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Baystreet
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S&P Little Changed Amid Trump Moves on Trade
- S&P 500 ended near flatline as Trump gave no exceptions to Aug. 1 tariff start date.
- Dow Jones fell 165.6 points, while NASDAQ edged up slightly.
- Conflicting signals on trade from Trump led to uncertainty among traders.
- Market reaction mixed as some traders believe worst from trade war has passed.
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Forbes
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Two Big Tax Changes That Could Hit Working-Class Households Under Trump’s “Big Beautiful Bill”
- The Big Beautiful Bill passed in July includes tax changes affecting working-class Americans, with a tip and overtime tax break offering relief until 2028.
- The tax break allows individuals like service workers to deduct tips and overtime wages from their taxable income, reclaiming up to $25,000 annually for couples.
- However, starting in 2026, a new 1% excise tax will be imposed on certain outbound remittance transfers, adding a financial burden for those sending money overseas.
- While the Big Beautiful Bill benefits some workers, particularly in service industries, it introduces challenges for individuals sending money abroad, emphasizing the need for tax planning.
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TechBullion
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How Motorcyclists Can Outsmart Distracted Drivers
- Motorcyclists face danger from distracted drivers, often resulting in severe accidents and injuries.
- Formal safety courses can teach essential skills like emergency braking and defensive driving.
- Defensive driving courses enhance situational awareness and help avoid hazards on the road.
- Being observant of other drivers' behaviors and planning routes carefully can increase safety.
- Riding defensively, maintaining visibility, and learning proper road skills are crucial for motorcyclists.
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TechBullion
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Must Have Easily Applicable Protection and Added Style to Your Vehicle Whether New or Second Hand!
- UV protection is crucial for safeguarding against unseen threats like UV rays in tropical climates.
- Options like UV protection sun shades for vehicles provide both functionality and style, offering easy installation and convenience.
- When buying a second-hand car, focusing on factors like service history can lead to smart purchases and savings, considering the depreciation in value of new cars.
- Being aware of rules and regulations in different industries, such as the automotive sector, is important for consumers.
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TechBullion
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car.news Listed for $160,000 on Royal.Domains: A Premium Name for the Automotive News Industry
- car.news, an ultra-premium domain for the automotive news industry, listed for $160,000.
- Domain names crucial in digital landscape as valuable assets shaping online businesses.
- Royal.Domains where car.news listed, offers premium domains tailored for various industries.
- Buying a domain like car.news provides competitive advantage, branding clarity, and SEO value.
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Moneyweb
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South Africa to model budget impact of US proposed 30% tariff
- South Africa's National Treasury is modeling the budget impact of the US's proposed 30% tariff to assess its effect on tax revenues.
- The Treasury is concerned about the impact on economic growth projections, with Deputy Finance Minister David Masondo noting that the tariff could affect exports to the US, China, and Europe.
- The proposed tariffs may also impact major US companies operating in South Africa, like Ford Motor Co., and erode South Africa's tax base, as the economy relies on growth for revenue generation.
- Despite the concerns, South Africa aims to negotiate a revised trade deal with the US to potentially lower the tariffs before the August 1 deadline.
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Guardian
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Trump threatens to escalate trade war amid confusion over new tariff rates
- DonaldTrump threatens to escalate trade wars with new tariff rates on foreign drugs and copper.
- Trump declared a deadline of August 1 for new steep duties, with no extensions to be granted.
- On Monday, plans were announced for tariffs of up to 40% on goods from 14 countries, but a pause on introduction was extended for negotiations.
- Global stock markets showed little reaction to the threats as Trump outlines plans to increase tariffs on imported copper and pharmaceuticals.
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Forbes
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Millions Could Lose Medicaid Coverage—Here’s How To Keep Yours
- A new law passed on Friday includes cuts to the Affordable Care Act and Medicaid, potentially leaving millions of Americans without coverage.
- The bill presents hurdles to maintaining Medicaid coverage, with requirements for individuals to fulfill community service, work, attend school, or meet specific income criteria.
- The law includes provisions that prohibit gender transition procedures, block payments for abortions in cases other than rape, incest, or life-threatening conditions, and may lead to closures of health centers like Planned Parenthood.
- Over the next decade, Medicaid will face cuts totaling $930 billion, with some states expected to implement work requirements sooner than the federal deadline of January 1, 2027.
