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LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
HSBC (LSE: HSBA) Announces $1B Share Buyback After Q2 Pretax Profit Beats Estimates at $10.1B
HSBC (LSE: HSBA) reported better-than-expected second-quarter results on August 4, 2026, giving investors fresh reasons to watch the stock. The bank posted $10.1 billion in pretax profit, ahead of market estimates, and announced a new $1 billion share buyback alongside its interim dividend. The quarter reflected steady business performance despite an uncertain global economy. So,…
Blanche Kills $1.8B Trump Fund to Win GOP Senate Votes for AG Role
Todd Blanche rescinded Trump’s $1.8B anti-weaponization fund to win backing from GOP senators John Cornyn and Thom Tillis for his attorney general confirmation vote on Tuesday.
BAE’s Brontanax Drone to Use US Engine After Rolls-Royce Dispute
BAE Systems’ Brontanax drone will use an American engine after a cost clash with Rolls-Royce. The decision undermines the ‘all-British’ fighter jet pitch but keeps the project affordable.
DHS Chief Mullin Faces MAGA Backlash Over Immigration Reform Comments on August 3
DHS Secretary Markwayne Mullin faces conservative backlash after advocating immigration reform and employment visa changes at the National Governors Association meeting in Oklahoma City.
Senate Passes Short-Term Spending Bill Through December 11, Blocks Trump Grant Rule
Senate passes short-term spending bill extending government funding through December 11. The measure blocks Trump’s grant rule and rejects $1 billion battleship request.
Microsoft Surges 7.3% After $450B Single-Day Record on Azure Boom
Microsoft stock jumped 7.3% to $484.03 on July 30 after reporting strong cloud earnings. Azure revenue grew 43%, exceeding forecasts, and future commitments hit $678 billion.
Two Men Arrested After Fake Gun Incident at Moore Park Entertainment Quarter
NSW Police arrested two men at Moore Park’s Entertainment Quarter after reports of a fake gun. Officers seized a replica firearm, vest, and badge. No injuries reported.
CuspAI Hits $2.6 Billion Valuation After Jeff Bezos, Nvidia, and Meta Back AI Materials Startup
Cambridge-based AI startup CuspAI secured $450 million in a Series B funding round on July 20, 2026. The funding pushed its valuation to $2.6 billion, backed by Jeff Bezos, Nvidia, and Meta. CuspAI uses artificial intelligence to discover new materials for chipmaking, clean energy, and manufacturing. The round marks a fivefold jump from its $520…