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Why Mutual Fund SIPs Are the Smartest Way for NRIs to Build a Wealth Corpus in India
Most people want to build wealth but struggle with where to begin and this challenge is often magnified for NRIs juggling different time zones, currencies, and unfamiliarity with India’s evolving market landscape. A Systematic Investment Plan (SIP) in mutual funds removes that friction. You invest a fixed amount every month, stay invested across market cycles,…
OpenAI’s Codex Gains Sub-Agents and Persistent Workflows That Continue Running in Remote Environments
Software engineering moves fast. Developers spend a lot of time trying to manage large codebases without getting bogged down in repetitive maintenance. Writing code takes effort, but managing background tests, running security reviews, and applying changes across multiple files takes even longer. OpenAI updated its coding tool to address these specific friction points. The update…
Alibaba to Ban Claude Code in Workplace Over Alleged Backdoor Security Risks, Report Says
Alibaba will ban employees from using Anthropic’s Claude Code starting July 10, 2026. Reuters reported the move Thursday, citing a source familiar with the decision. The ban stems from alleged security risks involving embedded backdoors in the coding tool. Chinese financial outlet Yicai first reported the story earlier this week. Alibaba shares fell 0.7% on…
Zuckerberg Says Meta’s AI Agent Development Is Progressing Slower Than Expected Despite Massive Spending
On July 2, 2026, Meta CEO Mark Zuckerberg said the company’s AI agent development is moving more slowly than expected, despite spending billions of dollars on infrastructure, hiring, and research. The comments caught many by surprise because Meta has been investing heavily in artificial intelligence to keep pace with its biggest competitors. The update raises…
Bitcoin (BTCUSD) Up +0.25% to $61,636.06: Changpeng Zhao Sparks Buzz With $1 Million Forecast
Bitcoin (BTCUSD) traded around $61,636.06, up 0.25%, on July 3, 2026, as investors balanced improving market sentiment with continued market volatility. The world’s largest cryptocurrency also returned to the spotlight after former Binance CEO Changpeng Zhao repeated his long-term view that Bitcoin could eventually reach $1 million. While that target remains a long way off,…
Why Is Union Bank Share Price Down 5% Today? Key Takeaways From Its Q1 Business Update
On July 3, 2026, Union Bank of India shares dropped about 5% after the public sector lender released its Q1 FY27 business update. The fall came despite healthy year-on-year growth in loans and overall business. Investors were more concerned about weaker quarter-on-quarter trends in global business and deposits, which raised questions about short-term growth. Below…
Nikkei 225 Rises 1.21% to 69,564.78 but Tech Valuation Fears Keep Japan Stocks on Track for Weekly Loss
On July 3, 2026, Japan’s Nikkei 225 gained 1.21% to close at 69,564.78, bouncing back after several sessions of weakness. Buying returned to technology and semiconductor stocks, helping the index recover some of its recent losses. Even so, concerns about stretched valuations after months of AI-driven gains continued to weigh on sentiment. Because of that,…
Goldman’s Garrett Warns Investors Are Reducing Exposure to Mag 7 Stocks
Brian Garrett, head of equity execution on Goldman Sachs’s Cross Asset Sales desk, has been flagging the same signal for months, and the data behind it is now impossible to ignore. Goldman’s prime brokerage desk shows clients unwinding gross positions into all-time highs, with the largest weekly gross unwinding in seven months. Simultaneously, Goldman’s analysis…
German Ruling Coalition Unveils Major Tax, Labour and Pension Reforms
On July 2, 2026, Germany’s ruling coalition unveiled a wide-ranging package of tax, labour, and pension reforms designed to strengthen Europe’s largest economy. The proposals come at a time when the country is dealing with weak economic growth, rising costs for businesses, an aging population, and persistent labour shortages. The government believes the changes will…