Business
Bitcoin Holds Near $79,200 After Briefly Surpassing $80,000 Amid Treasury Moves and ETF Inflows
NEW YORK — Bitcoin traded near $79,195 on Tuesday after climbing above $80,000 for the first time since mid-May, extending a sharp multi-day rally driven by U.S. Treasury bond purchases, strong exchange-traded fund inflows and a wave of short-covering in derivatives markets.
The cryptocurrency rose about 0.27 percent in the latest session, adding roughly $214 from the prior close. Intraday trading saw Bitcoin briefly reach highs near $81,000 to $81,200 before consolidating in the high $78,000 to low $80,000 range. The move marked a recovery of more than 20 percent over the prior week from levels near $63,000 to $64,000 and erased much of the losses accumulated since earlier in the summer.
Market participants pointed to a combination of macroeconomic signals and institutional demand. Last week the U.S. Treasury announced it would expand repurchases of long-dated securities to at least $4 billion per operation, a step aimed at moderating long-term yields. The announcement contributed to a softer U.S. dollar and revived interest in assets viewed as hedges against currency debasement, including Bitcoin and gold.
Spot Bitcoin ETFs recorded robust inflows, with U.S.-listed funds attracting approximately $1.9 billion in net creations during the prior week—the strongest weekly total since October 2025. Daily figures in recent sessions included hundreds of millions of dollars, extending a streak of positive flows that has added billions to month-to-date totals. Analysts noted that the consistent buying helped absorb available supply even as leveraged short positions were forced to cover.
Derivatives markets saw significant liquidations of short positions, estimated in the billions of dollars across crypto platforms earlier in the week. The forced buying amplified the upward momentum once prices began to break higher. Open interest in futures remained elevated, reflecting continued speculative activity around the key psychological level of $80,000.
Bitcoin remains well below its peak of approximately $126,000 reached in October 2025. The recent advance has brought the asset closer to its 50-week moving average near $81,000, a technical threshold watched by some traders as a potential signal of sustained momentum. Support has been identified in the mid-to-high $70,000 area following the rapid recovery.
Broader market context includes ongoing discussions of regulatory clarity in the United States. Recent White House engagement with crypto industry representatives and calls for legislation such as a version of the Clarity Act have contributed to a more constructive sentiment among institutional participants. While no major legislative breakthroughs were announced in the immediate period, the tone of policy signals has reduced some of the regulatory risk premium that weighed on prices earlier in the year.
Trading volume remained elevated during the advance, with 24-hour figures in the tens of billions of dollars as both retail and institutional activity increased. Ethereum and other major cryptocurrencies also posted gains, though Bitcoin’s relative strength underscored its role as the primary benchmark for the sector.
Analysts described the rally as a confluence of liquidity support, improved fund flows and mechanical buying from short liquidations rather than a single catalyst. The Treasury’s bond repurchase program, while not formal quantitative easing, was interpreted by some market participants as a signal of lower tolerance for rising long-end yields, particularly ahead of midterm elections. That perception helped shift capital toward scarce assets.
Short-term technical indicators showed signs of overbought conditions following the rapid climb, with some momentum oscillators reaching elevated levels. Traders monitored whether Bitcoin could sustain closes above $80,000 or would face resistance near the clustered moving averages in that region. Profit-taking and range-bound consolidation remained possible after such a steep multi-day move.
The recovery has restored profitability for many short-term holders who had been underwater earlier in the month. Longer-term holder cost bases remained lower, providing a foundation of less price-sensitive demand. On-chain metrics and exchange flow data continued to be watched for signs of sustained accumulation or distribution.
Looking ahead, attention is focused on upcoming economic data, including inflation readings, and any further commentary from Treasury or Federal Reserve officials. A continued soft-dollar environment and steady ETF demand would support higher prices, while a reversal in bond-market dynamics or a sudden increase in regulatory uncertainty could pressure the asset.
