Business & Markets — July 20, 2026

EU fines AliExpress $629 million. European regulators fined Alibaba-owned AliExpress a record €550 million ($629 million) for failing to curb sales of illegal, unsafe, and counterfeit products on its platform.

Reuters · Read more →

Semiconductor stocks enter bear market. Semiconductor stocks have fallen 20% into bear-market territory, and strategist Ed Yardeni projects the group could fall another 12%. The broader market, meanwhile, has stayed calm.

Yahoo Markets · Read more →

Netflix pays $587 million for Affleck AI startup. Netflix disclosed it paid $587 million in cash for InterPositive, the AI postproduction platform co-founded by Ben Affleck to help filmmakers reduce reshoot costs.

TechCrunch · Read more →