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Cathay Pacific Airways reported a net profit of 6.24 billion Hong Kong dollars for the first half of 2026. This figure showed a 71% jump from a year earlier. Strong passenger and cargo traffic helped the airline grow, even as it used more money to cover significantly higher fuel prices today.
The U.S. stock market rallied to the edge of its all-time high on Monday as easing oil prices calmed Wall Street. The S&P 500 jumped 1.5% while the Dow Jones Industrial Average climbed 693 points. Stocks got a lift as Brent crude sank 4.7% to $83.77, helping many companies.
Bitcoin reached $64,176 on Tuesday as markets reacted to news that the Strait of Hormuz could reopen Wednesday. US Treasury Secretary Scott Bessent said, “there was a chance we may have a deal today or tomorrow.” Meanwhile, the S&P 500 hit a record high, and oil prices fell significantly.
US stocks are rushing toward records on Tuesday as company profits pile up and oil prices ease. The Dow Jones Industrial Average added 1,009 points, while the S&P 500 shot up 1.9%. Wall Street is nearing its latest apex because stock prices often follow the path of strong corporate earnings.
A key options trade popular in India showed an unusual pattern on Tuesday. This shift happened as market players used a new mechanism for determining closing prices on the day equity derivatives expire. Traders got a potential opportunity as many watched how this change affected the broader market volatility levels today.
OFB Tech Pvt is considering reviving plans for an initial public offering that could raise as much as $800 million. The SoftBank Group Corp.-backed company, which runs the OfBusiness platform, started working with Axis to explore this move. This step shows how many Indian startups now look to public markets.
Heineken NV volumes grew 0.9% on an organic basis in the second quarter. The Dutch brewer said strong demand in Asia and Africa helped them, even as sales fell in Europe and the Americas. This growth showed how many global markets still use their products despite tough times in other regions.
Diageo’s new CEO Dave Lewis will share his turnaround plans this Thursday after months of reviewing global operations. The spirits giant saw its share price fall significantly since 2022. Lewis, known for cutting costs, recently sold the Royal Challengers Bengaluru cricket team as he works to fix the company’s performance.
Stocks rallied on Tuesday as the Nasdaq surged 3.3% and the S&P 500 gained 1.8% on renewed AI strength. Meanwhile, crude prices fell below USD 80 per barrel after reports showed progress on a potential US-Iran deal. Strong earnings from Palantir and Caterpillar helped boost market sentiment across many sectors.
Sunrun priced a $267 million securitization of residential solar assets on August 04, 2026. This deal involves refinancing a portfolio of 37,595 systems. CFO Danny Abajian said, “We appreciate our financial partners’ continued confidence in our high quality assets and servicing standards.” The transaction should close by late August.
China’s artificial intelligence hardware stocks slumped on Wednesday after news that the Trump administration is drafting a ban on U.S. imports of Chinese data centre components. Zhongji Innolight shares fell roughly 8% in Shanghai and Hong Kong. Many investors got worried as the company generated 62% of its revenue from America.
US stocks jumped Tuesday morning, putting the S&P 500 on track for its first record high since June. The index rose 0.5% shortly after the opening bell. Investors got back into the market as they monitored corporate earnings and moved into sectors like healthcare and finance to push stocks higher.