San Jose court hears Alibaba suit over Pentagon label

 

SAN JOSE, California – Alibaba Group Holding Limited has filed a lawsuit in the U.S. District Court for the Northern District of California, in San Jose, seeking removal from the Pentagon’s Section 1260H list of “Chinese military companies.” The Department of Defense added the Chinese technology conglomerate to the list...

South Korea’s SK hynix files landmark $29.4bn Nasdaq IPO

 

South Korean memory chip maker SK hynix Inc. filed on June 25, 2026 to list its shares on the Nasdaq stock exchange, seeking to raise up to $29.4 billion by selling as many as 17.79 million shares. The offering would be one of the largest initial public offerings in history...

Orlando restaurant giant Darden beats profit forecasts

 

ORLANDO, Florida – Darden Restaurants Inc. reported fiscal fourth-quarter and full-year results on Thursday that beat Wall Street expectations, supported by robust growth at LongHorn Steakhouse and steady gains at Olive Garden. The company posted quarterly net income of $404.9 million, or $3.51 per share, and said adjusted earnings were...

United States futures jump as chipmakers revive tech rally

 

U.S. stock futures climbed sharply on Thursday, driven by strong earnings and forecasts from major semiconductor companies that eased concerns about a losing streak in artificial intelligence-linked shares. Nasdaq 100 futures gained about 2.2%, with S&P 500 and Dow futures also moving higher as investors rotated back into technology names....

Boise chipmaker Micron posts record $41.4 billion revenue

 

BOISE, Idaho — Micron Technology Inc. reported fiscal third-quarter 2026 revenue of $41.46 billion, far exceeding Wall Street forecasts and marking a 346% increase from the $9.30 billion recorded in the same period a year earlier. Revenue also rose 74% from $23.86 billion in the prior quarter, underscoring the pace...

New York shares of Wendy's soar in meme rally

 

NEW YORK — Shares of The Wendy’s Company (NASDAQ: WEN) jumped more than 40 percent on Wednesday, June 24, 2026, after a meme-fueled buying spree by retail traders on Reddit’s WallStreetBets forum and on X triggered a sharp short squeeze. The stock reached an intraday high of $8.78 shortly after...

Washington DOJ seeks dismissal of xAI pollution lawsuit

 

The U.S. Department of Justice on June 16, 2026, moved to intervene in and dismiss a Clean Air Act citizen lawsuit targeting Elon Musk’s artificial intelligence firm xAI and its subsidiary MZX Tech. Filed in the Northern District of Mississippi, the government’s motion argues that shutting down operations at xAI’s...

Texas camp operator files Chapter 11 after flood

 

HOUSTON, Texas – The corporate entities behind Camp Mystic, a century‑old all‑girls Christian summer camp in the Texas Hill Country, filed for Chapter 11 bankruptcy protection on Wednesday, June 24, 2026, in the U.S. Bankruptcy Court for the Southern District of Texas. The move comes nearly a year after a...

Seoul stocks crash 10 percent as leveraged chip ETFs unwind

 

South Korea’s KOSPI index suffered its largest recorded one-day fall on Tuesday, June 23, 2026, dropping 9.99% to close at 8,203.84 and triggering two circuit breakers in a single session. The selloff was led by technology shares after a rapid and disorderly unwinding of newly launched leveraged single-stock exchange-traded funds...

United States SpaceX shares steady after record IPO slide

 

SpaceX shares stabilized on Tuesday, June 23, 2026, after a sharp three-day decline that wiped out about $600 billion in market value. Trading under the ticker SPCX, the stock closed at $156.11, up nearly 1%, following a 16% drop on Monday that took it below its post-IPO closing price of...