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Block Ordered to Pay $120M CFPB Restitution for Cash App Fraud Failures
Block must pay $45M to states and $75M-$120M to Cash App users via CFPB restitution for fraud failures, account security gaps, and inadequate customer support.
Australian Fast Food Chains Shift to Chicken as Costs Soar, August 22
Australian fast food chains are shifting menus toward chicken to combat cost pressures. Guzman y Gomez shares jumped 13% on strong FY26 guidance despite a $26.7M statutory loss from US exit.
European Stocks Post Worst Week Since July: Stoxx 600 Drops 1.14% as Oil Surge and Bond Yields Bite
European Stocks closed a rough week on August 21, 2026, with the Stoxx 600 down 1.14%, its steepest five-day slide since July 6. Rising Brent crude prices and surging bond yields drove the sell-off. Germany’s 10-year Bund yield hit 3.22%, its highest level since 2011, while Brent crude touched $93.56 a barrel on Thursday. Tech…
TUI River Cruises Face Dozens of Complaints Over Broken Air Conditioning, August 21
TUI River Cruises passengers report stifling heat and broken facilities on Danube cruises. One couple paid £4,000 but received only £300 refund. Travel insurance claims may still be possible.
Stock Market Close: Sensex Ends Flat at 77,540, Nifty Holds 24,200 as Bank Gains Offset IT and Auto Drag
Sensex closed nearly flat at 77,540 on Friday, up marginally from the previous close of 77,537.72. The Nifty50 held near 24,235, against Thursday’s close of 24,231.85. Banking and financial stocks like HDFC Life and Power Grid cushioned the index, while IT, FMCG, and auto shares dragged. The muted session reflected cautious global cues as Brent…
US Dollar Hits 3-Month Low vs Euro as Fed Rate Uncertainty Mounts, August 21
US Dollar Index slides to 3-month low vs euro at 99.4 as Fed rate hike odds drop to 35%. Treasury yields and fiscal concerns weigh on greenback strength.
Moderna Tumbles 23.5% After 177% Surge on Cancer Vaccine Win, August 21
Moderna stock fell 23.5% to $133.32 on August 21 after surging 177% the prior day on its cancer vaccine breakthrough with Merck. RSI hit record 92.21, signaling extreme overbought conditions.
Fauci Adviser Morens Pleads Guilty to Hiding COVID Records on August 19
Dr. David Morens, former Fauci adviser, pleads guilty to conspiracy to conceal COVID-19 research records. Faces up to 5 years in prison; sentencing set for November 12.
Aldi Worker Ordered to Pay $1,230 After AI Drafts Doomed Unfair Dismissal Claim
Fair Work Commission orders Aldi worker to pay $1,230 after AI-generated unfair dismissal claim fails. First ruling punishing a worker for wasting tribunal time with AI-drafted submissions.