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CBA Shifts 9M Customers to Virgin Rewards as Qantas Points Lose Value
Commonwealth Bank relaunches loyalty program with Yello points on October 1, favoring Virgin Velocity over Qantas. 9 million customers now earn points on home loans, savings, and insurance alongside credit cards.
State Farm Issues $5 Billion Dividend to 49M Auto Policyholders on August 18
State Farm is sending $5 billion in dividend payments to auto insurance customers. Eligible policyholders with coverage in 2025 can receive 4-10% of their premiums back. Average payout is $100 per vehicle.
BHP Profit Jumps 30% on Copper Boom; Shares Rise 2.7% on August 19
BHP posts $13.8B profit, up 30%, as copper becomes top earner. Shares jump 2.7%. Highest dividend in four years. CEO Brandon Craig signals $9.7B expansion.
CBA Overhauls Loyalty Program: 9 Million Customers Shift to Yello Points on October 1
Commonwealth Bank launches Yello rewards program on October 1, affecting 9 million customers. New scheme favors Virgin Velocity over Qantas points and rewards bundled banking products.
AirTag Tracking Exposes Amazon’s Secret Book Destruction for AI Training
Journalists tracked a rare book shipment with an AirTag to Amazon’s Las Vegas facility, confirming the company destroys books after scanning them to train AI models. The discovery raises questions about data sourcing ethics in the AI boom.
Nike Stock Hits 12-Year Low at $39.09 on August 18, 2026
Nike stock hits 12-year low at $39.09 on August 18, 2026, down 78% from 2021 peak. China revenue fell 11%, direct sales dropped 6%, and analyst outlook remains bleak.
Tyson Foods Closes Three Beef Plants, Lays Off 3,200 as Cattle Shortage Deepens
Tyson Foods closes beef plants in Joslin, Illinois and Eagle Mountain, Utah, laying off 3,200 workers amid a 75-year low in cattle herds. The company also plans to sell its Pasco, Washington facility.
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…
FTSE 100 Today: Index Rises 0.16% as BP Jumps 2.1%, Shell Gains 1.5% Despite Hormuz Strike
The FTSE 100 today edged 0.16% higher on August 18, 2026, with energy stocks helping the index stay in positive territory despite fresh tensions around the Strait of Hormuz. BP shares climbed 2.1%, while Shell gained 1.5% as oil prices moved higher after a vessel was struck along the key shipping route. Brent crude was…