead Wall Street Higher; S&P 500 Futures Gain 0.4% After Long Holiday Weekend
On July 7, 2026, U.S. stock futures pointed to a positive start for Wall Street following the long Independence Day holiday weekend. Nasdaq futures rose about 1%, while S&P 500 futures added roughly 0.4% as investors returned to technology stocks. Traders are also preparing for a busy week that includes Federal Reserve updates, fresh economic…