Loses

• The Supreme Court upheld a two-year prison sentence for Rep. Kweong Seong-dong of the People Power Party (PPP) on Thursday. • The ruling follows convictions for accepting illegal political funds sourced from the Unification Church. • As a result of the finalized prison term, Kweong has been stripped of his parliamentary seat.

• The Indian stock market closed with mixed results, as the BSE Sensex ended 100 points higher while the NSE Nifty50 remained flat. • Market volatility was driven by a combination of geopolitical developments, macroeconomic trends, crude oil fluctuations, and foreign institutional investor activity. • Despite the Sensex gain, broader markets and several sectoral indices declined, signaling widespread caution among investors.

• The KOSPI index surged by over 6%, closing in the high 7,200s, while the KOSDAQ index also rebounded to close above 820. • This significant market rally was driven by a strong influx of capital from both foreign and institutional investors. • The growth reflects a positive shift in investor sentiment toward South Korean equities, signaling a potential trend of continued recovery.

• IBM experienced its worst stock crash in 58 years, resulting in a $70 billion loss in market value following comments from CEO Arvind Krishna regarding the company's AI shortcomings. • The company reported stagnant growth for the quarter ending in June, with revenue increasing by only one percent to $17.2 billion. • The downturn is attributed to a shift in corporate spending, as businesses prioritized immediate cybersecurity defenses over the long-term projects IBM provides.

• IBM stock plummeted more than 25% following the company's preannouncement of its second-quarter (Q2) earnings results. • The sharp decline occurred as investors reacted negatively to the preliminary financial data released by the tech giant. • This collapse reflects significant market volatility and investor concern regarding IBM's current growth trajectory and financial health.

• Kate Middleton attended the closing of Wimbledon 2026 on July 13, 2026. • The Princess of Wales wore an elegant sage green dress designed by Emilia Wickstead for the event. • Her appearance marks a high-profile conclusion to the prestigious tennis tournament, blending sports and royal fashion.

• The U.S. Supreme Court concluded a historic term characterized by landmark opinions and a heavy reliance on the "shadow docket" for emergency rulings. • Key legal battles focused on the intersection of gun rights and property rights, specifically through cases such as US v. Hemani and Wolford v. Lopez. • The term's decisions are significant as they address critical national issues, including the definition of U.S. citizenship and the impact of political policies on judicial rulings.