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Business News

Location American Business News for 2 August 2026
XRP Scam Ring Arrested After Stealing $9M From 71 Investors South Korean police arrested three suspects accused of stealing 12.3 billion won, or about $9 million, from 71 XRP investors. Investigators traced 27.3 billion won through related wallets, indicating that total losses co...
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The German Auto Industry, a Pillar of the National Psyche, Is Trembling The countrys iconic carmakers are struggling with tariffs, the growth of electric vehicles and intense competition from Chinese companies.
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How Apples cheap MacBook Neo sparked a war in budget laptops Apples gamble on the budget MacBook Neo is paying off and forcing rivals to rethink their offerings.
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Investors are rotating into financial stocks. The Feds next move could determine how far the rally runs. Financial stocks have been among the markets best performers this month. The Feds next move, however, may determine how much further the rotation can run.
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Why every tech giant wants to look like a cybersecurity company in the AI era As AI agents break free, tech giants are racing to turn cybersecurity into a core feature of their businesses.
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JPMorgan resets Amazon stock target after AI payoff JPMorgan raised its Amazon stock target after AWS growth accelerated, but rising AI spending and negative free cash flow remain central risks
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Tim Cooks lasting legacy: Keeping Apples eye on the ball Apple has been phenomenally profitable because its CEO resisted demands to change the businesss focus.
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Morgan Stanley spots four overlooked Meta profit engines Morgan Stanley says four emerging Meta businesses could add roughly 25% to projected 2028 earnings despite soaring AI spending.
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Sam Altman says Paul Graham and Peter Thiel taught him a key lesson about investing OpenAI CEO Sam Altman said that he learned "the best investment opportunities are almost never the ones that look really popular."
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Grayscale Urges Senate CLARITY Act Vote Before August Recess Grayscale urged Senate leaders to schedule a CLARITY Act vote before the August recess, warning that delay threatens U.S. competitiveness. The bill would divide crypto oversight between federal regulators and establish n...
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Morgan Stanley leads $15B bet on Anthropics Texas campus The financing structure shows whos really backstopping AIs buildout.
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Income-tax returns: Here's a list of invoices, documentation employees should retain to support tax-free reimbursements Income-tax returns: The due date for ITR-1 and 2 passed on 31 July, but taxpayers using ITR-3 and 4 have time to complete their process. Amid the tax season, we explain what invoices and documents employees should retain...
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No international funds open? These 15 domestic funds still hold foreign equities - two schemes have over 26% allocation With international mutual funds facing investment restrictions due to overseas limits, investors can explore domestic mutual funds with significant foreign equity exposure. A total of 15 equity and hybrid funds have inve...
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For a Day, Google Made It Easy to Spoof Satellite Imagery

The New York Times - 2 Aug 2026 19:25
For a Day, Google Made It Easy to Spoof Satellite Imagery A new Google Earth tool allowed the creation of A.I. deepfake maps. The tech giant quickly pulled it back after a backlash and concerns about disinformation risks.
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Mint Explainer | What China's sodium-ion battery breakthrough means for India China is pushing sodium-ion batteries into commercial use for EVs and energy storage. Here's why the technology matters, where India stands, and whether it can become a credible alternative to lithium-ion batteries.
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BTC Plunge Triggers Altcoin Sell-off as ADA Bucks the Trend Bitcoins late-July rally collapsed into a $3,000 flash drop to $62,236 on July 31, erasing $40 billion in market capitalization. Total crypto market capitalization fell from $2.33 trillion to $2.22 trillion, while total ...
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Adding equity does not always increase portfolio risk: New study compares different debt, equity and gold portfolios A 100% debt portfolio delivered an average annual return of 6.79% with volatility of 6.38%. However, adding a 10% equity allocation improved returns to 7.99% while reducing volatility to 5.76%, showing that higher equity...
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Redfin shows why the housing market is better than you think Higher mortgage rates aren't the whole story. Redfin data reveals why today's homebuyers actually face less competition and more leverage.
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Counting down the days: State of Crypto

Coin Desk - 2 Aug 2026 18:30
Counting down the days: State of Crypto The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of Clarity is one of those priorities.
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Iran Rejects Trump Deal as Hormuz Tensions Grip Markets Again Conflicting statements from Washington and Tehran have cast fresh uncertainty over the Strait of Hormuz, leaving global markets and governments watching to see whether diplomacy can prevent another escalation in one of t...
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Skoda drives Volkswagen Indias profit revival, backed by parent support Skoda Auto Volkswagen India reported a 48% jump in net profit to ₹139 crore in FY26, while total revenue rose 11% to ₹22,338 crore. The company's net profit had fallen 2% to ₹93.9 crore in FY25 and 69% to ₹95...
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8th pay commission: As panel closes data submission window, check latest updates on group consultations The 8th central pay commission (CPC) has closed its window for data submission this week. Here's a look at the latest updates on its group consultations process before the panel makes its recommendations.
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