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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…
Welspun Corp (WELCORP) Share Price Soars 16% to Record High After ₹17,200 Crore Mega Order
On August 21, 2026, Welspun Corp shares surged after the company won its largest-ever single order, valued at about $1.8 billion (₹17,200 crore). The contract covers pipe supplies from its US manufacturing facility and sent the stock to a record high. The deal also pushed Welspun Corp’s global order book to around $4.4 billion, giving…
US Debt Rises $11.6 Trillion During Trump’s Two Terms, Outpacing Biden’s $8.4T
US debt has climbed $11.6 trillion across Donald Trump’s two terms combined, according to Treasury Department data released this week. That total spans both his 2017-2021 term and his current second term since January 2025. Biden’s single term added $8.4 trillion by comparison. Total US debt crossed $40 trillion for the first time on August…
Crypto Tax Warning: HMRC Sent More Than 81,000 Letters to Cryptocurrency Holders
HMRC has stepped up its focus on cryptocurrency taxes, with more than 81,000 warning letters reportedly sent to UK crypto holders during the 2025-26 tax year. The move comes as new crypto reporting rules take effect from January 1, 2026, giving HMRC greater access to user and transaction data. For investors, the message is clear:…
xAI Founder Tony Yuhuai Wu Buys Rs 670 Crore California Mansion After 6 Years in AI
xAI co-founder Tony Yuhuai Wu reportedly buys Rs 670 crore Villa de Verano mansion in California with nine-hole golf course and 150-seat amphitheatre after six years in AI.
CSL Shares Jump 17% After FY26 Reset; Meyka Grades Stock B on August 19
CSL shares jumped 17% after reporting a AUD 10 billion write-down on Vifor but signaling recovery. FY2027 revenue expected flat, underlying earnings to grow 5%. Meyka grades CSL a B.
Ausgold Jumps on $776M Takeover as Oil Tops $90 and ASX 200 Stays Flat
Ausgold shares surged on August 18, 2026, after OceanaGold agreed to acquire the company in a A$776 million deal. The offer values Ausgold at A$1.36 per share, a 28% premium to its last close. Brent crude climbed 2.3% to US$90.52 a barrel the same day. The ASX 200 finished flat at 9,070 points, down just…
Kroger Closes 35+ Harris Teeter Stores by August 18 as 60-Store Overhaul Continues
Kroger has closed 35+ stores including Harris Teeter locations in Virginia, Maryland, and North Carolina. The company plans 60 total closures by end of 2026 after its failed Albertsons merger.
Deutsche Telekom (ETR: DTE) Acquires Fiberhost and Inea for €1 Billion, Adding 300,000 Customers in Poland
Deutsche Telekom confirmed Monday, August 17, 2026, that it will acquire Poland’s Fiberhost and Inea for €1 billion. The deal, worth roughly $1.16 billion, transforms T-Mobile Polska into a fully converged telecom provider. Deutsche Telekom is buying both companies from Macquarie Asset Management. The transaction still requires customary Polish competition approval before closing. Deutsche Telekom’s…