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Business news — August 1, 2026

Business publications published on August 1, 2026 (UTC). This is a fixed calendar-day archive.

279 publications

  2. BusinessTradeEquitiesCreditFX

    Amazon Stock Surge Boosts Wall Street Despite Inflation Concerns

    Wall Street closed July with mixed results, as Amazon's strong earnings report pushed stocks higher despite lingering inflation concerns and rising bond yields. The Dow Jones Industrial Average gained 0.53% to close at 52,485.03, while the S&P 500 rose 0.7% to 7,489.72, and the tech-heavy Nasdaq Composite added 1% to 25,373.85. The gains came despite yields on 30-year and 10-year U.S. government bonds reaching their highest levels since 2007 and January 2025, respectively. Investors' doubts about Federal Reserve Chair Jerome Powell's commitment to fighting inflation also weighed on markets. Apple shares fell more than 7% after the company's earnings report, while Amazon stocks surged 15%.
    8 sourcesSee all sources
  5. BusinessMiddle EastChinaNuclear

    Patriarch Kirill Calls Creation of Russian Nuclear Weapons 'Divine Blessing'

    Patriarch Kirill of the Russian Orthodox Church has stated that the creation of nuclear weapons in Sarov was a 'divine blessing' and 'God's mercy' for Russia. He believes that the atomic bomb, created in a city where the holy monk Seraphim prayed, saved the country from destruction and enslavement by enemies. Kirill made these remarks after liturgies at various monasteries, including the Holy Trinity Svyato-Troice-Seraphim-Diveevo Monastery, on the Day of the Discovery of the Relics of St. Seraphim of Sarov.
    10 sourcesSee all sources
  7. BusinessBudgetTrade

    Btp and Bund Yields Rise Due to Geopolitical Tensions and ECB

    Yields on Italian and German government bonds have increased due to geopolitical tensions and the European Central Bank's (ECB) policies. Italian ten-year bonds have returned to offering 4%, a level not seen since more than two years ago, while German yields have risen to levels last seen in 2011. Despite these increases, the spread between Italian and German yields remains contained.
    2 sourcesSee all sources
  8. BusinessTrade

    India's GST Collections Surge 15.4% to Rs 2.11 Lakh Crore in July

    India's gross Goods and Services Tax (GST) collections reached Rs 2.11 lakh crore in July 2026, marking a 15.4% year-on-year increase from Rs 1.83 lakh crore in July 2025. This growth was driven by higher revenues from domestic transactions and imports. The government also processed Rs 29,968 crore in refunds, indicating a healthy pace of refunds and a robust net GST revenue.
    5 sourcesSee all sources
  9. BusinessTradeEquitiesStock Market

    Elon Musk's Wealth Plummets After SpaceX, Tesla Stock Drop

    Elon Musk, the world's richest person, has seen his fortune decrease by nearly half in six weeks, primarily due to the stock price drop of his companies SpaceX and Tesla. According to Bloomberg's Billionaires Index, Musk's net worth has fallen from $1.33 trillion to approximately $684 billion, making him no longer a trillionaire. This significant loss is attributed to heavy selling in both companies' shares following SpaceX's stock market debut last month. Despite the substantial decline, Musk remains the wealthiest individual globally.
    13 sourcesSee all sources
  15. BusinessTradeMarketsEquities

    U.S. Stock Market Pre-Market Buzz & Weekly Wrap-Up

    The U.S. stock market experienced intense volatility during the week ending July 31, 2026. Key tickers in focus included $MRNA, $COIN, $SYK, $AAPL, $WU, $NVO, $GDDY, $RDDT, $RBLX, $AXTI, $COHU, $NWL, $AMZN, $MPWR, $ALAB, $ETN, $DFLI, $DXCM, $MRVL, $CCJ, $FSLR, $SMCI, $TEM, $NBIX, $BBAI, and $XOM. Major winners were $MSFT and $AMZN, while $AAPL and $META came under pressure. Semiconductors ended lower, and AI-linked names experienced extreme swings.
    7 sourcesSee all sources
  16. BusinessNorth AmericaTaxTrade

    U.S. Treasury Secretary's Notepad Reveals Plan to Buy $5-10B in Japanese Yen

    A photograph taken during a U.S. cabinet meeting at Camp David revealed a note on Treasury Secretary Scott Bessent's notepad, stating 'To Do: Buy Japanese Yen (JPY) $5–10 bil.' This comes after Reuters reported that the Treasury had put banks on alert for a possible U.S. intervention in the market for Japan's currency. The yen strengthened following these reports.
    35 sourcesSee all sources
  17. BusinessLaborBudgetCorp Gov

    Peru's New Government Proposes Labor Reforms and Minimum Wage Increase

    The Confederation of Private Enterprise of Peru (Confiep) has proposed making labor regulations more flexible to promote formal employment, which currently stands at around 30%. President Jorge Zapata of Confiep supports the government's request for legislative faculties to implement measures against urban insecurity, the El Niño phenomenon, and economic reactivation. He proposes reviewing current labor regulations to encourage formalization and debated in the National Council of Labor aspects such as labor excess costs, the number of holidays, and other factors affecting formal employment generation. The government plans to increase the minimum vital remuneration to S/1,300, accompanied by a compensatory bonus for micro and small businesses. Minister of Labor Juan Sheput defends the measure, stating it's part of a coordinated effort with the Ministry of Economy and Finance.
    12 sourcesSee all sources
  23. BusinessBudgetTradeLogistics

    Ethanol Blending Prevented Petrol Price Surge in India

    The Indian government stated that without ethanol blending, petrol prices could have reached Rs 125 per litre for consumers when global crude oil prices surged recently. The petroleum ministry defended the ethanol programme, claiming it prevented a significant increase in petrol prices. The programme has faced criticism regarding its costs, food security impact, and alleged taxpayer subsidy.
    7 sourcesSee all sources