Michelle Davenport Business Editor 
Global financial markets shifted toward stability on Thursday, as oil prices retreated from recent highs and stock markets across Europe, Asia, and the United States saw gains. The recovery follows a period of volatility triggered by regional conflict in the Middle East and concerns over potential supply chain disruptions. Oil Market Volatility and the Strait … Read more
SK Hynix is preparing a roughly $28 billion American Depositary Receipts (ADR) listing on the NASDAQ this week, with demand for the offering exceeding available shares by more than seven times. The $28 Billion Liquidity Risk to AI Stocks The scale of the SK Hynix listing makes it the second-largest equity share sale globally, trailing … Read more
US stock markets fell Wednesday after President Donald Trump declared the ceasefire with Iran “over” during a NATO summit in Turkey. The announcement triggered a sharp surge in oil prices, with Brent crude jumping more than 5% to crest $80 a barrel, raising fears that renewed Middle East conflict could force the Federal Reserve to … Read more
Federal Reserve officials expressed conflicting views on future interest rate policy during their June 16–17 meeting, according to minutes released Wednesday. While the Federal Open Market Committee maintained the federal funds rate at 3.5%–3.75%, policymakers remain split on whether inflation pressures—driven by energy volatility and artificial intelligence demand—will necessitate further rate hikes or eventual cuts. … Read more
OpenAI will publicly release its GPT-5.6 Sol, Terra, and Luna models on Thursday, according to CNBC. The rollout follows a period of restricted access mandated by the U.S. government to assess model capabilities before a general public launch. The Staged Release of GPT-5.6 Sol, Terra, and Luna OpenAI announced the public expansion of its GPT-5.6 … Read more
George E. Johnson Sr., the pioneering entrepreneur who transformed the Black hair care industry and founded the first Black-owned company to trade on the American Stock Exchange, died Monday at his home in downtown Chicago. He was 99. His family confirmed the death, noting his profound influence on business and civil rights. From Humble Beginnings … Read more
Mars Petcare US issued a voluntary recall on July 2, 2026, for two lots of Pedigree High Protein Chopped Chicken & Duck Flavor 13.2-ounce cans. The recall stems from the potential presence of sharp metal and plastic fragments that were fraudulently diverted into the U.S. marketplace after being slated for destruction. How Recalled Pedigree Cans … Read more
Rivian Automotive announced a public offering of 75 million shares on July 6, 2026, a move designed to raise approximately $1.5 billion. The capital raise, which caused an 18% drop in stock price by Tuesday, aims to fund equity obligations for a U.S. Department of Energy loan and support the R2 SUV production ramp. Financial … Read more
SpaceX joined the Nasdaq-100 index on July 7, 2026, triggering a surge in institutional demand as index funds and ETFs adjusted their holdings to accommodate the $2 trillion company. Despite the high-profile inclusion, shares fell 5.4 percent during the session amid broader investor anxiety regarding the sustainability of the current artificial intelligence boom. Market Entry … Read more
The Nasdaq Composite fell 1.4% on Tuesday, July 7, 2026, as Yahoo Finance reports a semiconductor sell-off triggered by Samsung Electronics’ quarterly results. While Samsung posted a 19-fold increase in operating profit, investor concerns over AI spending and future demand dragged the S&P 500 down 0.6% and the Dow Jones Industrial Average down 0.1%. Samsung’s … Read more