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Harvey Norman Copped $35M Fine Over Misleading Ads on July 29
Harvey Norman ordered to pay $35 million penalty after Federal Court found its 60-month interest-free ads masked mandatory credit card fees. Latitude Financial pays $20 million. Combined $55 million is ASIC’s record for misleading financial product marketing.
Appleton Tornado Leaves 3 Cities in Emergency Mode on July 27
EF-2 tornado with 124-135 mph winds hit Appleton and Menasha, Wisconsin on July 27. Three cities declared emergencies. No deaths reported but widespread damage to homes and power lines.
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,…
Nikkei 225 Slides nearly 4% as Samsung and SK Hynix Lead Global Chip Stock Selloff
Nikkei 225 slid nearly 4% Tuesday, dragged lower by a global chip stock selloff. Japan’s benchmark index fell to 62,350.18, its weakest level since late May. Samsung Electronics tumbled as much as 13.4%, while SK Hynix dropped up to 14%. South Korea’s Kospi index plunged 10.5% to 6,051.19, triggering a trading suspension. Concerns over AI…
Best High ROE Tech Stocks With Strong Growth Potential in 2026
Return on Equity (ROE) is one of the first metrics many investors check when assessing technology stocks in 2026. With artificial intelligence, cloud computing, and semiconductor demand driving earnings, companies that generate strong returns from shareholder capital continue to attract attention. In July 2026, several major tech firms reported solid profits even as they increased…
Oil Prices Drop Over 4% as US and Iran Ease Tensions
On July 27, 2026, oil prices fell by more than 4% after signs emerged that tensions between the United States and Iran were easing. The shift reduced concerns about major supply disruptions in the Middle East. Brent crude and West Texas Intermediate (WTI) both gave back recent gains as traders adjusted their positions following the…
Daniel Grollo Bankrupt After Grocon’s $104M Collapse: What Happens Next
Former Grocon CEO Daniel Grollo declared bankrupt after $104M corporate collapse. His Manhattan penthouse forfeited. Settlement with NSW reached in 2024 but insufficient to cover debts.
School Bus Driver Left Child Stranded 50 Minutes in Oita, July 26
A special education school bus driver in Oita Prefecture left a student inside for 50 minutes after failing to check the vehicle. The child used hazard lights to get rescued.
Australia’s New CGT Rules Create $500,000 Tax Trap for Retirees July 25
Australia’s new capital gains tax rules remove the 50% discount and replace it with inflation indexation, creating a $500,000 tax trap for unwary retirees and investors. The change breaks tax parity with dividend income.