The company reported adjusted earnings per share of $1.05, surpassing the estimated 97 cents, and revenue of $805 million, beating the $795 million forecast. This marked an 11% increase from $728 million a year earlier. Net income rose to $116 million, or 65 cents per share, compared to $67 million, or 37 cents per share, the previous year.

Okta expanded availability of its Okta for AI Agents tool across its customer base during the quarter. New products contributed 30% of total bookings, and the company secured multiple AI-related contracts, including a multi-million-dollar deal with a healthcare provider.

The company posted a net income of $3.53 billion, or $4.29 per share, marking an 87% increase from $1.89 billion a year earlier. Adjusted earnings per share reached $5.90, matching Wall Street estimates, while revenue slightly exceeded expectations.

Salesforce's growth was bolstered by a $2.6 billion gain on strategic investments, largely from its stake in AI startup Anthropic, which was valued at $9.65 billion after a recent funding round. The company’s free cash flow surged 81% to $1.10 billion, well above analyst expectations, signaling robust financial health.

Data center revenue reached $89 billion, marking a 117% increase compared to the prior year. Gross margins stood at 75%, with GAAP earnings per diluted share at $2.46. The company returned about $26 billion to shareholders through buybacks and dividends during the quarter.

Founder and CEO Jensen Huang highlighted the accelerating AI infrastructure buildout, stating, "AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable.

The company's financial health is further supported by a low debt-to-equity ratio of 0.06, signaling a solid balance sheet amid industry challenges. However, Okta faces increased competition and cautious IT spending, factors that may impact its market performance.

Okta operates in the identity and access management software sector, focusing on workforce identity, customer identity, and subscription economics, according to kalkinemedia.com. This upcoming earnings report offers a critical checkpoint to evaluate how the company's commercial activity is progressing through delivery and cash collection stages.

The company’s recent quarter showed revenue of $11.133 billion, representing a 13.27% increase year-over-year, with earnings per share at $3.88, surpassing consensus estimates for the fifth consecutive quarter, as reported by 247wallst.com on August 25, 2026.

Marc Benioff, Salesforce’s CEO, described agentic AI as "the biggest growth opportunity for our customers, and for Salesforce." This technology is increasingly reflected in the company’s annual recurring revenue (ARR), with Agentforce ARR reaching $1.2 billion, a 205% year-over-year increase.

The tariffs, effective since Saturday, target a range of US exports including steel, dairy products, appliances, and farm equipment, responding to US tariffs on Canadian goods such as hockey sticks and tongue depressors.

Canadian Prime Minister Mark Carney, who has taken a firm stance against the US administration, called the US tariffs an "attack" on Canada.

Canadian trade officials said the duties are designed to pressure the Trump administration by focusing on key states, with economists suggesting impacts could be heaviest in parts of the Midwest and Northeast.

Canadian import duties will apply to more than 800 types of U.S. goods, affecting categories from dairy and seafood to steel, aluminum, appliances, and tools as North American negotiations remain unresolved.

Mark A. Goldsmith, President and CEO, exercised options for 80,000 shares at $4.73 per share and sold 86,000 common shares through multiple transactions. The weighted average sale prices ranged from approximately $206.78 to $212.74 per share. Goldsmith's holdings include 182,938 restricted stock units.

Jeffrey Todd Cislini, General Counsel, exercised options covering 56,280 shares at exercise prices of $18.56 and $21.61 per share and sold nearly 56,900 shares in several transactions at weighted average prices between $206.76 and $212.74. Cislini retains 43,514 restricted stock units.

Ottawa unveiled levies ranging from 25% to 50% on items including steel, dairy, appliances, farm equipment, seafood, and toilet paper. The moves respond to new 50% U.S. tariffs on Canadian goods that took effect on August 22, 2026.

Canadian officials framed the response as a necessary defense of national sovereignty following the collapse of talks. The breakdown has threatened long-standing cross-border trade ties between the neighboring nations.

Family members who run the Massachusetts-based craft brewery said they received notice on Nov. 5, 2025, that their vendor booth would not be invited back. The decision surprised the family, who noted the 17-day autumn event served as a major pillar of their annual financial income.

