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JD Sports Stock Plunges 10.98% as Retailer Cuts Profit Outlook on Weak Sales
JD Sports stock plunged 10.98% on August 20, 2026, after the sportswear retailer lowered its full-year profit outlook following weaker second-quarter sales. Group like-for-like sales fell 3.1%, while North American sales dropped 6.8%, adding pressure to the company’s growth plans. JD Sports now expects adjusted pre-tax profit of £700 million to £800 million, below its…
Moderna Soars 177% on Melanoma Vaccine Win; Merck Gains 12% on August 20
Moderna jumps 177% and Merck rises 12% after their mRNA cancer vaccine meets Phase 3 endpoints for melanoma. The combo reduced cancer recurrence and spread in over 1,100 patients.
Gaja Alternative IPO GMP Today: How Gaja Capital Is Challenging the AIF Model
Gaja Alternative IPO’s Grey Market Premium stood at ₹21 as of Thursday, August 20, 2026, 9:45 AM IST. That implies a listing price near ₹181, a 13% premium over the ₹160 upper band. The ₹550 crore issue from Gaja Capital’s asset management arm closes for subscription on August 21. Overall subscription remained modest at 0.30…
Ben Carroll Locks in Royal Commission on Construction Corruption August 20
Victorian Premier Ben Carroll establishes royal commission into construction sector corruption on August 20, investigating organised crime and CFMEU infiltration of Big Build projects.
KPMG Cuts 500 Staff, Spares Audit Team Amid Scandal Fallout
KPMG Australia axes 500 staff including 50 partners after audit scandal. Audit division spared despite being central to misconduct. Treasury considers breaking up Big Four.
Japan’s Defense Minister Visits Australia and India for Missile Testing Talks, August 19
Japan’s Defense Minister Shinjiro Koizumi visits Australia and India to agree on SDF missile testing on Australian ranges and discuss Mogami-class frigate exports, strengthening Indo-Pacific defense ties.
Trump Threatens Oman, Iran War Deal Expires August 19
Trump’s 60-day Iran deal expires without progress. He threatens to bomb Oman and claims the Strait of Hormuz as U.S. territory as oil prices surge and shipping halts.
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…
XRP vs Stablecoins in 2026: USDT Hits $182.98 Billion, USDC Tops $71.96 Billion Can XRP Compete?
As of August 18, 2026, stablecoins continue to account for a large share of crypto’s dollar-based liquidity. USDT is near $183 billion, while USDC is around $72 billion in market value. XRP, by comparison, trades near $1, with a market capitalisation of roughly $62 billion. Still, an XRP vs stablecoins comparison is not only about…