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Nike Stock Drops 4% to 12-Year Low Below $40 as Downgrades and Weak Sales Raise Turnaround Risks
Nike stock faced fresh selling pressure on August 17, 2026, falling about 4% and moving below the $40 mark. The shares touched around $38.85, their lowest level since 2014. Weak sales, softer footwear demand, and new analyst downgrades have added to concerns about Nike’s turnaround. Investors are now watching to see whether the sportswear giant…
Alibaba (NYSE: BABA) to Sell Lingxi Games to Trustar Capital in Deal Worth Over $2 Billion
Alibaba Group Holding Limited agreed on August 17, 2026, to sell its gaming arm, Lingxi Games, to Trustar Capital. The deal values the gaming unit at above $2 billion. Alibaba shares rose 1.25% to trade near $84.50 following the announcement. This transaction aligns with the tech giant’s strategy to shed non-core assets and focus on…
Prichard Colón Dies at 33, 11 Years After Illegal Blows in 2015 Fight
Prichard Colón, a promising Puerto Rican boxer, has died at 33 after spending 11 years in care following a 2015 fight injury that left him with permanent brain damage and a 221-day coma.
Bitcoin Today: BTC Stabilizes Near $63,500 as CPI Falls to 3.4%
Bitcoin traded near $63,605 on Thursday, August 13, 2026, holding steady after cooling US inflation data. The Consumer Price Index rose just 0.1% in July, pushing annual inflation down to 3.4% from 3.5%. Bitcoin barely reacted, closing Wednesday at $63,402, down only 0.24%. The cryptocurrency remains locked in a tight consolidation range between $63,600 and…
Meta Removes 756,000 Australian Teen Accounts as Under-16 Social Media Ban Enforcement Tightens
Meta has removed more than 756,000 Australian accounts suspected of belonging to users under 16. The Facebook and Instagram owner confirmed the total on Thursday, August 13, 2026. That figure includes 462,000 Instagram accounts and 294,000 Facebook accounts. Meta shares (NASDAQ: META) closed at $578.27 on Wednesday, down from $599.64 a day earlier. Australia’s world-first…
Tencent Q2 Profit Misses Estimates at RMB56 Billion as AI Spending Rises, Revenue Jumps 11% to RMB204.8 Billion
Tencent reported second-quarter 2026 results Wednesday, missing profit estimates as AI spending surged sharply. Net profit attributable to equity holders reached RMB56.0 billion, up just 0.7% year-over-year. That figure fell roughly 4% short of the RMB58.5 billion analyst consensus. Revenue climbed 11% to RMB204.8 billion, beating expectations of RMB202.7 billion for the quarter. Tencent Q2…
Anthropic Strikes $9.1 Billion AI Cloud Deal With Riot Platforms to Expand Claude Computing Capacity
Anthropic has struck a $9.1 billion, 20-year computing deal with Riot Platforms Inc. to expand capacity for its Claude AI models. The agreement covers 191 megawatts of IT capacity at Riot’s Rockdale, Texas campus, enough to power roughly 143,000 homes. Riot Platforms shares surged over 25% in after-hours trading Monday, August 10, 2026, after Bloomberg…
Costco Canada Recalls Alfa Croissants Over Mould Risk on August 5
Costco Canada recalls Alfa Croissants 24-packs due to mould risk in lot codes 10726 and 08626. Affected products sold June-July 2026 at Costco Business Centres. Full refunds available.
Suncor Energy Inc. Reports C$3.7 Billion Profit on Strong Refining Performance
On August 4, 2026, Suncor Energy Inc. reported a quarterly profit of C$3.7 billion, beating market expectations even as oil production declined. The company’s refining business delivered record results and made up for maintenance-related disruptions at its oil sands operations. The quarter showed how strong refining margins can support earnings when upstream production slows. So,…