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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.
RBA’s Bullock Signals Fourth Rate Hike as Housing Market Softens on July 29
RBA Governor Michele Bullock signals potential fourth rate hike in August while acknowledging housing weakness. Underlying inflation sits at 3.6%, above the RBA’s 2-3% target. Markets now price August hike at just 21% probability.
FTSE 100 Rises 0.22% as Markets Recover From Chip Sell-Off, Middle East Risks Persist
On July 28, 2026, the FTSE 100 advanced 0.22%, bouncing back after a sharp global sell-off in semiconductor stocks unsettled investors earlier in the week. Strong corporate earnings and bargain buying helped support the UK’s benchmark index, while tensions in the Middle East continued to keep traders cautious. Investors are weighing encouraging company results against…
10Y Treasury ~4.62% as Oil Slides; Yield Curve Holds Positive Slope (30Y ~5.11%)
The 10-year Treasury yield eased to roughly 4.62% on July 28, 2026, pulling back from last week’s highs. Brent crude fell to $86.58 a barrel, down 1.54% on the day, as hopes grew for renewed US-Iran talks. The 30-year Treasury yield slipped to 5.111%, while the 2-year fell to 4.301%. Despite the pullback, the Treasury…
Hindustan Unilever (NSE: HINDUNILVR) Shares Sink 6% Despite 10% Revenue Growth in Q1 FY27
On July 28, 2026, Hindustan Unilever Ltd. (NSE: HINDUNILVR) reported a 10% year-over-year increase in revenue for the first quarter of FY27, delivering one of its strongest quarterly sales performances in recent years. Even so, the stock slipped nearly 6% as investors looked past the top-line growth and focused on lower profit and pressure on…
Solana (SOL) Price Prediction 2026: Is SOL Ready for a Breakout Above $80?
Solana is trading near $73 to $76 on Tuesday, July 28, 2026. The token holds a market capitalization of roughly $43 billion, ranking seventh among all cryptocurrencies. SOL remains capped below its key $80-$81 resistance zone this week. A confirmed breakout above that level could reopen the path toward $97 and beyond. Where Solana Stands…
Infosys, TCS, Coforge Lead NIFTY IT 4% Higher as Investors Return to Beaten-Down Tech Stocks
The NIFTY IT index surged as much as 3.85% on Tuesday, July 28, 2026, with all 10 constituent stocks trading higher. Coforge led the rally, jumping 9.26% to ₹1,670.00 after reporting stronger-than-expected quarterly results. Infosys gained 3.28% to ₹1,114.60, while TCS, Tech Mahindra, and HCLTech also posted solid gains. The index has now rallied 13%…
New Zealand Shares Unchanged While Asian Equities Retreat on Semiconductor Stock Sell-Off
On July 28, 2026, New Zealand shares held steady while most Asian stock markets slipped during a broad semiconductor sell-off. Sharp declines in major chipmakers across Japan, South Korea, and Taiwan weakened investor sentiment and renewed concerns about technology stock valuations. Even as regional markets struggled, New Zealand remained relatively stable. So, what helped the…
Google Faces Up to $10 Billion in EU Damages Claims After Landmark Antitrust Loss
Google now faces private lawsuits seeking up to $10 billion in damages across Europe. The wave follows a €1 billion Digital Markets Act fine, the first ever issued under that law. Regulators penalized Google for favoring its own services and blocking cheaper app payment options. Alphabet shares closed at $326.56 on July 27, 2026, up…