Known for popularizing cinnamon sugar rims alongside flavored craft brews like pumpkin and blueberry beer, the vendor had become a mainstay for fairgoers during its 19-year run in West Springfield.

Plaintiffs brought claims of fraud, negligent misrepresentation, and unjust enrichment against the grocery chain, alleging that insured customers were denied access to lower prescription rates provided to discount club members.

Kroger denied all allegations of wrongdoing and maintained that it correctly reported its retail prices, arguing that Savings Club discounts were available only to customers who paid an annual membership fee. The grocery retailer agreed to settle the litigation without admitting liability, according to court documents and reporting by WXIA.

"We posted a video to our channels that ultimately depicted actions that are not aligned with our values as a brand. We have since taken that content down, and sincerely apologize," said Callaway Golf and Good Good Golf in a statement.

Despite the formal removal of the video, online users continued to post responses on recirculated clips across various social networks, voicing concerns over the content's message. "This is so much worse than I thought it was going to be...." said one social media user.

The campaign’s score significantly surpasses the category average of 3.3 stars and features an "Exceptional" Spike Rating of 1.35, indicating strong potential for short-term sales impact as well as long-term brand growth.

The campaign, created by T&P, brings back the characters Papa, Mama, Sophia, Carlo, Nina, and Nico alongside the familiar "When’s Your Dolmio Day?" line. It is part of Dolmio’s largest marketing effort in over a decade, spanning multiple media including TV, video-on-demand, social media, influencer activity, and outdoor advertising.

DraftKings CEO Jason Robins called for identical regulatory standards across all access points within prediction markets to ensure uniform consumer safety regardless of the platform structure.

"The rules for customers going directly to DCM versus those going through an FCM should be identical," Robins said. "There really is no distinction from the consumer protection perspective."

The countermeasures target over 700 American products, doubling existing duties on U.S. steel and aluminum to 50 percent while adding tariffs to dairy, seafood, wood, paper, appliances, and apparel.

Ottawa's action mirrors identical 50 percent tariffs previously set by U.S. President Donald Trump on Canadian imports such as wine, cement, and sports equipment.

The costume, listed under Target’s Hyde and EEK Boutique branding as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,” was removed from the Target website Monday, according to CNN and the Dallas News. Target said the product was offensive and should never have been included.

"As a company, we know we got this wrong, and we are deeply sorry," said Target in a statement.

This deal marks a notable adoption of Huawei's technology outside China despite the US blacklisting the company in 2019, which restricted Huawei's cooperation with American suppliers such as Google.

The agreement follows a patent dispute among HP, Huawei, and other firms that concluded last fall, allowing HP access to a pool of 2,000 patents related to wireless network connectivity. Huawei was a founding member of the patent pool, known as Sisvel WiFi 6.

City council member Gale Brewer voiced support for the financial goals of the initiative but highlighted significant implementation hurdles facing the local government.

Fellow council member Kamillah Hanks sharply criticized the public release of property data during the oversight session. ]]> Mayor Mamdani says that taxes on second homes will help fund social programmes aimed at New Yorkers struggling with affordability Wed, 26 Aug 2026 01:28:34 +0000 Alvin Wicaksono new york city, zohran mamdani, pied a terre tax, luxury home tax, city council, real estate https://achmadnurhidayat.id/en/deloitte-settles-dei-discrimination-probe https://achmadnurhidayat.id/en/deloitte-settles-dei-discrimination-probe Deloitte agreed to pay $21.5 million to settle claims by the US Justice Department that the firm discriminated against employees and job applicants based on race and sex, according to reports on August 25, 2026.

The settlement ends an investigation into Deloitte's diversity, equity, and inclusion (DEI) initiatives, which the Justice Department alleges violated the False Claims Act. This probe targets federal contractors suspected of unlawful use of taxpayer funds in DEI programs.

The government accused Deloitte of factoring race and sex into hiring, promotion, and staffing decisions, with managers evaluated on meeting demographic goals. It also claimed Deloitte restricted certain training and leadership opportunities to employees of specific races or sexes.

"Tap-to-pay gives customers and members another familiar and convenient way to pay at checkout using contactless payment methods," Walmart stated.

