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Business news — August 1, 2026 - Page 3

Business publications published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 3 of 12.

279 publications

  1. BusinessTradeStock MarketManufacturing

    AI Hedge Fund's Dramatic Fall: Leopold Aschenbrenner's Situational Awareness

    Leopold Aschenbrenner, a former OpenAI researcher, founded the AI-focused hedge fund Situational Awareness in 2024. The fund, once valued at $45 billion, was forced to sell most of its public equity holdings to Citadel after experiencing significant losses in AI-related positions. Aschenbrenner, who gained prominence for his 165-page essay on AI's future, had built the fund on the thesis that AI would quickly transform the economy. However, the fund's heavy reliance on leverage and concentrated positions in AI-linked stocks led to its downfall. Despite the setback, Situational Awareness retains its private portfolio, including a stake in Anthropic.
    24 sourcesSee all sources
  2. BusinessTrade

    CADE Approves American Airlines' Investment in Azul

    The Administrative Council for Economic Defense (CADE) has approved American Airlines' minority investment in Azul without any restrictions. The decision, made on Friday, July 31, was based on the observation that the operation does not pose competitive risks to the Brazilian airline market. The investment, valued at US$100 million, will give American Airlines an approximately 8% minority stake in Azul.
    3 sourcesSee all sources
  12. BusinessTradeEquities

    Aditya Birla Capital's Q1 FY27 Net Profit Up 40% to ₹1,175 Crore

    Aditya Birla Capital has reported a 40% increase in its net profit to ₹1,175 crore in the first quarter of FY27 (Q1 FY27). The company's consolidated total income grew by 29% to ₹12,187 crore during the April-June period, compared to ₹9,531 crore in the same period last year. This growth was driven by increases across its lending, asset management, and insurance businesses.
    4 sourcesSee all sources
  13. BusinessTax

    ITC's Profit Plunges Due to Cigarette Tax Hike

    ITC, a major consumer goods company in India, reported a significant drop in its first quarter profit due to a steep tax hike on its cigarette business. The company's net profit fell by 27% year-on-year to ₹3,579 crore ($375.24 million) in the quarter ended June 30, compared to ₹4,911 crore in the same period last year. The increase in cigarette taxes significantly impacted the company's core business operations. However, the FMCG segment showed resilience with revenue and profit growth.
    5 sourcesSee all sources
  22. BusinessBudgetTradeCorp Gov

    Trump Pressures Fed to Lower Interest Rates

    President Trump has been advocating for lower interest rates, describing them as 'Rocket Fuel' for the economy. He has expressed his desire for cuts on multiple occasions, including during the recent Federal Reserve meeting. However, his preferred candidate for Fed Chair, Kevin Warsh, might instead push for rate hikes, according to Yahoo Finance. Despite Trump's pressure, the Fed has not yet implemented any rate cuts.
    2 sourcesSee all sources
  23. BusinessPolicyNorth America

    Chinese Business Delegation Visits US to Strengthen Economic Ties

    A delegation of Chinese businessmen, led by the China Council for the Promotion of International Trade (CCPIT), is visiting the United States to expand economic cooperation. The delegation will engage in business-to-business events with U.S. institutions and enterprises, aiming to deepen exchanges and contribute to the stable development of China-U.S. relations.
    4 sourcesSee all sources