Micron drops 6% but avoids worst of memory rout
Micron fell about 6% as a sector-wide reassessment of memory and storage valuations followed SanDisk and Western Digital's mixed guidance, amid caution.
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3 min read
Finance
Latest in Finance
Reform UK plans investor roadshow to build confidence in its economic approach
Reform UK plans investor meetings to detail fiscal cuts and build market confidence ahead of next month's budget, aiming to lower borrowing costs.
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Paramount Skydance lifts EBITDA guide to $3.8bn-$3.9bn
Paramount Skydance raised 2026 adjusted EBITDA to $3.8-3.9bn after Q2, citing Paramount+ growth and merger synergies that improved the profit outlook.
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75% noncash gifts show tech donors favour DAFs
75% of DAFgiving360 gifts to 3 Aug 2026 were noncash assets, as tech employees move appreciated stock into DAFs to avoid triggering capital gains tax.
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China PMI 49.2 signals renewed slowdown in July
Official Chinese manufacturing PMI fell to 49.2 in July, signalling renewed slowdown as new orders hit a 38-month low. What it means for growth and policy.
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80% of older US households lack funds for long-term care
80% of US households with an adult 60+ cannot cover long-term care costs, the National Council on Aging finds. Vanguard warns retirees face income shortfall
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€500,000 Prize Bond win in County Clare
County Clare Prize Bond holder wins €500,000 Star Prize from State Savings. Weekly draws award over €1.2m across 8,867 prizes; Star Prize is paid monthly.
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Live Nation: 143m tickets sold through mid-July
Live Nation sold 143 million tickets through mid-July 2026, reporting Q2 revenue of $7.7bn and record 49 million attendance as touring lifts demand.
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Starbucks stock jumps 9% after raising full-year guide
Starbucks shares jumped 9% after the company raised its fiscal 2026 adjusted EPS guide to $2.55-2.65, reporting 7.9% global comps and stronger US traffic.
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Seagate revenue jumps 48.5%, but five-year growth is only 2.7%
Seagate revenue rose to $3.63bn, up 48.5%, and firm raised next-quarter guidance to $4.1bn. It is unclear if AI-driven storage demand will sustain growth.
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Welfare payments moved early to 31 July
Payments due on Monday 3 August will be paid on Friday 31 July. This applies to standard monthly and four-week welfare payments. Apply by end Sep.
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€14m Nama claim wiped for €37,000 payment
High Court approves a personal insolvency plan clearing a €14m Nama claim for a €37,000 lump sum, while a family payment helps repay a €594,000 mortgage.
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IBM cuts 2026 revenue growth forecast to 4-5%
IBM cut its 2026 revenue growth forecast to 4-5% after reporting Q2 revenue of $17.16bn and adjusted EPS $2.93. It kept free cash flow and margin targets.
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€25 welfare rise would add about €1,300 a year
Social Justice Ireland proposes a €25 welfare rise to lift the basic weekly rate to about €279, adding €1,300 a year and linking payments to earnings.
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$185,500 average retiree healthcare bill up 7.5%
Fidelity projects the average retiree healthcare bill for a single 65-year-old retiring in 2026 at $185,500, up 7.5% from 2025; excludes long-term care.
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€1.73 diesel, €1.75 petrol in July as bills stay volatile
AA Ireland: drivers paid €1.73/l diesel, €1.75/l petrol in July. April excise cuts eased fuel prices, but tax reversals from Sept and Oct risk higher costs.
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SpaceX shares fall below IPO price, $100bn wiped
SpaceX shares fell after a Starship engine abort, slipping below the $135 IPO price and erasing about $100bn in market value as crews prepare engine swaps.
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One-fifth of oil flows rerouted as Gulf builds Hormuz bypass
Gulf states are building Hormuz bypass routes to cut reliance on the Strait of Hormuz, easing supply shock risk for refiners but posing inflation risks.
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United sees nearly $6bn fuel hit, profit tops estimates
United Airlines says higher jet fuel will add nearly $6bn to its 2026 fuel bill; Q2 adjusted EPS $1.99 beat estimates and revenue was $17.67bn in Q2.
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S&P MidCap 400 outperformed S&P 500 over 30 years
MarketWatch analysis finds the S&P MidCap 400 beat the S&P 500 across a 30-year span, prompting savers to rethink a one-fund S&P 500 retirement approach.
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Five US banks post blowout Q2 profits as trading rebounds
Five US banks posted blowout Q2 profits as trading and markets revenue rebounded, lifting net interest income and fees. Morgan Stanley reports July 15.
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Inflation 3.4% in June, energy pain persists
Ireland's inflation eased to 3.4% in June 2026 as food-price rises cooled. Energy and housing costs stay high; Central Bank warns of autumn risks.
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PNJ plunges VND6,300bn despite record quarter
PNJ lost VND6,300bn in market value after a police probe into alleged diamond smuggling, despite a record Q1 quarter. Authorities charged 22 people.
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Average summer trip costs $9,668 in 2026, buy insurance now
Average summer trip costs $9,668 in 2026, a 24% rise. With fewer comprehensive policies sold, travellers with nonrefundable costs should consider insurance.
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Are calls to friends after a missed student loan payment legal?
Find out when a student-loan servicer may contact friends after a missed payment, what the FDCPA and FTC rules allow, and the steps to stop those calls.
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2 min read