News

New Strong Sell Stocks for July 8th

CARS

GLNCY, CARS and AETUF have been added to the Zacks Rank #5 (Strong Sell) List on July 8, 2026.

US revokes waiver for Iranian oil sales amid renewed Gulf strikes

The US Treasury Department has announced it will no longer allow Iranian oil sales to be conducted in US dollars on global markets after several tankers were hit by projectiles while attempting to cross the Strait of Hormuz. The move has left more than 60 million barrels of Iranian crude stranded at sea without any clear buyers. Also in this edition, we go inside a Chinese air conditioning factory racing to meet soaring European demand as heatwaves drive up sales.

How Esports World Cup moved from Saudi Arabia to Paris in 8 weeks

The Esports World Cup gets going in Paris after a last-minute move from Saudi Arabia. Is it any less controversial?

Singapore's Temasek boosts China exposure by $7.7 billion, biggest rise in five years, in AI-driven pivot

Temasek is repositioning its China portfolio toward AI-related hardware and infrastructure, robotics, biotech, energy transition.

Trump says he doesn't want anything to do with Spain: 'Cut off all trade'

NATO

U.S. President Donald Trump slammed Spain for not contributing enough to NATO, as he attended the defense alliance summit in Turkey.

China warns about AI risks with Anthropic's Claude Code

China said specific versions of Claude Code posed back-door vulnerabilities that could send sensitive information to a remote server.

SambaNova hits $11 billion valuation as investors back Nvidia chip challengers

NVDA, NVDAN, NVDACL, NVD, NVDD, 1NVDA, 4NVDA, 0R1I, 918422, NVDAUS

SambaNova is valued at $11 billion after fresh financing led by General Atlantic, as AI chip startups look to challenge Nvidia.

'Don't fool with us': NATO allies put on a united front as they prepare to meet Trump

NATO

NATO chief Mark Rutte said Wednesday that the alliance was entering its "NATO 3.0" era.

Samsung-backed AI chip firm Rebellions targets IPO in South Korea next year, CEO tells CNBC

AI, IPO

Sunghyun Park, CEO of Rebellions, told CNBC that the company is leaning toward a listing on the KOSPI over the KOSDAQ.

Singapore's Temasek hits record portfolio value, eyes more investment in AI, infrastructure and private credit

Over the course of its financial year, Temasek recorded a gain of S$49 billion and a 10.5% total shareholder return.