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On Holdings Plunges 19% as Federer Drops Below Billionaire Status on August 13
Roger Federer’s net worth fell below $1 billion after On Holding stock plunged 19% on Tuesday. Forbes estimates his fortune at $949 million, down from over $1.1 billion, following the sneaker brand’s missed sales expectations.
Gold Price Today: XAU/USD Rises 0.7% to $4,400 as Investors Await US CPI for Fed Rate Clues
On August 12, 2026, the spot gold price climbed 0.7% to hover near $4,400 per ounce. Traders pushed XAU/USD higher as global markets braced for key US Consumer Price Index data. Weak July non-farm payrolls added only 23,000 jobs, shifting market expectations for Federal Reserve rate cuts. Middle East geopolitical friction and robust central bank…
FTSE 100 Today: UK Stocks Fall as U.S.-Iran Tensions and Weak Retail Data Weigh, Gold Drops 0.57%
The FTSE 100 came under pressure on Tuesday, August 11, 2026, as renewed U.S.-Iran tensions pushed oil prices higher and added to inflation concerns. Brent crude moved towards $90 a barrel as uncertainty around the Strait of Hormuz increased. At the same time, weaker UK retail sales raised concerns about consumer demand. Gold also slipped…
Intel (NASDAQ: INTC) Upsizes Stock Offering to $20 Billion at $95 a Share, Stock Gains 1% Premarket
Intel Corporation priced an upsized $20 billion common stock offering on August 11, 2026. The chipmaker sold 210,526,315 shares at $95 per share, up from an initial $15 billion target announced Monday. Intel shares gained about 1% in premarket trading Tuesday, recovering after Monday’s 4% drop. The deal reflects surging demand for Intel’s foundry buildout…
Anthropic Strikes $9.1 Billion AI Cloud Deal With Riot Platforms to Expand Claude Computing Capacity
Anthropic has struck a $9.1 billion, 20-year computing deal with Riot Platforms Inc. to expand capacity for its Claude AI models. The agreement covers 191 megawatts of IT capacity at Riot’s Rockdale, Texas campus, enough to power roughly 143,000 homes. Riot Platforms shares surged over 25% in after-hours trading Monday, August 10, 2026, after Bloomberg…
Australia’s 2026 Census on August 11: FIFO Workers Face Undercount Risk
Australia’s August 11 census risks undercounting FIFO workers in mining regions. The ABS surveys 10.8 million households, but remote workers may fall through the cracks, affecting service planning and funding allocation.
Mercedes-Benz Faces Class Action Over Seat Logo Burns, August 10
Mercedes-Benz faces class action lawsuit after drivers claim the metallic AMG logo on seat backs causes second-degree burns when exposed to sunlight. Plaintiffs seek medical compensation and logo removal for all affected vehicles.
ABC Ombudsman Clears Rinehart Skit; Hancock Demands Editorial Overhaul
ABC Ombudsman clears controversial Rinehart skit as satire, but ABC apologises and removes content. Hancock Prospecting demands overhaul of editorial standards after 25-day delay.
QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.