Nasdaq-100 gains driven by just 10 stocks
Almost all of the Nasdaq-100's first-half 2026 gains came from only 10 stocks, signaling extreme market concentration. Meanwhile, CSM Tech shares debuted flat on Indian exchanges, while analysts flagged Eternal, Hexaware Technologies, and RITES as top stock picks.
AI and energy transformation have significantly boosted industrial profits, especially in China where industrial earnings improved markedly. Forbes reports AI is rewriting the global corporate scoreboard in the Global 2000 ranking. Wall Street remains divided over Meta's cloud pivot strategy.
President Trump wants to scrap his signature trade deal but faces significant legal and procedural challenges. CNBC reports the deal is getting renewed scrutiny from markets. NPR notes the irony of Trump trying to rip up an agreement he himself championed as the 'best ever.'
President Trump earned more than $1 billion from cryptocurrency ventures in his first year back in office, according to multiple reports. AP News reports his total crypto-related income reached approximately $1.2 billion. The NYT notes that while Trump reaped huge windfalls, many ordinary crypto investors suffered significant losses.
BBC compares Trump's financial windfall to all former US presidents, noting no other president has come close to his post-White House earnings. Key takeaways from Trump's 2025 financial disclosure include revenue from Bibles, Home Alone licensing, and perfume. Forbes reports Mar-a-Lago revenue surged 55% after Trump returned to power.