A brewery in US' Wisconsin that promised free beer to its patrons upon death of President Donald Trump no longer has permission to operate in the state. Officials have reportedly cancelled the brewery's permit. Notably, after the shooting incident at White House Correspondents’ Dinner in April, which was attended by Trump, the company wrote on Facebook, "Well...we almost got #freebeerday."

Crude oil prices fell on Thursday as oil tankers continued transiting the Middle East despite escalating tensions in the region. Brent crude futures fell 1.42% to $89.45/barrel, while US West Texas Intermediate crude slipped 0.66% to $83.90/barrel. A total of 39 commodity ships passed through the Bab el-Mandeb Strait on Tuesday, with only a few transiting the Strait of Hormuz.

The US Federal Reserve kept interest rates unchanged at a target range of 3.5% to 3.75% at its July policy meet for the seventh consecutive month. The decision was supported by nine out of 12 policymakers, while three voted for a quarter-percentage-point hike. Federal Reserve Chairman Kevin Warsh said the key goal is to keep inflation at a manageable level.

Over five crore income tax returns (ITRs) for AY 2026-27 had been filed as of Wednesday, the Income Tax Department said. With the July 31 deadline approaching, the department added, "Don't wait for the last-minute rush. Reconcile and file your ITR-1 or ITR-2 for AY 2026-27 today!" It further revealed that over 30 lakh ITRs were filed on Tuesday.

US' Dow Jones fell over 1,100 points, or 2.19%, on Wednesday to mark its worst day since April 2025, when President Donald Trump unveiled his 'sweeping tariffs'. This comes after the US Federal Reserve kept interest rates unchanged from 3.5% to 3.75% in a 9-3 decision. The S&P 500 fell 1.5% to 7,316 points, while Nasdaq fell 1.74% to 24,442.

Union Minister Nitin Gadkari informed the Rajya Sabha that studies evaluating the effects of E20 found there was no need to modify engines of either cars or two-wheelers. However, pre-2016 manufactured BS-III vehicles that were introduced from April 1, 2005, "some rubber parts and gaskets may require replacement", he said. He added that this can be done during routine servicing.

A proposal to settle trade between Russia and Bangladesh in Indian rupees is under review, officials in Bangladesh's Economic Relations Division indicated. Currently, Bangladesh is depositing loan instalments into a Sonali Bank account opened in Russia's name as an interim arrangement for repayment. These funds have not yet been transferred to Russia, and the issue leaves repayments unresolved.

RCB topped Houlihan Lokey’s 2026 IPL franchise brand-value rankings at $312 million, becoming the first team to cross $300 million. MI ranked second at $264 million, followed by KKR at $245 million and CSK at $244 million. LSG are last among the 10 franchises, with a brand value of $122 million.

The Covid-led market crash highlighted the importance of staying invested through SIPs. Investors who continued investing during the correction accumulated more units at lower NAVs and benefited from the sharp market recovery. The experience reinforces that disciplined investing and long-term compounding often outperform market timing.

Generative AI training and streaming fraud are creating new risks for artists and record labels. IFPI chief Victoria Oakley said AI companies should obtain licences and pay rights holders when using copyrighted music, while platforms need stronger safeguards against bots and fake streams.