Money

• US stocks ended the week higher, with the Nasdaq 100 breaking a five-day losing streak that was driven by Treasury yields hitting their highest levels since 2007. • Investors are now awaiting Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole Economic Policy Symposium this Friday for guidance on future interest rates. • Nvidia Corp. will report earnings on Wednesday, serving as a critical stress test for the ongoing AI trade.

Researchers hope contest – similar to Fat Bear Week – starting Monday will be latest wildlife watching crazeMonday sees the start of what researchers hope will be the latest wildlife watching craze – Fat Marmot Week.Last winter was tough for marmots living high in the Colorado mountains, where researchers say two-thirds of one population died while hibernating because of insufficient snow cover. Continue reading...

• Shiprocket shares made a strong market debut, listing at a 35% premium over their issue price. • Financial analysts suggest that investors who received allotments should book partial profits immediately to capitalize on the listing gain. • The remaining shares are recommended to be held for the long term to benefit from the company's future growth.

• Moneycontrol is providing updated business coverage focusing on the Indian economy, global markets, and live tracking of the Sensex and Nifty. • Key market highlights for June 11 include stocks to watch such as Lenskart Solutions, Meesho, Vascon Engineers, Zee Entertainment, and PPAP Automotive. • The platform is offering financial guidance on gold leasing strategies to earn returns on idle assets and the importance of emergency "Plan B" retirement planning.

The administrative work required to run an effective investment scam has been drastically cut by using merging technologyGet our breaking news email, free app or daily news podcastWithin days of clicking on an online ad for a cryptocurrency trading app, a 29-year-old Queensland man watched his dashboard soar with profits.Making investment gains was as simple as downloading the slick-looking app and browser extension linked to his crypto wallet. So he invested more. Continue reading...

• European households are holding approximately $12.5 trillion in bank deposits, showing a strong preference for saving over investing in stock markets. • A SUERF report highlights a significant gap in equity participation compared to the US, where directly held equities make up about 25% of financial assets for households and nonprofits. • This cautious investment behavior is critical because it weakens the direct link between private household savings and broader economic investment.

• Former Thai lawmaker Chalong Riewrang fatally shot the chairman of the Provincial Administrative Organization in Nonthaburi on Friday. • Police report that the shooting was triggered by a dispute regarding borrowed money between the two men. • In response to the violence, Thailand's Education Ministry announced a plan to develop new school safety protocols over the next three months.

• A former Thai Member of Parliament shot and killed a local government official on Monday during a financial dispute in Nonthaburi province. • The attack occurred in broad daylight outside a government building; the suspect was subsequently arrested and confessed to journalists at the police station. • The perpetrator claimed he did not aim to shoot the victim, though the incident resulted in a fatality.

• Former Thai MP Chalong Riewrang shot and killed local government official Thongchai Yenprasert in Nonthaburi. • The fatal shooting was reportedly triggered by a financial dispute between the two men. • This incident highlights a violent escalation of a personal money row involving a former high-ranking political figure.

• President Donald Trump stated that the U.S. is only "semi-negotiating" with Iran, suggesting a strategic "low key" approach as Tehran faces severe economic pressure and a lack of funds. • Iranian Foreign Minister Abbas Araghchi revealed that discussions with Oman regarding new maritime routes through the Strait of Hormuz are currently in their "final stages." • In a separate development, Basij Organization deputy Qasem Qoraishi announced that footage of Supreme Leader Khamenei interacting with the public and military commanders will be released soon.

• Boris Pervushin argues that the current "coalition of willing" European politicians supporting Ukraine is operating against domestic public sentiment. • The support structure faces significant pressure in the coming year as voters in Italy, Poland, Spain, and Germany prioritize their own standard of living over the conflict in the East. • This shift is critical because the debate over funding Ukraine is evolving from a geopolitical strategic issue into a matter of electoral survival for European elites.

• Defense tech startup Hadrian has reached a valuation of nearly $8 billion following a fresh round of funding. • The company joins other high-value firms like Shield AI, valued at $12.7 billion in March, and autonomous ship maker Saronic, valued at $9.25 billion. • This surge in investment is driven by President Trump's strategic plans to modernize and upgrade the U.S. military infrastructure.

• European AI startups raised $23 billion in the first half of the year, according to data from HumanX and Crunchbase. • Funding is heavily concentrated, with 73% of the total capital flowing into just 38 companies. • Six firms secured over $1 billion each, including autonomous driving developer Wayve and Alphabet-owned Isomorphic Labs.

• AC Milan has completed a record-breaking transfer to sign defender Sergio Ramos, while Real Madrid has strengthened its attacking options by signing Denzel Dumfries. • These high-profile moves are part of a broader trend of significant spending across Europe as clubs reshape their squads for the upcoming season. • The transfers signal a strategic shift in team compositions, potentially altering the competitive balance of top-tier European leagues.

Jean-Claude Perrottet, brother of former NSW premier, asked about messages referencing federal opposition leader and factional group ReformersIcac’s spotlight has shone on Dominic Perrottet’s brother – and it won’t be the last we hear from his familyNew South Wales’s anti-corruption watchdog has been shown text messages which suggest Angus Taylor “had paid some money to the Reformers … or was refusing to”, according to the lawyer assisting the inquiry.Taylor, the federal opposition leader, is not named in Icac’s allegations and has previously denied making payments to the hard-right factional group the Reformers. Continue reading...

