North America:

  • Nvidia CEO praised Chinese AI models and announced new chip developments, resuming compliant H20 GPU sales in China amidst US-China trade negotiations.
  • Apple strategically invested in MP Materials to secure rare earths supply and regained its top position in China's smartphone market.
  • Goldman Sachs reported a 22% increase in second-quarter profits, with earnings of $10.91 per share, driven by market volatility and trading revenue.
  • Citigroup reported significant profit increases due to market volatility and trading revenue, despite economic uncertainties.
  • JPMorgan Chase experienced a decline in second-quarter profits due to a tough comparison with the previous year's one-time accounting gain.
  • Tesla is launching a new six-seater Model Y L variant in China and expanding its robotaxi service amid internal challenges.
  • Boeing involved in a U.S.-Indonesia trade deal and faces scrutiny in India over fuel switch inspections following an Air India crash.
  • BlackRock received SEBI approval to launch passive index funds in India, coinciding with a rise in second-quarter profits.
  • Thinking Machines Lab secured $2 billion in funding at a $12 billion valuation, with significant investment from Andreessen Horowitz.
  • Embraer CEO warns U.S. tariffs on Brazil could impact revenue similarly to COVID-19 effects.

Europe:

  • ASML Holding NV warned of potential growth challenges in 2026 due to tariff uncertainties, despite strong Q2 revenue.
  • Renault shares dropped significantly after reducing 2025 financial targets and appointing Duncan Minto as interim CEO.
  • Barclays fined over 181 million pounds for lapses in money-laundering and financial crime risk management.
  • Diageo CEO Debra Crew stepped down, with CFO Nik Jhangiani taking over as interim CEO amid falling sales and tariff uncertainties.
  • Sandvik reported a larger-than-expected drop in Q2 2025 profit, despite strong order intake.
  • Handelsbanken Q2 2025 results showed a decline in net profit, falling short of expectations.

Rest of the world:

  • State Bank of India approved a plan to raise 200 billion rupees through bond issuance and a 250 billion rupees QIP.
  • ITC Hotels reported a 54% increase in first-quarter profit, driven by strong room sales.
  • Rio Tinto reported a 15% increase in copper and a 5% increase in iron ore production, despite facing $300 million in tariff costs.
  • Indonesia finalized a trade deal with the U.S. involving Boeing jet purchases.
  • India's stock market opened flat as gains from HDFC Bank offset broader market losses.