Financial Summary: Wednesday, July 23, 2025

Many Americans are turning to DIY weight loss injections as a more affordable alternative to costly prescription medications.

Student loan forgiveness remains on hold for borrowers in the Income-Based Repayment plan, impacting those seeking financial relief.

India's new income tax bill proposes an increase in taxes on share sale profits for promoters and family offices from 12.5% to 18.5%.

Credit card growth in India has seen its first decline since the pandemic, with new additions dropping in June 2025.

Sapphire Foods India reported a quarterly loss attributed to increased competition from local cafes and online kitchens.

Microsoft's latest earnings report shows robust growth in Azure, reflecting strong demand for cloud services.

Geoffrey Hinton cautions that AI will disrupt jobs, but the healthcare sector will still require skilled professionals.

Meta has taken action by removing over 600,000 accounts linked to predatory behavior on its platforms to protect teens.

President Trump announced a new trade deal with Japan, imposing 15% tariffs on Japanese exports and committing $550 billion to U.S. supply chains.

Singapore retains its top position in the Henley Passport Index for 2025, while the US and UK see declines in their rankings.

The Asian Development Bank has lowered its growth forecast for Asia due to ongoing global trade tensions.

The US and EU are nearing a 15% tariff agreement, potentially averting Trump's threat to increase duties.

Former President Trump announced an AI action plan requiring developers' chatbots to be free of ideological bias to qualify for federal contracts.

UK opposition leader Kemi Badenoch likened her approach to economic reform to that of Argentina's Javier Milei, advocating for significant cuts to state spending.

The Macron family has filed a defamation lawsuit in the US against influencer Candace Owens over claims regarding France's first lady.

Tokyo stocks surged over 3% to a one-year high following a new trade deal with the US that reduces tariffs on vehicles and parts.

The Indian stock market rose significantly, with the BSE Sensex up 539.83 points, driven by optimism from the US-Japan trade agreement.

US stocks closed mixed as optimism in AI spending lifted major companies, despite a decline in GM shares due to tariff impacts.

Meme stocks like GoPro and Krispy Kreme saw significant gains, with shares up 40% and 25% respectively, reflecting a revival in market enthusiasm.

Oil prices reversed losses as focus shifted to US trade talks and inventory gains at Cushing, indicating market volatility.

Existing home sales in June fell unexpectedly as prices reached record highs, highlighting ongoing challenges in the housing market.

U.S. stocks surged with the Nasdaq and S&P reaching new records, while the Dow gained 508 points, driven by a trade deal with Japan and ongoing European negotiations.

Capital One's shares rose after its acquisition of Discover, boosting investor confidence.

Texas Instruments' stock fell following a disappointing revenue forecast for Q3.

Paytm's parent company reported a Q1 profit of Rs 122.5 crore, indicating a recovery from last year's losses.

Eternal's shares surged over 10% due to strong performance from Blinkit, prompting raised target prices by brokerages.

GMR Airports plans to raise Rs 5,700 crore to refinance debt and reduce borrowing costs.

Oberoi Realty shares dropped 4% after an institutional investor exited with a $230 million stake.

JSW Infrastructure reported a 31% increase in Q1 profit, leading analysts to issue a 'Buy' rating.

Dixon Technologies' Q1 profit doubled year-on-year, resulting in target price increases from analysts.

United Breweries reported a 6% rise in profit after tax for Q1, driven by strong sales in the premium segment.

MRPL shares surged 6.4% on an improved Q2 outlook driven by refining margins and discounted crude.

SpiceJet shares rose 6% after the Supreme Court dismissed a significant damages appeal.

Infosys exceeded profit expectations with a 9% YoY increase to ₹6,921 crore and an 8% rise in revenue for Q1.

Amazon closes its AI research lab in Shanghai as part of cost-cutting measures amid layoffs in its cloud computing unit.

Goldman Sachs and BNY Mellon are collaborating to innovate the $7.1 trillion money market industry using digital tokens.

Alphabet reported a 20% profit increase, exceeding earnings expectations, and raised its 2025 capital expenditure forecast by $10 billion due to strong demand for cloud services.