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Citigroup Hikes Dividend 12% to $0.67/Share

Citigroup declared a quarterly common stock dividend of $0.67 per share for August 28, 2026, with a record date of August 3, 2026, yielding about 2%, and also announced multiple preferred-stock dividends across Series T, Y, Z, AA, BB, CC, DD with varying rates and payments on August 17, 2026. The announcements come alongside the company's statement that the dividend increase to 67 cents a share reflects a 12% boost and aligns with its Q2 results.

6 sources

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Trump admin pauses $1B Medicaid payments California Minnesota

The current Trump administration is pausing and freezing over $1 billion in federal Medicaid funding for California and Minnesota amid fraud concerns, demanding documentation to prove legitimacy of the payments. Health officials cite audits identifying fraud-prone services and say funds will remain deferred until the states substantiate claims and provide required receipts, part of a broader crackdown on healthcare fraud.

7 sources

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Ocado to build large European automated CFC

Ocado announced a large, highly automated Customer Fulfilment Centre for a fast-growing European national retailer, using its Re:Imagined technology like 600s bots and an automated freezer, with go-live slated for FY28 and initial operations at just over half capacity. The deal, part of ongoing expansion alongside its Asda agreement, is not expected to have a material impact on FY26 and Ocado remains focused on achieving cash-flow positive performance in the near term.

9 sources

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Core AI expands HomeGPT with multimodal design

Core AI Holdings is expanding HomeGPT into a multimodal home design, renovation visualization, and AI-powered residential decision platform, turning a single home photo into interior, exterior, and garden design concepts plus features like item swaps, style matching, and AI video walkthroughs to aid planning before major purchases. The move aims to position HomeGPT as a vertical AI layer for renovation and purchasing decisions amid rising mortgage costs and housing-market uncertainty, with monetization expected through subscriptions and collaboration tools for professionals and designers.

9 sources

Photo: Łukasz Golowanow & Maciek Hypś, Konflikty.pl; edit by Chalger / Wikimedia Commons (Attribution)

Wizz Air MD Delehant Departing July 2026

Wizz Air says Group Managing Director Michael Delehant will leave on July 31, 2026, with senior leaders reporting to CEO József Váradi and an incoming Chief Technical Officer, Jingyuan Sun, set to join. The airline has not named a successor and emphasizes a continuity-focused leadership transition amid the restructuring.

5 sources

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Britain's June borrowing falls, government under fiscal pressure

UK June borrowing came in at 16 billion pounds, down from a year earlier and below forecasts as stronger tax receipts and lower interest costs partly ease near-term fiscal pressure under the new government. However, overall debt remains around 3 trillion pounds and the administration is still navigating fiscal rules while signaling cost-cutting measures and taxes to ease living costs.

8 sources

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ADNOC Approves $6.2B Umm Shaif Gas Project

ADNOC has taken a final investment decision worth about $6.2 billion to develop the Umm Shaif gas cap in Abu Dhabi with TotalEnergies, Eni and CNPC, aiming to unlock more than 600 million standard cubic feet per day by 2030 and strengthen the UAE’s gas supply and LNG capabilities. The investment reflects the UAE’s push to boost domestic gas output and energy security amid rising global demand and regional tensions, with related developments like the Bab gas cap expanding output and LNG capacity.

22 sources

Photo: Ken Lund from Reno, Nevada, USA / Wikimedia Commons (CC BY-SA 2.0)

Wintrust Q2 Profit Rises to $225M

Wintrust Financial posted solid Q2 results with $225.3 million in net income and $3.30 per share on revenue of about $961 million, a year-over-year rise driven by loan and deposit growth. The bank also reported record first-half net income for 2026, driven by strong net interest income and ongoing balance-sheet expansion, and beat consensus estimates for quarterly earnings per share.

15 sources

John B. Sanfilippo & Son Announces $1.05 Special Dividend

John B. Sanfilippo & Son, Inc. announced a $1.05 per share special cash dividend and a $0.95 per share regular annual dividend, totaling about $23.6 million to shareholders, with payments on September 9, 2026 and a record date of August 17, 2026. CEO Jeffrey T. Sanfilippo highlighted that this continues nine years of annual dividend increases and reflects strong financial performance and cash management.

6 sources

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AST SpaceMobile Plans $1B Convertible Notes Due 2034

{"summary": "AST SpaceMobile unveiled plans to raise up to $1 billion in convertible senior notes due 2034, with an option to sell up to $150 million more, to fund growth, secure launch capacity, and pursue partnerships or acquisitions while financing capped call transactions. The move comes as the company carries substantial liquidity but faces investor concerns about cash burn and potential dilution, even as it aims to support its space-based cellular network expansion.", "summary_sources": ["https://www.benzinga.com/trading-ideas/movers/26/07/60485919/ast-spacemobile-stock-tumbles-on-1-billion-offering", "https://www.tipranks.com/news/catalyst/ast-spacemobile-sinks-after-massive-debt-raise-plan", "https://www.stocktitan.net/sec-filings/ASTS/8-k-ast-space-mobile-inc-reports-material-event-d73bdb8682f3.html", "https://www.stocktitan.net/news/ASTS/ast-space-mobile-announces-proposed-private-offering-of-1-0-billion-k7kffvmgauo0.html", "https://www.benzinga.com/news/26/07/60484598/ast-spacemobile-plans-offer-1b-senior-notes-due-2034"]}

11 sources

India raises windfall taxes on diesel, ATF exports

India has raised windfall taxes on diesel and aviation turbine fuel exports to ₹15.5 and ₹14.5 per litre respectively, while trimming the petrol export levy to ₹2.5 per litre, effective July 16 as part of a regular fortnightly review to stabilize domestic fuel availability amid volatile global oil prices and ongoing geopolitical tensions. The move aims to curb export surges, protect domestic supply, and ensure government revenue, with the context of elevated crude prices and supply disruptions influencing policy.

10 sources

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Thinking Machines Inkling Open-Weights AI for Enterprise

Thinking Machines Lab unveiled Inkling, a 975-billion-parameter open-weight model led by Mira Murati, designed for enterprise customization with downloadable weights and a Tinker platform for fine-tuning; it uses a mixture-of-experts architecture to balance efficiency and task-specific performance while signaling uncertainty. The company positions Inkling as a flexible alternative to closed models from OpenAI, Google, and Anthropic, and as a competitive option against Chinese open models.

16 sources

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