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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.
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.
TGS Jumps 2.3% on Brunei Data Brokerage Contract Award
TGS awarded data brokerage rights for offshore Brunei block by Petroleum Authority. Stock rises 2.3% on new contract to market 3D seismic and well data.
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…
Ford Bronco Ute Coming by 2030; F Stock Rated B on Mixed Fundamentals
Ford plans to build a Bronco pickup by 2030 at its Michigan plant. The ute will rival the Jeep Gladiator and may replace the Ranger in North America, though Australian Ranger supply is unaffected.
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…
AMD Shares Down 0.43% Despite Bullish $650 Price Target From Roth MKM
AMD shares traded down 0.43% to $464.43 in early Thursday trading on August 20, 2026, even after Roth MKM reiterated a bullish call. The stock later reversed course, closing the session up 0.65% at $469.46. Analyst Suji Desilva maintained a Buy rating and $650 price target on the chipmaker. That target implies roughly $302 billion…
NVDA Stock: Nvidia Earnings Preview as Wall Street Eyes ~$92B Revenue
NVDA stock heads into its most important catalyst of the quarter on August 26, 2026. Nvidia reports Q2 FY27 earnings after market close, covering the period ending July 27. FactSet and LSEG consensus places revenue between $91.85 billion and $92.10 billion, just above management’s own guidance of $91.0 billion, plus or minus 2%. That midpoint…
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…