Financial Summary: Tuesday, August 12, 2025

Retirees are advised to plan year-end withdrawals from retirement accounts to improve their financial strategies.

A survey highlights infrastructure and cost as major barriers to battery electric vehicle adoption in the mining sector.

Financial advisors share seven tips for young adults to manage their finances effectively, focusing on savings and investments.

With 58% of workers feeling underutilized, experts recommend strategies for career advancement and skill utilization.

New estimates indicate that Social Security beneficiaries may see a 2.7% cost-of-living adjustment in 2026 due to inflation.

Japan's Nikkei index hit a record high, fueled by strong tech stocks and positive trade sentiment with the U.S.

The Reserve Bank of Australia cut its benchmark cash rate to 3.60%, the lowest in two years, amid easing inflation.

U.S. stocks opened higher as inflation data for July met expectations, boosting hopes for a potential interest rate cut.

The Dow Jones surged over 450 points, driven by increased expectations for a Federal Reserve rate cut.

Indian benchmark indices fell sharply, with the Sensex down 368 points due to declines in major banks.

Bond ETFs outperformed equities in weekly flows as investors anticipate potential rate cuts, indicating a shift in market preferences.

The US and China have agreed to extend their tariff truce for another 90 days, easing trade tensions between the two nations.

Ukraine expresses concerns about being excluded from the upcoming Trump-Putin talks, reflecting ongoing distrust towards Russia.

The UK faces backlash over new internet safety laws that mandate age verification for adult content, raising privacy concerns.

Pakistan has launched a new Remediation Costing Tool aimed at improving safety standards in the garment industry.

A sudden Russian military advance in the Donetsk region raises concerns ahead of the upcoming Trump-Putin summit.

China has warned its companies against using Nvidia and AMD chips, following Nvidia's approval to resume shipments to the country.

The FDA is considering pulling authorization for Pfizer's Covid vaccine for children under 5, potentially leaving them without available shots.

The White House is downplaying expectations for the upcoming Trump-Putin summit in Alaska, describing it as a 'listening exercise'.

Anthropic has offered its AI model Claude to the U.S. government for just $1, following OpenAI's example.

AST SpaceMobile plans to launch nearly 60 satellites by 2026 to compete with SpaceX in the satellite communications market.

Sam Altman is exploring an investment in a brain implant startup to compete with Neuralink.

AI startup Perplexity has made a $34.5 billion bid to acquire Google's Chrome amid ongoing antitrust concerns.

Tesla is recruiting robotaxi test drivers in New York City for its automated driving systems, despite lacking necessary permits.

Indian lenders are considering waiving administrative charges to support MSMEs impacted by US tariffs, following government recommendations.

Sebi plans to simplify regulations for foreign investors to boost long-term capital inflows into India's markets.

HSBC has flagged 73% of its commercial property loans in Hong Kong as risky amid ongoing market challenges.

Sinclair is exploring merger options to enhance its broadcast business in response to competitive pressures.

U.S. automakers are reassessing their electric vehicle strategies following new policy changes from President Trump.

Stitch Fix plans a comeback under new CEO Matt Baer after a significant drop in stock price.

Adani Defence & Aerospace has acquired Indamer Technics to strengthen its position in the aviation sector.

Star Entertainment's shares surged 32% after reviving a deal to sell a stake in its Brisbane resort.

Inox Green Energy's shares rose 5% after signing an operations and maintenance agreement for wind projects.

Nykaa's Q1 net profit surged 79% year-on-year, reflecting strong consumer demand.

Spirit Airlines issued a warning about its financial viability, indicating potential survival issues without additional cash.

Circle's shares rose after reporting a 53% revenue increase in its first earnings report as a public company.

IndiQube reports a record Q1 revenue of ₹313 crore, marking a 27% year-on-year increase.

Hindalco's Q1 profit rises 30% to ₹4,004 crore, driven by higher revenue.

Cardinal Health expands its urology focus with a $1.9 billion acquisition of Solaris Health.

Shares of Swiss sneaker company On surged 32% as it reports strong sales growth and raises its outlook.

Amphastar receives FDA approval for its iron sucrose injection, with analysts predicting significant sales momentum.

Wall Street analysts express confidence in Starbucks' turnaround plan under CEO Brian Niccol, leading to an upgrade in stock ratings.

Cava's stock dropped significantly after the company revised its forecast due to disappointing same-store sales growth.

The Las Vegas Sphere reported selling 120,000 tickets for 'Wizard of Oz' screenings, anticipating total sales to reach 200,000 by the first screening.

President Trump advised Goldman Sachs CEO David Solomon to replace the company's economist over inaccurate tariff predictions.