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Nike Stock Hits 13-Year Low as Q1 Revenue Misses, Layoffs Loom
Nike shares plunge 9% to 13-year low after Q1 revenue miss and weak FY2027 outlook. Company plans $2.5B cost cuts and layoffs starting 2027.
ANZ Drops KPMG as Auditor After 57 Years Amid Scandal
ANZ ends 57-year audit relationship with KPMG, worth A$29 million annually, as the accounting firm faces fallout from whistleblower allegations over confidential data misuse.
Tesla Model 3 RWD Hits $45,900 in Australia, Undercuts BYD by $7,090
Tesla’s new Model 3 RWD costs $45,900 AUD, $9,000 less than the Premium variant, and becomes Australia’s cheapest electric sedan. Deliveries start mid-to-late October 2026.
New York Attorney General Takes Over Cornell Gang Rape Case From Local Prosecutor
NY Attorney General Letitia James appointed special prosecutor in Cornell gang rape case after local DA declined to prosecute. Governor Hochul cites failures in police investigation and prosecution.
US Deploys Third Aircraft Carrier to Middle East as Oil Surges October 2
US deploys third aircraft carrier to Middle East with 9,000 troops by November. Brent crude jumps 4.4% to $102.31 as Trump hints at post-election Iran strikes.
Tony Burke’s Student Visa Overhaul: $1,200 Fee and 12-Month Transfer Ban Start October 2
Australia’s student visa rules tighten October 2: $1,200 course change fee, 12-month transfer ban, and restrictions on family sponsorship. Home Affairs Minister Tony Burke’s overhaul targets visa hopping and aims to cut migration.
WA Police Ban Activists From Land Forces Expo Security Zone October 2
WA police ban climate activists from Land Forces Expo security zone in Perth using new powers. Six activists received ban letters. Event runs October 6-8 with 10,000 expected visitors.
Social Security Benefits Jump 3.5% in 2027: What Retirees Get on October 14
Social Security benefits are projected to rise 3.5% in 2027, raising the average monthly payment from $1,941.76 to $2,009.72. The SSA will confirm the official figure on October 14.
T.J. Maxx Closes 3 Stores in 2026 While Adding 15 Nationwide
T.J. Maxx closed stores in Boston and Maryland in 2026, but TJX added 15 net locations this year. The closures are targeted lease expirations, not a nationwide shutdown.