BUSINESS NEWS
- After a nearly 800% explosion, this AI stock’s U.S. debut could signal if the market can still boom—or is headed for a bust
by Jason Ma on July 5, 2026 at 10:59 pmShares of South Korea's SK Hynix will list on the Nasdaq and are expected to start trading on Friday.
- Meet the soccer-playing humanoid robot that just delivered the game ball at the Brazil v. Norway FIFA World Cup match
by Catherina Gioino on July 5, 2026 at 9:06 pmMeet Atlas, the 5-foot tall humanoid robot that delivered the World Cup match ball, has 56 points of movement on its body, and learned to play soccer.
- The supertanker tycoon making millions on Hormuz shuttle runs
by Weilun Soon, Alex Longley, Anthony Di Paola, Bloomberg on July 5, 2026 at 9:04 pmGa-Hyun Chung, an intensely private Korean shipping tycoon, rocked the tanker industry early this year as his Sinokor Group embarked on an unprecedented buying spree.
- FIFA allows U.S. star Balogun to play Belgium despite red card
by Yash Roy, Maria Paula Mijares Torres, Bloomberg on July 5, 2026 at 8:48 pmTrump called FIFA President Gianni Infantino on Wednesday and asked him to review Balogun’s suspension.
- Alibaba gets reprieve on lobbying ban tied to DoD blacklist
by Kate O'Keeffe, Bloomberg on July 5, 2026 at 8:42 pmOn June 8, the Pentagon added Alibaba to its roster of Chinese military companies operating in the US known as the 1260H list.
- The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns
by Jason Ma on July 5, 2026 at 7:43 pmBank of America reaffirmed its year-end price target of 7,100 for the S&P 500, representing a 5% drop from the week's closing level.
- Oil, gas tankers cross Hormuz via Oman-side route after U-turns
by Weilun Soon, Paul Burkhardt, Bloomberg on July 5, 2026 at 6:15 pmIran has repeatedly said that vessels should only transit the strait through the route designated and authorized by the Islamic Republic.
- Nvidia supplier Hon Hai’s sales beat on continued AI demand
by Debby Wu, Bloomberg on July 5, 2026 at 6:03 pmHon Hai, also known as Foxconn, has established itself as a key AI hardware player by assembling servers that house Nvidia accelerators.
- France’s richest man Arnault hit with €22 million tax assessment
by Claudia Cohen, Bloomberg on July 5, 2026 at 5:56 pmThe heart of the matter concerns the “complex shareholding” of LVMH Moët Hennessy Louis Vuitton SE.
- How David Senra built the podcast the world’s most powerful CEOs can’t stop listening to
by Lily Mae Lazarus on July 5, 2026 at 8:00 amFounders counts Jeff Bezos and Michael Dell as fans—and its ‘unmanageable’ creator turned down $50 million so he could build a media empire his way.