Financial Summary: Wednesday, August 20, 2025

Tech giants are acquiring talent from startups, leading to the rise of 'zombie startups' struggling with AI investment regulations.

AI agent startup TinyFish has secured $47 million in funding, highlighting strong investor interest in AI technologies.

Analog Devices has surpassed earnings expectations and raised its guidance, indicating a recovery in the chip industry.

Palantir Technologies has seen a decline of over 20% from its peak, marking its sixth consecutive session of losses.

Field AI, a robotics startup backed by Nvidia and Bill Gates, has reached a $2 billion valuation following recent funding rounds.

The US tech market is facing a downturn, with the Nasdaq experiencing its worst week since spring amid concerns over AI stock sustainability.

Civ Robotics is revolutionizing solar farm construction by using robots for land surveying, significantly reducing time and costs.

AOL has officially discontinued its dial-up internet service after 30 years, marking a significant shift in internet connectivity.

A recent MIT study raises concerns about the future performance of AI stocks in the enterprise market.

The Cascale 2025 meeting is set to enhance accountability in climate and labor practices, aiming for sustainable development.

The Indian government has approved a Rs 62,000 crore deal for the acquisition of 97 LCA Tejas Mark 1A fighter jets, boosting the indigenous defence sector.

UK safeguarding minister Jess Phillips calls for stronger child protection measures from smartphone manufacturers following new age verification rules for adult websites.

The U.S. accuses India of profiting from Russian oil by refining and reselling it to sanctioned regions, escalating geopolitical tensions.

Japan's exports fell by 2.6% in July, marking the largest decline in over four years and exceeding economists' expectations.

UK councils are considering legal action against hotels housing asylum seekers after a High Court ruling favored local opposition.

China is reportedly exploring the introduction of yuan-backed stablecoins to enhance the global use of its currency.

Russia demands inclusion in any security guarantees for Ukraine, potentially giving Moscow a veto over defense efforts for Kyiv.

Israel has called up 60,000 reservists in preparation for a renewed military offensive in Gaza City amid a controversial settlement project in the West Bank.

New research highlights serious health risks linked to microplastics, coinciding with increased plastic production by the oil and gas industry.

Pop Mart reported better-than-expected profits, alleviating concerns about its sales sustainability.

Aurobindo Pharma is close to acquiring Zentiva for $5.5 billion to strengthen its presence in Europe.

Reliance Infrastructure and Reliance Power shares surged over 10% after securing clean energy project wins.

Canva launched an employee stock sale at a valuation of $42 billion, reflecting strong market confidence.

Ola Electric shares rebounded 18% amid speculation of favorable GST reforms for electric vehicles.

Target's shares dropped 10% following the announcement of a new CEO amid ongoing sales declines.

Hertz partnered with Amazon Autos to sell used vehicles online, aiming to boost its retail business.

Lowe's has acquired Foundation Building Materials for $8.8 billion, expanding its market presence.

TJX shares are set for a record close following strong earnings and an optimistic full-year forecast.

La-Z-Boy's shares fell as the company cited a 'challenged consumer' environment impacting sales.

Target appointed Michael Fiddelke as its new CEO to revitalize sales and investor confidence.

Palantir's stock has fallen for six consecutive days, marking its longest losing streak since April 2024.

The Indian stock market continued its upward trend with the Sensex rising 213 points, marking a five-day winning streak.

US stocks opened subdued as investors reacted to mixed retail earnings reports ahead of the Federal Reserve's upcoming meeting.

Comex Gold prices rose by 0.91%, reflecting increased investor interest in safe-haven assets amid market fluctuations.

Oil prices extended gains following a significant draw in U.S. crude stock, indicating tightening supply conditions.

Tech stocks have continued to decline, with the Nasdaq composite dropping approximately 2% over the last two days, impacting overall market indexes.