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Costco Canada Recalls Alfa Croissants Over Mould Risk on August 5
Costco Canada recalls Alfa Croissants 24-packs due to mould risk in lot codes 10726 and 08626. Affected products sold June-July 2026 at Costco Business Centres. Full refunds available.
FTSE 100 (^FTSE) Rises 0.41% as U.S.-Iran Hormuz Deal Nears; DAX (+0.49%), CAC 40 (+0.12%) Advance
On 5 August 2026, European stock markets traded higher as expectations grew that the United States and Iran were moving closer to an agreement to restore safe shipping through the Strait of Hormuz, one of the world’s busiest oil routes. The FTSE 100 climbed 0.41%, Germany’s DAX gained 0.49%, and France’s CAC 40 added 0.12%….
Chevron Falls 1.4% as Trump Attacks Oil Windfall Profits on August 5
Trump attacks Chevron and ExxonMobil for record profits from Iran conflict, demanding price cuts. Chevron Q2 profit surged 400% to $12.1B as gas prices hit $4.10/gallon.
Ola Electric Shares Surge 10% as 20 GWh Battery Energy Storage Partnership With Axis Energy Boosts Growth
On August 5, 2026, Ola Electric shares climbed nearly 10% after the company announced a partnership with Axis Energy to deploy up to 20 GWh of Battery Energy Storage Systems (BESS) by 2032. The agreement takes Ola into India’s fast-growing utility-scale energy storage business, expanding its focus beyond electric scooters. With demand for renewable energy…
Suncor Energy Inc. Reports C$3.7 Billion Profit on Strong Refining Performance
On August 4, 2026, Suncor Energy Inc. reported a quarterly profit of C$3.7 billion, beating market expectations even as oil production declined. The company’s refining business delivered record results and made up for maintenance-related disruptions at its oil sands operations. The quarter showed how strong refining margins can support earnings when upstream production slows. So,…
SpaceX’s Q2 Results Impress Wall Street, Shares Fall on AI Spending Concerns
SpaceX delivered its first earnings report as a public company on August 4, 2026, posting $7.81 billion in Q2 revenue against a $6.93 billion analyst consensus. Revenue jumped 92% year-over-year from $4.1 billion. Despite the beat, shares dropped about 8% in after-hours trading as investors focused on soaring AI infrastructure spending rather than the strong…
Polymarket Targets $20 Billion Valuation in New $1 Billion Funding Round
Polymarket is in early talks to raise about $1 billion at a valuation exceeding $20 billion, Bloomberg reported on August 4, 2026. The prediction market platform closed its previous round in April at a $15 billion valuation, backed partly by a $600 million investment from Intercontinental Exchange, parent of the New York Stock Exchange. The…
Holidays Disrupted as 11 UK Travel Companies Collapse in Recent Months
UK travel firms have collapsed at an alarming rate in 2026. Since January, 11 operators have entered liquidation or ceased trading, according to industry reports. The wave spans coach tours, cruise specialists, and flight-and-hotel package providers. Thousands of holidaymakers now face cancelled trips and refund battles, while the sector confronts its sharpest instability in years….
Australian Shares Set to Rise as Oil Prices Tumble and Wall Street Climbs
On August 5, 2026, Australian shares looked set to open higher after Wall Street reached fresh record highs and oil prices fell sharply. The drop in crude eased inflation concerns and lifted investor confidence across global markets. Strong earnings from major U.S. companies added to the positive mood. As trading gets underway on the ASX,…