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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.
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…
Stock Market Today: S&P 500 Futures Gain Amid Iran Sanction Threats; Ross Stores Rallies 9% on Strong Q2 Beat
S&P 500 futures climbed 0.2% on Friday, August 21, 2026, following Thursday’s decline. Dow futures gained 65 points, while Nasdaq 100 futures advanced 0.4%. Treasury Secretary Scott Bessent warned the US will impose “the toughest sanctions in history” on Iran. Ross Stores shares jumped 7.92% in after-hours trading on a strong second-quarter earnings beat. Why…
Bitcoin Price Today: BTC Soars 8% to $74,982 as Crypto Rally Explodes; Ethereum, XRP Surge
Bitcoin surged 8% to $74,982 on Friday, August 21, 2026, extending a powerful weekly rally. The cryptocurrency has now climbed nearly 20% since Monday, fueled by a surprise US Treasury policy shift. Ethereum jumped toward $2,300, gaining roughly 18% in 24 hours, while XRP surged past $1.25. Total crypto market capitalization reached $2.56 trillion, up…
Tech Stocks to Watch: Alphabet Lifts 2026 Capex Forecast to $195B-205B
Alphabet is spending more to keep up with demand for artificial intelligence. On July 22, 2026, the Google parent raised its 2026 capital expenditure forecast to $195 billion-$205 billion, up from $180 billion-$190 billion. The increase comes as Google Cloud revenue jumped 82% to $24.8 billion in the second quarter. As AI demand drives higher…
Evergrande Founder Hui Sentenced to Life, Fined $2.4B on August 20
Evergrande founder Hui Ka Yan sentenced to life in prison and fined $2.4 billion total for fraud and bribery. Court confiscated all personal property. Hui once had $42.5 billion net worth.
SATS Slides 13.6% After Q1 Profit Growth Slows on Margin Squeeze
SATS stock drops 13.6% to S$4.12 after Q1 earnings disappoint. Net profit rose 6% to S$75.1M but margin compression from geopolitical tensions weighs on investor sentiment.
Gold Price Today: MCX Gold Rises 0.26% to ₹1,58,412 as Brent Hits $91.84
Gold prices are back in focus on August 20, 2026, with MCX gold up 0.26% at ₹1,58,412 per 10 grams, while Brent crude trades around $91.84 a barrel. Lower US Treasury yields and a softer dollar have improved gold’s appeal. At the same time, higher crude prices are keeping inflation and interest-rate expectations in focus….
FIRE Movement Gains Traction in Japan as Young Workers Seek Early Retirement
Young Japanese workers are embracing the FIRE movement to retire in their 40s. Rising costs and burnout fuel the trend, though experts warn of long-term sustainability challenges.