Markets

UL Solutions is launching new testing and certification programs for battery containment enclosures and micromobility charging equipment to address the growing safety concerns around lithium-ion batteries and thermal runaway events. These programs, adhering to UL 1487 and UL 4900 standards, aim to mitigate fire and other hazards, offering an additional layer of protection, and are developed with input from the FDNY.

Xiaomi’s upcoming YU7 SUV will be a premium offering. Executives confirmed it won’t be a budget vehicle, emphasizing high-end features like LiDAR, an 800V architecture, and an impressive range. Comparisons to the SU7 Pro suggest a higher price point. The standard model boasts a CLTC range of 835km and 700 TOPS of computing power. Three versions are planned, including an extended-range, rear-wheel drive variant with significant upgrades over the SU7.

IDEX Corporation (NYSE: IEX) announced a regular quarterly cash dividend of $0.71 per share, payable July 25, 2025. This marks its 123rd consecutive quarterly dividend. IDEX is a diversified industrial company manufacturing engineered products and components used in various sectors, including microchip manufacturing, water treatment, satellite communications, healthcare, and fire/rescue. Founded in 1988, IDEX now operates globally with approximately 9,000 employees and annual sales of $3.3 billion.

PSE&G is taking measures to alleviate rising summer energy costs for New Jersey residents. From July to August 2025, residential customers will receive a $30 monthly credit. Additionally, reconnection fees will be waived, and a Summer Moratorium will protect income-eligible individuals from shut-offs. PSE&G is also advocating for long-term solutions to address supply-demand imbalances and promote sustainable power generation in the state.

Xiaomi achieved record-breaking success during the 618 shopping festival, with total payments exceeding 35.5 billion yuan across all channels. Several Xiaomi smartphones and smart home appliances secured top positions in their categories on JD.com and Tmall. The company is also preparing for an end-of-June product launch featuring the YU7, MIX Flip 2, and other new devices, signaling further growth.

Saia Inc. recognized nearly 8,000 employees for outstanding safety records, celebrating over 55,000 combined years of accident-free service. The awards honored dockworkers, mechanics, and drivers for their commitment to safety, including multiple individuals with over 40 years of safe work or driving. This reinforces Saia’s strong safety culture and its strategic focus on employee well-being and operational excellence.

JD.com reported strong performance in the 2025 618 shopping festival. Preliminary data revealed over 2.2 billion orders processed, with user orders surging over 100% year-over-year. Consumer electronics and home appliances led market share, while FMCG, fashion, and beauty also performed well. JD’s livestreaming sales grew by 285%, with significant gains in new electronics and gaming consoles. The food delivery service also saw strong growth, exceeding 25 million daily orders.

Eastern Bank has appointed Joseph Rodolfy as Senior Vice President, Commercial Real Estate Relationship Manager. Rodolfy, with over 13 years of experience, will help expand the Bank’s commercial real estate services. His experience includes roles at Cambridge Savings Bank and TD Bank. Eastern Bank, founded in 1818, offers various commercial financing solutions. Rodolfy expressed enthusiasm for contributing to Eastern Bank’s success, focusing on regional growth within Massachusetts, New Hampshire, and beyond.

Universal Technical Institute (UTI) celebrates the first graduating classes from its Aviation program at the Avondale and Long Beach campuses. The 18-month program equips students with skills for aircraft maintenance, addressing a growing industry need. Graduates are prepared for FAA mechanic certification exams. This expansion marks a significant step in UTI’s strategic growth.

Nintendo’s stock hit a two-month high, fueled by the successful launch of the Switch 2 and its safe-haven status amid market volatility. The new console sold over 3.5 million units in its first four days, surpassing the original Switch’s launch performance and setting a new company record. Analysts attribute this to strong hardware sales and the gaming sector’s resilience against trade tensions, impacting other Japanese gaming companies positively.