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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.
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…
Crypto Prices Today: Bitcoin Hits $69,551, Ethereum Gains 17.74% as Hyperliquid Surges 20.97%
Crypto prices surged sharply on Thursday, August 20, 2026, breaking weeks of sideways trading. Bitcoin jumped to $69,551, gaining roughly 8% in 24 hours. Ethereum climbed 17.74% to reclaim the $2,000 level, while Hyperliquid’s HYPE token surged 20.97%. The rally followed a surprise US Treasury announcement to double its long-dated bond buyback operations. Total crypto…
NVDA Stock, AMD Stock, Micron and Broadcom Gain as AI Spending Estimates Rise
AI spending estimates are rising again, giving semiconductor stocks a fresh boost. On August 7, 2026, Goldman Sachs estimated global AI investment could reach about $1 trillion this year, above widely cited hyperscaler spending forecasts. That outlook is supporting demand for AI chips, memory and networking hardware. As a result, NVDA stock, AMD stock, Micron…
Aldi Worker Ordered to Pay $1,230 After AI-Generated Unfair Dismissal Claim Fails
Sydney Aldi worker ordered to pay $1,230 in legal costs after Fair Work rejected his AI-generated unfair dismissal claim. He was dismissed three days short of the six-month eligibility threshold.
Meta Rejects Claims It Addicted Children to Facebook and Instagram as 29 US States Seek Billions
On August 18, 2026, Meta faced a major legal challenge as 29 US states accused the company of designing Facebook and Instagram to keep children hooked. The trial in Oakland, California, could lead to billions of dollars in penalties and force changes to how the platforms operate. Meta strongly denies the claims, saying its products…
Trump Pauses 50% Tariffs on Canadian Goods for Three Days as U.S.-Canada Trade Deal Nears
President Donald Trump paused threatened 50% tariffs on Canadian goods late Tuesday, hours before they were set to take effect. The tariffs would have covered roughly $20 billion in Canadian imports. Trump cited progress toward finalizing a broader trade deal with Canada. The postponement runs through the end of the day on August 21, 2026,…
AirTag Tracking Exposes Amazon’s Secret Book Destruction for AI Training
Journalists tracked a rare book shipment with an AirTag to Amazon’s Las Vegas facility, confirming the company destroys books after scanning them to train AI models. The discovery raises questions about data sourcing ethics in the AI boom.