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Toncoin USD Drops 7.4% to $1.529 as Volume Slumps 54% Below Average
TONUSD fell 7.4% to $1.529 on July 16, 2026, with volume at 127.5M, well below the 276.6M average.
Hyperliquid USD Falls 6.7% to $62.38 as Volume Dips Below Average
HYPEUSD dropped 6.7% to $62.38 in 24 hours on below-average trading volume of 441 million, signaling weak momentum.
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…
CXMT’s $8.6 Billion IPO to Generate at Least $41 Million in Fees for Chinese Investment Banks
CXMT’s $8.6 billion Shanghai IPO is set to generate substantial fees for underwriters. The memory chipmaker priced shares at 8.66 yuan, or $1.28 apiece. That values CXMT’s business at roughly $85.2 billion upon its Shanghai Star Market debut. CXMT’s offering surpasses SMIC’s 2020 record as the largest chip IPO in China. Subscriptions opened Thursday, July…
Dogecoin Price Rises as Binance Sees $1.2 Billion in Memecoin Outflows Amid Cooling U.S. Inflation
On 16 July 2026, Dogecoin moved higher even as Binance recorded $1.2 billion in memecoin outflows, a combination that caught many traders off guard. The rally followed cooler U.S. inflation data, which improved market sentiment and increased demand for risk assets. Many expected continued selling to drag meme coins lower, but DOGE went in the…
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…
MTY Food Group to Close 45-50 Papa Murphy’s Stores by Year End
MTY Food Group plans to close 45-50 Papa Murphy’s stores by year-end amid competitive pressures. Parent company shuttering 68 underperforming locations that lost $10M+ annually.
South Korea Eyes New ETF Regulations as Leveraged Funds Face Increased Scrutiny
South Korea’s ETFs tracking single stocks are facing a fresh regulatory crackdown. Financial Services Commission Chairman Lee Eog-weon confirmed Thursday, July 16, 2026, that new measures on leveraged ETFs are coming soon. The announcement follows weeks of market turmoil tied to products built around Samsung Electronics and SK Hynix, Korea’s two largest chipmakers. President Lee…
IBM Shares Crash 25% on July 14 as AI Spending Reshapes Enterprise Budgets
IBM stock crashed 25% after preannouncing Q2 results that missed estimates. Revenue came in at $17.2 billion versus $17.86 billion expected, as customers redirected spending to AI infrastructure.