Bitcoin’s market capitalization has expanded by hundreds of billions of dollars during the recent advance, reinforcing its dominance within the broader cryptocurrency complex. The asset’s performance relative to traditional markets and other risk assets remains a key point of analysis for portfolio managers allocating to digital assets.
For now, the price action near $79,000 reflects a market that has absorbed a significant short squeeze, benefited from policy-driven liquidity expectations and seen renewed institutional participation through regulated investment vehicles. Whether the move evolves into a more durable uptrend will depend on the persistence of these supporting factors in the weeks ahead.
Business
Back to school: How to save on uniform costs
Parents can cheaply stock up on frequent-wear items with supermarket bundle deals, while the charity Family Action suggested they team up to bulk buy items that would otherwise take them over budget.
According to research from the bank Nationwide, a third of parents said they buy uniform from supermarkets, a third shop around for the best value and 23% purchase larger sizes so items last longer.
Kate Steere, parent and consumer editor at the comparison site Finder, said sports kit costs can be “brutal”.
“I always encourage parents to tap into their club’s community. Families with older kids are usually eager to pass down gear,” she said.
“My boys’ football team runs a summer sale for second-hand kit, and apps like Vinted or Facebook Marketplace are goldmines.”
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Inflation result puts rate rise on the table
Despite headline inflation falling to 3.5 per cent – the lowest level since November – an above-expectations result adds to the case for more rate hikes.
Business
Sale of SeaLink Rottnest ferry service scrapped
The planned $15 million sale of the SeaLink Rottnest ferry service to the owner of the competing Rottnest Express service has been cancelled after coming under ACCC scrutiny.
Business
Motorcycle Holdings FY2026 slides: profit surges 43%, margin expansion

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Business
Dolly Parton’s remarkable legacy of giving extends far beyond music
Music icon Dolly Parton has passed away at the age of 80 due to health complications in Nashville, Tennessee.
Country music icon Dolly Parton, who died Tuesday in Nashville, spent decades turning her success into support for children, medical research and communities recovering from disasters.
One of Parton’s best-known philanthropic efforts, Dolly Parton’s Imagination Library, has distributed more than 332 million free books since its founding, according to the organization’s website.
The program mails free books each month to children from birth to age 5. It launched in Sevier County, Tennessee – where Parton was raised – in 1995, expanded nationally in 2000 and later reached several other countries.
“The seeds of these dreams are often found in books and the seeds you help plant in your community can grow across the world,” Parton said, according to the organization’s website.
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Dolly Parton’s free book gifting program has distributed more than 332 million free books since its founding. (Jason Kempin/Getty Images)
The Imagination Library is the signature program of the Dollywood Foundation, which Parton established in 1988 to improve educational outcomes in Sevier County.
The foundation initially focused on reducing the local high school dropout rate before expanding its mission to promote childhood literacy.
Parton’s giving extended well beyond education.
After wildfires destroyed the homes of more than 1,000 Sevier County families in 2016, Parton asked the foundation to create the My People Fund.
The fund provided affected families with $1,000 per month for six months. By May 2017, it had raised and distributed more than $12 million. Additional money funded one-time scholarships for high school seniors who lost their homes, according to the Imagination Library.
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Dolly Parton established the Dollywood Foundation in 1988 to improve educational outcomes in her childhood home of Sevier County, Tennessee. (Katherine Bomboy/NBC via Getty Images)
Parton also contributed millions of dollars to medical research.
In 2020, she donated $1 million to Vanderbilt University Medical Center in Nashville to support COVID-19 research, according to BBC News.
In 2022, she contributed another $1 million for pediatric infectious disease research at Vanderbilt University Medical Center, according to the Vanderbilt Health website. That same year, Parton received the Carnegie Medal of Philanthropy.
In the aftermath of Hurricane Helene in 2024, Parton donated $1 million to the Mountain Ways Foundation to help flood victims. Several of her East Tennessee businesses and the Dollywood Foundation pledged to match her gift with another $1 million, according to an announcement at the time from the Mountain Ways Foundation.
