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Former DJ Daniel Ong Closes Dan’s Steaks After 6 Years, Cites Rising Costs
Former radio DJ Daniel Ong to shut Dan’s Steaks’ final outlet at Serangoon Gardens within months, citing rising operating costs and six-figure debt accumulated from earlier closures.
Audi Q9 Launches as Volkswagen Seeks U.S. Sales Rebound
Audi launches Q9 full-size SUV at 5.31 meters long with V6 diesel and 591 hp SQ9 variant. Flagship arrives as U.S. sales plummet 30% amid EV bet failure and tariff pressure.
Costco Agrees to $14M Settlement Over Misleading Email Promotions
Costco settles $14M class action lawsuit over misleading promotional emails sent to Washington residents. Eligible customers can claim a share by August 24, 2026.
Hermès (EPA: RMS) Shares Sink 10.59% as EPS Miss at €21.32 Overshadows €3.35B Profit Beat
Hermès shares plunged as much as 10.59% on Wednesday, July 29, 2026. The drop came despite the French luxury house posting €3.4 billion in operating income for H1 2026. Diluted earnings per share came in at €21.32, down slightly from €21.39 a year earlier. A Q2 revenue miss and persistent China weakness drove the sharp…
US Stock Market: Nasdaq Futures Slip as KOSPI Plunges Nearly 6%, S&P 500 Futures Rise 0.2%
Stock Market futures showed a split reaction Wednesday, July 29, 2026, as Asian chip stocks tumbled. South Korea’s KOSPI plunged nearly 6%, dragged down by a disappointing SK Hynix earnings report. S&P 500 futures edged up 0.2%, while Nasdaq-100 futures slipped slightly. Iran’s resumed attacks on regional targets also lifted oil prices overnight. KOSPI Plunges…
Intact Financial Corp. Reports Lower Q2 Profit as Insurance Revenue Increases
On July 28, 2026, Intact Financial Corp. reported lower second-quarter profit even though insurance revenue continued to rise. Higher premium income was not enough to offset increased catastrophe losses and rising claims costs. Investors are paying closer attention to profitability rather than revenue growth alone as the insurer deals with a more challenging claims environment. …
American Airlines Technology Outage Triggers Flight Delays at Miami and Fort Lauderdale
American Airlines grounded flights nationwide Tuesday evening, July 28, 2026, after a technology issue disrupted its operational systems. The FAA issued an advisory holding all American Airlines flights not already airborne. Miami International and Fort Lauderdale-Hollywood International airports bore the brunt of the disruption. American Airlines confirmed the ground stop on social media, saying its…
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.
Vanguard Quietly Builds Nearly $1 Billion Strategy Stake Despite Bitcoin ETF Stance
Vanguard has increased its stake in Strategy Inc by $50 million, pushing its holding close to $1 billion. The asset manager now holds roughly 10.5 million shares of the Bitcoin treasury company. This comes despite Vanguard’s long-standing refusal to offer spot Bitcoin ETFs on its brokerage platform. The firm’s exposure stems from passive index tracking,…