August 4, 2026

Business News

Business News news, latest updates, breaking stories, and in-depth coverage. Stay informed with real-time developments and insights.

Stock Market Turmoil: Dow Closes in Correction and Oil Prices Soar

** Global markets experienced a sharp decline last week, with the Dow Jones Industrial Average closing in a correction territory and the S&P 500 logging its longest weekly losing streak in four years. Oil prices soared to a record high as concerns about a potential war with Iran and its impact on the global economy weighed heavily on the market.

India Supplies 38,000 Metric Tonnes of Fuel to Support Sri Lanka Amidst Global Energy Crisis

In response to Sri Lanka's energy crisis, India has dispatched 38,000 metric tonnes of fuel to the island nation as part of strengthened energy cooperation between the two countries. The shipment aims to alleviate power outages and transportation woes, and reflects India's commitment to supporting its neighbors and addressing the global energy crisis.

Donald Trump’s Impact on Oil Markets Continues to Waver in Turmoil

US President Donald Trump's influence on the global oil market appears to be on the decline, with traders reacting less to his comments on conflicts and market trends. A decrease in sensitivity to Trump's words has been observed in recent oil price fluctuations, prompting analysts to suggest that the market is becoming less dependent on his statements to navigate global uncertainties.

Bond Market Braces for Worst-Case Scenario Amid Rising Tensions and Inflation Fears

The bond market is preparing for a worst-case scenario as rising tensions in the Middle East and inflation fears escalate, with investors seeking guidance on how to navigate the complex and rapidly changing landscape, according to Bob Michele, global head of fixed income at JPMorgan Asset Management.

Trump’s Signature to Appear on US Currency for the First Time in History

In a historic move, the Treasury Department announced that President Donald Trump's signature will be featured on all new US paper currency, a first for a sitting president, and a significant moment in the president's term, as his name and likeness become increasingly prominent on government entities.

GSK’s Bepirovirsen Gets Green Light for EMA Review, Paving Way for Potential Approval in Europe

GSK's bepirovirsen, a potential treatment for chronic hepatitis B, has been accepted for review by the European Medicines Agency (EMA), marking a significant step towards potential approval in Europe and bringing hope to millions of people affected by the disease worldwide.

US Markets Plummet to Lowest Point Since US-Israel War with Iran Began, Dow Sinks 450 Points

The US stock market plummeted to its lowest point since the US-Israel war with Iran began, with the Dow Jones Industrial Average closing 450 points down and the Nasdaq Composite Index entering correction territory, as investors remain cautious about the conflict's potential to disrupt global trade and economic stability.

Meta and Google Ordered to Pay $6 Million in Landmark Social Media Addiction Lawsuit

A landmark lawsuit has resulted in Meta and Google being ordered to pay $6 million in damages to a woman who claimed their social media platforms were designed to be addictive, prioritizing user engagement over well-being and leading to significant mental health issues.

Meta and YouTube Held Liable in Pioneering Social Media Addiction Lawsuit, Paving Way for Further Litigation

A court has ruled Meta and YouTube liable in a pioneering social media addiction lawsuit, resulting in a $3 million award to the plaintiff, with significant implications for the tech industry and ongoing debates on social media regulation.