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Michigan Governor Race Set: Benson Faces Trump-Backed James in Fall Showdown
Michigan Secretary of State Jocelyn Benson won the Democratic primary for governor on August 4, while Trump-backed Rep. John James won the GOP nomination. The two will compete in November to replace term-limited Gov. Gretchen Whitmer.
Beazley (LSE: BEZ) Profit Falls 53% Ahead of £8.1B Zurich Takeover; Shareholders to Receive £13.35 Per Share
Beazley posted a 53% drop in first-half pretax profit on August 5, 2026. The London-based specialty insurer generated $237.7 million, down from $502.5 million last year. Despite the earnings decline, shareholders await a recommended £8.1 billion takeover by Zurich Insurance Group. Under agreed terms, investors receive £13.35 per share before the transaction closes later this…
Arista Networks (NYSE: ANET) Surges 13% After Q2 Earnings Beat; Revenue Tops $3.04B, Outlook Raised
Arista Networks stock surged over 13% on August 5, 2026, following outstanding Q2 earnings. The networking leader delivered record quarterly revenue of $3.04 billion, representing 37.7% year-over-year growth. Adjusted earnings per share reached $1.02, easily beating Wall Street estimates of $0.88. Strong cloud demand pushed management to raise full-year performance targets. Record Quarter Driven by…
Australia’s Housing Market Slides 5% as NAB Slashes Forecast; Buyers Freeze
NAB forecasts Australian capital city house prices to fall 5% in 2026, with Sydney down 10% and Melbourne down 9%. Buyer activity has collapsed as sellers rush to list before prices slide further.
Arrest Warrant Issued for Lim Tean After He Fails to Surrender on August 3
An arrest warrant has been issued for Lim Tean after he failed to surrender at Singapore’s State Courts on August 3 to begin serving a three-month-and-one-week jail sentence for practising law without a valid certificate.
LIC (NSE: LICI) Falls as India Plans to Sell Up to 6.5% Stake at ₹382 Per Share, Targeting ₹314 Billion ($3.3B)
LIC shares fell Tuesday, August 4, 2026, after the government launched a major stake sale. India will offload up to 6.5% of Life Insurance Corporation at a floor price of ₹382 per share. The Offer for Sale could raise roughly ₹31,000 crore, or about $3.3 billion. The floor price represents a 10% discount to Monday’s…
Trump’s DOJ Meddling Backfires: Comey Case Imperiled, AG Nominee at Risk
Trump’s attempts to control DOJ investigations into political opponents have backfired, imperiling the Comey case and jeopardizing his attorney general nominee’s confirmation.
Itochu Posts Record Q1 Profit of ¥293.7B, Launches ¥300B Buyback on August 3
Itochu (8001.T) posts record Q1 net profit of ¥293.7B, up 3% YoY, and launches ¥300B share buyback. Core earnings surge 38%. Meyka rates stock A- with Buy recommendation.
Hughes Files Chapter 11 as $1.5B Debt Comes Due; DISH Faces Restructuring
Hughes Satellite Systems files Chapter 11 bankruptcy with $1.5B debt due. EchoStar subsidiary lost 59,000 broadband subscribers in Q2 as Starlink competition intensifies. DISH parent company restructuring continues.