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Rabobank to Invest €2 Billion in AI and Technology Over Three Years as Net Profit Remains Flat
On August 4, 2026, Rabobank announced plans to invest €2 billion in artificial intelligence, data, and technology over the next three years, even as its first-half net profit remained unchanged at €2.69 billion. The investment comes as large European banks continue to spend more on digital capabilities despite pressure on earnings. Rabobank wants to use…
Oil Prices Rebound Over 1% After Sharp Selloff; Brent at $84.94 and WTI at $81.14 as U.S.-Iran Uncertainty Returns
Oil prices rebounded more than 1% on Tuesday, August 4, 2026, after Monday’s sharp selloff. Brent crude climbed to $84.94 a barrel, while WTI rose to $81.14. Renewed uncertainty over U.S.-Iran relations drove the bounce back. Both benchmarks had fallen roughly 5% Monday after diplomatic signals briefly eased tensions. Oil Prices Rebound: Brent and WTI…
LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
CuspAI Hits $2.6 Billion Valuation After Jeff Bezos, Nvidia, and Meta Back AI Materials Startup
Cambridge-based AI startup CuspAI secured $450 million in a Series B funding round on July 20, 2026. The funding pushed its valuation to $2.6 billion, backed by Jeff Bezos, Nvidia, and Meta. CuspAI uses artificial intelligence to discover new materials for chipmaking, clean energy, and manufacturing. The round marks a fivefold jump from its $520…
STARTO Entertainment Faces Talent Exodus as Ex-Junior Debuts Elsewhere in One Year
Former STARTO Entertainment junior Koji Mimura debuts with iiONDO after leaving in June 2025. The case highlights growing concerns about extended debut waits and talent departures from the major Japanese agency.
Hyperliquid USD Falls 6.1% to $52.44 as Momentum Turns Negative
HYPEUSD dropped 6.1% to $52.44 in 24 hours. RSI at 36 and MACD below signal line signal oversold conditions.
HSBC Exits Australian Retail Banking; Sells $36B Loan Book to Blackstone
HSBC closes all 19 Australian retail branches over 18 months after selling $36B loan portfolio to Blackstone. Pepper Money to service mortgages from early 2027.
Macquarie Bank Cuts Variable Rates to 6.04% as Mortgage Wars Heat Up
Macquarie Bank cuts variable rates to 6.04% for new customers. 28 lenders have cut rates since June as mortgage competition heats up and RBA decision looms on August 11.
Jio Financial Services Sets August 10 Record Date for Rs 0.60 Dividend
Jio Financial Services fixes August 10 as record date for Rs 0.60 per share final dividend for FY26. Shareholders must hold shares on this date to be eligible. AGM scheduled for August 26.