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Diageo (LON: DGE) Unveils $1 Billion Cost-Cutting Plan as Operating Profit Drops 27.2% Despite $19.64 Billion Sales
On 6 August 2026, Diageo (LON: DGE) announced a $1 billion cost-cutting plan after reporting a 27.2% fall in operating profit, even though annual sales reached $19.64 billion. The world’s largest spirits company is dealing with weaker demand for premium drinks across several major markets, prompting a fresh approach to its business. Even with lower…
Gold Price Today: MCX Gold Surges Above ₹1.49 Lakh; 24K Gold Reaches ₹1,49,730 as Brent Crude Slips to $79.32
Gold price in India crossed ₹1.49 lakh per 10 grams on Thursday, August 6, 2026. 24-karat gold reached ₹1,49,730, up from ₹1,44,220 recorded on August 1. This rally tracks global bullion strength, as spot gold hit a seven-week high. Brent crude moved in the opposite direction, slipping to $79.32 per barrel the same day. Gold…
Samsung, SK Hynix Face Pressure to Increase Buybacks and Dividends as AI Cash Hits $263B
On 6 August 2026, Samsung Electronics and SK Hynix faced growing calls from investors to raise share buybacks and dividends as their combined cash reserves are expected to reach about $263 billion by the end of the year. Strong demand for advanced memory chips used in artificial intelligence has driven record earnings for both companies….
Rational AG (FRA: RAAG) Rises as Q2 Net Profit Climbs 15% to €73.1M; U.S. Tariff Refund Lifts Margins
On 6 August 2026, Rational AG (FRA: RAAG) reported strong second-quarter results, with net profit rising 15% year over year to €73.1 million. Revenue also moved higher, while a one-time U.S. tariff refund pushed the company’s operating margin above market expectations. Even with higher trade and operating costs, Rational continued to improve profitability. Investors are…
JAL and ANA Cut International Fuel Surcharges in September 2026
Japan Airlines (JAL) and ANA cut international fuel surcharges in September 2026 as oil costs decline. Passengers on international routes will pay less starting next month.
IN Stock Market Today: Sensex Jumps Over 200 Points, Nifty Hits New High
On 6 August 2026, India’s stock market remained firm as the Sensex climbed more than 200 points and the Nifty reached a fresh high, helped by strong buying in banking and IT stocks. Better-than-expected corporate earnings, steady foreign investment, and improving global sentiment kept investors confident throughout the session. The rally also reflected optimism about…
Hormuz Oil Route Remains Strong as UAE Boosts Crude Exports
On 5 August 2026, global oil markets received encouraging news as crude shipments through the Strait of Hormuz continued without major disruption despite regional tensions. At the same time, the United Arab Emirates increased crude exports by making full use of its production capacity and established export routes. Nearly one-fifth of the world’s seaborne oil…
Roblox Stock Slides 71% in a Year as Investor Confidence Continues to Fade
Roblox stock has collapsed 71.53% over the past year, closing at $36.19 on August 5, 2026, down sharply from its 52-week high of $142.00. The steepest drop came on July 31, when shares plunged roughly 29% after second-quarter bookings growth slowed to just 8%. Roblox also withdrew its full-year 2026 outlook, citing safety-driven uncertainty. Mandatory…
Jetstar Charges Up to A$52 for Overhead Bags From February 2027
Jetstar will charge A$25 to A$52 for overhead carry-on bags from February 2027. Passengers get one free under-seat bag. The 7kg limit is scrapped in favour of size restrictions.