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State Farm Issues $5 Billion Dividend to 49M Auto Policyholders on August 18
State Farm is sending $5 billion in dividend payments to auto insurance customers. Eligible policyholders with coverage in 2025 can receive 4-10% of their premiums back. Average payout is $100 per vehicle.
Global Bond Yields Hit 30-Year Highs on August 19 as Oil Soars Past $91
Global bond yields surge to 30-year highs as Middle East tensions spike oil to $91/barrel and stall U.S.-Iran peace talks. Japan’s 10-year yield hits highest level since 1996.
CSL Shares Jump 17% After FY26 Reset; Meyka Grades Stock B on August 19
CSL shares jumped 17% after reporting a AUD 10 billion write-down on Vifor but signaling recovery. FY2027 revenue expected flat, underlying earnings to grow 5%. Meyka grades CSL a B.
Royal Navy Port Security Exposed: Ex-Defence Minister Flies Over Carriers Unchallenged
Ex-defence minister Tobias Ellwood flew over UK aircraft carriers in Portsmouth unchallenged, exposing gaps in Royal Navy port security and air defence capabilities amid growing drone threats.
CBA Overhauls Loyalty Program: 9 Million Customers Shift to Yello Points on October 1
Commonwealth Bank launches Yello rewards program on October 1, affecting 9 million customers. New scheme favors Virgin Velocity over Qantas points and rewards bundled banking products.
Canada’s Fuel Excise Tax Set to Return Sept. 7; Poilievre Pushes Extension to 2027
Poilievre urges Carney to extend Canada’s fuel excise tax pause until Canada Day 2027. The 10-cent-per-litre break expires Sept. 7. Gas prices up 25.7% year-over-year.
Stellantis Recalls 955,000 Vehicles Over Camera Software Flaw on August 18
Stellantis recalls 955,000 Chrysler, Jeep, Dodge and Ram vehicles over rearview camera software glitch. Fix via over-the-air update. No injuries reported.
Nike Stock Hits 12-Year Low at $39.09 on August 18, 2026
Nike stock hits 12-year low at $39.09 on August 18, 2026, down 78% from 2021 peak. China revenue fell 11%, direct sales dropped 6%, and analyst outlook remains bleak.
Oil Prices Today: Brent Jumps to $91.30, WTI Hits $85.31 as U.S.-Iran Peace Hopes Fade and Hormuz Risks Rise
Oil prices moved higher on August 18, 2026, with Brent crude trading above $91 a barrel and WTI near $85 as hopes for a U.S.-Iran peace deal weakened. The Strait of Hormuz remains a major concern for traders, as limited tanker traffic could tighten global energy supplies. Iran has taken a harder stance, while the…