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Stories and analysis from The Business Now newsroom.
Business
SK Hynix Targets Higher US Offering Price as AI Chip Demand Fuels Investor Optimism
South Korean semiconductor giant SK Hynix is reportedly seeking to price its planned U.S. offering at approximately 3.1% above its latest closing price in South Korea, signaling strong confidence in investor demand and the continued momentum behind artificial intelligence (AI) infrastructure. The move comes as global semiconductor companies remain at the center of the AI...
Global
Iran Reportedly Launches Ballistic Missiles Toward Jordan Military Base: What We Know So Far
Fresh reports circulating on Thursday claim that Iran launched multiple ballistic missiles toward Jordan’s Azraq Military Base, marking a potentially significant escalation in regional tensions. According to early reports cited by state-affiliated media and market alerts, approximately 10 ballistic missiles were reportedly launched toward the military installation. At the time of publication, officials had not...
Economy
US Dollar Holds Steady as Oil Stabilizes While Initial Jobless Claims Fall: What It Means for Markets Today
US Dollar Trades with a Softer Tone as Oil Prices Stabilize The US dollar remained under mild pressure during Thursday’s trading session as crude oil prices stabilized, reducing demand for traditional safe-haven assets. At the same time, fresh labor market data showed that US initial jobless claims declined by 2,000 to 215,000, signaling that the...
Economy
Why Did SpaceX’s Falcon 9 Create a Giant “Space Jellyfish”? The Science Behind the Viral Sky Phenomenon
When SpaceX’s Falcon 9 rocket blasted off from Florida in the early hours of Thursday morning, the mission itself was already making history. The reusable booster completed its 36th successful flight, extending its own record and once again proving why SpaceX remains the global leader in reusable rocket technology. But while aerospace engineers celebrated another...
News
The Pitt’s 25 Emmy Nominations Explained: Every Major Category and Why HBO’s Medical Drama Dominated the 2026 Emmys
The Pitt’s 25 Emmy Nominations Explained: Every Major Category When the 2026 Emmy nominations were announced, one show stood above every other television series. The Pitt earned an incredible 25 Emmy nominations, making it the most-nominated drama of the year and the overall leader at the 78th Primetime Emmy Awards. The HBO Max medical drama...
Economy
Mortgage Rates Today (July 9, 2026): Falling Rates Offer Relief for Homebuyers and Homeowners
Mortgage Rates Continue to Fall, Giving Buyers a Welcome Break After months of elevated borrowing costs, U.S. mortgage rates are continuing their gradual decline, providing encouraging news for both prospective homebuyers and homeowners considering refinancing. The latest market trends show that mortgage rates have eased for several consecutive sessions, helping improve affordability in a housing...
Economy
Eimco Elecon Q1 Results: Net Profit Rises 6.2% YoY to ₹154 Million, Revenue Sees Healthy Growth
Eimco Elecon Reports Strong Q1 FY27 Earnings Eimco Elecon (India) Ltd. has announced its Q1 FY27 financial results, reporting a standalone net profit of ₹154 million, compared to ₹145 million during the same quarter last year. The latest earnings represent a year-on-year (YoY) growth of approximately 6.2%, reflecting steady operational performance despite challenging market conditions....
Economy
Tesla’s Next Big Bet? SpaceX Merger Speculation, Robotaxi Expansion, and Why Wall Street Is Watching Closely
Tesla Dominates Headlines with SpaceX Merger Buzz and Robotaxi Expansion Tesla is back at the center of Wall Street’s attention after a series of major developments involving SpaceX merger speculation, the expansion of its Robotaxi service to Miami, and fresh analyst optimism about the company’s long-term artificial intelligence strategy. Investors are increasingly debating whether Tesla’s...
News
Sensex Pre-Market Today (July 9): Will the BSE Sensex Extend Gains After Positive Global Cues?
Sensex Pre-Market Today: Positive Opening Likely as Gift Nifty Signals Bullish Sentiment The BSE Sensex is expected to open on a stronger note on Thursday, July 9, following upbeat overnight global cues and a firm close in Gift Nifty, which finished 76.50 points higher at 23,954.50. While Gift Nifty directly tracks the Nifty 50, it...