GameStop made a takeover bid for eBay, offering $125 per share in a cash-and-stock deal that values the e-commerce platform at roughly $55.5 billion.
Markets anticipate a higher open for the S&P 500, with Nasdaq futures boosted by chip stocks. SK Hynix's US listing is oversubscribed. PepsiCo reported mixed results, while Five Below and Solstice Advanced Materials saw upgrades. AstraZeneca's drug trial failure impacted its stock and Ionis Pharmaceuticals. Tractor Supply and AeroVironment were downgraded.
CNBC's 20th annual "Top States for Business" study ranks all 50 states on 138 metrics across 10 categories. Infrastructure is the top-weighted category for 2026, factoring in transport, utilities, water, energy, and permitting ease. Economy and Workforce follow.
Ohio has been named America's Top State for Business in 2026 by CNBC, climbing from 30th in 2007. The state excels in infrastructure and business costs, ranking No. 1 in both categories. However, it lags in education and workforce development.
South Korean chipmaker SK Hynix, a key player in AI memory, is set to list on the Nasdaq, aiming to raise $29 billion for U.S. expansion, including a new Indiana factory. The company's stock has surged over 700% in a year, driven by high demand for its advanced memory chips used by Nvidia.
PepsiCo reported mixed second-quarter results, with strong international demand offsetting struggles in its North American food and beverage divisions. CEO Ramon Laguarta cited tightening consumer budgets due to inflation as a key factor impacting domestic performance.
Gas prices may increase as President Trump signals the end of a U.S.-Iran ceasefire, potentially pushing the national average towards $4 a gallon. Financial planners advise drivers to review budgets and cut discretionary spending.