Customers can also add Walmart, Sam's Club, and OnePay cards to their digital wallets for easier access and payment. Walmart had previously encouraged the use of its Walmart Pay system, which required QR code scanning, but this new change addresses shopper demand for widely accepted digital payment methods.

The delegation hosted 100 travel agents at the JW Marriott Parq Vancouver before proceeding to Calgary and Edmonton. Twelve suppliers shared updates on new entertainment, sports venues, and resort developments aimed at boosting Canadian travel, which totaled 1.18 million visitors last year.

Organizers emphasized the value of the market while presenting major upcoming events intended to drive international visitation.

The pullout of cash buyers is outpacing the broader residential slowdown. While total home sales dropped 8.5% year over year during the four-month window, all-cash purchases fell 11.2%. Concurrently, national median home prices grew by just 0.2% annually, marking a significant drop from 1.8% growth in 2025 and the 15.4% peak in 2021.

Realtor.com Senior Economist Hannah Jones noted that shifting market dynamics are reshaping how transactions occur.

The broader S&P 500 gained 0.2%, the Nasdaq advanced 0.5%, and the Dow Jones Industrial Average added 59 points or 0.1%, according to CNBC. The benchmark 10-year Treasury yield dropped to 4.658%, extending a two-day decline.

Oil prices fell over 3%, with Brent crude dropping 3.5% to $87.39, helping to calm inflation worries and support stocks and bonds as reported by AP News. This decline came despite rising tensions between the U.S. and Iran, following new U.S. sanctions.

The product, sold under the retailer's seasonal Hyde and EEK Boutique line, was listed as the "Kids' Glows Under Blacklight Circus Clown Halloween Costume." Social media users quickly flagged the item, prompting the Minneapolis-based company to issue a public statement and remove the item from its catalog.

Target expressed deep regret over the merchandise selection, acknowledging the negative impact the item had on its customers and corporate staff.

The fast-food chain reported an 8.5% increase in US same-store sales last quarter, surpassing McDonald's growth and becoming the second-largest US burger chain after overtaking Wendy's, which faced a 7% sales decline.

The new nuggets feature an enhanced marinade and are paired with revamped dipping sauces including sweet and sour, honey mustard, buffalo, and a limited-time savory sauce blending creamy, tangy, and spicy flavors.

The recorded footage depicts a female worker reaching between the male employee's legs to place a bowl of food into a fry basket while he cleaned the overhead exhaust hood area.

"started spraying the chemical and wiping [while] standing right over the food," Finger said. The customer expressed shock over the sanitation oversight witnessed at the location.

The financial relief program provides 7.5 billion in Canadian dollars to cushion companies and consumers facing surging costs from counter-tariffs. Federal records show Ottawa has supplied more than $21.7 billion in total tariff-related support since early 2025, far exceeding the revenue collected from retaliatory duties.

The counter-measures target over 700 American products starting September 8, matching U.S. rates up to 50% on items ranging from steel and machinery to consumer staples like cheese, paper products, and apparel.

Under the new measures, Ottawa will double its existing counter-tariffs on U.S. steel and aluminum products to 50%, matching the rate charged by Washington. Prime Minister Mark Carney also announced support programs for Canadian businesses impacted by the friction and extended 50% tariffs to American-made furniture, clothing, video-game consoles, smartphones, and other electronics.

Targeted American sectors include paper products, construction materials, home appliances, and agricultural goods such as dairy and seafood. U.S. trade data shows the Canadian duties cover approximately 6% of U.S. exports to Canada, while the latest American tariffs target roughly 5% of Canadian imports to the U.S.

Brent crude futures fell 3.2% to $89.20 per barrel, while US West Texas Intermediate crude declined 3.3% to $82.21 per barrel. Prices have decreased over 5% this week after the US unveiled new sanctions targeting Iran and entities trading with the country.

The White House described the sanctions as an "economic D-Day." Treasury Secretary Scott Bessent stated the campaign represents the "single greatest financial offensive ever," adding that a return to large-scale war is unlikely under this strategy.

Shares of the retailer fell 16.9 percent to just under $149, setting the stock on course for its sharpest intraday decline since August 2023, according to Forbes.

