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Trump Orders Navy to Scrap Modern Catapults, Adding Billions to Carrier Costs
Trump orders Navy to replace electromagnetic catapults with steam systems on new Ford-class carrier USS Doris Miller, potentially adding billions in costs and delaying deployment to late 2030s.
S&P 500 Hits Record 7,798.99 as Inflation Cools, Rate Hike Fears Ease
S&P 500 closes at record 7,798.99 on August 13 as July producer prices hold flat, signaling lower odds of Fed rate hike in September. Tech stocks lead gains.
Asics to Dissolve Trading Subsidiary, Consolidate Walking Business August 15
Asics will liquidate its trading subsidiary and consolidate walking operations. Q2 profit jumped 62.1% to 35.6 billion yen as Onitsuka Tiger brand drives growth.
Sato Kikaku Talent Agency Files for Bankruptcy on August 13, 2026
Sato Kikaku talent agency files for bankruptcy with 219.92 million yen in combined debt. The Tokyo firm managed variety stars and ended operations in January 2026 after pandemic losses.
John Larson Loses Connecticut Primary to Luke Bronin on August 11
14-term Rep. John Larson loses Connecticut primary to Luke Bronin, 53.5% to 34.7%. Ninth House incumbent ousted to non-incumbent in 2026, signaling record anti-incumbent sentiment among Democrats.
NSW Finalises 20-Year Sydney Plan: 800,000 New Homes by 2046
NSW government finalises Sydney Plan to accommodate 1.3 million more people by 2046, requiring 800,000 new homes and 950,000 jobs. Eastern Sydney gets housing focus, west gets jobs and infrastructure.
NAB Shares Fall as Analyst Flags Business Banking Risk on August 13
Bell Potter analyst recommends selling NAB shares due to above-average business banking exposure amid economic slowdown concerns. NAB trades at A$41.06, up 15% from June lows but down 3.3% year-to-date.
Ethereum Price: Can ETH Break $2,000 After Fidelity’s Latest Staking Move?
Ethereum traded near $1,895 on Thursday, August 13, 2026, up 0.42% for the day. The gain follows Fidelity’s SEC filing to add staking rewards to its spot Ethereum ETF. Fidelity’s $898 million Fidelity Ethereum Fund (FETH) could stake up to 100% of its ETH holdings. Ethereum remains capped below the psychologically important $2,000 level. Analysts…
Josh Kushner and Bob Iger Buy Lakers for Record $12.5B on August 13
Josh Kushner and Bob Iger agreed to buy the Lakers for a record $12.5 billion. The sale needs NBA board approval and may take months to complete.