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Harvey Norman Copped $35M Fine Over Misleading Ads on July 29
Harvey Norman ordered to pay $35 million penalty after Federal Court found its 60-month interest-free ads masked mandatory credit card fees. Latitude Financial pays $20 million. Combined $55 million is ASIC’s record for misleading financial product marketing.
ABC Investigation Finds Chinese Tomatoes Mislabeled as Australian in Leggo’s, Coles Products
ABC investigation reveals Leggo’s, Coles, and Aldi sold Chinese-grown tomatoes labeled as Australian or Italian. Forensic testing by Source Certain found Xinjiang origins in some products.
Hong Kong High Court Judge Wilson Chan Ordered to Retire Over Judicial Plagiarism
High Court Judge Wilson Chan Ka-shun retires early on July 31 after Chief Justice Andrew Cheung found him guilty of judicial plagiarism at least five times since 2023, striking at judicial independence.
Vanguard Quietly Builds Nearly $1 Billion Strategy Stake Despite Bitcoin ETF Stance
Vanguard has increased its stake in Strategy Inc by $50 million, pushing its holding close to $1 billion. The asset manager now holds roughly 10.5 million shares of the Bitcoin treasury company. This comes despite Vanguard’s long-standing refusal to offer spot Bitcoin ETFs on its brokerage platform. The firm’s exposure stems from passive index tracking,…
Cyclospora Outbreak Hits 1,947 Cases as Federal Food Safety Cuts Hamper Response
Cyclospora outbreak reaches 1,947 cases across nine states. Federal food safety cuts have eliminated tracking of the parasite and other deadly pathogens, raising concerns about future outbreaks.
Best High ROE Tech Stocks With Strong Growth Potential in 2026
Return on Equity (ROE) is one of the first metrics many investors check when assessing technology stocks in 2026. With artificial intelligence, cloud computing, and semiconductor demand driving earnings, companies that generate strong returns from shareholder capital continue to attract attention. In July 2026, several major tech firms reported solid profits even as they increased…
Social Security 2027 COLA Set at 3.9%: What $78 More Monthly Means for 70M Beneficiaries
Social Security beneficiaries will receive a 3.9% COLA increase in 2027, boosting a $2,000 monthly check to $2,078. The adjustment reflects higher inflation but strains the program’s finances ahead of a projected 2032 trust fund depletion.
Supreme Court Strips Independent Agencies of Firing Protection, July 24
Supreme Court’s Trump v. Slaughter ruling lets the president fire independent agency heads without cause, overturning Humphrey’s Executor. Federal Reserve kept its independence in Trump v. Cook.
Seven-Eleven Japan Warns Stores Over Staff Reselling Pokemon Cards, July 24
Seven-Eleven Japan warned franchise stores after employees and owners hoarded and resold Pokemon cards and anime merchandise. Legal experts say criminal charges are unlikely, but contract termination is possible.