Savings Effect

US stocks leap toward record as profits keep piling up, oil prices ease -US stock market rallies, S&P 500 nears record high. -Corporate profits and easing oil prices fuel rally. -Palantir, Caterpillar, McDonald's beat profit forecasts.

Hyundai sees demand normalisation in FY27, flags West Asia tensions and fuel prices as risks for auto industry - Hyundai expects demand normalisation in the auto industry in FY27. - Geopolitical tensions, fuel prices impact FY27 outlook. - Hyundai's domestic sales fell in FY26, while exports rose.

Paytm Block Deals: Elevation Capital-backed entities sell 2.3% stake to 19 investors including Morgan Stanley, Goldman Sachs, Manulife - Elevation Capital and its entities sell 2.3% stake in One 97 Communications - Total 19 investors including Morgan Stanley, Goldman Sachs, Manulife were buyers - The 2.3% stake exchanged at a price of Rs 1,367.8 per share

AI can lift developing economies in a decade, but only if they build the basics now: World Bank Developing countries have a narrow window to use artificial intelligence to boost productivity and public services, even as only 4.5% of jobs face automation risks compared with 14.2% in advanced economies

US job openings edged down in June, layoffs remained limited - US job openings eased in June. - Hiring picked up slightly. - Labor market shows steady demand.

Life insurers top FY26 complaint chart; claim-related issues account for over 41% of grievances - Life insurers had most complaints in FY2025-26. - General insurers had most pending complaints in Q1 FY2026-27. - Claim-related issues were top complaint category in FY2025-26.

Wall Street hits record highs after Bessent says deal to reopen Hormuz is near

Aramco wants to lift oil export capacity after war snarls flows Aramco said the oil market upheaval caused by the conflict is likely to spur the development of extra storage capacity around the world.

NORTH KOREA'S KIM YO JONG SAYS PYONGYANG WILL ADOPT NEW MILITARY MEASURES AGAINST JAPAN'S THREAT, CRITICIZING JAPAN OVER ITS RECENT TOMAHAWK MISSILE TEST-FIRING - KCNA

NO TALKS ARE TAKING PLACE BETWEEN THE SAUDIS AND THE HOUTHIS VIA MEDIATORS - AL ARABIYA CITING A SAUDI OFFICIAL

TRUMP SAYS THE U.S. WILL EXPAND MUNITIONS PRODUCTION AND ISSUE MORE MUNITIONS TO EUROPE AND OTHER ALLIES, TELLING FOX DIGITAL THAT THE U.S. HAS FAR MORE MUNITIONS THAN IT NEEDS

NASDAQ COMPOSITE UNOFFICIALLY ENDS SESSION HIGHER BY 674.31 POINTS, OR 2.60 PERCENT, FINISHING AT 26,588.21 S&P 500 INDEX UNOFFICIALLY ENDS SESSION HIGHER BY 144.52 POINTS, OR 1.90 PERCENT, FINISHING AT 7,745.02 DOW JONES INDUSTRIAL AVERAGE UNOFFICIALLY ENDS SESSION HIGHER BY 952.43 POINTS, OR 1.79 PERCENT, FINISHING AT 54,130.84

BRENT CRUDE FUTURES SETTLE AT $79.36/BBL, DOWN $4.41, OR 5.26%

THE SOURCE SAYS THERE IS STILL CONCERN THAT THE OBSTRUCTIONIST ACTIONS OF THE U.S. OR SOME REGIONAL PARTIES MAY PROLONG OR DISRUPT THE NEGOTIATION PROCESS - FARS NEWS