Trump Administration Audits Somali-American Citizenship Cases for Possible Fraud

The Trump administration has launched audits of immigration cases involving U.S. citizens of Somali origin to identify potential fraud that could lead to denaturalization, officials said on Tuesday. Homeland Security Assistant Secretary Tricia McLaughlin stated that U.S. law allows revocation of citizenship if it was obtained fraudulently, noting that such cases are rare and typically take years to resolve. According to the Immigrant Legal Resource Center, an average of about 11 denaturalization cases were pursued annually between 1990...

Australia Tightens Rules on Tech Giants Over News Content

Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...

Samsung Eyes Over $72 Billion Shareholder Return Plan

Samsung Electronics is set to announce a new shareholder return programme worth more than 100 trillion won ($71.75 billion) later this month, according to South Korean media reports. The plan is expected to include...

Crypto Stocks Surge as Trump Pushes Clarity Act

Cryptocurrency and blockchain-related stocks rallied on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clearer rules for digital assets. The comments followed a White House meeting with cryptocurrency industry executives,...

Target’s Grocery Bet Gains Momentum, but Broader Spending Is Key

Target’s grocery strategy is showing early signs of success, with food and beverage sales rising 7% in the quarter ended August 1, marking the category’s fastest growth in three years. The retailer has expanded...

Micron to Invest $10 Billion in New AI Memory Research Lab

Micron Technology said on Thursday it plans to invest $10 billion over the next decade in a newly established research laboratory in Boise, Idaho, aimed at advancing memory technologies, developing compute systems and supporting...

Trump to Host Crypto Executives as US Regulators Advance Digital Asset Rules

President Donald Trump is set to host cryptocurrency executives and industry representatives at the White House on Wednesday, as U.S. financial regulators move forward with plans to establish a clearer regulatory framework for digital...

U.S. Treasury Doubles Size of Longer-Dated Bond Buybacks

The U.S. Treasury Department will double the size of its liquidity-support buyback operations for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation. The increase will cover the 10-...

Lyntris IPO Raises $297.5 Million

Lyntris raised $297.5 million in a downsized U.S. initial public offering after pricing its shares below the marketed range, highlighting continued investor caution despite renewed interest in defense stocks. The Falls Church, Virginia-based defense...

SK Hynix Unveils $28.6 Billion Share Buyback

SK Hynix will buy back and cancel up to 40 trillion won ($28.61 billion) in treasury shares and allocate more than 50% of its free cash flow from 2025–2027 toward shareholder returns. The move...

Estée Lauder Forecasts Stronger Profit on Luxury Beauty Demand

Estée Lauder expects fiscal 2027 adjusted earnings to beat Wall Street estimates, supported by resilient demand for premium fragrances and skincare, particularly in China. Shares rose nearly 8% in premarket trading after the cosmetics...