Tesla's stock plunged 13.5% after its Q2 earnings missed analyst expectations, revealing lower-than-anticipated profitability and negative free cash flow due to heavy investments in Robotaxi and Optimus, impacting the broader "Magnificent Seven" tech stocks.
US AI developers Anthropic and OpenAI welcomed Australia's new AI rules, which aim to provide clarity for investors and allow creatives control over their work. This comes as both companies saw billions in predicted value drop due to competition from Chinese startup Moonshot AI's new Kimi K3 model.
Kylian Mbappé and Lamine Yamal will lead France and Spain in a men's World Cup semi-final at AT&T Stadium, featuring a record combined squad value of $3.2 billion. Despite this, ticket demand for the England vs. Argentina semi-final, driven by Lionel Messi, is higher.
Overseas capital has flowed into China's advanced manufacturing and technology sectors at an unprecedented rate, reaching a record 3.13 trillion yuan in mainland equity holdings by the end of Q2 2026. This shift signifies a move away from traditional consumer and financial stocks towards industries supporting Beijing's tech self-sufficiency goals.
Semiconductor firm CXMT plans to raise 29.5 billion yuan ($4.4 billion) in its Shanghai IPO, with analysts predicting a potential market value of 3 trillion yuan. Founder Zhu's long-term vision for China's role in the memory chip industry is highlighted.
Hong Kong customs officers arrested two women at Lo Wu and Lok Ma Chau checkpoints for smuggling a dog valued at HK$3,000 and two endangered birds worth HK$5,000. The birds are protected under international and local laws.
Tokenized stock transfers surged over 100% to $8.41 billion in the past month, with distributed value up 43% to $2.16 billion. Major platforms like Figure, Securitize, and xStocks saw significant growth, while Ondo leads as the largest tokenized stock platform.
Trent's shares dropped 10% on Tuesday, wiping out nearly Rs 18,000 crore in market cap. The sharp decline followed Q1 revenue growth of 19%, missing Street estimates. While most brokerages remain bullish, citing seasonal slowdown, Citi warns of structural challenges.
Richard White resigns as WiseTech's executive chair, denying allegations of exploiting a worker's status for sex. He remains chief innovation officer as Raelene Murphy takes over as chair, boosting the company's share price.
India's major IT companies, including TCS and Infosys, have seen their market value drop by at least 50% from peak levels, erasing approximately Rs 19.28 lakh crore. This significant correction is attributed to macroeconomic stress in North America and the disruptive impact of generative AI.
Micron's stock surges amid a long-running AI memory-chip shortage, briefly overtaking the market valuations of Meta and Tesla. The company points to long-term supply agreements and rising ASPs as support, but faces the risk of cycles in memory demand.
The World Cup group stage match between Norway and France features a high combined market value, with focus on Erling Haaland and Kylian Mbappé. Despite contrasting styles, both forwards have delivered similar output in top leagues, though Mbappé has a longer international career and is favored for the upcoming game.
UK warehouse landlord Segro has rejected a £12.6bn takeover offer from US rival Prologis. The board unanimously deemed the all-share proposal, which offered a 24.6% premium, insufficient, citing Segro's strong underlying business and prospects despite current market dislocations.
SpaceX's shares dropped 16% to $154.63, nearing the IPO opening price of $150, erasing over $600 billion in market value in three days, now valued just above $2 trillion, below TSMC, as the seventh most valuable company globally.
Cabo Verde's 40-year-old goalkeeper Vozinha's stellar performance against Spain in the World Cup sparked a debate in India about inflated player valuations. Indian players are valued significantly higher than Vozinha, despite not qualifying for the World Cup.
The green economy has reached a record $10 trillion market value, with significant revenue growth from climate solutions last year. Companies in this sector are outperforming the stock market, demonstrating resilience and a shift in energy transition drivers towards security and economic factors. Investors are advised to review their exposure.
Elon Musk's net worth has exceeded Bitcoin's market cap, reaching $1.32 trillion as SpaceX shares surge post-IPO. This highlights a shift in speculative capital towards public companies like SpaceX, while the crypto market cools.
SpaceX has surpassed Amazon in market capitalization, becoming the world's fifth most valuable company after its stock market debut. The company also announced its intent to acquire AI coding app startup Cursor for $60bn, aiming to enhance its AI capabilities.
India's Right to Fair Compensation and Transparency in Land Acquisition Act, 2013, governs land acquisition for development. It mandates Social Impact Assessments, fair compensation based on market value and solatium, and detailed rehabilitation and resettlement plans for affected families, including special safeguards for tribal communities.
Australia's richest person, Gina Rinehart, has invested over $1 billion in SpaceX, following the company's recent stock market debut. Rinehart praised Elon Musk's achievements and predicted SpaceX's long-term influence across multiple industries.
SpaceX's market valuation surged past Amazon's and briefly topped Microsoft's on Tuesday, reaching approximately $2.655 trillion. This rapid ascent, driven by trading in its new option contracts, has led some to compare its trading behavior to "meme stocks."
SpaceX has overtaken Amazon as the world's fifth-most valuable company after its stock market debut, with a valuation reaching $2.97tn. The company also announced its agreement to acquire AI coding startup Cursor for $60bn to enhance its AI capabilities.
SpaceX has become the world's fifth-most valuable company, surpassing Amazon after its stock market debut. The surge follows an agreement to acquire AI coding app Cursor for $60 billion, aiming to boost its AI capabilities and leverage Cursor's user base.
SK Group's listed firms surpassed 2,000 trillion won in market value for the first time on Tuesday, driven by a surge in its chipmaker SK hynix. SK hynix's market value accounted for over 83% of the conglomerate's total.
