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ASX Midday: Telstra (ASX: TLS) Edges Higher as BHP (ASX: BHP) Drops Nearly 3% on $900M Iron Ore Project
ASX midday trading on July 16, 2026, showed a mixed picture across major sectors. Telstra edged higher, building on Wednesday’s close near $4.89. BHP fell nearly 3% after unveiling a $900 million iron ore investment. The S&P/ASX 200 stayed roughly flat, down 0.3% in early Asia-Pacific trading. This ASX midday session highlights how commodity spending…
Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
Hardee’s franchisee Superior Star files Chapter 11 bankruptcy on July 9, putting 59 stores at risk across 10 states due to a $7.04 million seller financing dispute and hidden liabilities from its 2023 acquisition.
South Carolina Judge Orders Podcaster Mandy Matney to Pay $176,500 for Contempt
South Carolina judge orders podcaster Mandy Matney to pay $176,500 in fines and legal fees after finding her in civil contempt for refusing to appear at a deposition in Murdaugh-related litigation.
DeepSeek Seeks Fresh Funding at $74 Billion Valuation Ahead of Planned China IPO
DeepSeek is back in the spotlight after reports said it is seeking fresh funding at a valuation of 500 billion yuan (about $74 billion) before a planned initial public offering (IPO) in China. The fundraising effort, reported on July 15, 2026, reflects rising investor interest in the country’s fast-growing artificial intelligence industry. As global competition…
Senators Introduce PROMISE Act to Prevent 22% Social Security Benefit Cut by 2032
Bipartisan senators introduce PROMISE Act to address Social Security insolvency projected for 2032. The bill would create a process for Congress to vote on a solvency plan restoring benefits for 70 million Americans.
Crypto Prices Today: Bitcoin Climbs 3.28% to $64,700 as Soft US CPI Boosts Ethereum and Solana ETF Optimism
Bitcoin rose 3.28% to around $64,700 on July 15, 2026, leading a broad rally across the cryptocurrency market after softer-than-expected US inflation data improved investor sentiment. Ethereum, Solana, and several other major digital assets moved higher as expectations for Federal Reserve rate cuts and renewed optimism around crypto ETFs encouraged fresh buying. The latest crypto…
IBM Shares Plunge 25.21% After Customers Rush Hardware Orders Ahead of Price Hikes
IBM shares crashed 25.21% on July 14, 2026, marking the stock’s worst single-day drop since 1968. The selloff followed a preliminary Q2 earnings warning. IBM posted adjusted EPS of $2.93, missing the $3.01 consensus estimate. Revenue came in at $17.2 billion, below the $17.86 billion analysts expected. CEO Arvind Krishna blamed a sudden capital expenditure…
IBM Share Slides 25.21% to $217.07: What Caused the Company’s Worst Stock Crash in Decades?
IBM shares crashed 25.21% to close at $217.07 on Tuesday, July 14, 2026. The drop marked the steepest single-day decline in the company’s history, surpassing its previous worst day during the October 1987 Black Monday crash, when shares fell 23.7%. IBM has traded on the New York Stock Exchange since 1916, making this an unprecedented…
US-Based CEOs Dominate ASX Top 10 Earners; Hulls Tops List at $47.7M
US-based CEOs now occupy half the top 10 highest-paid positions on the ASX. Life360’s Chris Hulls earned $47.7M in FY2025, nearly 500 times the average Australian wage.