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Business news — August 1, 2026 - Page 6

Business publications published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 6 of 12.

279 publications

  7. BusinessTradeEquitiesBanking

    Amazon's AWS Cloud Revenue Surges 37%, Driving Strong Q2 Results

    Amazon reported a strong second quarter, with total revenue up 20% to $200.6 billion and net income of $62.6 billion. The company's cloud computing arm, Amazon Web Services (AWS), saw revenue growth of 37% year-over-year to $42.2 billion, marking its fastest growth in 18 quarters. AWS operating income grew 64% to $16.6 billion, with a margin of 39.4%. Amazon expects AWS revenue to grow between 9% and 12% in the third quarter, with operating income between $22.5 billion and $26.5 billion.
    81 sourcesSee all sources
  8. BusinessBudgetTradeCommodities

    Russian Banks Face Cash Shortage, Struggling to Buy Government Debt

    Russian banks are facing a cash shortage, with no spare ruble liquidity to buy government bonds used to finance the federal budget deficit, according to a senior Sberbank executive. This comes as the Finance Ministry faces a widening budget shortfall and may need trillions of rubles in additional borrowing this year. The federal budget recorded a deficit of 5.7 trillion rubles in the first half of 2026, with war-related expenditures potentially exceeding the budgeted amount by 4 trillion to 5 trillion rubles. The Central Bank may face growing pressure to provide funds to keep debt purchases flowing, as banks are increasingly short of liquidity and government bond auctions are suspended.
    2 sourcesSee all sources
  10. BusinessTradeEquitiesStock Market

    JP Morgan Lowers Apple Price Target Due to Supply Chain Constraints

    JP Morgan has reduced its price target for Apple Inc. due to ongoing supply chain constraints, despite strong product demand. The investment bank cited issues such as RAM shortages, price increases, and supply constraints as factors affecting Apple's stock. While JP Morgan remains bullish about Apple's long-term prospects, it has lowered its price target to $340.
    7 sourcesSee all sources
  16. BusinessTradeEquitiesStock MarketManufacturing

    Reddit Reports Strong Q2 Results, Guides Up for Q3

    Reddit, Inc. (RDDT) reported strong financial results for Q2 2026, with revenue increasing 61% year-over-year to $805 million, driven by a 64% increase in ad revenue. EPS came in at $1.25, more than doubling year-over-year. The company also provided strong guidance for Q3, with expected revenue between $860-$870 million and adjusted EBITDA between $385-$395 million. Reddit's user base grew, with daily active users increasing 18% year-over-year to 130.3 million and weekly active users up 24% to 514.6 million. Despite the strong results, Reddit's stock price fell due to concerns about AI search traffic risks and disappointing user growth in the U.S.
    17 sourcesSee all sources
  17. BusinessTradeCorp GovRatings

    Fashion Editor Turns Manicure Gap into $40M Nails.Inc Empire

    Thea Green, a former fashion editor, spotted a gap in the UK market for speedy manicures and launched Nails.Inc in 1999. Despite having no beauty background or business plan, she turned it into a global success, selling one nail polish every minute. Green sold the company for $40 million but remains chair. She balances work and family life, waking at 5:45 AM daily.
    2 sourcesSee all sources
  21. BusinessTradeLogisticsCommoditiesMarkets

    Treasury Secretary Bessent on Economy, China Tensions

    Treasury Secretary Scott Bessent expects economic growth to pick up later this year with core inflation trending lower. He dismissed the slowdown in GDP as a 'technical adjustment' and expressed confidence in the economy's strength. Inflation, as measured by the PCE index, slowed in June but remains above the Fed's 2% target. Bessent warned about growing tensions with China over AI development and rare earth supplies, likening it to a 'water polo match' where the U.S. may need to 'kick back'.
    2 sourcesSee all sources
  23. BusinessTradeLogistics

    Dollar Rate Decreases, Euro Increases on July 30 and 31

    On July 30 and 31, the dollar rate decreased while the euro rate increased in both the cash and interbank markets. The average dollar rate decreased by 4-6 kopecks in purchase and 3-5 kopecks in sale, while the euro increased by 8-12 kopecks in purchase and 12-15 kopecks in sale. The dollar rate opened at 44.86/44.89 UAH and decreased to 44.68/44.71 UAH by the end of July 30, and closed at 44.63/44.68 UAH on July 31.
    5 sourcesSee all sources