The US Senate is moving to advance the Clarity Act, which aims to establish a comprehensive regulatory framework for cryptocurrencies. A key procedural vote is expected after the August recess, but the bill faces a 60-vote hurdle and resistance from Democrats seeking stronger safeguards.
Intel shares fell after the company announced the offering, as investors worried about share dilution
Wipro’s exit from the Nifty 50 and BSE’s inclusion highlight the shifting composition of India’s benchmark index. The move comes as IT stocks face concerns over AI disruption and weakening investor interest. Wipro shares are down sharply in 2026, while the combined Nifty 50 weight of India’s top IT companies has fallen.
US officials are working to strengthen domestic manufacturing supply chains as foreign investment rises under President Donald Trump’s tariff and deregulation policies. Officials are seeking to help small and medium-sized suppliers expand capacity, speed up foreign investment reviews and rebuild US industrial capacity amid growing demand from overseas manufacturers.
Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness, lost around $35 billion in weeks after leveraged bets on AI stocks turned sour. Despite the sharp losses, the 25-year-old fund manager is seeking fresh capital from existing backers. The episode highlights the risks of concentrated portfolios, heavy leverage and conviction-driven investing.
Veteran investor Michael Burry said Berkshire Hathaway has lost its investment appeal after Warren Buffett’s succession, arguing that Greg Abel may lack Buffett’s patience for major opportunities. Burry also flagged concerns over Berkshire’s large cash pile, saying its recent moves appear more strategic than investment-focused.
ideaForge Technology shares fell after its Q1 gross profit margin declined to 49% from 62% a year ago and 68% in the previous quarter. Gross profit rose to Rs 33.6 crore and revenue increased to Rs 68.6 crore, while EBITDA turned positive at Rs 4.3 crore.
Lumax Auto Technologies shares surged after Q1 profit jumped 83% YoY to Rs 99 crore, while revenue grew 33% to Rs 1,364 crore. EBITDA rose 51% to Rs 205 crore, with margins expanding 190 bps to 15.1% on operational efficiencies, cost optimisation and a favourable product mix.
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