The company recorded quarterly revenue of $5.59 billion and earnings per share of $3.53, missing analyst projections of $5.64 billion reported by FactSet data.

Fenix International reported a profit before tax of $714 million for 2025, a 5% increase from the previous year, with $535 million paid out in dividends in that fiscal year ending November 30, 2025. Additional dividends totaling $174 million were paid in early 2026.

Radvinsky, who bought OnlyFans in 2018, died at age 43 from cancer. The company is now controlled by his widow, Yekaterina 'Katie' Chudnovsky, who is named as the sole trustee of the LR Fenix Trust in company records.

The company's rapid growth has been largely fueled by bulk purchases of graphics processing units (GPUs) from hyperscalers such as Amazon, Google, Microsoft, Meta, and SpaceX. These firms consume Nvidia's GPUs to power AI workloads and resell access through their cloud platforms.

In the most recent quarter, Nvidia reported nearly equal revenue from hyperscalers and a broader customer group called AI clouds, industrial and enterprise (ACIE), with $37.9 billion and $37.5 billion respectively, according to CNBC. ACIE revenue grew 31% from the prior period, outperforming the 12% hyperscaler growth.

Brent crude futures fell 3.2% to $89.20 per barrel, while U.S. West Texas Intermediate crude dropped 3.3% to $82.21 a barrel. The decline follows a 5% weekly drop after Washington rolled out new sanctions against Tehran and its trade enablers, as reported by CNBC.

The policy pivot provided relief across financial markets. Lower energy costs helped reduce U.S. bond yields, with the 30-year treasury yield settling at 5.23% on Monday. U.S. equities saw mixed results as the Dow Jones Industrial Average gained 0.3%, while the Nasdaq fell 0.8% and the S&P 500 slipped 0.3%.

The scheme, launched on June 8, 2026, targets Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings, and External Commercial Borrowings. It aims to strengthen India's external financial buffers amid pressures from rising energy prices and a widening trade deficit.

Of the total inflows, $65.4 billion originated from deposits made by non-resident Indians (NRIs), underscoring their confidence in India's banking system and economic prospects, the RBI and finance ministry reported.

Last week, Allied Universal notified Anthropic that its security personnel might initiate a strike. As a precaution, Anthropic advised its workers not to attend the San Francisco offices on the upcoming Monday and Tuesday, the source said.

The Service Employees International Union (SEIU), representing Allied Universal's security workers, confirmed ongoing contract negotiations but denied authorizing any strike vote or issuing strike threats for that week.

The affected inventory includes over 3,800 cases of Fromm Turkey Pâté Wet Dog Food and 1,900 cases of Fromm Diner Classics Milo's Meatloaf Pâté Wet Dog Food, as reported by USA TODAY. Both products were packaged in 12.2 oz and 12.5 oz cans respectively, featuring best-by dates of 3/20/29 and lot code EP2A3306 551006 or EP2A3306 551029.

Regulatory officials noted that the recalled items pose potential health risks to dogs if consumed. Distribution extended to independent pet retail stores and online platforms throughout the United States and Canada, including physical retail outlets across Michigan such as Pet Supplies Plus, Premier Pet Supply, and Family Farm & Home.

The Chicago-based airline will expand its network to include Ljubljana, Slovenia; Okinawa, Japan; Olbia and Catania, Italy; Ibiza and Valencia, Spain; Marseille and Toulouse, France; Terceira, Portugal; and Luxembourg. Seven of these locations currently lack direct U.S. flights.

Executives at the second-most profitable U.S. carrier noted that travelers are increasingly booking open-jaw itineraries to avoid overcrowded primary hubs, driving demand for expanded seasonal service deeper into the autumn months.

Carney said, "We're going to hit back."

He further criticized the US for introducing last-minute language that would restrict Canada's trade sovereignty, calling it "a question of sovereignty" and "unacceptable." Quebec Premier Christine Fréchette supported Carney's decision, stating it protected the Francophone community from crossing a "red line." She urged Canadians to support local products as an act of solidarity and nationalism.

