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Global Market Today | Asian markets retreat following decline in US stocks

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Global Market Today | Asian markets retreat following decline in US stocks
Asian stocks edged lower from record levels after a decline in Wall Street benchmarks, as sentiment was weighed down by a muted reaction to Nvidia Corp.’s earnings.

Japan’s Nikkei and South Korea’s Kospi indexes both slipped at the open, keeping the MSCI Asia Pacific Index little changed in early Friday trading. Even so, the gauge has gained more than 6% in February — set for a third consecutive monthly advance — and widen its outperformance over US and European benchmarks this year.

Futures contracts for US benchmarks also retreated in early Asian trading after the S&P 500 Index dropped 0.5% and the Nasdaq 100 fell 1.2% on Wednesday. Nvidia slumped 5.5%, its worst day since April last year, weighing on the Magnificent Seven group of mega-caps.

The moves were a further sign of the market’s vulnerability to AI headlines, as investors, businesses, governments and central banks all attempt to understand the long-term impacts of the quickly advancing technology. By contrast, Asian equities have outperformed as investors pile into companies supplying the AI build-out, viewing the region’s firms as the “picks and shovels” of the AI supply chain.

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The sober response to Nvidia’s results, which included beats on revenue, net income and guidance, was partly because investors now expect such outperformance, according to Hardika Singh at Fundstrat Global Advisors.


“But where it did miss was easing investors’ concerns about its narrowing moat in the evolving world of compute and explaining its gameplan for how it’ll fare in a world of AI disruption that could upend all kinds of businesses from cybersecurity to food delivery to banks,” she said.
Elsewhere, Treasuries held their gains with the yield on the 10-year hovering around 4%. At one point during the US session, it touched its lowest this year. Australia’s 10-year yield declined five basis points to 4.65% early Friday. The dollar wavered.West Texas Intermediate crude largely held its losses to trade around $65.25 a barrel. The US and Iran will continue nuclear talks next week after making “significant progress” in Switzerland, mediator Oman said.

Meanwhile, AI headlines continued to hit the market even after the closing bell in New York.

Shares in Jack Dorsey’s payments giant Block Inc. surged more than 20% in after-market trading following news the company would cut nearly half its workforce — some 4,000 roles — in a pivot to AI. Dell Technologies Inc. shares also jumped in extended trading after a better-than-expected outlook for sales of artificial intelligence servers.

Amid the turmoil, Asian and other emerging markets have been a bright spot for traders. Asian stocks have made their beset start versus the US this century.

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The MSCI Asia Pacific Index has advanced in February, taking the year-to-date gains to 15%. In comparison, the S&P 500 has gained 0.9% this year, while the Nasdaq 100 Index has fallen by the same amount.

Global asset managers who collectively oversee more than $20 trillion of assets have grown more bullish across emerging-market equities, currencies, domestic bonds and credit, potentially offering fresh momentum to the sector’s record-busting rally.

Citigroup Inc., which reviewed the published outlooks of some of the world’s biggest asset managers, found that funds had added to long positions in markets across Asia, Latin America, as well as Europe, the Middle East and Africa. The findings came as MSCI’s main emerging equity index trades close to record highs.

In Japan, Tokyo’s core inflation gauge eased to the slowest pace in more than a year as Prime Minister Sanae Takaichi’s utility subsidies curbed household energy costs. The yen was a touch stronger Friday.

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Cuba slams US for ’impunity’ on speedboat attack suspects

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Cuba slams US for ’impunity’ on speedboat attack suspects


Cuba slams US for ’impunity’ on speedboat attack suspects

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Burger King Elevates Iconic Whopper with Premium Bun

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A Burger King logo is seen outside a restaurant in Moscow, Russia June 3, 2022.

Burger King announced Feb. 26, 2026, the first significant enhancements to its signature Whopper sandwich in nearly 10 years, responding directly to customer feedback with upgrades to the bun, mayonnaise and packaging while preserving the flame-grilled beef patty that defines the iconic item.

A Burger King logo is seen outside a restaurant in Moscow, Russia June 3, 2022.
A Burger King logo is seen outside a restaurant in Moscow, Russia June 3, 2022.

