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US Weighs 7.5% Tariff on China; Switzerland Could Be Hit Too
Washington considers 7.5% additional tariffs on Chinese goods over overcapacity claims. China opposes the move and threatens countermeasures. Switzerland may also face duties.
Qantas Accelerates A380 Retirement to 2028, Cuts Four Years From Phaseout Plan
Qantas will retire its Airbus A380 fleet from mid-2028, four years earlier than planned. The airline is replacing superjumbos with Boeing 787s and Airbus A321XLRs as part of a multibillion-dollar fleet overhaul.
Take-Two Stock Rises 1.8% as GTA 6 Netflix Preview Draws 260M in Preorders
Take-Two shares jump 1.8% after GTA 6’s Netflix debut draws 260M in preorders and crashes servers. Game launches November 19 for PS5 and Xbox Series X/S.
King Harald V of Norway Dies at 89 After 35 Years on Throne
King Harald V of Norway, Europe’s oldest reigning monarch, dies at 89 after 35 years on the throne. His son Haakon VIII succeeds him amid family controversies.
Samsung Galaxy S26 FE Launches With Exynos 2500, $50 Price Hike on August 27
Samsung Galaxy S26 FE launches at $699.99 with Exynos 2500 chipset, One UI 9, and enhanced camera features. Price rises $50 from S25 FE as RAM supply crisis impacts tech costs.
Autodesk (ADSK) Stock Falls 4% Despite Q2 Earnings Beat as Fiscal 2027 Guidance Disappoints
Autodesk (ADSK) stock fell about 4% on August 28, 2026, even after the company beat Wall Street estimates in its fiscal second-quarter results. Autodesk posted $2.05 billion in revenue and $3.30 in adjusted EPS, both above expectations. Investors quickly turned their attention to the fiscal 2027 outlook. The strong Q2 numbers were not enough to…
Oil Flows Through Strait of Hormuz Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Goldman Sachs said Thursday that oil flows through the Strait of Hormuz have recovered to roughly two-thirds of pre-war levels. Total Gulf exports of crude and oil products have climbed to 15 million to 16 million barrels per day. Goldman Sachs said the recovery is limiting the Iran war’s overall impact on global crude prices….
Woolworths Stops Buying Tasmanian Beef From 2027, August 28
Woolworths ends Tasmanian beef purchases from 2027 as Australian cattle producers face dual pressure from supermarket pullback and US tariff cuts flooding foreign beef into markets.
Gold Price Today: MCX Gold Falls 0.51% to ₹1,58,189 Ahead of Jackson Hole Fed Speech
MCX gold fell 0.51% to ₹1,58,189 on August 28, 2026, as investors turned cautious ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. Global spot gold remained near $4,604 per ounce after touching a three-month high of $4,696.18 earlier this week. The speech could influence expectations for US interest rates, the dollar and Treasury…