Financial Summary: Monday, August 4, 2025

Baidu is expanding its robotaxi services into Europe through partnerships with Lyft and Uber, enhancing its global autonomous vehicle strategy.

OpenAI's ChatGPT is projected to reach 700 million weekly users, marking a fourfold increase from last year, following a significant $8.3 billion investment round.

India's government faces criticism over economic management amid a downturn and calls for increased transparency.

The Reserve Bank of India is expected to maintain steady policy rates, with discussions on a potential rate cut due to low inflation.

Major Indian banks report a decline in CASA ratios, which is affecting their net interest margins.

Sebi Chair defends the ongoing investigation into Jane Street, highlighting the need for reforms in India's derivatives market.

Oil prices dropped as OPEC+ announced an output increase for September, raising concerns about oversupply.

Indian markets continued their decline for the fifth week amid global economic challenges, despite a rise in the Sensex driven by IT and metal stocks.

MCX shares surged 5% after reporting an 83% year-on-year profit increase and announcing a 1:5 stock split.

Thai Airways shares skyrocketed 231% as trading resumed after a five-year suspension due to bankruptcy restructuring.

Jefferies upgraded seven stocks, including Paytm and Swiggy, indicating improved earnings visibility.

Morgan Stanley forecasts a 10% rise in India's BSE Sensex, targeting 89,000 by June 2026, citing macroeconomic stability.

Wall Street saw a strong rebound with the Dow rising 585 points, marking its best day since May, following a weak jobs report.

A Florida couple is facing legal challenges over restrictions on building a home on their newly acquired vacant lot.

Financial expert Suze Orman shares crucial advice for safeguarding finances during retirement.

Communication expert Lorraine K. Lee recommends eliminating nine ineffective phrases to boost credibility in conversations.

Student loan borrowers in the SAVE payment pause may face increasing debt due to accruing interest and delayed relief.

China's independent oil companies are increasingly competing with international firms in Iraq's oil market.

India is under U.S. pressure regarding its ongoing purchases of Russian oil, with officials denying any plans to halt imports.

Tensions rise in Switzerland as the U.S. prepares to impose a 39% tariff on Swiss goods.

The EU has postponed the implementation of planned tariffs on U.S. goods for six months to aid trade negotiations.

The U.S. economy shows signs of a slowdown as the July jobs report indicates weaker-than-expected job growth.

Alphatec shares surged 27% after raising its growth outlook, reflecting strong investor confidence.

Indivior Plc's stock jumped 22.8% following impressive earnings and a positive outlook.

Chart Industries soared 15.7% on the announcement of a $13 billion merger and strong earnings.

eBay Inc. reached a new high after a strong Q2 performance and optimistic outlook.

Corning Inc. shares surged 12% after reporting impressive earnings and a positive outlook.

Western Digital experienced an 11.23% jump in stock price following strong earnings results.

Carvana surprised the market with a 10.7% gain as consumer interest shifts towards used cars.

Amphenol announces a $10.5 billion acquisition of CommScope's connectivity and cable unit.

Palantir has reported its first-ever quarterly revenue exceeding $1 billion, driven by a nearly 50% increase in sales.

Hims & Hers shares fell 10% following a revenue miss, continuing a downward trend after a previous collaboration with Novo Nordisk ended poorly.

Jaguar Land Rover has appointed P.B. Balaji as its new CEO to lead the transition towards an all-electric vehicle lineup.

Firefly Aerospace has increased its IPO price range, potentially valuing the company at over $6 billion as it prepares for its public offering.

Tesla awards CEO Elon Musk 96 million shares valued at approximately $29 billion amid ongoing legal disputes.