Financial Summary: Wednesday, September 3, 2025

Protests against overtourism are escalating worldwide as tourist numbers return to pre-pandemic levels in popular destinations.

Chinese President Xi Jinping warns of a global choice between 'peace or war' during a military parade attended by world leaders.

Syria has resumed crude oil exports after a 14-year hiatus, marking a significant shift in its economic landscape.

Russia and China have signed a deal to advance the Power of Siberia 2 gas pipeline, enhancing their energy cooperation.

President Trump plans to call President Putin as efforts for peace in Ukraine face challenges, while announcing further measures against Russia.

The Indian stock market closed higher with the Sensex up 410 points, driven by banking and metal stocks ahead of the GST Council meeting.

Gold prices reached record highs amid central bank purchases and geopolitical tensions, raising concerns about the sustainability of the rally.

Japan's stock market hit record highs, supported by foreign investments and corporate buybacks, despite caution from domestic investors.

European shares rebounded as bond selloff stabilized, with investors awaiting U.S. job openings data.

The S&P 500 and Nasdaq rose following a favorable antitrust ruling for Alphabet, as investors anticipate labor market data that could influence interest rates.

JPMorgan predicts gold prices could soar to $4,250 next year amid uncertainties regarding the Federal Reserve's policies.

U.S. natural gas futures have risen for the sixth consecutive session, driven by lower production and stable LNG feedgas flows ahead of upcoming storage data.

Zerodha, India's leading retail brokerage, faced a technical glitch causing price updates to freeze, leading to user complaints.

Shares of CG Power surged 14% after the launch of India's first OSAT facility in Gujarat, expected to create jobs.

The GST Council meeting has commenced, with investors optimistic about potential rate revisions that could boost market sentiment.

India's venture capital assets under management have increased to Rs 4.9 lakh crore, fueled by domestic capital and small funds.

A recent AICPA survey reveals rising financial stress among Americans, largely due to student loan debt.

The number of student loan borrowers pausing payments has doubled since 2024, influenced by the Biden-era SAVE plan and economic challenges.

Waymo has expanded its robotaxi service testing to Denver and Seattle as part of its U.S. growth strategy.

The U.S. has revoked export waivers for major chipmakers TSMC, SK Hynix, and Samsung, impacting their sales to China.

Cybersecurity firm Zscaler reported strong fiscal Q4 earnings, exceeding market expectations.

Netflix has enhanced its 'Moments' feature, allowing users to customize and share clips from mobile devices.

Google is positioned to strengthen its dominance in the AI market following favorable court sanctions.

Salesforce announces 4,000 layoffs as CEO Marc Benioff shifts focus towards AI, despite reporting better-than-expected earnings.

Macy's shares surged 10% after the retailer reported better-than-expected earnings and raised its outlook.

Elon Musk predicts that 80% of Tesla's future value will come from Optimus humanoid robots, emphasizing the company's AI ambitions.

Thames Water's creditors are increasing investment to secure a rescue deal and avoid nationalisation amid financial struggles.

Ola Electric shares have surged 55% in a month, driven by positive technical indicators and PLI scheme approval.

Nestle's CEO was dismissed following an inquiry into favoritism complaints, raising questions about corporate governance.

Charter Communications is set to acquire Cox Communications, a strategic move to enhance its market position.

Luxury yacht manufacturer Azimut|Benetti announced record sales, highlighting strong demand in the luxury market.

OpenAI has increased the size of its secondary share sale to $10.3 billion, allowing current and former employees to sell their stock.

C3 AI reported declining revenue and announced Stephen Ehikian as the new CEO, succeeding Thomas Siebel.

Figma's stock dropped significantly following its first earnings report since going public, despite a 41% revenue increase.

American Eagle's stock surged 20% after the retailer announced strong performance linked to its Sydney Sweeney marketing campaign.

American Bitcoin, backed by the Trump family, saw its stock surge following its public listing on Nasdaq.