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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.
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.
Australian Property Investors Flee Outer Suburbs as Budget Tax Changes Bite
Australian property investors are pulling back fastest from outer suburbs after federal budget tax changes and interest rate rises. Investor loan applications down 28% since May.
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.
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…
Vodafone Idea LTD (IDEA) Stock Gains 1.85% as Analysts Assess Q1 Results
Vodafone Idea shares gained 1.85% on Thursday, August 13, 2026, extending gains from last week’s results. The telecom operator reported a narrower Q1 FY27 net loss of ₹3,754 crore, down 43.2% year-on-year. Total income rose 6.4% to ₹11,884 crore, while ARPU climbed to ₹195, the industry’s highest increase. Vodafone Idea shares have now risen for…
MCX Shares at ₹2,970.80: UBS Signals More Upside After Fresh Upgrade
MCX shares are trading at ₹2,970.80 after UBS upgraded the stock to Buy from Neutral on August 12, 2026. The brokerage raised its price target to ₹3,800 from ₹3,600, citing strong Q1FY27 earnings, favorable regulation, and steady trading volumes. The upgrade reverses UBS’s own downgrade from May 29, 2026, when it flagged concerns over peak…
LA Warehouse Rotting Meat Crisis: 85M Pounds, £60M Cleanup, New Laws Loom
A burned LA warehouse holds 85 million pounds of rotting meat. Residents face foul odors, flies, and rats. Lineage Logistics faces £60M cleanup costs and new state laws targeting industrial accountability.