The changes, described by the chain as an “elevation” rather than a reinvention, aim to deliver a “higher-quality Whopper experience” from the first bite to the last. The revamped Whopper now features a more premium, better-tasting bun, creamier and improved mayonnaise, freshly cut onions and tomatoes, crisp lettuce, tangy pickles, and new clamshell box packaging designed to prevent squishing and ensure the burger arrives looking as perfect as when it left the kitchen.

“Over the past several years, we’ve focused on strengthening our operations and modernizing our restaurants to build a more consistent foundation across the system,” Burger King U.S. & Canada President Tom Curtis said in the company’s press release. “With that work well underway, we’re now in a position to thoughtfully elevate our core menu. The Whopper is an icon, so we didn’t set out to reinvent it. Instead, we elevated it based on direct Guest feedback.”

The updates follow a recent initiative where Curtis invited customers to call or text him personally with suggestions, part of Burger King’s broader push to incorporate guest input into operations, restaurant aesthetics and menu decisions. Complaints about smashed burgers, soft buns that failed to hold up, and ingredients spilling out during transport prompted the packaging shift and ingredient tweaks.

The core remains unchanged: more than a quarter-pound of 100% flame-grilled beef, sesame seed bun (now upgraded), and classic toppings. The chain emphasized that the flame-grilled flavor — a hallmark since the Whopper’s 1957 debut — stays intact.

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Rollout began this week across more than 7,000 U.S. restaurants, with franchisees absorbing an estimated additional $4,000 per location annually in costs. Burger King advised owners against raising prices to maintain affordability.

Social media and food blogs reacted quickly. Some fans praised the move for addressing long-standing gripes about presentation and texture, while others expressed skepticism about noticeable differences in taste. Early taste tests by outlets like CBS News and YouTube reviewers noted subtle improvements in bun freshness and mayo creaminess, with the box preventing the common “squished” look.

The Whopper has long been Burger King’s flagship item, often credited with helping the chain compete against McDonald’s Big Mac since its introduction. Past tweaks, like the 2015-2017 removal and return of artificial ingredients, focused on “cleaner” formulations, but this marks the most comprehensive structural update in recent memory.

Industry analysts view the changes as part of Burger King’s turnaround efforts under Restaurant Brands International. The chain has modernized stores, improved consistency and launched items like the Breakfast Whopper to boost traffic. The Whopper upgrades align with consumer demands for better quality in fast food amid rising expectations from premium competitors and home cooking trends.

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No immediate price adjustments were announced, though franchise cost increases could pressure margins if not offset by higher sales volume. The company highlighted the changes as a way to enhance perceived value without altering the beloved formula.

Customer reactions varied online. Reddit threads in fast-food communities debated whether the premium bun would hold up better during drive-thru transport, with many hoping for less mess. Some longtime fans worried any alteration might dilute the nostalgic appeal, but most welcomed fixes to practical issues.

Burger King positioned the update as proof of its responsiveness, building on Curtis’ direct outreach. The president’s feedback line, launched earlier in February, already influenced other operational tweaks.

As fast-food chains navigate inflation, labor costs and shifting tastes, subtle premiumizations like this help retain loyalty without alienating price-sensitive customers. The Whopper’s enduring popularity — millions sold annually — makes it a safe bet for refinement rather than overhaul.

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With the rollout underway, Burger King invites guests to try the elevated version and share thoughts, continuing the feedback loop that sparked the changes. Whether the updates translate to noticeable improvements or simply polish an already iconic sandwich remains a question for diners nationwide.

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Data tool to spot families due financial support

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Data tool to spot families due financial support

Households entitled to national benefits will be identified by the new system.

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South Korea approves Google bid to export high-precision map data

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South Korea approves Google bid to export high-precision map data


South Korea approves Google bid to export high-precision map data

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Gumtree knocks back $42m takeover, returns to profitability

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Gumtree knocks back $42m takeover, returns to profitability

Gumtree Markets Australia’s board has knocked back a $42 million takeover offer, while posting its first profitable result in over two years.

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South Sydney Rabbitohs to maintain WA hold despite Bears intro

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South Sydney proud of WA relationship, would welcome opportunity to participate in inaugural Perth Bears home game next year

South Sydney Rabbitohs chief executive Blake Solly says the club will maintain its connection with WA, despite the introduction of the Perth Bears from next season.

