Category / Daily archive

Business news — August 1, 2026 - Page 7

Business publications published on August 1, 2026 (UTC). This is a fixed calendar-day archive. Page 7 of 12.

279 publications

Business Trade
Aug 1, 2026, 14:30 UTC
Get Ready to Glow with These Affordable Beauty Finds
Discover the best affordable beauty and self-care finds that deliver luxury vibes without breaking the bank. From glass-skin serums to hair dryers and stylers, these picks are viral for a reason. They're affordable, effective, and look way more expensive than they are.
5 sourcesSee all sources
Business Budget Trade
Aug 1, 2026, 14:30 UTC
FGV's Uncertainty Indicator Falls in July
The FGV Uncertainty Indicator decreased by 1.9 points in July, reaching 109.4 points.
2 sourcesSee all sources
Business Trade Equities Stock Market
Aug 1, 2026, 14:29 UTC
Amazon's Q2 Revenue Surges, AWS Growth Accelerates
Amazon reported Q2 revenue of $200.6 billion, up 20% year-over-year, driven by strong growth in its Amazon Web Services (AWS) division. AWS revenue grew 37% YoY to $42.2 billion, its fastest pace in 18 quarters. Notably, both AWS's AI business and chips business have surpassed a $25 billion annual revenue run rate, each growing at triple-digit rates. Amazon Advertising revenue also grew 26% YoY to $19.81 billion. The company's net income surged 245% to $62.6 billion.
40 sourcesSee all sources
Business Trade
Aug 1, 2026, 14:29 UTC
GM and Ford Cut Back on EV Talk
GM and Ford are mentioning electric vehicles (EVs) less frequently on their investor calls, returning to pre-pandemic rates, according to data from TechCrunch and Hudson Labs.
2 sourcesSee all sources
Business China Trade Manufacturing
Aug 1, 2026, 14:27 UTC
EA's $55 Billion Saudi Takeover Approved, Deal to Close Next Week
Electronic Arts (EA), the video game company behind EA Sports FC and The Sims, has received all necessary regulatory approvals for its $55 billion acquisition by Saudi Arabia's Public Investment Fund (PIF) and a group of investors. The deal is expected to be completed on August 4.
7 sourcesSee all sources
Business Trade Real Estate Corp Gov
Aug 1, 2026, 14:27 UTC
Urban Company Q1 Results: Net Loss, Revenue Growth
Urban Company reported a net loss of Rs 92 crore in Q1 FY27, compared to a profit of Rs 7 crore in the same period last year. Despite the loss, revenue grew by 44% YoY to Rs 528 crore. The company attributed the loss to its InstaHelp service. Urban Company targets adjusted EBITDA breakeven by Q3 FY28.
5 sourcesSee all sources
Business Trade
Aug 1, 2026, 14:27 UTC
Sainsbury's Sells Argos for £120m
Sainsbury's has agreed to sell its Argos business for £120m. The deal includes all 664 Argos UK stores, which will continue to operate within Sainsbury's shops. Argos will also sell Habitat products and offer Nectar points. The supermarket giant is selling Argos for a fraction of the £1.4 billion it paid for the chain in 2016.
33 sourcesSee all sources
Business Equities
Aug 1, 2026, 14:27 UTC
Chevron and ExxonMobil Report Q2 Earnings
Chevron and ExxonMobil both reported strong second quarter earnings. Chevron's adjusted EPS was $6.06, beating estimates by $0.51, with revenue up 56% YoY to $70.1B. ExxonMobil's adjusted EPS was $3.52, with revenue of $116.02B, both slightly below estimates. Both companies saw significant increases in free cash flow.
15 sourcesSee all sources
Business Commodities Layoffs Regional
Aug 1, 2026, 14:26 UTC
Residential Buildings Boom in Historic Triangle of SP
The historic triangle of São Paulo, bounded by Largo do Leblon, Boa Vista streets, and Sé Square, is witnessing a new trend: an increase in residential buildings. This area, distinct from the newer part of the city center, is experiencing a shift in its architectural landscape.
2 sourcesSee all sources
Business Budget
Aug 1, 2026, 14:26 UTC
TransAlta Reports Strong Second Quarter Results
TransAlta Corporation has reported strong financial results for the second quarter of 2026. The company's profit and revenue have both increased compared to the same period last year.
3 sourcesSee all sources
Business Trade
Aug 1, 2026, 14:24 UTC
Ricardo Roa's Farewell as Ecopetrol President
Ricardo Roa, outgoing president of Ecopetrol, bid farewell in a press conference where he presented the balance of his tenure. He described the company's first-half results as 'not excellent, but extraordinary'.
7 sourcesSee all sources
Business Trade
Aug 1, 2026, 14:24 UTC
Irancell CEO Emphasizes Shift to Strategic Partnerships
The CEO of Irancell stressed the importance of moving away from traditional client-contractor relationships towards strategic partnerships with suppliers. This shift aims to create value for both parties, improve service quality, and ensure sustainable development. The 'Strengthening Strategic Partnerships with Irancell Suppliers' conference, held on August 8, was attended by senior management and supplier companies to discuss this transition.
