Financial Summary: Tuesday, July 29, 2025

A shooting incident in a New York skyscraper has resulted in five fatalities, prompting a major police investigation.

The EU-U.S. trade deal raises concerns within the EU while unexpectedly benefiting the UK amid ongoing trade negotiations.

A police officer and a civilian were shot in midtown Manhattan, leading to a significant law enforcement response.

The U.S. and China are nearing a deadline to extend their tariff pause, with negotiations ongoing and contingent on former President Trump's approval.

The UK government may officially recognize Palestine as a state if Israel does not address the ongoing crisis in Gaza.

Iran is expected to lead the growth of conventional refinery capacity in the Middle East by 2030, indicating a shift in regional energy dynamics.

U.S. stocks hit record highs fueled by optimism in AI technology and a new trade framework with the EU.

Oil prices surged past $70 per barrel amid geopolitical tensions and the new U.S.-EU trade deal.

Indian equity indices rebounded, with the Sensex rising 447 points, ending a three-day losing streak.

Kotak Mahindra Bank shares fell over 7% following disappointing Q1 results, marking its largest decline in 15 months.

European stocks rose slightly amid a flurry of earnings reports and assessments of the new trade deal.

The S&P 500 ended its winning streak after a U.S.-China meeting concluded without a trade deal, highlighting tariff-related stress.

U.S. covered call funds are experiencing record inflows as investors seek yield in a volatile market.

The Federal Reserve's upcoming meeting is generating interest, with no rate cuts expected but several intriguing subplots anticipated.

Jane Street Group is contesting allegations of market manipulation in India amid a SEBI investigation.

TCS layoffs raise concerns about a potential decline in housing demand from IT professionals in Bengaluru.

The Reserve Bank of India has acquired half a tonne of gold to strengthen its foreign exchange reserves.

India aims to increase its nuclear energy capacity to 100 GW by 2047 to meet rising power demands.

India has surpassed China in smartphone exports to the U.S., achieving a 240% increase in manufacturing.

Global Capability Centers (GCCs) are significantly boosting finance and accountancy job opportunities in India.

Waymo plans to launch its robotaxi service in Dallas by 2026, partnering with Avis for fleet management.

Samsung invests in AI chip startup Rebellions as it prepares to launch its second-generation AI chip.

Rosenblatt Securities rates quantum computing stocks IonQ and D-Wave as 'Buy', initiating coverage.

Microsoft is negotiating for continued access to OpenAI's technology beyond the AGI milestone.

Figma is set to launch its IPO after its acquisition by Adobe was blocked, marking a significant milestone.

EssilorLuxottica's revenue from Ray-Ban Meta smart glasses has more than tripled in the first half of the year, indicating strong market demand.

Firefly Aerospace sets its IPO share price range between $35 to $39, aiming for a valuation of $5.5 billion as it prepares to go public.

Novo Nordisk shares plummeted 26% following a profit warning and a new CEO announcement, significantly impacting its market capitalization.

Boeing reported reduced quarterly losses and increased sales, marking a significant turnaround in its operations.

Spotify's stock fell 9% after the company reported weaker-than-expected revenue guidance, disappointing investors.

Larsen & Toubro reported a 30% increase in consolidated net profit for Q1, bolstered by strong order inflow.

Royal Caribbean raises its full-year guidance due to strong cruise bookings, adapting to changing consumer preferences.

CyberArk's stock surged amid reports of Palo Alto Networks negotiating a potential $20 billion acquisition.

An NFL employee was seriously injured in a shooting incident at the league's headquarters in New York City.

Trump claims that Jeffrey Epstein 'stole' Virginia Giuffre from his Mar-a-Lago spa, referencing her allegations of sexual abuse.

A House panel has decided not to grant immunity to Ghislaine Maxwell amid scrutiny of the Justice Department's handling of Epstein-related files.