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Cathie Wood Loads Up on SpaceX as Stock Hits New Low on July 21
Cathie Wood’s Ark Invest adds $36M+ in SpaceX shares as stock hits all-time low after 47% decline from IPO peak. Wood also buys Meta and Archer Aviation, betting on long-term innovation over short-term pain.
Australian Super Funds Hit 12.3% Returns in FY26 as AI Boom Drives Growth
Top Australian super funds returned 12.3% in FY26, marking four straight years above 9%. UniSuper led growth funds as AI and hedged international shares boosted returns.
Spain’s $51M World Cup Prize Breaks Records as FIFA Payouts Hit $871M
Spain earned $51 million for winning the 2026 World Cup, the highest prize ever awarded to a champion. FIFA distributed $871 million total across 48 teams, the largest prize pool in tournament history.
AI Boom Fuels $27 Trillion Market Surge, Raising Fears of a Historic Tech Bubble
The artificial intelligence (AI) boom has become the dominant force behind global equity markets. Since November 2022, AI-related companies have added approximately $27 trillion in market value, according to Goldman Sachs Research. That increase equals roughly 36% of the entire U.S. stock market’s value, making AI the biggest driver of Wall Street gains over the…
KPMG Names John Sams CEO on July 21 Amid Whistleblower Fallout
KPMG Australia appoints John Sams as CEO following whistleblower scandal. New leader faces scrutiny over firm’s handling of audit misconduct allegations and must rebuild damaged reputation.
iPhone 18 Pro Tipped for September Launch With Variable Aperture Camera, A20 Chip
iPhone 18 Pro launches September 2026 with variable aperture camera, A20 Pro chip, and smaller Dynamic Island. US prices may reach $1,499 due to rising component costs and AI hardware upgrades.
Southwest Flight WN4761 Diverts to Charleston After Suspected Fuel Leak, July 21
Southwest Flight WN4761 diverted to Charleston on July 20 after crew reported a suspected fuel leak at 37,000 feet. All 137 passengers and crew landed safely; a replacement aircraft carried them to Manchester five hours late.
Nasdaq Futures Jump 1.3% as Nvidia (NASDAQ: NVDA) and Chip Stocks Fuel Market Optimism
Nasdaq futures climbed 1.3% on July 21, 2026, pointing to a stronger start for U.S. markets after a volatile session. Nvidia (NASDAQ: NVDA) and other semiconductor stocks led the gains as investors returned to AI-focused companies ahead of a busy week of Big Tech earnings. Expectations for continued demand for AI chips, along with fresh…
Revolut Wins Australian Banking Licence, Commits A$400M to Challenge Big Four
Revolut wins APRA banking licence in Australia, launches Revolut Bank Australia with savings rates up to 5.05% p.a. and A$400M investment commitment to compete with Big Four banks.