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Green light for Tonic Group’s solar farm in Binningup

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Green light for Tonic Group’s solar farm in Binningup

A development assessment panel has approved Tonic Group’s $160 million proposal to build a solar farm and battery storage in the state’s South West.

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Mach7 Technologies Limited (TDMMF) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Francoise Dixon
Head of Investor Relations

And welcome to Mach7 First Half FY ’26 Results Briefing. My name is Francoise Debelak, and I’m Head of Investor Relations for Mach7. Today, our CEO, Teri Thomas; and our CFO, Daniel Lee, will provide an overview of the first half results. We will then open it up for questions. [Operator Instructions]

I’ll now hand over to Teri.

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Teri Thomas
CEO, MD & Director

Thank you, Francoise. And hello, everybody, and thank you for joining us for the first half fiscal year 2026 results. Let me start with something that I think we can all align on. Sales matters. Sales fuels growth. It funds innovation and innovation fuels more growth. And ultimately, sales drives shareholder value.

Now I happen to love sales. I’ve spent more time in sales than any other role in my career, and I believe it makes the business world go around. But more importantly, I know that sustainable, disciplined sales growth is what you want to see from Mach7, and I do too. Good news is we now have an enhanced, growing and focused team driving progress, strengthening pipeline quality, improving conversion discipline and aligning our commercial engine with our strategy. You’ll hear more about that shortly, including a guest appearance later in the presentation.

So let’s begin. On our vision, before getting into performance, I really want to ground us into who Mach7 is and where we’re going. Our vision is simple, but it’s ambitious, to be the global imaging EMR. We win by completing the patient picture with the patient’s pictures, and we do it

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Bill Gates Says He Brought Foundation Executives to Meetings With Jeffrey Epstein

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Bill Gates Reveals He Didn’t Feel ‘Successful’ for Decades

Bill Gates has publicly apologized to staff at the Gates Foundation for his ties to convicted sex offender Jeffrey Epstein, admitting his actions cast a shadow over the philanthropic organization while insisting he was never involved in Epstein’s crimes.

In a town hall on Tuesday, the Microsoft co-founder addressed foundation employees, acknowledging he made mistakes that affected the group’s reputation. “It was a huge mistake to spend time with Epstein,” Gates said.

“I apologize to other people who are drawn into this because of the mistake that I made.” He added, “I did nothing illicit. I saw nothing illicit.”

According to CBS News, Gates first met Epstein in 2011, three years after Epstein pleaded guilty to soliciting a minor for prostitution.

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The billionaire admitted that he brought Gates Foundation executives to some meetings with Epstein in hopes of raising money for global health causes.

“Epstein talked about the kind of intimate relationship he had with a lot of billionaires, particularly Wall Street billionaires,” Gates said.

“Because he had other prestigious people at these meetings, that made it easier for me to feel like this was a normalized situation.”

Bill Gates Admits Affairs With Two Russian Women

He also explained that his former wife and foundation co-founder, Melinda French Gates, was skeptical of Epstein from the start.

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“To give her credit, she was always kind of skeptical about the Epstein thing,” he told staff. Gates continued meeting with Epstein until 2014, flying on a private jet and spending time with him in Germany, France, New York, and Washington, though he denied ever visiting Epstein’s private island or staying overnight with him.

Gates also admitted to personal failings, saying he had two affairs with Russian women—one a bridge player, the other a nuclear physicist—that Epstein later discovered.

“I did have affairs, one with a Russian bridge player who met me at bridge events, and one with a Russian nuclear physicist who I met through business activities,” he said. Gates stressed that none of these relationships involved Epstein’s victims, FoxBusiness reported.

The billionaire acknowledged that the association with Epstein and newly released Justice Department files had affected the foundation’s work and public perception.

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“It definitely is the opposite of the values of the Foundation and the goals of the Foundation,” he said. “And our work is very reputationally sensitive. People can choose to work with us or not work with us.”

A Gates Foundation spokesperson noted that Gates holds town halls twice a year and “spoke candidly, addressing several questions in detail, and took responsibility for his actions.”

Originally published on vcpost.com

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Review: Roots run deep at Swinney

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Review: Roots run deep at Swinney

REVIEW: New releases from a hot 2024 vintage show a producer at the top of its game.

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