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Moneyweb
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TUHF announces AJ Rothman as next CEO
- TUHF Holdings has announced the appointment of Aidan-John (AJ) Rothman as its next CEO, effective 1 October 2025.
- Rothman is set to take over from current CEO Paul Jackson, who will step down at the end of December after more than two decades at the helm.
- The transition follows an 18-month succession plan and a thorough search process overseen by the TUHF Board to ensure alignment with the company's growth strategy and social impact objectives.
- Rothman, who brings expertise in finance and housing sectors, is well-positioned to lead TUHF in its mission of urban regeneration and sustainable growth.
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Bloomberg Quint
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CCI Okays Kedaara Capital's Proposal To Acquire Stake In Porter
- Kedaara Capital's proposal to acquire a stake in SmartShift Logistics Solutions, the parent company of on-demand logistics provider Porter, has been approved by the Competition Commission of India.
- Mumbai-based Kedaara Capital is acquiring a stake in Porter through its affiliates Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF.
- Porter recently raised $200 million in a Series F funding round co-led by Kedaara Capital, reaching a valuation of $1.2 billion, making it the third unicorn in 2025.
- Porter, engaged in logistics services, packing, and moving, faces competition from companies like Shadowfax, Pidge, and cityXfer.
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Bloomberg Quint
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Karnataka Government Releases Rs 244 Crore As Truckers Go On Strike
- The Karnataka government has released Rs 244.10 crore to cover additional expenses under the Annabhagya scheme for transporting rice and other food grains due to lorry owners going on strike.
- The allocated amount is in addition to a previous grant of Rs 2,082.99 crore for purchasing extra rice per beneficiary, with Rs 21.79 crore remaining unutilized from the earlier allocation.
- The funds are specifically designated for covering wholesale, retail margins, and transportation charges, excluding rice procurement costs, for the financial year 2025–26.
- The State Lorry Owners' Association declared an indefinite strike over non-payment of dues, prompting political leaders to criticize the delay in clearing payments and urging the government to address the situation promptly.
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Bloomberg Quint
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Maharashtra Recorded Over 10,000 Cases Of Crimes Against Children In Five Months Of 2025, Says Fadnavis
- Maharashtra Chief Minister Devendra Fadnavis revealed that 10,662 cases of crimes against children were reported in the state between January and May 2025.
- Among the cases, 1,179 were related to molestation until March 2025.
- Fadnavis highlighted an increase in crimes over the years, with a significant rise in molestation cases in the state.
- Efforts including special assistance cells, Nirbhaya and Damini squads, special juvenile police units, and fast-track courts have been implemented to address these crimes.
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Bloomberg Quint
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Maharashtra Reports 11 New Covid-19 Cases
- Maharashtra reported 11 new Covid-19 cases, bringing the total infections in the state this year to 2,594.
- No deaths of Covid-19 patients have been reported in the state since Saturday.
- Six new cases were found in Mumbai, two in Thane city, one in Pune city, one in Kolhapur district, and another in Sangli.
- A total of 34,107 Covid-19 tests have been conducted in Maharashtra since January 1.
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Bloomberg Quint
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SEBI Approves IPOs Of Rite Water, Veeda Clinical, Others
- SEBI has approved the IPOs of Rite Water Solutions (India) Ltd., Veeda Clinical Research, and other companies to raise funds through initial public offerings.
- The companies that received regulatory approval include LCC Projects Ltd, Shringar House of Mangalsutra Ltd, and Seedworks International Ltd.
- SEBI has also lifted the abeyance on WeWork India Management's IPO, with the Embassy Group-promoted firm planning an Offer for Sale of equity shares.
- Rite Water Solutions aims to raise Rs 745 crore through its IPO, with a portion allocated for working capital requirements and general corporate purposes.
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Bloomberg Quint
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Meghalaya Seeks Rs 2,270 Crore For Critical Transmission Projects From Union Power Ministry
- Meghalaya Power minister has requested financial support of Rs 2,270 crore from the Union Ministry of Power for critical transmission projects in the state.
- The proposed project, approved by the Central Electricity Authority, aims to add 760 MVA of capacity and extend transmission lines by 190 circuit kilometres.
- The state emphasized the urgent need for a dedicated 132 kV transmission line to Baghmara and other areas along the Bangladesh border.
- The minister also highlighted the need to expand 132 kV infrastructure in various areas and raised concerns over pending approvals for system upgrades and cyberattack threats on the power grid.
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