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Australia’s New Super Tax Hits High Earners From July 1: What Retirees Need to Know
Australia’s new Division 296 superannuation tax from July 1, 2026 hits high-balance retirees with 30-40% rates. Affects 90,000 people with balances over $3 million. Capital gains tax and negative gearing changes also take effect July 2027.
Intel (NASDAQ: INTC) Stock Jumps 6% as Strong Forecasts Signal AI-Driven Turnaround
Intel stock surged as much as 6% in after-hours trading Thursday, July 23, 2026. The jump followed second-quarter results that crushed Wall Street estimates. Revenue hit $16.1 billion, up 25% year-over-year, the fastest growth since 2011. Adjusted EPS came in at 42 cents versus the 21 cents analysts expected. Strong third-quarter guidance added further fuel…
discoverIE Group (LSE: DSCV) Shares Soar 12% as Strong Q1 Orders and Sales Beat Expectations
discoverIE Group shares jumped 12% on Friday, July 24, 2026, after a strong Q1 trading update. Group orders rose 31% organically, while sales climbed 6% organically. The book-to-bill ratio stood at 1.15, signaling robust future demand. Shares moved from around 685p to near 767p following the announcement. Full-year adjusted earnings are now tracking ahead of…
Indian Banks to Launch CKYC 2.0 in August for Faster Customer Verification
Indian banks will start rolling out CKYC 2.0 in August 2026, introducing a major update to customer verification across the financial sector. The new system is designed to cut down on repeated KYC submissions by allowing customers to use a single verified profile with participating financial institutions. It also brings faster digital verification and consent-based…
Volkswagen Profit Falls 33% as China Competition Intensifies
Volkswagen reported a sharp drop in earnings on July 24, 2026, as tougher competition in China continued to weigh on its business. The German automaker said profit fell 33%, driven by weaker vehicle sales, intense price competition, and growing pressure from local electric vehicle (EV) manufacturers. The latest results also led Volkswagen to lower its…
HSBC (LSE: HSBA) to Sell Singapore Insurance Unit for £1.6B, Signs 15-Year Allianz Partnership
HSBC agreed to sell its Singapore life and health insurance business to Allianz on July 24, 2026. The deal values HSBC Life Singapore at S$2.7 billion, or roughly £1.6 billion. It will also enter a 15-year exclusive bancassurance partnership with the German insurer. The transaction generates a pre-tax gain of $1.8 billion and lifts HSBC’s…
Intel Stock Rallies 4% on Q2 Earnings Beat, AI Demand Surge July 24
Intel shares jump 4% after Q2 earnings beat with $16.1B revenue, 25% growth, and upbeat Q3 guidance. AI demand for server CPUs drives fastest revenue growth since 2011.
Intel Stock Soars After Fastest Revenue Growth in Nearly 15 Years
Intel stock surged after the chipmaker posted its strongest quarterly revenue growth in more than 15 years. Second-quarter 2026 revenue reached $16.1 billion, up 25% year-over-year, crushing the $14.42 billion consensus estimate. Adjusted earnings per share came in at 42 cents, doubling Wall Street’s 21-cent forecast. Intel stock initially jumped 13% in after-hours trading Thursday…
EPFO Warns Against Shifting Provident Fund Savings Into Mutual Funds
EPFO issued a clear advisory on Thursday, July 23, 2026, urging employees not to withdraw provident fund savings solely to invest in mutual funds. The retirement body stated that EPF and mutual funds serve fundamentally different financial goals. Posting on social media platform X, EPFO used the tagline “EPF is enough for the wise” to…