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Samsung (KRX: 005930) Slumps 8.8% as $80 Billion Shareholder Return Plan Underwhelms Markets
Samsung Electronics shares fell as much as 9.4% to 255,000 won on Monday, August 24, 2026. The stock later settled around an 8.8% decline, making Samsung the biggest weight on the KOSPI index. The selloff followed Friday’s announcement of a 90 trillion to 110 trillion won ($65 billion to $80 billion) shareholder return plan. Investors…
LIV Golf Ends 2026 Season in Crisis: Saudi Funding Cut, Players Unpaid
LIV Golf’s 2026 season ends with Saudi funding withdrawn, unpaid players, canceled tournaments, and halved prize money. CEO Scott O’Neil seeks new investors for a potential ‘LIV 2.0’ next year.
Federal Judge Voids Trump’s 75-Country Visa Ban on August 23
Federal Judge Jeannette Vargas ruled the Trump administration’s ban on immigrant visas for 75 countries violated the Immigration and Nationality Act of 1952 by discriminating on nationality.
Trump Imposes 50% Tariffs on $20B Canadian Goods as Trade Talks Collapse
Trump imposed 50% tariffs on $20B in Canadian goods after trade talks collapsed. Canada’s PM Carney vowed to match them dollar-for-dollar, triggering a full trade war between the longtime allies.
Social Security Benefits Face 22% Cut by 2032 Without Congressional Action
Social Security trust fund projected to deplete by 2032, triggering a 22% automatic benefit cut unless Congress passes reform. Three main proposals being debated.
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.
Egashira 2:50 Donates Disaster Relief Funds on August 22
Egashira 2:50 pledges full donation of flea market sales and merchandise profits to Kumamoto earthquake and Chiba flood victims after clearing 9,720 unsold items from his 2026 festival.
Daniel Mulino Overhauls Super Rules: ATO Gets Veto Power on SMSF Transfers
Assistant Treasurer Daniel Mulino unveils major superannuation reforms including ATO veto power on SMSF transfers, new knowledge requirements, and disclosure rules to protect retirees from switching scams.