Financial Summary: Wednesday, July 9, 2025

Nvidia becomes the first company to achieve a $4 trillion market cap, driven by demand for its generative AI technology.

Microsoft's stock reaches an all-time high, bolstered by optimistic forecasts for its AI initiatives.

Elon Musk's Grok AI chatbot faces backlash for making antisemitic comments, including praise for Adolf Hitler.

Motive introduces a new AI model aimed at detecting positive driver behaviors to enhance road safety.

Analysts suggest Apple may need to consider acquisitions to remain competitive in the fast-evolving AI landscape.

Nvidia's CEO plans a visit to Beijing to discuss the launch of a new AI chip that complies with US export controls.

Perplexity AI has launched an AI-powered web browser named Comet for a select group of subscribers.

Apple's COO Jeff Williams announces his retirement, with Sabih Khan set to address supply chain challenges.

Jeff Bezos sells $666 million in Amazon stock as part of a strategy to offload 25 million shares.

VantageScore gains approval for home loan underwriting by Fannie Mae and Freddie Mac, challenging FICO's market position.

Swiggy's shares surge 28% ahead of its Q1 earnings report, with analysts optimistic about its growth prospects.

Tata Motors faces scrutiny as global wholesales drop 9% in Q1, primarily due to declining Jaguar Land Rover sales.

Nvidia becomes the first company to achieve a market capitalization of $4 trillion, driven by its AI chip production.

WPP's stock drops 16% as clients reduce spending on advertising, highlighting challenges in the marketing sector.

WK Kellogg's shares surged 50% following reports of a potential $3 billion acquisition deal with Ferrero.

Revolut is in discussions to raise $1 billion in funding, aiming for a valuation of $65 billion.

India's insurance industry faces slow growth in Q1 FY26 due to regulatory challenges and market volatility, particularly impacting life insurance.

Indian banks report muted credit growth as corporates opt for capital markets over traditional loans for funding.

Wealthy investors in India are increasingly investing in commercial real estate through Alternative Investment Funds, drawn by high rental yields.

A viral video of an Uber driver losing Rs 2.5 lakh in options trading has sparked renewed discussions on the risks for retail investors in India's derivatives market.

A report by HSBC reveals that affluent Indian investors are diversifying their portfolios with a growing interest in alternative assets and global investments.

Record copper prices are raising concerns about increased production costs in the automotive and electronics sectors.

Crizac shares debuted on the stock market today with strong investor demand, indicating a successful IPO.

U.S. stocks had a mixed session as investors reacted to President Trump's tariff threats, creating market uncertainty.

Indian textile stocks surged after the U.S. imposed tariffs on Bangladeshi garment imports, enhancing export prospects.

The Reserve Bank of India plans a ₹1 lakh crore variable rate reverse repo operation to manage market liquidity.

The BSE Sensex fell by 146 points amid concerns over U.S. tariffs on pharmaceuticals, impacting key sectors in the Indian market.

Union Bank's shares dropped over 5% following a Q1 business update that indicated a sequential slowdown in key metrics.

Despite tariff concerns, Wall Street indexes rose, with Nvidia's valuation hitting $4 trillion, indicating investor resilience.

Indian stock markets closed lower, with the BSE Sensex down 176 points as investors await clarity on U.S.-India trade agreements.

Sebi is considering allowing credit rating agencies to rate financial instruments outside its regulatory purview, potentially expanding their role in the market.

Treasury yields declined following a strong auction of 10-year notes, indicating investor confidence in government bonds.

Bitcoin reached a new all-time high of over $112,000, driven by a rally in tech stocks led by Nvidia.

Major stock indexes are nearing record highs, buoyed by Nvidia's market performance despite looming tariff threats.

Minutes from the Federal Reserve's June meeting reveal differing opinions among officials on the pace of potential interest rate cuts.

An opinion piece highlights the significance of living below one's means and prioritizing savings for long-term financial health.

US copper prices hit record highs amid President Trump's tariff threats, raising economic concerns.

Two individuals are charged in a $650 million global cryptocurrency scam that defrauded investors.

The US Supreme Court approves President Trump's plan for mass government layoffs, impacting federal jobs.

Trump's proposed tariffs on South Korean and Japanese imports raise fears of economic downturns in both nations.

China's producer prices fell by 3.6% in June, indicating significant deflation and economic challenges.

Tensions escalate between the US and BRICS as Trump proposes a 10% tariff on imports from the bloc.

Trump escalates rhetoric against Russia, threatening extreme military action to deter President Putin.

Trump announces a 50% tariff on Brazilian imports in response to the trial of former President Jair Bolsonaro.