Wall Street Update: Markets React to Tariff Uncertainty
Wall Street experienced slight gains on Wednesday as investors analyzed a plethora of corporate earnings to assess how businesses are navigating President Donald Trump's tariffs. The Nasdaq rose by 60 points or 0.29%, reaching 20,977. The S&P 500 followed suit with a modest increase of 11 points, up by 0.18% to 6310. On the other hand, the DJIA dipped by 12 points or 0.03% to settle at 44,099 by 7:25 PM IST.
There was a glimmer of hope after Trump mentioned that Washington was "very close to a deal" to extend the tariff truce with China. However, markets remained cautious as a new round of duties on numerous economies was scheduled to take effect from Thursday. Oil prices also climbed following Trump's threat to impose higher tariffs on India due to its continued purchase of Russian crude oil.
On the earnings front, McDonald's and Shopify witnessed their shares rise after posting strong profit numbers. Conversely, Super Micro Computer saw a sharp decline as its earnings and revenue fell below analysts' expectations. Disney also experienced a drop in early trading despite surpassing profit forecasts, disappointing investors with lower-than-expected revenue.
The trading session continued the recent trend of calmer market movements, following a period of significant fluctuations.
Earlier on Tuesday, stocks closed slightly lower after a discouraging report on business activity in US service sectors, including transportation and retail, raised concerns about the potential impact of President Trump's tariffs on the economy.
Stay informed with the latest business news, updates on bank holidays, and public holidays.
Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money â anywhere from Rs 12.5 lakh to Rs 19 lakh â and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.
Can Vijay be the Next MGR in Tamil Nadu Elections?
A huge poster of actor Vijay stares down from the wall. A digital signboard flashes: 285 days, 3 hours, 43 minutes and 46 seconds, a countdown to the 2026 assembly election in Tamil Nadu. Scores of people sit glued to screens, fingers flying over keyboards, some others are on mobile phones trying to reach voters in remote hamlets. The Tamizhaga Vettri Kazhagam (TVK) war room in Chennai is fully activated.
Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan
KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a
Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic
HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money â anywhere from Rs 12.5 lakh to Rs 19 lakh â and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.
Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives
DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.
Can Vijay be the Next MGR in Tamil Nadu Elections?
A huge poster of actor Vijay stares down from the wall. A digital signboard flashes: 285 days, 3 hours, 43 minutes and 46 seconds, a countdown to the 2026 assembly election in Tamil Nadu. Scores of people sit glued to screens, fingers flying over keyboards, some others are on mobile phones trying to reach voters in remote hamlets. The Tamizhaga Vettri Kazhagam (TVK) war room in Chennai is fully activated.
Trending News
Stock Market Today: Impact of US Tariffs on Indian Markets
Thursday's trading will be influenced by the US President's implementation of additional 25% tariffs. (AI image)
Stock market today: Indian stock markets opened in the red on Thursday after US President Donald Trump announced a sharp hike in tariffs on Indian goods, doubling them to 50%, weighing on overall market sentiment. As of 11:42 AM, the Nifty50 was down 138.05 points (0.56%) at 24,436.15. The BSE Sensex also fell by 409.02 points (0.51%) to 80,134.97. Earlier in the day at 9:1
Top Stocks Recommendations for August 7, 2025
Top stocks to buy today (AI image)
Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Asian Paints, Cummins India, and Eicher Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 7, 2025:Index View: NiftyNifty has been trading within a 2% range for the past 8 trading days as the index has given a breakdown from a bearish head and shoulders p
Airbus Appoints Jürgen Westermeier as President and MD for India and South Asia
NEW DELHI: Airbus has appointed Jürgen Westermeier (53) as the president and MD for India and South Asia, effective Sept 1, 2025. Jürgen, currently EVP & chief procurement officer at Airbus, will succeed Rémi Maillard who will become EVP engineering for commercial aircraft and head of technology at Airbus.
Alaan Raises $48 Million in Series A Round Led by Peak XV Partners
BENGALURU: UAE-based spend management platform Alaan has raised $48 million in a Series A round led by Peak XV Partners, marking one of the largest early-stage funding deals in the Middle East's fintech sector. The round saw participation from 885 Capital founders Sudeep Ramnani and Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund. The funding, which was oversubscribed, included both primary and secondary components. It also drew backing from several prominent regional and global operators, including Tabby founder Hosam Arab, Careem founder Mudassir Sheikha, Pleo founder Jeppe Rindom, Astra Tech founder Abdallah Abu-Sheikh, and Talabat CPO Yi Wei Ang.
Indian Startups Creating Jobs: Finance Ministry Report
Finance Ministry
NEW DELHI: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the finance ministry said in its latest review of the Indian economy.
In the report titled, 'The Indian Economy: A Review January 2024', the Department of Economic Affairs said that the 1.14 lakh startups recognised by the government under the 'Startup India initiative' created more than 12 lakh jobs (as of October 2023).
The state-owned e-commerce platform Open Network for
Turning Carbon Dioxide into Something Beautiful
For most perfume makers, the key feature is the ingredients that make it smell great. However, for Stafford Sheehan, a cofounder and chemist at Air Company, the most crucial aspect of perfume-making is its lack of scent.Based in New York, Air Company utilizes technology to convert planet-warming carbon dioxide into ethanol. This ethanol is then combined with essential oils and water to create perfume. The pale yellow Air Eau de Parfum, although about 50% more expensive than Coco Chanel's signatu
Use Crisis to Unleash Reforms: Anand Mahindra
MUMBAI: Industrialist Anand Mahindra has said that US tariffs will have the unintended consequences of creating new growth drivers, and India should use the opportunity to unleash reforms like in 1991 and promote tourism as a forex engine. In an elaborate post on X following the tariff announcements, the Mahindra & Mahindra chairman outlined his two proposals - creating a genuine single-window clearance system for all investments, starting with willing states aligning to a national platform to d
Indian E-commerce Firm Udaan Raises $340 Million Ahead of Planned IPO
Indian e-commerce firm Udaan raised $340 million to strengthen its supply chain and boost vendor partnerships ahead of a stock market debut planned for 2025.
The Series E round was done via a combination of fresh equity and conversion of debt, the Bangalore-based company said in a statement Thursday. The round was led by M&G Plc and existing investors including Lightspeed Venture Partners and DST Global participated.
The round "fully funds our business plan," Vaibhav Gupta, Udaan