High Court Rejects CMA Pricing Rule for Emma Matratzen
The High Court has rejected the Competition and Markets Authority’s proposed fixed-ratio rule for mattress discount pricing in a case involving online retailer Emma Matratzen. While … Read more
Business
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Fat Brands Liquidates and Splits Into Four Parts to Resolve $1.4B Debt
The collapse of Fat Brands serves as a stark case study in the risks of aggressive expansion funded by debt. Those funds were used to acquire … Read more
Chinese AI Models Undercut US Rivals With Low-Cost Open-Source Alternatives
A surge of advanced artificial intelligence models from China is rapidly closing the technology gap with Silicon Valley, creating what industry analysts describe as a “death … Read more
Dow Hits Record High as US-Iran Tensions Ease and Amazon Tops $3 Trillion
U.S. stocks surged on August 3, 2026, sending the Dow Jones Industrial Average to a record closing high of 53,178.41. The rally followed signs of de-escalating … Read more
Woman Loses Nearly €100,000 in Seven-Year Romance Scam With Man She Never Met
A woman lost nearly 100 tūkst. euros in a romantic scam that spanned seven years, beginning in 2018. Despite repeated warnings from her bank, she continued … Read more
Trump Media Launches Paid API Giving Traders Early Access to Truth Social
Trump Media and Technology Group (TMTG) has launched a paid subscription service called Truth API, designed to provide financial institutions and other organizations with high-speed access … Read more
Dow Hits Record High as Trump’s Iran Stance Lowers Oil Prices and Yields
U.S. stocks rallied on Monday, August 3, 2026, sending the Dow Jones Industrial Average to a record closing high. The surge followed a drop in oil … Read more
Dow Jones Hits Record High as Iran Diplomacy and Tech Earnings Fuel Rally
U.S. stocks began August with a significant rally on Monday, propelling the Dow Jones Industrial Average to a closing record high. The surge was driven by … Read more
Apollo-Managed Funds Acquire Texas Water Infrastructure Firm Maverick Water Group
Apollo-managed funds have acquired Maverick Water Group, a Houston-based developer and operator of alternative non-potable water systems in Texas, from funds managed by Crosstimbers Capital Group. … Read more
Court Forces Education Dept. to Provide Debt Relief for 170,000 Borrowers
A federal appeals court has cleared the way for approximately 170,000 student loan borrowers to receive automatic debt cancellation after rejecting the Department of Education’s attempt … Read more
US Stocks Rally Toward Record Highs as Trump Pauses Iran Strikes, Oil Drops
U.S. stocks rallied toward all-time highs on Monday, August 3, 2026, as falling oil prices eased inflation fears. The surge followed President Donald Trump’s decision to … Read more
US Manufacturing Activity Hits More Than Four-Year High as Factory Hiring Returns
U.S. manufacturing activity surged to its highest level in more than four years in July, driven by robust growth in new orders and a return to … Read more