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8/12
11:02
Stanley believes July's broadly in-line inflation report, which showed unrounded core CPI rose 0.215% month-over-month (equivalent to a 2.6% annualized pace), is unlikely to sway the Federal Reserve's September policy decision.
11:01
24/7 Wall St. has issued a "buy" recommendation for Qualcomm (QCOM), setting a price target of $226.08, which implies a 38.97% upside over the next 12 months from its August 11 closing price of $162.68. The analysis suggests the market is overlooking Qualcomm's strong growth in non-handset segments, particularly automotive, which grew 61% in Q3, and the upcoming hyperscaler data center shipments slated for December 2026. CEO Cristiano Amon targets $40 billion in non-handset revenue by fiscal 2029, nearly doubling a previous target. Qualcomm currently trades at 16x forward earnings, compared to Broadcom's 23x, which analysts believe undervalues its diversification efforts.
10:40
The forecast by the Senior Citizens League is based on inflation data released Wednesday, which showed consumer prices in July rose 3.4% over the prior year. If this projection holds, the 2027 COLA would be the highest in four years. Additionally, Medicare Part B premiums are projected to climb 3.5% in 2027, reaching $209.50 per month.
10:39
Signia Small Cap Value Strategy, under Signia Capital Management, disclosed in its Q2 investor letter that it had fully exited its position in mining company Hudbay Minerals Inc. (NYSE:HBM) in the first half of 2026. The strategy acquired HBM in January 2024 at approximately $5 per share and sold it in the $21-23 price range after reaching its internal valuation target. As of August 11, 2026, HBM's stock price was $27.67, having risen 144.22% over the past 52 weeks.
10:39
Super Micro Computer (SMCI) reported strong Q2 earnings, which analysts noted had a positive "read-through" for NVIDIA (NVDA) given Supermicro's role as an integrator of NVIDIA chips. Supermicro's stock jumped on Wednesday following the news, with NVIDIA's shares also rising.
10:11
Beyond Meat announced it will implement a 1-for-30 reverse stock split, effective August 13 at 11:59 pm Eastern Time, with split-adjusted trading beginning August 14. The move is intended to help the company regain compliance with Nasdaq's minimum bid price requirement, after receiving a delisting warning in March for its shares trading below $1 for 30 consecutive business days. The company has until August 31 to restore compliance. Beyond Meat's stock has slumped almost 84.6% in the past 12 months, last trading at $0.42.
10:09
Google (Alphabet) on Wednesday unveiled its new Pixel 11 series of smartphones, placing its most capable Gemini AI model to date at the core of the device. The move comes weeks before Apple is expected to launch a rebuilt version of Siri powered by Google's AI model, putting Google in direct competition with Apple in the AI phone space. The new series, which includes the Pixel 11, Pixel 11 Pro, Pixel 11 Pro XL, and Pixel 11 Pro Fold, features hardware primarily focused on Gemini Intelligence, a suite of AI capabilities designed to understand user behavior on the phone and perform actions across applications.
10:07
Grab Holdings Limited (NASDAQ:GRAB) on August 4th raised its full-year revenue and profit forecasts, stating that this was due to investments in AI and the proactive implementation of affordability strategies, achieving growth even amidst rising fuel prices in Southeast Asia. Following this news, Grab's after-hours stock price surged by as much as 4.9%. The company increased its full-year revenue guidance to $4.10 billion to $4.15 billion and its EBITDA guidance to $720 million to $740 million, and announced a $750 million share repurchase program. Grab CFO Peter Oey noted that AI has helped the company improve product delivery speed by over 30% and cut nearly 40,000 hours of sales inefficiency, with these cost savings already reflected in profit margins. Grab's second-quarter revenue increased by 22% year-over-year to $997 million, exceeding analysts' expectations of $990.8 million; net profit surged from $35 million in the same period last year to $252 million; gross merchandise value grew by 21% to $6.5 billion, and ride-hailing volume increased by 28% year-over-year.
10:07
An analysis article points out that nearly 46% of Americans are currently providing or expect to provide financial support for their aging parents, and among them, 58% have already incurred debt as a result. Citing multiple survey data, the article states that one in five Americans over 50 has zero retirement savings, and the median balance in American 401(k) accounts is only $44,115, far below the $1.46 million they believe is needed for a comfortable retirement. This phenomenon reflects that many baby boomers are entering retirement without sufficient financial resources, leading to heavy financial burdens for their adult children.
10:06
The chief global strategist at JPMorgan Chase Asset Management said the Federal Reserve should keep interest rates unchanged, predicting a gradual decline in inflation, citing growing evidence that a persistent wage-price spiral will not materialize.
10:04
Lookonchain data shows that as of August 12, Bitcoin ETFs experienced a 1-day net outflow of 265 BTC (approximately $16.97 million), but a 7-day cumulative net inflow of 4,711 BTC (approximately $301.16 million). During the same period, Ethereum ETFs saw a 1-day net inflow of 3,823 ETH (approximately $7.28 million) and a 7-day cumulative net inflow of 89,742 ETH (approximately $170.83 million).

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