Investors Gave Up on the Magnificent 7. Earnings Season Tells a Very Different Story
Two stocks are responsible for roughly a third of the market’s earnings growth.
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8th pay commission: Discussions ongoing, check full list of beneficiaries for pay hikes, allowances, other benefits
The 8th pay commission is in the discussion phase before it releases its official recommendations on pay hikes, allowances, salary structure, and more. Constituted once a decade, it is expected to make significant decisions impacting pay for central government employees and pensioners. Around 1 crore beneficiaries — nearly 50 lakh central government employees and close…
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Egypt’s IPO Pipeline Grows as Cairo Courts Private Capital
Cairo accelerates state asset sales under an IMF plan, targeting up to four major listings by summer 2027. This article appears in the July/August issue of Global Finance Magazine. Egypt, Africa’s second-largest economy after South Africa, plans to list up to four state-owned companies on the Egyptian Exchange (EGX), the continent’s largest stock exchange by…
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The UAE’s Domestic Payment Scheme Takes Shape
The United Arab Emirates is taking greater control of its payments ecosystem with the launch of Jaywan debit, credit, and prepaid cards—the first products issued under the country’s national payments scheme. Operated by Al Etihad Payments under the Central Bank of the UAE, Jaywan processes transactions through domestic infrastructure rather than relying solely on international…
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‘I have a $2,000 deductible’: I reported a cracked windshield on my Hertz rental car. Can they charge me?
“I never heard a rock hit the windshield.”
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Databricks Secures New Funding At $188 Billion Valuation
Data and AI focused Databricks has signed a term sheet for a significant strategic funding round that values the company at approximately $188 billion. This latest move, expected to close later in the summer of 2026, reflects the company’s rapid evolution from a specialized data analytics platform into a powerhouse enabling sophisticated AI applications for…
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Former FEMA CFO Mary Comans wins ruling, awaits decision on job
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. A federal judge ruled Friday that the Trump administration violated the law when it fired former Federal Emergency Management Agency CFO Mary Comans last year without providing the procedural protections afforded to career federal employees. Instead of…
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CorPower Ocean secures world-first DNV certification for wave energy technology
STOCKHOLM, July 21, 2026 /PRNewswire/ — CorPower Ocean has been awarded the world’s first DNV Prototype Certificate for a Wave Energy Converter (WEC), marking a major leap towards bankable, utility-scale wave energy. The CorPower C4 has been certified by DNV under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verification. The certificate confirms…
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Apparel Brand Reformation Aims for $239 Million in IPO
Sustainable apparel company Reformation aims to raise up to $239 million when it goes public. The company and its investors plan to market roughly 14 million shares at a range of $15 to $17 apiece, Reformation said in a Monday (July 20) Securities and Exchange Commission (SEC) filing, giving it a market value of up…
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Samsung Electronics sets up robotics unit amid push into physical AI
The Samsung Electronics Co. signage at the company’s Seocho office building in Seoul, South Korea, on Monday, June 29, 2026. SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics shares rose after the company said Tuesday it is creating a robotics division as the South Korean tech giant seeks new sources of growth. The newly…
