Meta Platforms, Inc.

Apple Inc.

Amazon.com, Inc.

Trump's new duties caused a collapse&nbsp;on the first day of August in markets that were in euphoria after reports&nbsp;from the largest US tech companies.&nbsp;Apple, Amazon, Microsoft and Meta beat analysts' expectations on earnings and revenue, despite some weak segments. At the same time, the luxury sector is still in crisis: Hermès shares sagged despite sales growth, while Kering is facing a 25% drop in Gucci revenue and a growing debt load. The Fed kept rates unchanged and Donald Trump criticized Jerome Powell again. The main events from July 28 to August 1 - in our review.&nbsp;

Highlights of the week: bigtech reports, Trump's duties and Figma's debut


Earlier, the US president advised the Russian side to "watch its words"

Trump told to move two nuclear subs in response to former Russian president's words

U.S. markets collapsed on Friday, August 1. The reason for the sell-off was the announcement of Donald Trump's new trade duties, as well as fresh data on US non-farm payrolls, which were more than a quarter worse than expected. As a result, the S&amp;P index had its worst day since April, Bloomberg calculated, and the Cboe volatility index, known as Wall Street's "fear barometer," broke the psychologically important 20-point mark - a position above it usually indicates high tension. Oninvest told you more about what is happening in the markets online.

Trump's new duties cause markets to crash, 'fear index' soars 25%: online

- The main U.S. stock index<a href="https://www.cnbc.com/quotes/.SPX"> S&amp;P 500</a> fell 1.5 percent after trading began Aug. 1.

US indices collapsed more than 1% after new duties and jobs data

Coinbase Global, Inc.

Futures on major U.S. indexes fell about 1%, Wall Street's "fear index" jumped nearly 12%

Morning in New York: Trump defied the "bulls" once again

The new duties will come into force in a week's time

Trump announced high duties on goods from dozens of countries. How did the markets react?

Apple reported record revenue of $94 billion and a 13% increase in iPhone sales, while stepping up investments in artificial intelligence. Amazon beat earnings and revenue expectations, but the stock sagged due to a weak outlook for its AWS cloud business. Figma debuted on the stock exchange with a rise of more than 250% to its offering price, demonstrating a resurgence of investor interest in new tech offerings. These and other topics are in our review of key events for the morning of August 1.

Highlights for this morning: Trump imposes new duties, Apple pleases investors and the debut of Figma


The White House imposed duties only on copper semi-finished products, leaving the main import item unrestricted

U.S. copper prices collapse to a record due to Trump's unexpected softness on duties

Trump renewed calls for a rate cut hours before the regulator's decision was published

The U.S. Federal Reserve kept rates unchanged for the fifth consecutive time. Two FOMC members were in favor of a cut

The US is India's largest trading partner


Trump imposes a 25% duty on imports from India starting Aug. 1


When Donald Trump publicly reprimanded Jerome Powell for the rising cost of renovating the Fed buildings, it was like a Russian TV story about President Putin's visit to an Olympic construction site. Here, too, there were accusations of inflated costs, but no threats to fire him. Although there are more chances to send Jerome Powell to resign than it seems legally, says Igor Slabykh, a lawyer and author of the USlegalnews&nbsp;&nbsp;&nbsp;

By estimate or by law: what threatens a new twist in the Trump-Powell standoff

Tesla, Inc.

AI chip startup Groq is in talks to raise $600 million at a valuation of $6 billion, double its last round in August 2024. Meta is preparing to report quarterly earnings on the back of a massive investment in supercomputing data centers and the hiring of key industry experts, including former OpenAI employees. Meanwhile, South Korea's LG Energy Solution signed a $4.3 billion contract with Tesla to supply LFP batteries for energy storage systems, strengthening its position in the US market. On these and other topics - in our review of key events by the morning of July 30.