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Costco Canada Expands Recall to Toaster Ovens, Go-Karts on July 31
Costco Canada recalls Panasonic toaster ovens, Aston Martin go-karts, and Alfa Croissants due to fire, injury, and mould hazards. Full details on affected lot codes and refund options.
Ulta Beauty Rallies 1.7% as PacSun Collab Targets Gen Z After Target Exit
Ulta Beauty partners with PacSun on limited-edition beauty kits and apparel launching July 28. The collaboration targets Gen Z consumers as Ulta exits its Target partnership in August.
FTSE 100 Climbs 0.74% as Amazon (AMZN) Sparks Global Tech Rally; DAX (+1.20%), CAC 40 (+0.95%) Advance
On July 31, 2026, European stock markets finished higher after Amazon’s strong quarterly earnings lifted confidence in global technology stocks. The FTSE 100 rose 0.74%, Germany’s DAX gained 1.20%, and France’s CAC 40 added 0.95%. Investors welcomed fresh evidence that heavy spending on artificial intelligence is beginning to deliver results. That optimism spread across global…
Thermax (NSE: THERMAX) Plunges 16% After Q1 Profit Slumps 83% on ₹91 Crore One-Time Project Cost Overrun
On July 31, 2026, Thermax Ltd. (NSE: THERMAX) shares fell nearly 16% after the company reported a sharp decline in its first-quarter FY27 earnings. Net profit dropped 83% from a year earlier, mainly because of a ₹91 crore one-time project cost overrun in its Industrial Infra business. The weaker earnings, along with cautious comments from…
Universal Music (UMG) Plunges 23% as Subscription Revenue Growth Slows to 6.7%; Vivendi (VIV) Falls 18%
Universal Music Group shares plunged 23% Friday after subscription revenue growth slowed sharply. UMG’s subscription growth decelerated to 6.7%, down from 7.9% in Q1. The stock hit a new 52-week low of €14.88 during Friday’s trading. Trading in UMG’s Amsterdam-listed shares was briefly halted following the plunge. Vivendi, UMG’s largest shareholder, fell as much as…
Microsoft Surges 15% to $451 After Azure Growth Accelerates to 43%
Microsoft stock rallies 15% to $451 after Q4 earnings beat, Azure accelerates to 43% growth, and Copilot seats hit 30 million. The largest single-day market gain in history.
Sony Group Corp. Reports 32% Profit Growth Despite Earthquake Disruptions
On July 31, 2026, Sony Group Corp. reported a 32% increase in quarterly profit, even after a powerful earthquake in Japan disrupted some of its operations earlier in the week. Strong results from its PlayStation, music, and imaging businesses helped offset temporary issues at several semiconductor facilities. The better-than-expected earnings also led Sony to raise…
HSBC to Sell $36 Billion in Mortgages as Australian Banking Operations Wind Down
On July 31, 2026, HSBC announced it will sell its A$36 billion (US$25 billion) Australian mortgages portfolio to Blackstone as it moves ahead with its plan to leave Australia’s retail banking market. The transaction is one of the country’s biggest banking deals in recent years and follows HSBC’s effort to simplify its global business. Existing…
Adani Enterprises Q1 Loss Reaches ₹1,160 Crore After Settlement Payout
On July 31, 2026, Adani Enterprises reported a ₹1,160 crore net loss for the first quarter of FY27. While the headline number looks disappointing, it was largely driven by a one-time ₹2,644 crore settlement payout. At the same time, the company’s core businesses continued to expand, with revenue rising sharply across several segments. That leaves…