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Lego Profit Surges 32% as ‘Stronger Than Expected’ First Half Sets Up Double-Digit 2026 Growth
Lego posted a 32% jump in first-half net profit on Tuesday, August 25, 2026. The Danish toymaker reported 8.6 billion Danish kroner ($1.34 billion) in profit. CEO Niels Christiansen called results “stronger than expected across the board.” First-Half Results by the Numbers Lego generated record first-half revenue of 41.9 billion Danish kroner ($6.54 billion), up…
Tech Layoffs 2026: Apple, Netflix, TikTok and LinkedIn Slash Jobs as Industry Cuts Accelerate
Tech layoffs in 2026 have already surpassed all of 2025, with 127,180 jobs cut across 281 companies. Apple, Netflix, TikTok, and LinkedIn all announced fresh cuts this month. Apple laid off around 200 employees from its Siri, Vision Pro, and gaming teams. TikTok cut 75 more jobs in the Seattle area after slashing 250 positions…
Hanmi Pharm (KRX: 128940) Hits 30% Daily Limit on $2.3B Obesity Drug Licensing Deal with Genentech
Hanmi Pharm shares surged 30% on August 24, 2026, hitting the daily price limit after the South Korean drugmaker announced a licensing deal with Genentech worth up to $2.3 billion. The agreement covers HM17321, an experimental obesity treatment designed to reduce body fat while preserving muscle mass. Hanmi will receive $190 million upfront, while Genentech…
TVS Supply Chain Solutions Rallies 9% to ₹131 on Strategic MoU and Equity Stake by Japan’s Sankyu
TVS Supply Chain Solutions witnessed strong buying momentum on August 24, 2026. Shares surged nearly 9% to trade around ₹131. Investors reacted positively to the strategic Memorandum of Understanding signed with Japan-based Sankyu Inc. Under this alliance, Sankyu plans to acquire a 0.5% equity stake in TVS Supply Chain Solutions. The deal combines global engineering…
Trump White House Legislative Director James Braid Exits in September
White House legislative affairs director James Braid is leaving his post in September. He led Trump’s legislative agenda through Congress, including major bills and Cabinet confirmations.
AFCA Ignores Wills on Charity Gifts: Study Finds Only 11% Follow Testator Intent
AFCA distributed superannuation according to wills in only 11.2% of cases examined, blocking charitable bequests. New research calls for law reform to protect testator intent.
Block Ordered to Pay $120M CFPB Restitution for Cash App Fraud Failures
Block must pay $45M to states and $75M-$120M to Cash App users via CFPB restitution for fraud failures, account security gaps, and inadequate customer support.
Bitcoin Price Today: BTC Soars 8% to $74,982 as Crypto Rally Explodes; Ethereum, XRP Surge
Bitcoin surged 8% to $74,982 on Friday, August 21, 2026, extending a powerful weekly rally. The cryptocurrency has now climbed nearly 20% since Monday, fueled by a surprise US Treasury policy shift. Ethereum jumped toward $2,300, gaining roughly 18% in 24 hours, while XRP surged past $1.25. Total crypto market capitalization reached $2.56 trillion, up…
Tech Stocks to Watch: Alphabet Lifts 2026 Capex Forecast to $195B-205B
Alphabet is spending more to keep up with demand for artificial intelligence. On July 22, 2026, the Google parent raised its 2026 capital expenditure forecast to $195 billion-$205 billion, up from $180 billion-$190 billion. The increase comes as Google Cloud revenue jumped 82% to $24.8 billion in the second quarter. As AI demand drives higher…