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Alibaba Falls 8% After Pricing 710 Million New Shares at 8.4% Discount
Alibaba shares fell about 8% in early Hong Kong trading on August 24, 2026, after the company priced 710 million new shares at HK112.70each.ThedealwillraiseHK80 billion ($10.21 billion) to support its artificial intelligence plans. The 8.4% discount has raised concerns about shareholder dilution and the cost of Alibaba’s expanding AI spending. Investors are now weighing the…
Coles Shares Fall 3.1% After Alcohol Pricing Glitch Crashes Website
Coles website crashes after viral Reddit post reveals 80% alcohol discount. Shares fall 3.1% to A$22.76. FY26 earnings due August 25. Meyka rates COL.AX a B-.
Massive Storm System Drenches Australia; Flooding Hits Victoria, NSW on August 24
A major low-pressure system is bringing heavy rain and storms across southeast Australia through Tuesday. Victoria and NSW face flooding risks as catchments remain saturated from recent rainfall.
Study: Babies Born Under Sugar Rationing Face Lower Cancer Risk Decades Later
Study of 64,761 UK adults shows those exposed to sugar rationing in infancy had lower cancer risk decades later. Researchers found reductions in liver, prostate, lung, rectal, and breast cancers.
Fifth Third Backs Payload’s $500M Monthly Payments Platform on August 23
Fifth Third Bank invests in Payload, an embedded payments platform processing $500M monthly. The deal marks Payload’s first outside capital since 2019 and expands payment options across industries.
Moderna and Merck’s Melanoma Vaccine Jumps Stocks on Phase 3 Win
Moderna and Merck’s personalized mRNA cancer vaccine succeeded in Phase 3 melanoma trials, reducing disease recurrence. MRNA jumped 8.9% and MRK rose 2.4% on the announcement.
Fromm and Oma’s Pride Recall Dog Food Over Metal and Salmonella on August 23
Fromm Family Foods and Oma’s Pride issued urgent dog food recalls in August 2026. Fromm recalled 5,825 cases of wet canned dog food over metal contamination; Oma’s Pride recalled 639 bags of raw dog food over salmonella, with three dog illnesses reported.
Japan’s 5.9 Magnitude Earthquake Hits Tokyo, Kanto Region on August 23
Magnitude 5.9 earthquake hits Tokyo and Kanto region at 2 a.m. on August 23, 2026, injuring 37 people and disrupting train services. No tsunami threat reported.
Coles Website Crashes After 80% Alcohol Discount Glitch on August 23
Coles website went offline after a technical error discounted 24-pack alcoholic drinks from A$130 to A$27. The retailer cancelled affected orders and promised refunds.