Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Nexon's holding company NXC revealed that it has invested $16 million in SpaceX, Tesla CEO Elon Musk's aerospace company.
According to NXC, it invested during SpaceX’s fundraising round in August, when the spaceflight company issued convertible preferred stocks.
At the time, SpaceX was raising $1.9 billion.
NXC’s $16 million investment, which is part of an investment strategy by Nexon founder Kim Jung-ju, comprises 60 percent of a fund created by a local asset manager to invest in SpaceX.
Kim left video game publisher Nexon in 2016 but remained the chairman of NXC.
NXC is rumored to be planning a takeover of Korean crypto exchange firm Bithumb.
In 2018, NXC acquired Bitstamp, Europe’s largest cryptocurrency exchange operator, for $350 million. It has also invested in cryptocurrency firm Tagomi.
Other companies that NXC acquired were European baby stroller maker Stokke and Bricklink, an online marketplace for Lego parts.
