Kevin Smith
Journalist
Global food prices: mixed monthly gain in the FAO index
The FAO Food Price Index averaged 131.1 points in July 2026, up 0.7 point (0.6%) from the previous month. Increases in the cereals, sugar and vegetable oil price indices were partly offset by declines for meat and dairy products. The overall food price index rose 1.3 points (1%) from its level a year earlier, but remained 29.1 points (18.2%) below its record high reached in March 2022.
August 07, 2026 at 05:37 pm IST
Negotiations Advance on Sale of 114 Rafale Jets to India
The file covering 114 Rafale jets intended for India has cleared another key milestone, with a French offer now in New Delhi's hands. The main issues are now price, contractual terms, the manufacture of more than 90 aircraft in India and, above all, the ability to integrate Indian weapons in the future.
August 07, 2026 at 02:46 pm IST
Munich Re: Sell Off After Lackluster Interim Results
Munich Re shares are down 2.4% at EUR510 in Frankfurt after publishing H1 results that confirmed its preliminary figures from two weeks ago, including net profit of EUR2,211m for Q2 2026 versus EUR2,085m a year earlier, while announcing a mixed outlook.
August 07, 2026 at 02:45 pm IST
Airbnb jumps 10%, lifted by strong bookings
Airbnb surged 10% in electronic trading yesterday after it posted quarterly results that topped expectations, underscoring resilient travel demand, despite an environment still shaped by geopolitical tensions and higher travel costs.
August 07, 2026 at 02:27 pm IST
Microchip Technology beats expectations on data centers and industrial demand
Microchip Technology delivered a Q2 outlook that exceeded Wall Street expectations, supported by demand for semiconductors used in AI-related data centers. The company is also benefiting from a recovery in its industrial and automotive markets, while aerospace and defense spending remains solid amid geopolitical tensions.
August 07, 2026 at 02:26 pm IST
EasyJet: an acquisition under tight regulatory constraints
By winning the battle against Castlelake with an offer of GBP 7.15 per share, Apollo is paying only about a 6% premium for easyJet. That restraint is partly explained by the European regulatory constraints surrounding airline ownership, which weigh on the transaction's structure and valuation.
August 07, 2026 at 11:56 am IST
Instacart forecasts stronger-than-expected Q3 on sustained demand
Instacart raised its Q3 outlook, projecting gross transaction value (GTV) and adjusted operating profit above Wall Street expectations. The company is benefiting from steady demand for online grocery delivery as consumers seek competitively priced shopping and fast delivery services amid ongoing pressure on their purchasing power. The stock is up more than 10% in extended trading.
August 07, 2026 at 11:56 am IST
Honeywell Aerospace plunges after a big 2026 profit warning
Honeywell Aerospace was down nearly 20% on Thursday after sharply cutting its annual targets, a particularly harsh punishment for its first earnings release since being spun off from Honeywell Technologies in late June.
August 07, 2026 at 01:39 am IST
Costco: US consumer spending cools after a very strong spring
Costco continues to send a fairly reassuring signal on US consumer spending, even as momentum gradually loses intensity. In July, comparable sales in the United States rose 10.3% on a reported basis for the four weeks ended August 2.
August 07, 2026 at 01:39 am IST
Mike Joo leaves Bank of America after 20 years with them
Bank of America is losing one of its top executives with the departure of Mike Joo, global co-head of investment banking, who is joining another company. The move comes as the bank continues an aggressive recruiting push to strengthen its advisory teams, amid heavy activity in the mergers and acquisitions market.
August 07, 2026 at 01:38 am IST
EBay slips despite a solid quarterly report
eBay is up 0.7% at around $112 in early trading on Wall Street, a day after reporting quarterly results that topped expectations on both earnings and revenue, which Wedbush applauded, saying the group's fundamentals remain solid.
August 06, 2026 at 11:00 pm IST
Alphabet Preps Bond Deal of Up to $25bn to Fund AI
Alphabet plans to raise between $20bn and $25bn in the US bond market to support its massive investments in artificial intelligence. The deal comes as the group's spending surge weighs on its cash flow and fuels investor questions.
August 06, 2026 at 11:00 pm IST
AppLovin: Profits Surge… but Analysts Expected Better
The ad tech specialist posted Q2 2026 results marked by a sharp acceleration in profitability. But this was enough to impress investors who were looking for more and are hitting the stock hard: shares are down 20% on Wall Street.
August 06, 2026 at 10:09 pm IST
Defense: after the stampede into the sector, it's time to make choices
The kidnapping of Nicolas Maduro, the assassination of Ali Khamenei, blazes across the Near and Middle East, a blockage of the Strait of Hormuz, the Houthi threat, not to mention the Ukraine conflict, now longer than World War I, or Washington's expansionist aims over Greenland or Beijing's over Taiwan… As the geopolitical order unravels, the defense sector is in the spotlight. But after investors rushed in, it's now time for selection.
August 06, 2026 at 05:55 pm IST
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