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ASX Midday: Telstra (ASX: TLS) Edges Higher as BHP (ASX: BHP) Drops Nearly 3% on $900M Iron Ore Project
ASX midday trading on July 16, 2026, showed a mixed picture across major sectors. Telstra edged higher, building on Wednesday’s close near $4.89. BHP fell nearly 3% after unveiling a $900 million iron ore investment. The S&P/ASX 200 stayed roughly flat, down 0.3% in early Asia-Pacific trading. This ASX midday session highlights how commodity spending…
BMW Recalls 29,119 Plug-In Hybrids Over Starter Fire Risk on July 15
BMW recalls 29,119 plug-in hybrid sedans (330e, 530e, 740Le) over fire risk from corroded starter relay. Free replacement begins August 28. Owners advised to park outside until repair.
Costco Opens 7 Warehouses in August as Expansion Accelerates
Costco plans to open 7 new warehouses in August across Albany, Oconomowoc, Otsego, Mansfield, Celina, Stone Mountain, and Lee’s Summit as part of its 26-store 2026 expansion.
Nichirei Cyberattack Crushes 2871.T Stock 8.2% as KFC Japan Faces Closures
Nichirei stock plunges 8.2% after cyberattack disrupts frozen food logistics across Japan. KFC Japan warns of possible store closures and menu cuts due to supply chain breakdown.
Social Security 2027 COLA Projected at 3.8% as Inflation Cools, July 15
TSCL projects 3.8% Social Security COLA for 2027, raising average benefits by $73.62 monthly. Congress reintroduces Social Security 2100 Act but passage unlikely.
House GOP Ends Weeks-Long Blockade After Conservative Rebellion Over Voter ID Bill
House Republicans ended their weeks-long blockade after Speaker Johnson agreed to attach the SAVE America Act voter ID bill to appropriations legislation, allowing votes on State Department funding and veterans benefits.
IKK Classic Raises Health Insurance Surcharge to 3.85% on July 15
IKK Classic increases supplementary health insurance contribution by 0.45 percentage points to 3.85% from August 1, 2026. Employees face up to €13 monthly increase; self-employed pay up to €26 more.
DeepSeek Seeks Fresh Funding at $74 Billion Valuation Ahead of Planned China IPO
DeepSeek is back in the spotlight after reports said it is seeking fresh funding at a valuation of 500 billion yuan (about $74 billion) before a planned initial public offering (IPO) in China. The fundraising effort, reported on July 15, 2026, reflects rising investor interest in the country’s fast-growing artificial intelligence industry. As global competition…
Alphabet (NASDAQ: GOOG) Urges EU Court to Uphold Ruling That Scrapped $1.7 Billion Google Antitrust Fine
Alphabet unit Google urged the EU’s top court on Wednesday, July 15, 2026, to dismiss antitrust regulators’ appeal against a ruling that scrapped a €1.49 billion ($1.7 billion) fine. The dispute centers on Google’s AdSense advertising platform and reached the Court of Justice of the European Union after the European Commission appealed a 2024 General…