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135% Upside, Says One Bank. So Why Did SpaceX Just Lose $500 Billion?
SpaceX stock has lost more than $500 billion in market value since its June 12, 2026 IPO. Shares priced at $135 have since traded as low as $104.83. Yet Morgan Stanley maintains a $300 price target, implying substantial upside from current levels. SpaceX now heads into its first-ever public earnings report on Tuesday, August 4,…
UK Pensions Shift to Performance Focus as DWP Roadmap Reshapes Retirement
DWP pensions roadmap introduces value-for-money framework requiring schemes to disclose performance metrics. Defined contribution pensions now account for 49% of new private pension access, up from 37%, shifting retirement risk to savers.
SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
KEI Industries (NSE: KEI) Surges 8% After Q1 Profit Jumps 40% YoY; Domestic Wires & Cables Business Grows 29%
KEI Industries shares surged 8% on the NSE after strong Q1 FY27 results were announced on August 3, 2026. Net profit jumped 40% year-on-year to ₹274 crore for the quarter ended June 30, 2026. The domestic wires and cables segment grew 29% during the period. Strong margins and steady domestic demand drove this sharp rally….
South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
HSBC (LSE: HSBA) Announces $1B Share Buyback After Q2 Pretax Profit Beats Estimates at $10.1B
HSBC (LSE: HSBA) reported better-than-expected second-quarter results on August 4, 2026, giving investors fresh reasons to watch the stock. The bank posted $10.1 billion in pretax profit, ahead of market estimates, and announced a new $1 billion share buyback alongside its interim dividend. The quarter reflected steady business performance despite an uncertain global economy. So,…
Ather Energy Surges 18% to Record ₹1,500 After Strong Q1 Earnings, Lower Losses and Improved Margins
Ather Energy shares surged nearly 18% to a fresh all-time high of ₹1,500 on Tuesday, August 4, 2026. The rally followed strong first-quarter FY27 results showing sharply narrower losses. Consolidated net loss fell to ₹51 crore from ₹178 crore a year earlier. Revenue from operations nearly doubled, climbing 89% year-on-year to ₹1,216.92 crore. Ather Energy…
Shein Targets $30B to $40B Valuation for Hong Kong IPO, with Listing Expected as Early as Mid-August
Shein is getting closer to its long-awaited public listing, with plans to launch its Hong Kong IPO as early as mid-August 2026. The fast-fashion company is reportedly seeking a valuation of $30 billion to $40 billion, well below the $98.2 billion private valuation it achieved in 2022. The lower target reflects a more cautious market…