Although total sales increased from $3.65 billion in the prior-year period, net income declined to $315.5 million, or $3.50 per share, down from $381.4 million, or $4.71 per share, a year earlier. Adjusted earnings per share reached $3.53, missing Wall Street's expected revenue target of $5.65 billion.

Core Dick's store locations achieved a 4.9% increase in comparable sales, propelled by broad-based growth across product categories and strong demand during the World Cup. However, the performance was dragged down by Foot Locker, which saw comparable store sales fall by 3.6% during the quarter.

The Treasury Secretary Scott Bessent announced an "economic D-Day" effort aiming to isolate Iran financially, warning countries and entities doing business with Tehran of severe penalties.

"We are launching an economic onslaught against Iran's financial connections around the globe," Bessent said at a press conference. "Any entity that facilitates money laundering on behalf of Iran will be removed from the U.S. dollar system. The clock just started ticking."

Retail executive leadership acknowledged the critical error regarding the product's placement in their seasonal lineup.

"As a company, we know we got this wrong, and we are deeply sorry," Target said in a statement. Company officials confirmed the item was taken down from digital storefronts and store locations.

The controversy emerged after a screenshot of a Facebook post from a group allegedly named White and Proud circulated online, claiming servers were intentionally contaminating food served to Black customers. The post, which also mentioned Logan's Roadhouse, contained no specific restaurant locations, employee names, or verified incidents.

Texas Roadhouse initially addressed the viral claims on TikTok to emphasize its corporate standards regarding guest treatment.

The operating profit for the period rose 22% year over year to 10.9 billion Danish kroner (about $1.7 billion), reflecting strong demand despite macroeconomic uncertainties.

CEO Niels Christiansen highlighted the company's diverse product lineup and pricing strategy as key factors driving growth.

The expansion places the company alongside existing prediction competitors Kalshi and Polymarket in the state. These platforms allow users to trade contracts tied to varied outcomes, ranging from musical charts and political elections to sporting events.

Federal oversight by the Commodity Futures Trading Commission allows these event contracts to operate under different regulatory classifications than traditional gambling, effectively exempting the platforms from state-level wagering bans.

Led by California Attorney General Rob Bonta, the state-level legal challenge represents the primary remaining obstacle after all global antitrust regulators, including the U.S. Department of Justice, granted approval for the transaction.

The legal fight could impose significant financial costs on media companies already experiencing market pressures. Despite a scheduled March trial date, Ellison remains confident the transaction will succeed, according to a person familiar with his strategy.

The Turkish flag carrier redirected its wide-body fleet toward high-demand markets including Japan, China, Australia, Thailand, Singapore, and Vietnam following regional conflicts in the Middle East. The strategic shift contributed to a 20.5 percent year-over-year increase in second-quarter revenue, reaching $7.2 billion, despite incurring $1.3 billion in additional jet fuel expenses.

"They are going to be big competitors; we have to be ready to face the competition," said Murat Seker, Board Chair at Turkish Airlines.

The agreement was announced during Saudi Crown Prince Mohammed bin Salman's two-day state visit to Paris. The project will construct three theme parks near Cergy-Pontoise, roughly 30 kilometers northwest of Paris, on the former site of the Mirapolis park in Val-d'Oise. Led and financed by Qiddiya, an investment arm of Saudi Arabia's sovereign wealth fund, the development is expected to create up to 22,000 jobs, according to French officials.

The theme park concept stemmed from discussions between French President Emmanuel Macron and Prince Mohammed in December 2024 in Riyadh, where both leaders discovered a shared passion for Japanese comics, particularly the Dragon Ball series. Opening dates for the parks have not been scheduled, but construction is expected to span several years with phased openings.

The US Treasury Secretary Scott Bessent described the move as an "economic D-Day," warning that nations ignoring these measures risk severe penalties, although no new sanctions have yet been imposed. The campaign focuses on disrupting Iran's trade lifelines, particularly targeting maritime activities related to the Strait of Hormuz, an essential shipping route.

Shipping companies now face sanctions even for responding to information requests from Iranian entities controlling the strait, such as the Persian Gulf Strait Authority and HormuzSafe Marine Services Authority, according to the Office of Foreign Assets Control (OFAC).

