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8/3
06:16
Goldman Sachs added Applied Materials (AMAT), Delta Air Lines (DAL), Microsoft (MSFT), O'Reilly Automotive (ORLY), Viking Holdings (VIK), and United Parcel Service (UPS) to its US Conviction List. Meanwhile, the firm removed Broadcom (AVGO), Dick's Sporting Goods (DKS), Johnson & Johnson (JNJ), and ServiceNow (NOW) from the list.
06:16
The annualized basis yield on Bitcoin futures, once over 20% during the 2021 bull market, has fallen to just 3%, consistently underperforming the average 3.8% yield on two-year U.S. Treasuries since February. This trend, which has lasted over five months, marks the longest such period since August 2022 to January 2023, according to Glassnode. The collapse in yield reduces the incentive for carry traders to deploy capital into futures, contributing to a slowdown in Bitcoin futures activity, with July volume at $880 million, down from February's $1.47 trillion peak. This shift indicates greater market liquidity and maturation, as shrinking inefficiencies lead to tighter bid-ask spreads and fewer arbitrage opportunities.
06:13
Oil companies have generated substantial profits during the Iran War, though their future operations are projected to be costly.
06:09
The world's largest asset manager, BlackRock, is setting its sights on infrastructure development in Mexico and has already begun competing with rivals such as Apollo for multiple projects in the country.
06:08
As of Monday, August 3, 2026, Forbright Bank is offering the highest annual percentage yield (APY) for high-yield savings accounts at 4.15%. This rate significantly surpasses the average 0.38% APY found in traditional savings accounts, with most high-yield options generally ranging between 3% and 4%.
06:03
New York Fed President John Williams strongly supported the latest FOMC decision, adding that the Fed will act if inflation stalls. He also expects Middle East-driven price pressures to fade and stressed that the Fed need not follow market pricing.
06:03
The divestment, first announced in March, is part of BP's ongoing portfolio optimization strategy. The Gelsenkirchen complex, with a crude distillation capacity of approximately 265,000 barrels per day, includes the Horst and Scholven sites and the Bottrop tank farm. BP stated the transaction is expected to be free cash flow accretive and strengthens its balance sheet.
06:03
The US-based clinical-stage developer of radiopharmaceuticals for cancer treatment will use the capital to advance its ATLAS clinical trial for advanced sarcomas, move a next-generation radioligand therapy candidate into clinical studies, and expand its discovery pipeline. Existing investors Duquesne Family Office and Bristol Myers Squibb participated in the round, joined by new investors Catalio Capital Management, Eli Lilly and Company, and Wasatch Group.
06:03
The analyst pointed out that after SpaceX went public on June 12, its stock price surged to $225 but had fallen by half to $108 by July 31, with a market capitalization of $1.43 trillion. However, its revenue for the past four quarters was only $19.3 billion, resulting in a price-to-sales ratio as high as 74x. In contrast, Microsoft (NASDAQ: MSFT) showed strong performance in fiscal year 2026 (ending June 30), with its Azure cloud platform's annual revenue exceeding $100 billion for the first time, growing 43% year-over-year in the fourth quarter, and boasting a $678 billion backlog of Azure orders. Additionally, Microsoft's Copilot for 365 licenses reached 30 million by June 30, a 50% increase from March 31. Microsoft's stock price rose 15% after its earnings report on July 30, but its P/E ratio remains at 25.1x, a 21% discount to its five-year average and significantly lower than the Nasdaq 100 index's 33.1x. Its price-to-sales ratio is 10.1x, much lower than SpaceX, indicating a more attractive valuation.
06:02
Morgan Stanley strategist Michael Wilson said momentum-style equity investing is poised to rebound from a sharp retreat, with sectors showing strong earnings set to replace chip stocks in leading the market’s gains.
06:01
According to DeItaone, several firms have updated their price targets:

* **IONS**: JPMorgan raised PT to $76 from $72.
* **IQV**: HSBC raised PT to $280 from $240.
* **JLL**: KBW raised PT to $415 from $375.
* **JPM**: Jefferies raised PT to $370 from $350.
* **KKR**: TD Cowen raised PT to $111 from $108.
* **KOD**: JPMorgan raised PT to $66 from $56.
* **LH**: JPMorgan raised PT to $360 from $330.
* **LNC**: Jefferies raised PT to $60 from $57.
* **LYV**: TD Cowen raised PT to $194 from $177.
* **MSA**: JPMorgan raised PT to $220 from $210.
* **NBTB**: KBW raised PT to $54 from $52.
* **NWL**: RBC raised PT to $5 from $4.
* **NBN**: Piper Sandler raised PT to $151 from $145.
* **PWP**: KBW raised PT to $21 from $19.
* **PFG**: Jefferies raised PT to $102 from $98; JPMorgan raised PT to $107 from $106.
* **PFS**: KBW raised PT to $28 from $26.
* **RYAN*
06:00
JPMorgan Chase raised its price target on AbbVie (ABBV) from $280 to $285, Morgan Stanley from $278 to $296, and Canaccord Genuity from $282 to $290. Additionally, Leerink Partners raised its price target on Agios Pharmaceuticals (AGIO) from $62 to $73.
05:58
Ripple stated that these investments aim to integrate regulated transfer agency, issuance, and collateral mobility into its infrastructure on the XRP Ledger.
05:57
Investment firms have made several rating adjustments: Stifel upgraded IR to Buy, raising its price target to $101 from $84. Jefferies upgraded PSN to Buy, though cutting its price target to $52 from $60. TD Cowen initiated coverage on CRCL with a Buy rating and an $82 price target. Meanwhile, JP Morgan downgraded LAUR to Neutral and initiated coverage on RBLX with a Neutral rating and a $40 price target.
05:52
The Indian government has proposed extending a tax exemption for foreign companies providing machinery and equipment to contract manufacturers until 2041. This move is seen as a significant victory for Apple, which had lobbied for it and is rapidly expanding its iPhone manufacturing operations in India. According to Counterpoint Research, iPhones made in India are expected to account for 26% of global production by 2026, up from 6% four years ago. Additionally, India has proposed exempting income tax for foreign companies storing and providing components used in manufacturing electronic parts until 2041, and simplifying tax relief for foreign companies using data center services, allowing them to lease data centers to reduce capital requirements. India has also proposed a 15-year tax reduction for foreign diamond miners and traders selling rough diamonds through designated trading zones.
05:52
Indian rapid-commerce firm Zepto faced a 68% cut to its valuation during its initial public offering roadshow last month, prompting the company to delay its listing, according to people familiar with the matter.
05:49
Robinhood's U.K. arm was added to the Financial Conduct Authority's (FCA) list of registered cryptoasset companies as of July 31. This registration signifies compliance with the regulator's anti-money laundering (AML) requirements under the existing regime, which has been in effect since 2020. The move comes before a more comprehensive crypto regulatory framework is set to launch in the UK, with the authorization process opening at the end of September.
05:32
The Japanese automaker achieved the net profit for the April-June quarter due to improving business performance and rigorous cost management, as it implements its Re:Nissan business restructuring plan. Nissan remains committed to returning to profitability for the full fiscal year ending March 2027, which would be its first in three years.
05:29
The funding round saw participation from Arm, Fundomo, Hudson River Trading, and Netflix co-founder Reed Hastings, among others. OLIX, founded in 2024, develops infrastructure for frontier AI inference, including its X-1 platform and DX-1 chip, which is designed to deliver over 10,000 tokens per second per user. The company aims for initial customer access in the second half of 2027. OLIX also announced the appointment of Professor Nick McKeown to its board of directors and Matt Briers as CFO.

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