• The 18th edition of the Korea Masters badminton tournament, a BWF World Tour Super 300 event, is scheduled to take place from August 4 to 9, 2026. • The event will feature a competitive field including registered Indian players vying for the tournament's prize money. • As a Super 300 event, the tournament provides critical ranking points for athletes aiming to climb the BWF world standings.

• The Korea Masters 2026, a BWF Super 300 badminton tournament, is scheduled to begin on August 4. • The event will feature a competitive field including several Indian players vying for a share of the tournament's prize money. • This competition is significant as it allows shuttlers to earn critical ranking points and provides a platform for emerging players to challenge top seeds.

• Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) continued their buying streak on August 3, investing Rs 922 crore and Rs 1,671 crore in equities, respectively. • Global market cues are currently influenced by US tech earnings and range-bound oil prices, while domestic focus shifts to the earnings reports of Bharti Airtel and Kalyan Jewellers. • GIFT Nifty traded lower at approximately 24,629.50 in early trade, signaling a potential negative opening for Indian equity markets.

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’Business live – latest updatesDonald Trump has criticised oil companies for “making too much money” from the global energy market disruption caused by his war on Iran.Brent crude had been trading at about $70 (£52) a barrel before the first US-Israeli strikes at the end of February, but by the end of April had soared as high as $126 and is now trading at about $85 a barrel. Continue reading...

• EQT led a $170 million funding round for Dwelly, while $50 million was invested into MSP security, highlighting current trends in European venture capital. • ZuriQ, an ETH Zürich spin-out founded in 2024, secured $27 million in Series B funding on July 28, 2026, led by investor Omar Mir. • ZuriQ is developing advanced quantum processors aimed at overcoming the scaling limitations inherent in conventional trapped-ion architectures.

• The U.S. Commerce Department reported an unexpected slowdown in economic growth for the second quarter, with an advance estimate of a 1.5% annual growth rate. • Senator Joni Ernst (R-Iowa) appeared on "Mornings with Maria" to discuss Dr. Anthony Fauci's testimony and key legislative priorities ahead of the August recess. • Ice Cube, co-founder and CEO of BIG3, appeared on "Making Money" to detail the league's success and the strategic decision to take the company public.

• Hyderabad Police have filed a case naming Meta India head Arun Srinivas following the discovery of manipulated images and videos of Prime Minister Narendra Modi on Facebook and Instagram. • The investigation was triggered by a complainant who submitted 20 specific URLs and requested that authorities preserve electronic evidence and identify the accounts responsible for the morphed content. • This legal action highlights the ongoing struggle to combat AI-generated misinformation and deepfakes targeting high-profile political figures in India.

Disclosure from 2021 investigation marks first time a bank has formally tied money-laundering concerns to Donald TrumpCapital One Financial hit back on Friday against a lawsuit over its ⁠decision to close the Trump ⁠Organization’s bank accounts ​years ago, stating that it did so after a review by anti-money-laundering experts.The disclosure marks the first time a bank has formally tied money-laundering concerns to Donald Trump’s family business. Capital One is seeking to dismiss the case by casting doubt on claims of illegally debanking – or denying services on religious or political grounds – the Trump Organization. Continue reading...

• Moneycontrol Pro Weekender analyzes how macroeconomic trends are influencing Q1 earnings reports, focusing on the shift from broad market trends to company-specific results. • Key global concerns include the West Asia conflict's impact on input prices, the volatility of AI-driven stocks, El Nino's effects, and fluctuating consumption and investment demand. • The report highlights the instability of the South Korean stock market, citing Keynes' warnings about capital development becoming a byproduct of speculative "casino" activities.

• Rohit Sarin of Client Associates has upgraded his market stance, moving mid-caps to "overweight" and small-caps to "neutral." • Sarin suggests a potential 10% market rally is possible, though it remains contingent on the evolution of geopolitical tensions in West Asia. • The outlook is supported by resilient domestic fundamentals, including strong economic activity, steady institutional inflows, and attractive large-cap valuations.

• Leopold Aschenbrenner, a 24-year-old former OpenAI researcher known for predicting the AI investment boom, has experienced a sharp reversal in his hedge fund's fortunes. • Within weeks of its launch, the fund sold its entire publicly traded portfolio to Citadel, leaving it primarily with private holdings. • The remaining portfolio is dominated by a stake of approximately $5 billion in the AI startup Anthropic, alongside other private investments.

Chancellor will have to find money for Burnham’s policies while sticking to fiscal rules as borrowing costs riseAndy Burnham’s government has set a date for a late October budget to “spread money and power” out of Westminster as the new prime minister pushes forward his tax and spending plans.Announcing an autumn budget for 28 October, the chancellor, John Healey, said Labour would stick to its fiscal rules with its agenda to give businesses and households stability for the future. Continue reading...

• South Korea's Kospi index experienced a record 17% surge, driven by a powerful rally in AI-related technology stocks. • Major chipmakers led the growth, with SK Hynix and Samsung Electronics both jumping over 23%, while Taiwan Semiconductor Manufacturing Co. rose 10%. • These three companies served as the primary contributors to the gains seen across the MSCI Asia Pacific equities index.