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Prince Harry Ordered to Pay $18.1M in Legal Costs After Daily Mail Loss
Prince Harry and Elton John ordered to pay £9.54m by August 28 after losing privacy case against Daily Mail. Final costs could reach £34.5m, exposing claimants to massive personal liability.
RFK Jr.’s Son Conor Kennedy Placed on Russia’s Wanted List for Ukraine Service
Conor Kennedy, RFK Jr.’s son and Taylor Swift’s ex, placed on Russia’s wanted list for Ukraine service. Moscow court authorized arrest in absentia; faces 7-10 years if convicted.
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.
FTSE 100 Today: UK Stocks Edge Up 0.16% as Antofagasta and Mining Rally Mask Weak Retail Sales
The FTSE 100 edged 0.16% higher on August 21, 2026, as stronger metals prices lifted London-listed mining stocks. Antofagasta led the gains with a 4.3% jump, while gold, silver and copper also moved higher. The rise came despite a weaker UK consumer picture. Retail sales fell 0.5% in July, adding to concerns over household spending….
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…
Christian Metal Band Sues Netflix Over KPop Demon Hunters Trademark, August 21
Christian metal band Demon Hunter sues Netflix over KPop Demon Hunters trademark infringement. Band cites consumer confusion and existential threat to 25-year-old brand.
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…
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…