2 sourcesSee all sources
Business Budget Trade Equities
Aug 1, 2026, 14:23 UTC
Novo Nordisk Stock Plunges After Heart Drug Trial Failure
Novo Nordisk's stock market value plummeted by $30 billion following the failure of a clinical trial for its experimental heart drug. Analysts criticized the company for the trial's outcome.
2 sourcesSee all sources
Business United Kingdom Corp Gov Earth
Aug 1, 2026, 14:23 UTC
Businesswomen Kiran Mazumdar-Shaw and Geetanjali Kirloskar Discuss Their Friendship
Geetanjali Kirloskar (@GeetanjaliKir) shares the story behind her friendship with Kiran Mazumdar-Shaw (@kiranshaw) in a candid conversation for 'Baatein Dil Se with @NavikaKumar'. The two businesswomen discuss how their friendship began with their spouses and has since spanned over three decades.
11 sourcesSee all sources
Business Trade Logistics
Aug 1, 2026, 14:22 UTC
Russian Currency Exchange Rates on July 31st
On July 31st, the dollar's exchange rate increased to 79.8573 rubles (+0.5003) and the euro to 90.8776 rubles (+0.6725) according to the Central Bank of Russia. The dollar rate decreased to 2.9058 rubles, the yuan rate decreased to 4.3135 rubles, and the ruble rate increased to 3.6630 rubles for 100 Russian rubles.
4 sourcesSee all sources
Business Commodities Markets FX
Aug 1, 2026, 14:22 UTC
BCE's Optimism on Banks' Crisis Measures
The European Central Bank (BCE) is set to analyze its excessive optimism regarding the measures available for crises within the banking sector. The BCE has been criticized for overestimating banks' resilience against geopolitical crises.
2 sourcesSee all sources
Business Labor Inequality Trade
Aug 1, 2026, 14:22 UTC
Consumer Confidence Rises in July
Consumer confidence in Italy increased in July, according to Istat. The consumer confidence index rose from 92.4 to 94.2 points, driven by improved economic sentiment and future expectations. Business confidence also increased, with manufacturing, services, and retail trade sectors showing improvements. The University of Michigan's consumer confidence index final value for July was higher than expected at 55.2, with consumers' inflation expectations at 4.2% for the next year and 3.3% for the next five years.
4 sourcesSee all sources
Business Trade
Aug 1, 2026, 14:21 UTC
Magna Reports Q2 Sales Increase and Higher Profit
Magna has reported an increase in sales and profit for the second quarter (Q2). The company's sales edged higher while its profit rose from the previous year.
2 sourcesSee all sources
Business Inflation Budget
Aug 1, 2026, 14:21 UTC
Consumer Sentiment Rises in July
Consumer sentiment improved in July as gasoline prices decreased and inflation indexes turned negative. The University of Michigan's final July sentiment index rose to 55.2, surpassing expectations.
3 sourcesSee all sources
Business Budget Trade Real Estate
Aug 1, 2026, 14:21 UTC
Euribor Surge Boosts Mortgage Costs
The Euribor has reached nearly two-year highs, leading to an increase of approximately €750 per year for the average mortgage holder.
2 sourcesSee all sources
Business Trade Equities Derivatives
Aug 1, 2026, 14:21 UTC
German AI Prodigy's Fund Crashes
Leopold Aschenbrenner, once hailed as the 'brightest mind in AI trading' on Wall Street, saw his fund, Situational Awareness, plummet from $20 billion to near liquidation in a short period. The German 'wunderkind' built the fund to over $45 billion, making it one of the largest AI-focused hedge funds, before its dramatic decline.
15 sourcesSee all sources
Business Trade
Aug 1, 2026, 14:21 UTC
Fed Officials Push for Rate Hike to Combat Inflation
Several Federal Reserve officials who voted to increase interest rates at the latest meeting are publicly advocating for immediate action to combat inflation. These officials, including Beth Hammack, Neel Kashkari, and Lorie Logan, argue that the central bank must address current inflationary pressures and supply shocks.
6 sourcesSee all sources
Business Trade Commodities Equities
Aug 1, 2026, 14:20 UTC
Colgate-Palmolive Q2 Earnings: Revenue Beats Estimates, US Sales Decline
Colgate-Palmolive reported a 4.9% increase in net sales to $5.36 billion for Q2 2026, beating analysts' estimates. Adjusted EPS was 99 cents, also exceeding estimates of 95 cents. However, organic sales in North America declined by 3% due to lower volumes driven by higher prices affecting low-income consumers. The company maintained its full-year net sales growth guidance of +2% to +6%.
4 sourcesSee all sources
Business Tax Trade
Aug 1, 2026, 14:20 UTC
Cameco Reports Decline in Q2 Profit
Cameco Corporation has reported a decrease in both profit and revenue for the second quarter (Q2) of 2023 compared to the same period last year. The company's earnings and sales figures have dropped from their 2022 levels.
2 sourcesSee all sources