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Parton received the Carnegie Medal of Philanthropy in 2022 for her decades of charitable work. (Ron Davis/Getty Images)
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“We believe that her many philanthropic achievements embody the values of our founder, who, with us, would surely greet Parton with ‘affection, gratitude, and admiration,’” the nonprofit stated at the time.
Parton died in Nashville, Tennessee on Tuesday, according to a press release obtained by Fox News Digital.
Her nephew revealed the news in an Aug. 25 Instagram video. The news comes after Parton spent months battling an unknown health issue.
Fox News Digital’s Christina Dugan Ramirez contributed to this report.
Business
Disney offers early retirement to executives ahead of restructuring
Allianz chief economic advisor Mohamed El-Erian joins ‘Varney & Co.’ to discuss concerns over higher interest rates, America’s $40 trillion debt and the Trump administration’s economic pressure campaign against Iran.
Disney is moving forward with a program allowing longtime employees in certain roles the opportunity to accept an early retirement package ahead of anticipated restructuring.
The entertainment giant outlined the voluntary early retirement offer (VERO) available to tenured executives who meet eligibility criteria in an internal email sent by Disney Chief People Officer Sonia Coleman, which was reviewed by FOX Business. The early retirement program was first reported by Deadline.
Coleman’s note said that the voluntary early retirement packages are time-limited and are one of several actions Disney is taking to restructure the organization, including involuntary staff reductions that are underway in some parts of the company and are expected to continue into next year.
Disney’s memo said the eligibility criteria for executives and indicated that they will receive separate, personalized communications from the company that specify details of the offer, the election process, important dates and other resources that will be available to them as they weigh their decision.
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Disney is offering certain executives with at least 10 years of service the opportunity to take a voluntary early retirement package amid restructuring. (AaronP/Bauer-Griffin/GC Images)
To be eligible for the voluntary early retirement package, employees must be based in the U.S. in roles ranging from director to executive vice president in Disney Entertainment, ESPN and the corporate divisions. They must also have 65 points – calculated based on their age plus years of service – with a minimum age of 50 and at least 10 years of service.
Disney’s offer includes separation pay, continued vesting of equity awards, healthcare support at active employee rates, as well as continued Silver Pass access.
Eligible executives will be given a defined election window followed by a confirmation period so they have an opportunity to consider whether accepting the VERO is the right decision for them. Participation is voluntary and eligible executives aren’t required to opt in to the early retirement plan.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 111.25 | +0.64 | +0.58% |
The company’s intent with the voluntary retirement program is to give eligible employees a chance to make a decision on their own terms before Disney proceeds with finalizing broader organizational decisions.
The voluntary early retirement offer is time-limited, and once it closes, the company will continue moving forward with addressing organizational needs through its standard reduction-in-force process that will be on a separate timeline.
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Disney CEO Josh D’Amaro previewed workforce reductions in a shareholder letter earlier this month. (Adam Kissick/SXSW Conference & Festivals via Getty Images)
Earlier this month, Disney CEO Josh D’Amaro and CFO Hugh Johnston said in a letter to shareholders that they “remain highly focused on reducing costs across the enterprise to create incremental capacity for growth and are evaluating a variety of levers, including reductions in labor and SG&A.”
They added at the time that they were “mid-stream in this work” and would provide future updates.
Business
Chrysler recalls nearly 75K Dodge Durango SUVs over loose spoilers
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Chrysler has recalled nearly 75,000 SUVs over a manufacturing defect that could cause certain parts to break loose while driving, creating unexpected road hazards and significantly increasing the risk of a crash, according to federal regulators.
Nearly 74,578 Dodge Durango vehicles from the 2021-2023 model years are affected by the recall, which was submitted to regulators on Aug. 13, the National Highway Traffic Safety Administration (NHTSA) said.
According to the recall notice, the vehicles may have rear spoilers that were improperly aligned during installation, causing the spoiler to strike the vehicle’s roof whenever the liftgate opens and closes. Over time, the impact can weaken the spoiler’s structural integrity and cause it to detach while the vehicle is in motion.
“Rear spoilers which detach from a vehicle may create road debris and increase the risk of a vehicle crash,” the notice said.