Discounts of up to 40 percent apply to domestic base fares and up to 35 percent on international base fares for trips between September 16, 2026, and January 31, 2027. Greater savings of up to 60 percent on domestic fares and 45 percent on international fares are available for travel from February 1, 2027, onward, according to multiple sources.

The week-long sale covers PAL’s extensive network, including destinations across the Philippines, Asia, North America, Australia, the Middle East, and the Pacific.

UBS projects hyperscaler capex of $492 billion in 2025, rising to $1.009 trillion in 2026, $1.447 trillion in 2027, and $1.619 trillion in 2028. Across 2026 to 2028, that would exceed three times the $1.292 trillion spent over the prior six years, according to UBS.

UBS also estimates Amazon, Alphabet, and Microsoft will collectively spend about 102% of their cloud revenue on capital expenditures in 2026. UBS said the ratio is expected to ease to roughly 99% in 2027 and 94% in 2028, while spending levels continue increasing.

Shares jumped more than 600% at debut, making Unitree the first humanoid robot maker listed in mainland China, according to CNN.

On Monday, the Hangzhou-based company said its “Superman” robot can jump as high as two metres and run at 12.66 metres per second, CNN reported.

Fourth-quarter revenues reached $3.75 billion, up 44% year over year and above the Zacks Consensus estimate of $3.70 billion, while non-GAAP earnings were $3.56 per share versus $3.35 expected, according to The Globe and Mail.

The company said non-GAAP gross margin rose 1,310 basis points year over year to 54.4%, supported by a richer mix of higher-capacity drives, favorable pricing, and manufacturing discipline, and blended price per terabyte increased in the high teens, The Globe and Mail reported.

Aplin, who also serves as president and co-founder of the Texas-based company, shared the strategy shift during the grand opening of the chain's newest location in Benton, Arkansas. The retail giant operates sprawling travel centers known for high-volume fueling stations, pristine restrooms, and extensive food services.

"We have a lot of opportunities. We're growing. We're building in a lot of places. But when you find a conservative business-friendly state with a phenomenal workforce, it makes a difference," Aplin said.

Chief Executive Officer Bob Wright acknowledged that the company prioritized short-term discounts and cost cuts over ingredient quality, contributing to six consecutive quarters of declining U.S. same-store sales. In contrast, Burger King surged past Wendy's following a $700 million brand overhaul.

Wright detailed a five-point turnaround plan focusing on menu quality, store renovations, digital growth, operational efficiency, and rebuilt core products. He indicated that heavy reliance on promotional deals diverted attention from intrinsic value.

The shares were trading in the mid-$150 range on the purchase date, down from highs above $200, and closed at the IPO price of $135 on the following Monday, potentially putting Trump’s investment at a loss, as reported by Reuters and other sources.

White House spokesperson Davis Ingle said the president’s stock portfolio is managed by third-party financial institutions that replicate recognized indexes such as the Schwab 1000.

The product featured a Black child wearing an orange and black top, solid black gloves, and a mask with a wide toothy smile. Critics compared the costume’s elements to historically offensive minstrel show depictions of Black people.

Target issued an apology stating, "As a company, we know we got this wrong, and we are deeply sorry. The costume is offensive and should never have been part of our assortment. It is no longer available for sale."

The product, listed for $25 as the "Kids' Glows Under Blacklight Circus Clown Halloween Costume," featured an orange and black bodysuit modeled by a Black child wearing solid black gloves and a dark hood with an exaggerated painted smile. Online users highlighted similarities between the model's posing and dark facial covering to Jim Crow-era depictions.

Target issued an official apology after removing the item from its online catalog on Sunday following intense public pushback across multiple social media platforms including X, Threads, and Instagram.

The proposed fee is significantly higher than the previous fee of about $3,000 and follows a legal setback in June 2026, when a federal judge invalidated an earlier Trump administration attempt to impose a $100,000 fee. The judge ruled that the president lacked authority to levy such a fee, which was considered a tax requiring congressional approval.

The H-1B visa program allows foreign professionals with at least a bachelor's degree or equivalent to work in specialized professions in the U.S. These visas are valid for three years and can be renewed for another three. The program caps annual visas at 65,000, with an additional 20,000 reserved for individuals holding advanced degrees from American universities.

