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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.
Ethereum (ETH) Surges 29% to $2,422 on Record $220M Spot ETF Inflow and Whale Outflows
Ethereum climbed more than 28% over the past 24 hours to trade near $2,409 on August 21, 2026. The rally added $12.4 billion to its market cap, now at $289.4 billion. A record $220.77 million flowed into US spot Ethereum ETFs on August 20, the highest daily inflow since October 28, 2025. Whales pulled large…
Alibaba (BABA, 9988.HK) Stock Falls 3% to HK$125 After Profit Plunges 76%
Alibaba shares fell 3% to HK$125 on Friday after quarterly net income plunged 76%. Net income attributable to shareholders dropped to RMB10.54 billion from RMB43.12 billion a year earlier. Revenue still rose 9% to RMB268.95 billion, beating consensus estimates. The gap between growth and profit came from a sharp jump in AI spending. Investors weighed…
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…
AI Investment Gets Boost as South Korea Plans New Fund From Chip Boom
South Korea is looking to turn its semiconductor boom into a new source of AI investments. On August 21, 2026, the government announced plans for a Future Response Fund that would use excess tax revenue from the chip industry to support AI and other future technologies. Local media estimates put the potential size of the…
Walmart (WMT) Stock Falls 9% Despite Strong Earnings and Higher 2026 Outlook
Walmart shares dropped about 9% on August 20, 2026, closing near $104 after opening at $114.30. The sell-off came despite a clear earnings beat. Walmart posted adjusted EPS of $0.81, topping the $0.74 estimate. Revenue reached $187.9 billion, up 5.9% year over year. The culprit was guidance. U.S. comparable sales rose just 2.6%, missing the…
Hanson Pushes 75% Tobacco Tax Cut to Undercut Black Market on August 21
Pauline Hanson proposes cutting Australia’s tobacco excise by 75% to reduce illegal cigarette sales. A packet would fall from A$46.50 to roughly A$21-22 if retailers pass savings on.
JD Sports Stock Plunges 10.98% as Retailer Cuts Profit Outlook on Weak Sales
JD Sports stock plunged 10.98% on August 20, 2026, after the sportswear retailer lowered its full-year profit outlook following weaker second-quarter sales. Group like-for-like sales fell 3.1%, while North American sales dropped 6.8%, adding pressure to the company’s growth plans. JD Sports now expects adjusted pre-tax profit of £700 million to £800 million, below its…
Hays Stock Rises 0.52% as Recruiter Cuts Dividend 65% Amid Hiring Slump
Hays stock edged up 0.52% on August 20, 2026, after the recruitment giant posted FY26 results. The company cut its total annual dividend by 65%, from 1.24 pence to 0.44 pence per share. Net fees fell as hiring activity stayed weak across Hays’ key markets. Investors focused on cost cuts and stabilizing margins rather than…