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Aschenbrenner’s $24B AI Fund Implodes After Leverage Backfires on July 31
Situational Awareness hedge fund, founded by ex-OpenAI researcher Leopold Aschenbrenner, liquidated its $16 billion public portfolio after leverage amplified losses on AI stock bets. Citadel acquired the assets in under 24 hours.
WestJet Grounds 737s as Strike Deadline Hits Sunday Midnight
WestJet flight attendants’ 72-hour strike notice expires Sunday. Airline parks 737s and allows free rebooking through August 4 as contract talks continue over unpaid work.
Leopold Aschenbrenner’s $45B AI Fund Collapses 67% in July
Leopold Aschenbrenner’s $45 billion AI hedge fund Situational Awareness crashed 67% in July after overleveraged bets on chip stocks backfired. Citadel bought the portfolio at a discount.
Bitcoin (BTC) Holds Above $64K as Fed Rate Uncertainty and Iran Tensions Keep Crypto Markets on Edge
Bitcoin traded at $64,315.59 on July 31, 2026, holding above the $64,000 level despite mixed macro signals. The coin gained 0.63% over the past 24 hours on trading volume of $11.65 billion. Bitcoin’s market capitalization stood near $1.33 trillion, still well below its all-time high. The Federal Reserve’s rate hold and escalating US-Iran tensions kept…
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…
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…
Bellamy Backs Munster’s PNG Move as Storm Coach Battles Health Crisis
Craig Bellamy supports Cameron Munster exploring PNG Chiefs move while battling health issues. Munster delays talks until November 1 free agency date.
Swiggy (NSE: SWIGGY) Falls Over 5% After Q1 Results Despite 37.3% Revenue Growth to ₹6,812 Crore & Narrower ₹791 Crore Loss
Swiggy shares fell as much as 5.31% on Friday, July 31, 2026, hitting an intraday low of ₹280.20. The decline came despite strong Q1 FY27 results announced Thursday, July 30. Revenue from operations jumped 37.31% year-on-year to ₹6,812 crore. Consolidated net loss narrowed 33.92% to ₹791 crore, from ₹1,197 crore a year earlier. Shares later…
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…