Markets

Apollo is investing $750 million in Mumbai International Airport (MIAL), a subsidiary of Adani Airports Holdings Limited. This investment, channeled through senior secured notes, will refinance existing debt and fund operational improvements, modernization, and sustainability projects. With the potential for an additional $250 million in financing, the deal supports India’s economic growth and showcases Apollo’s commitment to infrastructure development in a key market.

Sichuan’s proposed 2.5-day workweek, promoting “Friday afternoon and weekend” models, has sparked national debate. Despite initial excitement, implementation faces challenges. Businesses, especially in high-tech hubs, cite operational pressures and existing labor laws as impediments. Current regulations, based on 8-hour workdays and 40-hour workweeks, don’t support the shift, potentially leading to overtime costs. Legal experts suggest widespread adoption is unrealistic, depending on individual company circumstances and operational needs.

Oak Valley Community Bank is expanding into Lodi, California, with the appointment of Mariam Shah as Vice President and Branch Manager. Shah, bringing over a decade of experience, will oversee branch operations and cultivate local business relationships. This move highlights Oak Valley’s commitment to growth in Northern California, offering a range of financial products across nineteen branches.

The Hanover Insurance Group (THG) will release its Q2 financial results on July 30th after market close and host a webcast on July 31st at 10:00 a.m. ET via hanover.com. The company, a major U.S. property and casualty insurer, provides various coverage options for businesses and individuals.

Kennedy Capital Management’s small cap value fund (KVALX) achieved an initial 4-Star Morningstar Rating, placing it among the top performers in its category. The fund, managed by experienced professionals, employs a disciplined, research-driven approach focusing on value stocks. This rating validates the fund’s successful strategy applicable to both institutional and retail investors.

Shell plc announced details of its ongoing share repurchase program, executing buybacks on June 23, 2025, as part of a program initiated in May 2025. The company repurchased 793,000 shares on London exchanges and 787,000 on various European exchanges. BNP PARIBAS SA independently manages the trading decisions until July 25, 2025. All actions comply with UK and EU market regulations, reflecting Shell’s commitment to financial transparency and shareholder value.

Xiaomi will hold a “mega-event” on June 26th, showcasing new products like the YU7 SUV, MIX Flip2 foldable phone, and Pad 7S Pro tablet. The event, lasting approximately three hours, will also unveil REDMI K80 Supreme Edition and K Pad pricing. The YU7 aims to be a high-performance luxury SUV, challenging Tesla’s Model Y in the market, as emphasized by Xiaomi’s founder.

Fat Donglai refuted rumors of mass store closures, clarifying that founder Yu Donglai’s remarks about past closures were taken out of context. The retailer, which reported $1.56 billion in sales, highlighted strong financial performance and revealed generous employee perks, including an average monthly salary of $1240 and plans for a 36-hour work week with 40 days of annual leave.

Miguel Ángel Jiménez won the Kaulig Companies Championship using Newton Golf’s Fast Motion shaft, securing his third major title on the PGA TOUR Champions. The win, his fourth of the season, reinforces Jiménez’s top ranking and marks the second major victory for the Newton Motion shaft. The Fast Motion shaft, featuring innovative design elements and lightweight materials, is gaining traction, with over 40 Tour professionals now using Newton Motion shafts.

Wolfspeed, a SiC semiconductor leader, filed for Chapter 11 bankruptcy to restructure and reduce its $6.5 billion debt. The company secured $275 million in financing and aims to exit bankruptcy by Q3. Facing headwinds including reduced EV demand, high cash burn, and delayed government funding, Wolfspeed is restructuring to focus on high-growth sectors while cutting costs and shedding operations. This move highlights the semiconductor industry’s volatility, particularly impacting EV and renewable energy.