921 stories · Page 17 of 93
On 8 Aug 2026 a cluster of mid-sized Indian firms filed Q1 FY27 results that, taken together, mark a sharp YoY profit rebound for traditional manufacturers while Ola Electric’s losses, though shrinking, highlight ongoing strain in the country’s EV up-cycle.
On 6 Aug 2026, President Trump invoked Section 232 to slap a 15 % tariff and mandatory minimum import prices—$21/kg polysilicon, $100/kg ingots & wafers, $0.22/W cells, $0.38/W modules—effective 4 Dec 2026, to reduce Chinese dominance and force on-shore production.
On 7 Aug 2026 a Santa Fe state judge found Facebook and Instagram a public nuisance, tacking a $567 million abatement order and a five-year youth-safety decree onto Meta’s earlier $375 million loss in the same case.
A surprise 23,000 payroll decline and big downward revisions drove futures traders to cut the implied probability of a 16-17 September FOMC rate increase from 57 % to roughly 44 %.
On 6 Aug 2026 vessel traffic through the Strait of Hormuz fell from 8 ships to just 2, and Bab el-Mandeb from 20 to 1, the day after Yemen’s Houthis claimed a missile hit on the Saudi tanker NCC Wafa, abruptly reversing the cautious optimism sparked by 5 Aug U.S.–Iran-Oman negotiations to reopen Hormuz.
On 5 Aug 2026 Beijing required case-by-case licences for all drone-related dual-use exports to the U.S. and simultaneously barred seven American organisations from doing business in China, a calibrated retaliation to fresh U.S. robot bans and new forced-labour blacklists.
On 5 Aug 2026 Electronic Arts closed a $55 billion, debt-heavy buyout that delists the 36-year-old public company and hands a 93 % controlling stake to Saudi Arabia’s Public Investment Fund alongside Silver Lake and Jared Kushner’s Affinity Partners.
On 30 July 2026 a rare joint intervention—U.S. Treasury selling €5-10 bn for yen alongside the Bank of Japan—slashed USD/JPY nearly six yen in three trading days to 157.5, its sharpest drop in 28 years.
On 5 Aug 2026 Electronic Arts exited the NASDAQ after a Saudi Public Investment Fund–led group completed a $55 billion leveraged buyout, loading EA with $20 billion in new debt.
The Iran conflict and partial closure of the Strait of Hormuz have simultaneously doubled BP’s quarterly profit, widened Pakistan’s July trade gap by 25%, and sent U.S. equities to fresh highs on hopes—then doubts—of a reopening.
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