Financial Summary: Thursday, July 31, 2025

Microsoft's market capitalization surpassed $4 trillion following a strong quarterly earnings report, with Azure revenue increasing by 39%.

Meta's Reality Labs reported a significant Q2 loss of $4.53 billion, raising concerns about its financial sustainability.

Samsung Electronics experienced a dramatic 94% drop in second-quarter profit, primarily due to a downturn in its chip business.

TCS announced layoffs of 12,000 employees, attributing the decision to challenges posed by AI advancements and industry pressures.

Reliance Industries reported a remarkable 78% year-on-year surge in Q1 net profit, reaching Rs 26,994 crore, aided by a one-time gain.

Ford exceeded Q2 earnings expectations but faced an $800 million impact from tariffs, highlighting ongoing trade challenges.

Apple reports its biggest revenue growth since December 2021, driven by strong iPhone sales and plans to significantly increase AI investments.

Amazon's earnings report shows robust sales growth, but a gloomy profit outlook raises concerns among investors about its AI investments.

Figma's shares surge over 200% in its NYSE debut, reflecting strong demand for its internet software among major companies.

Reddit's shares jump 20% after reporting a 78% year-over-year sales growth in the second quarter, marking its biggest beat in history.

Microsoft's strong quarterly performance emphasizes its dominance in AI, pushing its market cap close to $4 trillion.

Figma sets its IPO price at $33, exceeding market expectations ahead of its debut on the NYSE.

Micron introduces the world's first PCIe Gen6 SSD, aimed at enhancing data transfer speeds for AI data centers.

Ethereum marks its 10th anniversary with a record July, indicating a bright future for the cryptocurrency.

A leading AI software company's stock price skyrockets by 198%, approaching a new buy point.

President Trump announces a new trade deal with South Korea, reducing tariffs on goods to 15%.

New tariffs imposed by President Trump are straining U.S.-India relations, raising concerns over trade policies.

Treasury Secretary Bessent announced that the U.S. is close to reaching a deal with China, signaling potential progress in trade relations.

An appeals court expressed skepticism regarding Trump's authority to impose tariffs, following a previous federal trade court ruling that struck down his tariffs.

Trump envoy Witkoff met with Israeli Prime Minister Netanyahu amid increasing calls to address the humanitarian crisis in Gaza.

A former Israeli leader stated that the push for recognition of a Palestinian state has become a punitive measure against Israel.

India's stock market faces pressure as new US tariffs impact over 40 stocks, particularly in textiles, pharma, and auto sectors.

High out-of-pocket medical expenses continue to burden Indian households, revealing significant gaps in healthcare coverage.

Investor Vijay Kedia promotes resilience and national pride in India through a motivational song amid US tariff tensions.

Analyst Swaminathan Aiyar discusses the complexities of US-India relations in light of stricter US trade policies.

Indian consumers are facing challenges as Trump's 25% tariffs impact prices and trade dynamics in the market.

The Federal Reserve has decided to keep interest rates unchanged, maintaining high borrowing costs amid external pressures.

U.S. stocks retreated as Fed Chair Jerome Powell dampened hopes for a September rate cut, despite strong GDP data.

President Trump imposed a 50% tariff on copper products, leading to a notable decline in the copper market.

The Indian stock market faced a significant downturn as the BSE Sensex dropped 600 points following Trump's tariff threat on Indian goods.

U.S. Treasury yields rose as Fed Chair Powell indicated no imminent rate cuts, keeping markets cautious.

European shares gained amid positive corporate earnings, while investors monitored U.S. tariff announcements.

Japan's Nikkei index rose as the Bank of Japan maintained steady interest rates and revised inflation forecasts upward.

US stock futures reached record highs following strong earnings from Meta and Microsoft, boosting investor confidence in AI-driven growth.

The S&P 500 and Nasdaq reached record highs following strong earnings from Meta and Microsoft, highlighting the impact of AI investments.

Figma's shares surged over 200% in their stock-market debut, marking a significant moment in the ongoing IPO resurgence.

Retirees are increasingly burdened by rising out-of-pocket healthcare costs, raising alarms about their financial security in retirement.