Data released by the Trump administration indicated that substantial crude volumes continue to flow out of the Persian Gulf despite ongoing regional conflicts. Energy Secretary Chris Wright said last week the U.S. military had helped ship over 15 million barrels of crude and oil products out of the waterway last Tuesday. He put the average oil exports through the strait over a seven-day period at more than 8 million barrels a day. Earlier this month, Wright said the seven-day average stood at around 9 million barrels a day.

However, commercial maritime tracking services reported vastly lower shipment numbers, placing estimates between 2 million and 6 million barrels daily. The divergence stems from Middle Eastern oil producers chartering vessels to conduct "dark" transits by switching off their AIS transponders to evade Iranian drone strikes. According to tracking firm Kpler, approximately 80% of maritime traffic through the narrow 23-mile waterway has turned off transponders over recent weeks.

Regulators alleged that the two rival apartment-listing portals entered an illegal deal in February 2025, where Zillow paid Redfin $100 million to stop advertising apartments in buildings with 25 or more units. Under the arrangement, Redfin agreed to exit the multifamily market for up to nine years and exclusively display Zillow's apartment listings on its platform.

The FTC and attorneys general from Arizona, Connecticut, New York, Virginia, and Washington filed the lawsuit eight months after the initial deal. Officials stated the illegal scheme harmed property managers and renters through inflated prices, diminished service quality, and restricted listing options.

Under the emergency measure, importers committed to selling the beef at 25 percent below current market rates, according to statement releases on Truth Social. Ground beef prices hit record high levels in April at $9.64 per pound due to long-standing droughts, high feed expenses, and a flesh-eating screwworm outbreak that shrank the domestic cattle herd to its lowest point since 1951.

Defending the temporary policy shift to reporters while traveling to South Carolina, Trump emphasized his goal of lowering food costs for working families while working alongside livestock managers.

The pushback comes as GOP leaders prepare for upcoming midterm elections while voters express growing concern over rising costs. Tensions intensified after U.S. negotiations for tariffs on Canadian goods collapsed, prompting Canadian Prime Minister Mark Carney to promise dollar-for-dollar counter-tariffs.

Simultaneously, Trump announced plans to import 300,000 metric tons of foreign ground beef sold at 25 percent below market rates over 90 days. The policy aims to lower grocery bills, which have seen ground beef prices surge to nearly $7 per pound amid historically low U.S. cattle herd numbers.

The offensive brought the total number of damaged Ozon facilities to six within a 72-hour period. In response to the market volatility, the Moscow Exchange temporarily placed Ozon stock into a 30-minute auction mode to limit extreme price fluctuations.

The strikes on August 24 caused fires at several key locations, including a 130,000-square-meter warehouse complex in Dagestan's Tyube industrial park. Additional strikes caused a major fire at an Ozon center in Enem, on the outskirts of Krasnodar, and prompted precautionary evacuations at facilities in Adygeysk and Nevinnomyssk.

Mexican President Claudia Sheinbaum announced the gradual reopening during a press conference in Mexico City, confirming that trade will later expand to entry points in Chihuahua and New Mexico after strict sanitary controls were implemented.

The U.S. Department of Agriculture temporarily halted Mexican cattle trade in November 2024 and maintained a full closure starting in July 2025 to prevent the parasitic fly larvae from infecting domestic herds. The screwworm fly invades open wounds in warm-blooded animals and destroys living tissue.

Bessent emphasized that third-party nations assisting Tehran would face severe diplomatic and commercial consequences.

"Any nation that serves as a financial artery of a withering regime should expect to share in its isolation," wrote Treasury Secretary Scott Bessent. The policy stance aligns with statements from U.S. President Donald Trump, who publicly warned foreign businesses and governments against facilitating Iranian commerce.

Under the deal, production of Stone beer is moving to Firestone Walker's brewery in Paso Robles, California, and Duvel USA's Boulevard brewery in Kansas City, Missouri.

Sapporo USA CEO Zach Keeling explained the company is phasing out the Escondido brewery after being unable to find a long-term solution for the property. "This is an understandably difficult time for our Escondido employees and community, and we're committed to supporting them through this transition," Keeling said.

