Markets and policy set the tone in today’s business news, with President Trump using the White House to ring the opening bells of both the NYSE and Nasdaq for the launch of “Trump Accounts,” a new government-backed investment program that gives eligible newborns a $1,000 market s...
Markets and policy set the tone in today’s business news, with President Trump using the White House to ring the opening bells of both the NYSE and Nasdaq for the launch of “Trump Accounts,” a new government-backed investment program that gives eligible newborns a $1,000 market stake. In India, Cooperative Minister Amit Shah unveiled another state-linked expansion of finance, announcing plans for a cooperative life insurer and a major rollout of the Bharat Taxi platform to 500 cities. Elsewhere, geopolitics and defense spending remained tightly linked: the UK imposed new sanctions on Russian scientists and labs tied to Novichok and other toxins, while Lockheed Martin agreed to buy naval warfare specialist Ultra Maritime for about $3.45 billion, deepening its undersea defense capabilities. In tech, Microsoft struck a harsher note, announcing 4,800 layoffs, including deep cuts at Xbox, as it reshapes the business around weaker margins and industry strain.
Top Business stories
- Trump rings NYSE and Nasdaq bells from White House for launch of ‘Trump Accounts’ (14 sources)
- Amit Shah announces cooperative life insurance company; Bharat Taxi to expand to 500 cities (8 sources)
- Lockheed Martin agrees to buy Ultra Maritime for about $3.45 billion (7 sources)
- UK sanctions Russian scientists and labs tied to Novichok, Epibatidine toxins (7 sources)
- Oil prices fall after OPEC+ agrees to raise August output targets (4 sources)
- Microsoft announces 4,800 layoffs, including 3,200 at Xbox, alongside studio shake-ups (4 sources)
- Indonesia and Singapore reaffirm free passage in Strait of Malacca (4 sources)
- Saudi Arabia cuts August oil prices for Asia by about $11 in biggest discount in decades (4 sources)
Drew Drafton
Author at IfHighLow
