ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping
Abu Dhabi’s ADNOC purchased five supertankers for approximately $590 million to manage crude exports amid Middle East shipping disruptions and the UAE’s increased oil production.
The AI spending boom is weakening one of stocks’ biggest tailwinds: One Big Investment Idea
Stock buybacks, a major driver of share price growth, are declining as large technology companies redirect cash toward expensive AI infrastructure investments instead.
Visa is cutting 7% of employees in efficiency push as AI reshapes work
Visa announced plans to eliminate approximately 2,600 positions, representing 7% of its workforce, as CEO Ryan McInerney pursues efficiency improvements and increased investment in growth initiatives.
Markets News, July 30, 2026: Indexes End Sharply Higher, Tech Shares Soar; Apple, Amazon Report
Major stock indexes rebounded sharply, with the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average closing 2.8%, 1.7%, and 1.2% higher respectively, driven by strong tech earnings and semiconductor gains.
Greif acquires Spanish polymer container producer Envaplast
Greif reported fiscal Q3 2026 net sales of $1.17B, up 3.5% year-over-year, and acquired Spanish polymer container producer Envaplast for $61.7 million to expand its European presence.
GM confirms $157M investment in Wentzville Assembly plant
General Motors announced a $157 million investment in its Wentzville Assembly plant in Missouri to upgrade the paint shop and modernize the facility, according to a July 24 press release.