This announcement triggered a selloff in optical technology stocks and caused the company's market value to drop by approximately $1.29 billion, which is more than double the amount of the offering.

If fully executed at the current share price, the offering would add approximately 5.47 million new shares, or 6.4% of the existing shares outstanding.

The previously undisclosed capital expenditure aims to enhance agility and support specialized client demands across complex global industries, according to executive statements provided to CNBC.

Company leadership emphasized that the strategic allocation builds modern capabilities designed to help commercial clients navigate modern trade challenges and macroeconomic shifts.

The departure has sparked concerns that the Trump administration might seek a last-minute deal to avoid a March trial addressing Ticketmaster's alleged monopoly.

Slater's resignation comes after a turbulent tenure marked by internal disputes over enforcement and merger reviews, with the DOJ trial scheduled to begin in early March. Reports indicate settlement discussions are occurring outside the Antitrust Division, raising questions about political influence in the case.

The breakdown occurred after Canadian negotiators walked away over last-minute American demands that would have restricted Canada's trade relations with other nations. The trade levies impact roughly 5% of Canada's annual exports to the US, targeting commodities such as wine, paper products, dairy, clothing, cement, and hockey equipment.

Carney criticized the stringent conditions imposed by Washington, characterizing the final demands as an assault on national independence.

Trading on informal markets saw the Iranian rial plunge to a historical low of 2.02 million per U.S. dollar, starkly contrasting the official Central Bank rate of 1.5 million. The plunge comes as Washington prepares fresh secondary sanctions targeting Tehran's primary trade partners, further squeezing an economy hampered by a U.S. naval blockade and severe domestic inflation.

Asian indices felt immediate pressure, with South Korea's Kospi plummeting 3.1% to 6,696.96 and Hong Kong's Hang Seng slipping 1.9% to 25,517.33. In Europe, Germany's DAX and the French CAC 40 both retreated 0.1%, while U.S. stock futures pointed to opening losses across the S&P 500 and Dow Jones Industrial Average.

Shein plans to offer nearly 280 million shares priced between HK$47.60 and HK$49.50 each, according to filings cited by CNBC and the BBC. At the top of the range, the sale would raise $1.77bn and value the company at $26.8bn, the BBC reported.

Both outlets said the final offer price will be announced by the company on Aug. 31, with shares expected to start trading on Sep. 1, according to CNBC and the BBC.

Bonta led a coalition of 12 state attorneys general in filing the lawsuit in July, seeking to prevent the transaction on grounds that combining the two media giants would severely stifle competition across the entertainment industry.

State regulators assert that merging two of Hollywood's five major film studios would grant the single entity control over approximately 27 percent of the wide-release theatrical movie market and more than 30 percent of anticipated top-grossing theatrical releases.

National oil companies from Saudi Arabia, Kuwait, Qatar, and the United Arab Emirates are chartering tankers to disable their Automatic Identification System (AIS) transponders. Escorted by military forces, these vessels conduct dark transits across the narrow 23-mile waterway.

Once reaching the Gulf of Oman, the tankers perform ship-to-ship transfers to deliver crude to customer-owned vessels bound for Asian markets, including China, South Korea, and Vietnam. The strategy transfers physical and financial risks away from commercial shippers.

The Wisconsin-based manufacturer pulled two specific wet food items after discovering the issue. The action covers 3,852 cases of Fromm Turkey Pâté Wet Dog Food and 1,973 cases of Fromm Diner Classics Milo's Meatloaf Pâté Wet Dog Food.

Retail distribution took place through local pet shops and online merchants across both countries. The affected 12.2-ounce Turkey Pâté cans carry UPC 072705118700 and lot code EP2A3306 551006. The 12.5-ounce Milo's Meatloaf Pâté cans bear UPC 072705132324 and lot code EP2A3306 551029. Both affected varieties feature a best-by date of March 2029.

Canadian Prime Minister Mark Carney announced that Ottawa will respond with dollar-for-dollar duties on American goods scheduled to take effect on September 8. President Donald Trump criticized Canada's stance following the breakdown in negotiations.

"Canada wants the benefits of being a State, without being one," said Donald Trump, President, United States.