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Stock Market news — August 1, 2026

Publications tagged with Stock Market published on August 1, 2026 (UTC). This is a fixed calendar-day archive.

32 publications

  1. 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
  2. U.S.TradeStock Market

    U.S. Stock Market Earnings Calendar

    The U.S. stock market earnings calendar for the week of August 3, 2026 includes several notable companies reporting their financial results. Key reports include Marriott International (MAR), ON Semiconductor (ON), Palantir Technologies (PLTR), Vertex Pharmaceuticals (VRTX), and The Walt Disney Company (DIS). Other companies reporting earnings during the week are ConocoPhillips (COP), Datadog Inc. (DDOG), Cloudflare Inc. (NET), Airbnb Inc. (ABNB), and many more.
    5 sourcesSee all sources
  7. 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
  8. WorldAsiaTradeStock Market

    India's Forex Reserves Surge $6.1 Billion to $682.35 Billion

    India's foreign exchange reserves jumped $6.118 billion to $682.354 billion during the week ended July 24, driven by a sharp increase in foreign currency assets and gold reserves. The rise comes after the Reserve Bank of India (RBI) launched special foreign currency deposit and borrowing schemes in June. The overall reserves had increased $1.08 billion to $676.237 billion in the previous week.
    4 sourcesSee all sources
  9. PoliticsMiddle EastStock MarketHockey

    Impact of CBA Expiration and Contention on MLB Trade Deadline

    The 2026 MLB trade deadline, set for Aug. 3 at 6 p.m. ET, is approaching with many contenders looking to bolster their rosters. However, the expiration of the Collective Bargaining Agreement (CBA) and the high number of teams still in playoff contention may limit trading activity. World Series champion Joe Girardi expects sellers to control the market, with teams like the Cincinnati Reds, New York Mets, and San Francisco Giants among those likely to trade players. The Los Angeles Dodgers, Milwaukee Brewers, and Tampa Bay Rays are interested in Detroit Tigers pitcher Tarik Skubal, while San Diego Padres closer Mason Miller could also be on the move.
    5 sourcesSee all sources
  11. BusinessTaxStock MarketM&A

    Nuggets' Peyton Watson Weighs Bold Move After 4-Year Offer Revealed

    Denver Nuggets' restricted free agent Peyton Watson is considering accepting his $6.5 million qualifying offer to become an unrestricted free agent next summer, rather than signing a four-year, $70 million extension offered by the Nuggets. This move could significantly increase the Nuggets' luxury tax penalty, adding complexity to their financial situation as they look to build around three-time MVP Nikola Jokić.
    32 sourcesSee all sources
  12. BusinessTaxStock MarketManufacturing

    Ohio State's Jersey Patch Deal with JPMorgan Chase Not Public

    Ohio State's reported $17M annual jersey patch deal with JPMorgan Chase was announced this week, but the full terms remain undisclosed. The university denied a public records request, citing Learfield's private status which handles the sponsorship. Ohio State's athletic department reported $42.8M in revenue from similar sources in 2025. Jersey patch sponsorships are becoming popular among athletic departments due to rising athlete compensation expenses.
    2 sourcesSee all sources
  15. 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
  17. 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
  18. BusinessTradeEquitiesStock Market

    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
  20. ScienceEquitiesEarningsStock Market

    Microsoft Stock Surges, Adds Record $450 Billion in Market Value

    Microsoft's stock surged on Thursday, adding nearly half a trillion dollars to its value, the most by any stock in a single day. The company's market capitalization increased by $450 billion, surpassing Nvidia's previous record of $440 billion. This gain is larger than the market capitalization of roughly 96% of S&P 500 stocks and bigger than many global equity markets. Microsoft's stock closed the day up 15.5%, marking its best day since October 2008.
    40 sourcesSee all sources