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Rheinmetall Rallies on NATO Drone Interception, Air Defense Backlog Swells
Rheinmetall (RHM) rose 1.7% after a NATO jet shot down a drone over Romania, underscoring demand for air-defense systems. The company's backlog stands at €3.1B.
Nokia ADRs Slide 7.5% as AI Order Surge Sparks Profit-Taking
Nokia ADRs dropped 7.5% on Monday despite strong AI/cloud order momentum, as investors took profits after a recent optical-networking surge.
L3Harris CEO Ousted After Probe; Shares Slide 3%
L3Harris shares dropped 3% after the board ousted CEO Christopher Kubasik over conduct issues. Sam Mehta, who led segments generating 83.5% of revenue, takes over immediately.
Micron Surges 3.5% as US Policy Shift Bolsters AI Memory Demand
Micron shares jumped 3.5% premarket after US policy curbs Apple's China memory chip purchases, easing price pressure and highlighting strong AI-driven demand.
Alibaba Sells Gaming Unit for $2B to Boost AI War Chest
Alibaba divests Lingxi Games for over $2 billion, covering 80% of its latest quarterly cash deficit, as it doubles down on AI and cloud investments.
JB Hi-Fi Plunges 12% as Record FY26 Results Fail to Offset Soft July Sales
JB Hi-Fi shares dropped 12.31% to A$71.65 after record FY26 results were overshadowed by weak July sales, with comparable sales falling across all Australian banners.
Oman Oil Spill Threatens $72M Cargo, But Markets Stay Calm
A shadow-fleet tanker carrying about 800,000 barrels of Russian crude is leaking off Oman, but markets show little reaction as Hormuz risks remain the key driver.
