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Alphabet (NASDAQ: GOOG) Stock Falls 3.79% on July 16: What Investors Need to Know
Alphabet (NASDAQ: GOOG) came under renewed selling pressure on July 16, 2026, with its Class C shares declining 3.79% during the trading session. The move stood out because the broader Software & IT Services sector gained 0.82%, highlighting company-specific concerns rather than a broad technology selloff. Investors closely watched regulatory developments, AI competition, and changing…
ISRO Loses 100+ Scientists as Gaganyaan Mission Faces Brain Drain on July 16
ISRO loses 100+ scientists including Gaganyaan project staff to private space startups. India’s Department of Space tightens exit rules on July 14 to protect critical missions.
Dow Futures Climb, Nasdaq Futures Fall 0.7% as TSMC Earnings Trigger Chip Stock Selloff
On 16 July 2026, U.S. stock futures pointed in different directions before the opening bell. Dow futures edged higher, while Nasdaq futures dropped about 0.7% after investors reacted to Taiwan Semiconductor Manufacturing Co.’s (TSMC) latest earnings. Although the chipmaker posted strong results and maintained a positive outlook for AI demand, semiconductor shares still came under…
S&P 500, Nasdaq Composite Drift Sideways as $3.2 Trillion Shifts From Chip Stocks to Magnificent Seven
The S&P 500 has traded in a tight range for months. Beneath that calm surface, $3.2 trillion has rotated between the Magnificent Seven and chip stocks outside Nvidia. This massive shift has largely canceled itself out at the index level. Traders are watching closely as earnings season could finally break the stalemate. The Nasdaq Composite…
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…
Rotork (LSE: ROR) Agrees to £4.1 Billion Takeover by ABB (SWX: ABBN) in Major UK M&A Deal
On 16 July 2026, ABB (SWX: ABBN) agreed to acquire Rotork (LSE: ROR) in a £4.1 billion all-cash deal, making it one of the largest UK industrial acquisitions announced this year. The offer gives Rotork shareholders a substantial premium while expanding ABB’s industrial automation and smart flow control business. It also comes as overseas buyers…
SBS Draws 17M Viewers for World Cup 2026, Secures Ratings Win on $30M Deal
SBS draws 17 million viewers for FIFA World Cup 2026 on $30M rights deal. Australia’s match vs Paraguay peaked at 4.86 million, with average audience of 1.3 million per game.
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…
Uber (NYSE: UBER) to Acquire Delivery Hero (ETR: DHER) in $14.8 Billion Cash Deal
On 16 July 2026, Uber (NYSE: UBER) announced a $14.8 billion cash offer to acquire Delivery Hero (ETR: DHER), one of the biggest food delivery acquisitions ever announced. If the deal goes through, Uber will expand its delivery business across dozens of international markets and strengthen its position in an increasingly competitive industry. Investors reacted…