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8/11
06:20
U.S. President Donald Trump posted on social media on August 10, Eastern Time, demanding compensation from Iran for military conflict losses and instructing his representatives to include this demand in all future negotiations. This statement further dampened market hopes for a swift agreement to reopen the Strait of Hormuz, causing Brent crude to briefly surpass $90/barrel on Tuesday. Analysts from institutions such as Jefferies and Capital Economics warned that if the Strait of Hormuz blockade continues, the market will raise the probability of a long-term blockade, and oil prices could reach a "tipping point" in early Q4, at which point oil prices might further jump to $120-$140/barrel.
06:20
Energy Transfer (ET) reported its Q2 distributable cash flow climbed to $2.59 billion from $1.96 billion a year earlier. The company also updated its 2026 full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance to $18.8 billion to $19.1 billion, up from a prior forecast of $18.2 billion to $18.6 billion. This follows a July dividend increase, marking the 19th consecutive quarter of boosted payouts, with the stock currently yielding 6.7%. Co-CEO Thomas Long noted customer interest in services for data centers and power facilities, and advanced negotiations for additional natural gas volumes in six states.
06:19
Modiv Industrial (NYSE:MDV) stockholders approved the proposed merger with GNL Motion Merger Sub, LLC, along with related transactions involving Global Net Lease and affiliated entities. Stockholders also approved an advisory executive-compensation proposal.
06:14
According to Zillow mortgage market data, as of August 11, the average interest rate for a 30-year fixed mortgage in the US was 6.59%, up 8 basis points from the previous day; the 15-year fixed mortgage rate was 5.97%, down 4 basis points; and the 5/1 ARM rate was 6.52%, up 15 basis points from Monday. This comes as former US President Donald Trump stated that the US is currently handling negotiations with Iran "quietly."
06:05
Alibaba Group said that through its proprietary modular architecture CUBE 5.0, it can shorten the delivery time of large-scale AI data centers to 100 days while reducing construction costs by 10%. This move aims to address the surge in demand for artificial intelligence infrastructure.
06:03
Atlassian (NASDAQ: TEAM) stock has surged 166% from its 52-week low in April. The company's fourth-quarter revenue reached $1.77 billion, a 28% year-over-year increase, surpassing Wall Street's average forecast of $1.66 billion. Meanwhile, its GAAP profit hit $139.1 million, compared to a net loss of $23.9 million in the same period last year; adjusted (non-GAAP) profit was $473.1 million, up 83% year-over-year. CEO Mike Cannon-Brookes stated that the company plans to repurchase $250 million worth of shares in the open market.
05:56
Panmure Liberum's commodity team, led by analyst Tom Price, believes copper offers similar inflation protection to gold but also provides an industrial-backed demand growth story that gold lacks. They note that copper's price action suggests it is largely indifferent to U.S. interest rates, unlike many no-yield commodities.
05:54
The Kurdistan Regional Government (KRG) stated that the regional conflict, which has seen over 1,000 missile and drone attacks on the region since February, has severely impacted its economy. KRG Prime Minister Masrour Barzani noted the region has "paid a heavy price," while a KRG spokesman estimated losses at 1.5 trillion Iraqi dinars ($1.14 billion) by April. Additionally, Iraq's Oil Ministry declared force majeure on all foreign-developed oilfields, citing disruptions to navigation through the Strait of Hormuz, which has halted most of the country’s crude exports.
05:52
The Zurich-headquartered, U.S.-listed company stated it would protect “full-price integrity in a promotional marketplace” ahead of “breakthrough innovations” in 2027, taking a “disciplined” approach.
05:42
Ramsey highlights that Social Security benefits are designed to replace only 40% of pre-retirement income, with the estimated average monthly benefit for 2026 being $2,071. He points to a 2023 study indicating 42% of Americans are not saving for retirement, and only 1 in 10 save the recommended 15% or more of their income. To address this, Ramsey advises setting a minimum monthly savings benchmark of 15% of gross income, utilizing tax-advantaged accounts like 401(k)s and Roth IRAs, and considering investments in precious metals like Gold IRAs.
05:42
Nasdaq-listed company SAIHEAT has signed a definitive merger agreement with Canopy Wave, a California-based AI inference and GPU cloud platform company. The transaction aims to pivot the combined company towards the AI inference business while retaining SAIHEAT's existing modular data center infrastructure business. Under the agreement, Canopy Wave is valued at $60 million and SAIHEAT at $40 million. The merger is expected to be completed by the end of this year, at which point former Canopy Wave shareholders will hold 54.19% of the economic interest and 78.44% of the voting rights in the combined company. The merged entity will operate under the name Canopy Wave and plans to list on Nasdaq under the ticker symbol "CWAV".
05:36
A Wall Street Journal analysis, citing FactSet data, indicates that large-cap pharmaceutical and health insurance stocks have moved into negative correlation with semiconductor exchange-traded funds in recent months. This suggests that the momentum of the artificial intelligence boom is now a primary driver for healthcare stocks, with them tending to catch a bid when chip stocks sell off.
05:32
SK Hynix's indirect stake in Kioxia, held through a special purpose vehicle, has risen to 14.19%, surpassing Toshiba's 14.06% and making it the largest shareholder in the Japanese NAND manufacturer. According to an August 10 report by Nikkei, Toshiba had previously reduced its Kioxia stake seven consecutive times between July 15 and August 3. However, SK Hynix's holding is currently in the form of convertible bonds (CBs) and does not yet carry direct voting rights. Whether it can convert these bonds into shares and expand its influence in the future will depend on factors such as regulatory approval.

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