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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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Financial stocks are crushing it. These charts show why the breakout rally may have just begun. The breakout to record highs by bank stocks, plus their strong earnings and favorable valuations, suggest more good times ahead for the financial sector.
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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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EPFO: Want to check your employees provident fund balance, download passbook? Here's how using portal, Umang app, SMS Want to check your employees provident fund (EPF) balance, contributions, interest earned or download your passbook? Here's how you can do so using the official EPFO portal, Umang app, SMS, missed call or helpline.
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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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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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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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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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Novo Nordisk shares in hot water after disappointing trial Novo Nordisk's Ziltivekimab missed the main goal of its ZEUS heart trial, and the stock fell. Here is what the failure means and what comes next.
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Chancellor says the government wants to prevent shoppers being taken for a ride at the pump or tillThe chancellor, John Healey, has said the government is standing by to prevent the public from being taken for a ride at ...
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Coinkite Under Fire for Retaining Customer Emails After $88M Coldcard Hack The company, which is facing issues with its Coldcard wallet, sent security notices to customers to warn them about the high risk of losing their bitcoin. Nonetheless, Rodolfo Novak, co-founder and CEO of Coinkite, had a...
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Discover how Constant Contact's new initiative, "Great Needs Great," harnesses the power of AI to transform small business marketing. Learn about innovative tools and strategies designed to elevate your marke...
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Amazon's $124+ Chinese luxury watches have authentic Swiss heritage Chinese luxury watches from Amazon cost a fraction of their European competitors, and they even have real Swiss watchmaking heritage.
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