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A brown Dodge Durango SUV is shown with a rear spoiler attached to its liftgate. (AFP PHOTO/Stan HONDA / Getty Images)
Regulators said the safety defect was previously addressed under two recall campaigns filed in 2021 and 2023 but warned that owners must return for additional repairs due to persistent issues.
The affected vehicles were manufactured between July 13, 2020, and March 28, 2023.
Approximately 0.8% of the recalled vehicles are estimated to contain the defect. No crashes or injuries have been reported.
MORE THAN 20,000 OFF-ROAD MOTORCYCLES RECALLED OVER DANGEROUS BRAKE DEFECT THAT COULD LEAD TO DEATH

Cars are parked outside a Chrysler, Dodge, Jeep, and Ram showroom in New York. (Deb Cohn-Orbach/UCG/Universal Images Group / Getty Images)
As of July 29, 2026, Chrysler reportedly identified 116 warranty claims, eight customer assistance records and 37 other service reports related to post-remedy failures.
The final, permanent technical repair is currently under development by Chrysler, according to officials.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| STLA | STELLANTIS NV | 5.26 | +0.04 | +0.77% |
Dealers were formally notified on Aug. 20, and searchable vehicle identification numbers became available on NHTSA.gov the same day, officials said.
Owner notification letters are scheduled to begin mailing on Sept. 10, 2026.

The Chrysler logo is displayed on the service department at a Chrysler Jeep and Dodge dealership on May 2, 2011, in Vallejo, California. (Justin Sullivan / Getty Images)
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Owners can contact Chrysler customer service at 1-800-853-1403 or the NHTSA Vehicle Safety Hotline at 1-888-327-4236.
Business
Symbotic CTO James Kuffner sells $160,421 in stock

Symbotic CTO James Kuffner sells $160,421 in stock
Business
Firms scramble for battery power in Spain and Portugal
Firms across Europe have been switching to electricity from fossil fuels for their industrial needs, encouraged by subsidies from EU funds.
While that is helping bring down emissions of climate-warming gases, it has also made firms more vulnerable to power cuts.
And in Spain and Portugal that threat was made painfully clear last year.
On both sides of the border, firms are looking for ways to avoid disruption.
“The industrial sector has been one of the first to look at storage systems, since it can’t have its production drop off too abruptly,” says Miguel Matias, founder of the Portuguese energy services company Self Energy, headquartered in the UK.
“A backup for a few hours, or even minutes, might guarantee that machines don’t get damaged,” he says.
And there have been more recent incidents to spur investment.
At the end of January, Storm Kristin toppled thousands of electricity and telecom poles across central Portugal, cutting power and communications to hundreds of thousands of people – some for weeks.
So, companies and other organisations have been taking action.
In Spain, battery storage capacity has risen almost sevenfold since last April, from about 28 MW before the blackout to 193MW in April 2026, according to the grid operator Red Eléctrica.
And much more capacity is planned.
In December, the IDAE, Spain’s Institute for the Diversification and Saving of Energy, awarded €827m in EU funds to 133 energy storage projects totalling 2,400MW. Around 80% of that is battery storage.
The new capacity will be close to 10 times the amount that Red Eléctrica currently registers on the Spanish grid.
It’s all good news for battery suppliers.
“We are seeing not only an increase in demand, but also a clear evolution in customer requirements,” says Alberto Bodegas, from battery storage company Sungrow.
Traditionally, commercial and industrial clients were looking for partial or full backup solutions, Bodegas says.
Today, Bodegas says customers are demanding more advanced capabilities, such as seamless backup, meaning the switch from grid to backup occurs instantaneously and without any noticeable interruption.
This is particularly critical for sensitive environments such as hospitals and data centres.
Delivery times are also crucial for buyers, currently under tight deadlines linked to EU funding programmes. Battery companies are being pressed to meet increasingly shorter delivery dates, Bodegas says.
Business
Explainer-What are H-1B visas for skilled workers and what changes loom?

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