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HSBC Profit Soars 60% to $10.1B; Announces $1B Buyback on August 4
HSBC’s Q2 pretax profit jumps 60% to $10.1B, beating estimates. Bank plans $1B buyback and 10-cent dividend as net interest income rises 9%.
SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
Apple Escalates Legal Battle With OpenAI, Seeking Injunction Over Alleged Trade Secret Misuse by Former iPhone Engineers
On August 4, 2026, Apple intensified its legal dispute with OpenAI by asking a U.S. court to issue a preliminary injunction in its trade secrets lawsuit involving former iPhone engineers. Apple alleges that confidential information could be used to support OpenAI’s expanding hardware plans. OpenAI rejects the claims. The case comes as competition in AI-powered…
Rabobank to Invest €2 Billion in AI and Technology Over Three Years as Net Profit Remains Flat
On August 4, 2026, Rabobank announced plans to invest €2 billion in artificial intelligence, data, and technology over the next three years, even as its first-half net profit remained unchanged at €2.69 billion. The investment comes as large European banks continue to spend more on digital capabilities despite pressure on earnings. Rabobank wants to use…
South Korea’s Kospi Tumbles 5% on AI Chip Fears, Reversing Friday’s Record Rally
South Korea’s Kospi index fell 5% on August 3 after a record 17.9% rally Friday, as Samsung and SK Hynix dropped 9% each. Leverage-fueled selling and AI spending concerns drove the reversal.
Shein Targets $30B to $40B Valuation for Hong Kong IPO, with Listing Expected as Early as Mid-August
Shein is getting closer to its long-awaited public listing, with plans to launch its Hong Kong IPO as early as mid-August 2026. The fast-fashion company is reportedly seeking a valuation of $30 billion to $40 billion, well below the $98.2 billion private valuation it achieved in 2022. The lower target reflects a more cautious market…
Indian Stock Market Today: SENSEX Rises 200+ Points, NIFTY 50 Near 24,600 After CAS Rollout; Ather Energy Surges, Nazara Slips
On August 4, 2026, Indian stock market traded in positive territory as investors reacted to the second day of the Closing Auction Session (CAS) on the National Stock Exchange. The BSE Sensex gained more than 200 points, while the Nifty 50 held close to 24,600 despite some late-session swings. Among individual stocks, Ather Energy extended…
Apple Restores Telegram to App Store After Guideline Breach; Developer Removed Violating Content and Banned User
Apple briefly removed Telegram from the App Store worldwide on Monday, August 3, 2026. The company said a routine review found content violating its guidelines against child sexual abuse material. Telegram acted quickly, removing the flagged content and banning the responsible user. Apple restored the messaging app within hours of the initial takedown. Apple’s Telegram…
US and Japan Jointly Support Yen as Dollar Hits 40-Year High on August 4
US Treasury and Japan jointly intervened to support the yen after it hit a 40-year low. Treasury Secretary Bessent seeks Fed help to expand dollar access for future support.