Los Gatos shares slide as Netflix cuts growth outlook

 

LOS GATOS, California, July 17, 2026 – Netflix Inc. shares fell as much as 10% in premarket trading on Friday after the company issued a softer-than-expected revenue forecast for the third quarter, deepening investor concerns about a slowdown in its growth. The decline followed a challenging stretch for the streaming...

Texas: SpaceX aborts Starship test, shares slide

 

Texas, United States – SpaceX shares extended losses in premarket trading on Friday after the company aborted a planned Starship V3 test flight in Texas at the last moment on Thursday, adding to choppy trading since its June stock market debut. The launch was scheduled within a 90-minute window starting...

Taiwan chip rout triggers global tech selloff

 

On July 17, global technology and semiconductor stocks sold off sharply despite Taiwan Semiconductor Manufacturing Company reporting exceptional quarterly results and raising its growth outlook. The Nasdaq Composite fell 1.47% to 25,885.47, the S&P 500 slipped 0.50% to 7,534.62, and the Dow Jones Industrial Average declined 0.21% to 52,549.51. TSMC...

Washington imposes 25% tariffs on Brazilian imports

 

The United States government announced it will impose a 25% surcharge on a wide range of Brazilian products starting July 22, excluding items on an expanded exception list. Key Brazilian exports such as coffee, orange juice, beef and aircraft are exempt, bringing the total number of excluded products to more...

New York: SpaceX shares drop below IPO price

 

New York — SpaceX shares fell below their $135 initial public offering price for the first time on Wednesday, extending a four-day losing streak and marking a sharp reversal from last month’s rally. The stock traded as low as $133 during the session, down from last month’s peak when SpaceX...

United States banks slash over 10,000 jobs

 

Major U.S. banks eliminated more than 10,000 positions in the second quarter of this year, the sharpest quarterly workforce reduction since the early stages of the COVID-19 pandemic in 2020. Quarterly earnings filings show Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley all reduced headcount between April...

United States EV maker Lucid denies bankruptcy rumors

 

Lucid Group Inc., the California-based electric vehicle manufacturer, saw its shares plunge as much as 57% in intraday trading on Tuesday, July 14, 2026, after an online trade publication reported the company was weighing a Chapter 11 bankruptcy filing and other strategic options. The report also claimed Lucid had engaged...

United States insurer UnitedHealth lifts 2026 earnings forecast

 

UnitedHealth Group on Thursday reported second-quarter results that exceeded Wall Street expectations and raised its 2026 adjusted earnings guidance, while keeping full-year revenue targets intact. The largest U.S. private health insurer posted adjusted earnings per share of $6.38, compared with analyst estimates of $4.90, and revenue of $112.03 billion, above...

Seoul prosecutors raid chip firms over price-fixing

 

South Korean prosecutors have launched a criminal probe into alleged international price-fixing in the semiconductor sector, raiding the local offices of three major chip suppliers. On Wednesday, 15 July 2026, the Fair Trade Investigation Division of the Seoul Central District Prosecutors' Office searched the South Korean offices of China’s Montage...

United States inflation data fuels Bitcoin surge

 

United States – Bitcoin surged past $65,000 on Wednesday, touching an intraday peak of $65,518 and pushing its market capitalization above $1.3 trillion. The latest advance extended a rally that began on July 14, as traders responded to softer-than-expected U.S. producer price index data and easing consumer inflation, which reduced...