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Australian Super Funds Hit 12.3% Returns in FY26 as AI Boom Drives Growth
Top Australian super funds returned 12.3% in FY26, marking four straight years above 9%. UniSuper led growth funds as AI and hedged international shares boosted returns.
Spain’s $51M World Cup Prize Breaks Records as FIFA Payouts Hit $871M
Spain earned $51 million for winning the 2026 World Cup, the highest prize ever awarded to a champion. FIFA distributed $871 million total across 48 teams, the largest prize pool in tournament history.
AI Boom Fuels $27 Trillion Market Surge, Raising Fears of a Historic Tech Bubble
The artificial intelligence (AI) boom has become the dominant force behind global equity markets. Since November 2022, AI-related companies have added approximately $27 trillion in market value, according to Goldman Sachs Research. That increase equals roughly 36% of the entire U.S. stock market’s value, making AI the biggest driver of Wall Street gains over the…
KPMG Names John Sams CEO on July 21 Amid Whistleblower Fallout
KPMG Australia appoints John Sams as CEO following whistleblower scandal. New leader faces scrutiny over firm’s handling of audit misconduct allegations and must rebuild damaged reputation.
Nasdaq Futures Jump 1.3% as Nvidia (NASDAQ: NVDA) and Chip Stocks Fuel Market Optimism
Nasdaq futures climbed 1.3% on July 21, 2026, pointing to a stronger start for U.S. markets after a volatile session. Nvidia (NASDAQ: NVDA) and other semiconductor stocks led the gains as investors returned to AI-focused companies ahead of a busy week of Big Tech earnings. Expectations for continued demand for AI chips, along with fresh…
Revolut Wins Australian Banking Licence, Commits A$400M to Challenge Big Four
Revolut wins APRA banking licence in Australia, launches Revolut Bank Australia with savings rates up to 5.05% p.a. and A$400M investment commitment to compete with Big Four banks.
BAWAG Group (VIE: BAWG) Q2 Profit Jumps 21% as Bank Reaffirms 2026 Outlook Ahead of PTSB Acquisition
BAWAG Group reported strong second-quarter results on July 21, 2026, with net profit rising 21% year over year to €255 million. The increase came from healthy lending activity and disciplined cost management. The Austrian bank also reaffirmed its full-year 2026 outlook, showing confidence even as it moves ahead with its planned acquisition of Ireland’s Permanent…
Cement (NSE: ULTRACEMCO) Shares Rise 2% as Q1 FY27 Profit Jumps 17% to ₹2,599 Crore UltraTech
UltraTech Cement shares extended gains for a second straight session on July 21, 2026. The stock traded at ₹12,039.65 on the BSE, up 1.19% intraday. That followed a 1.35% rise to ₹11,880 on results day itself. Combined, shares have climbed close to 2% since UltraTech posted its Q1 FY27 numbers. Consolidated net profit jumped 16.8%…
Jamie Dimon Explains Why He’s Avoiding the S&P 500 and Long-Dated Treasuries
Jamie Dimon says he wouldn’t buy the S&P 500 or long-dated Treasuries at today’s prices. The JPMorgan Chase CEO made the comments in an hourlong interview with Wilfred Frost on The Master Investor Podcast, released late Monday, July 20, 2026. His warning came just days after JPMorgan posted a record $21.2 billion quarterly net income,…