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Diageo (LON: DGE) Unveils $1 Billion Cost-Cutting Plan as Operating Profit Drops 27.2% Despite $19.64 Billion Sales
On 6 August 2026, Diageo (LON: DGE) announced a $1 billion cost-cutting plan after reporting a 27.2% fall in operating profit, even though annual sales reached $19.64 billion. The world’s largest spirits company is dealing with weaker demand for premium drinks across several major markets, prompting a fresh approach to its business. Even with lower…
SpaceX (NASDAQ: SPCX) Stock Drops 50% as Retail Investors Add $22.7 Million
SpaceX shares have fallen roughly 52% from their post-IPO peak of $225.64. Yet retail investors bought $22.7 million worth of SpaceX stock in Wednesday’s first trading hour alone. That marked the third-highest first-hour retail buying total since the company’s June 12, 2026 debut. The dip-buying came right after SpaceX’s first earnings report as a public…
Nigel Lappin Joins Tasmania Devils as First Head of Development
Nigel Lappin, 50, joins Tasmania Devils as head of development in November after 18 years at Geelong. The move strengthens the new AFL club’s talent development program before 2028 entry.
Gold Price Today: MCX Gold Surges Above ₹1.49 Lakh; 24K Gold Reaches ₹1,49,730 as Brent Crude Slips to $79.32
Gold price in India crossed ₹1.49 lakh per 10 grams on Thursday, August 6, 2026. 24-karat gold reached ₹1,49,730, up from ₹1,44,220 recorded on August 1. This rally tracks global bullion strength, as spot gold hit a seven-week high. Brent crude moved in the opposite direction, slipping to $79.32 per barrel the same day. Gold…
Samsung, SK Hynix Face Pressure to Increase Buybacks and Dividends as AI Cash Hits $263B
On 6 August 2026, Samsung Electronics and SK Hynix faced growing calls from investors to raise share buybacks and dividends as their combined cash reserves are expected to reach about $263 billion by the end of the year. Strong demand for advanced memory chips used in artificial intelligence has driven record earnings for both companies….
India’s FCRA Bill 2026 Sparks US Concern Over Church Takeovers
India’s FCRA Amendment Bill 2026 allows government takeover of foreign-funded NGOs and churches. U.S. lawmakers warn it could damage India-US relations and violate religious freedom.
Rational AG (FRA: RAAG) Rises as Q2 Net Profit Climbs 15% to €73.1M; U.S. Tariff Refund Lifts Margins
On 6 August 2026, Rational AG (FRA: RAAG) reported strong second-quarter results, with net profit rising 15% year over year to €73.1 million. Revenue also moved higher, while a one-time U.S. tariff refund pushed the company’s operating margin above market expectations. Even with higher trade and operating costs, Rational continued to improve profitability. Investors are…
Swiggy (NSE: SWIGGY) Jumps Over 5% After Targeting ₹10,000 Crore Adjusted EBITDA by FY31
Swiggy shares jumped 6% on Thursday, August 6, 2026, after unveiling its FY31 growth vision. The stock rose to ₹305.10 from a previous close of ₹288.90. Swiggy’s market cap climbed to ₹82,326 crore following the announcement. The company targets ₹10,000 crore in Adjusted EBITDA within five years. Swiggy Stock Price Today: Shares Jump on FY31…
JAL and ANA Cut International Fuel Surcharges in September 2026
Japan Airlines (JAL) and ANA cut international fuel surcharges in September 2026 as oil costs decline. Passengers on international routes will pay less starting next month.