Sophia Patel — Business & Finance Editor SpaceX shares closed below their $150 IPO price for the first time as a broader tech selloff hit the Nasdaq. The downturn follows concerns over debt-funded AI spending, rising oil prices due to regional conflict in the Strait of Hormuz, and hawkish signals from the Federal Reserve. SpaceX Market Performance and Tech Sector Declines The … Read more
India’s steel industry must pivot toward new export markets and accelerate decarbonization to maintain global competitiveness, according to the Ministry of Steel. With the EU’s Carbon Border Adjustment Mechanism (CBAM) and U.S. tariff actions threatening traditional trade, officials and industry leaders are urging a shift in production and strategy. Export Challenges and the Shift in … Read more
Prime Minister Andy Burnham begins his first day working from “No 10 North” in Manchester today, Friday, July 24, 2026. The new site aims to decentralize government power, with ministers Lucy Powell and Louise Haigh joining him as part of a broader shift of economic and devolution strategy away from Whitehall. Establishing No 10 North … Read more
Global markets faced a sharp selloff on Friday, July 17, 2026, as technology stocks tumbled and oil prices breached $100 a barrel. The decline, triggered by rising geopolitical tensions in the Middle East and concerns over AI-sector sustainability, saw major indices in Japan and South Korea suffer significant losses. Technology Sector Rout and the AI … Read more
ChangXin Memory Technologies (CXMT) is preparing for a Shanghai STAR Market listing expected on July 27, 2026. The IPO, which raised $8.6 billion, has triggered a liquidity drain in Chinese technology shares as investors rotate capital to secure allocations in the nation’s largest memory chipmaker. The market debut of ChangXin Memory Technologies has become in … Read more
Shares of VAT Group AG fell 5.7% to CHF660.80 on Tuesday, sharply underperforming the broader SMI index, which rose 0.3%. The decline occurred after the Swiss semiconductor equipment supplier reported a drop in first-half profit, as rising expansion costs weighed on margins despite a record Q2 order intake of CHF 500 million. Record Demand vs. … Read more
A specially modified Airbus A350-1000ULR landed in Melbourne on Friday, July 24, 2026, after a 19-hour, 17,000km test flight from Toulouse, France. The flight, part of Qantas’s Project Sunrise, serves as a critical data-gathering milestone for planned nonstop commercial services between Sydney and London, which are currently slated to begin in October 2027. Project Sunrise: … Read more
BlackRock is leading a debt sale of at least $12 billion to finance a new Meta Platforms data center in El Paso, Texas. The deal, which utilizes a joint venture structure to move costs off Meta’s balance sheet, highlights the investment firm’s growing role as a central financier in the AI infrastructure boom. BlackRock’s $12 … Read more
As the Federal Reserve approaches its July 28–29 meeting, financial markets are struggling with uncertainty regarding interest rates. While economists overwhelmingly predict a hold in the 3.5% to 3.75% range, traders are split, with some pricing in a 30% chance of a 25-basis-point hike due to shifting inflation signals. Market Uncertainty Under the New Fed … Read more
The Magnificent Seven—a group of seven major U.S. technology companies—have reached a combined market capitalization of $20,000 billion, a figure equivalent to the annual economic output of the entire European Union, according to Watson. This market dominance is driven by massive capital expenditures (capex) directed toward artificial intelligence infrastructure. The Scale of AI Infrastructure Investment … Read more