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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.
Hong Kong Court Convicts Tiananmen Vigil Organizers on August 21
Hong Kong court convicts Lee Cheuk-yan and Chow Hang-tung of inciting subversion for organizing Tiananmen vigils. Both face up to 10 years in prison. Sentencing delayed to next week.
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…
Scott Bessent Pushes Treasury Buybacks as Bond Vigilantes Challenge US Debt
Scott Bessent doubled Treasury’s long-term bond buyback program on August 19, 2026, raising the per-operation cap from $2 billion to at least $4 billion. The Treasury secretary told CNBC Thursday the size could climb even further. Yields fell sharply on the news, with the 10-year note dropping 5.7 basis points to 4.647%. Bessent’s move directly…
Bitcoin Climbs to $72,630 as Golden Cross Pattern Emerges
Bitcoin jumped 4.8% to $72,630 on Wednesday, breaking a six-week range as Fed liquidity signals and dollar weakness fuel gains.
Jake Stringer Exits GWS Giants, Plans Return to Melbourne for Family in 2027
Jake Stringer confirms he will leave GWS Giants after this weekend’s game against Adelaide, planning to return to Melbourne in 2027 for family reasons. The 32-year-old will play his 250th AFL game on Saturday.
French Rafale Intercepts Russian FSB Command Plane Over Baltic Sea on August 20
French Rafale fighters intercepted a Russian Tu-214PU command aircraft over the Baltic Sea during NATO’s air policing mission. The aircraft, used by FSB leadership, was equipped with advanced defensive systems.
US National Debt Surpasses $40 Trillion for First Time, Raising Fresh Fiscal Concerns
The US national debt surpassed $40 trillion for the first time this week, the Treasury Department confirmed Wednesday, August 19, 2026. Total public debt outstanding reached $40.047 trillion as of August 18, just five months after crossing $39 trillion. The milestone comes as the annual deficit is projected to hit $2.1 trillion by fiscal year-end…