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8/13
10:15
The fund will focus on current and former participants in the Y Combinator startup accelerator program, which has financed over 5,000 companies including crypto exchange Coinbase and ChatGPT maker OpenAI. Robinhood listed its first fund, which focuses on late-stage startups, in March.
10:09
Stocks opened higher on Thursday as traders pared back bets of a Federal Reserve rate hike in September following another inflation reading. Real estate, communication services, and consumer staples led the gains, while the energy sector declined.
10:06
Oxford Economics expects July headline PCE inflation to rise 3.6% year-over-year, slightly easing from June's 3.7%, and anticipates the Fed will keep rates unchanged for the rest of 2026. The firm cites cooling services inflation and a labor market showing little sign of overheating as reasons for its forecast. The official PCE report for July is due later this month.
09:59
The fund noted that KLA Corporation, as a developer and manufacturer of advanced process control solutions for semiconductor chip manufacturing, produces products that help accelerate chip development and improve yield and quality. As the complexity of semiconductor chips continues to increase, the demand for more advanced inspection systems is accelerating, and TCW believes KLA is well-positioned to benefit from this trend. The fund also favors KLA's competitive position, industry-leading margins, pricing power, and strong track record of returning cash to shareholders through dividends and share repurchases, and believes that the current stock price does not fully reflect its long-term cash flow potential.
09:59
TCW Concentrated Large Cap Growth Fund noted in its Q2 2026 investor letter that cybersecurity technology company CrowdStrike Holdings (CRWD) reported robust quarterly results, including $256 million in annual net new ARR (up 32% year-over-year), a non-GAAP operating margin of 24% (up 6% year-over-year), and free cash flow of $469 million (up 67% year-over-year). Management subsequently raised its forward guidance. The fund believes that as AI agents become more prevalent, the increased risk of cyberattacks will drive growth in cybersecurity spending, and maintains a constructive view on CrowdStrike's stock. As of August 12, CRWD's stock price has increased by 10.07% over the past month and 111.168% over the past 52 weeks.
09:59
The fund stated that Palo Alto Networks' shares rose after the company reported strong quarterly results, including accelerating organic growth driven by AI, CyberArk integration running ahead of plan, and a Q4/FY26 guidance raise above consensus expectations. TCW believes AI may be a multi-year tailwind for firewall demand, driving bookings growth as increased AI agent use necessitates higher cybersecurity spending.
09:58
SpaceX stock surged 9.7% on Wednesday after Elon Musk released a new Grok AI model and held a companywide meeting. The stock later reversed some of those gains early Thursday morning, falling about 1.5%. Musk had held an all-hands meeting with SpaceX employees on Tuesday, reiterating the company's goal to make humanity a multiplanetary species.
09:58
Golar LNG has signed an engineering, procurement and construction (EPC) agreement with Yantai CIMC Raffles Offshore for its fourth floating liquefaction natural gas (FLNG) production vessel, with a total budget of around $2.45 billion. The new vessel, Golar's second to use the MKII design, is planned to provide an annual liquefaction capacity of 3.5 million tonnes (mt) of LNG and is anticipated for delivery by the end of 2029. This addition will increase Golar LNG's total controlled liquefaction capacity by about 40% to over 12 million tonnes per annum (mtpa). Black & Veatch will contribute its PRICO liquefaction technology and engineering services to the project. The company is actively pursuing a long-term charter contract for the unit, with advanced commercial negotiations underway.
09:58
The clinical-stage biopharmaceutical company priced its IPO at $18 per share and opened at $21. Latigo focuses on non-opioid pain medicines, and its lead asset LTG-001 for acute pain demonstrated 50% greater pain relief than hydrocodone in a 343-patient trial, positioning it for a potential opioid-free label claim. Phase 3 trials for LTG-001 are set to launch in the second half of 2026, with results expected in the second half of 2027.
09:50
The U.S. Treasury plans to auction $25 billion in 30-year bonds. This comes after the yield on 10-year Treasury notes reached its highest level since 2007.
09:48
Freeport-McMoRan (NYSE:FCX) Chief Accounting Officer Ellie L. Mikes sold 4,773 shares of the company's common stock on August 5, in a transaction valued at approximately $334,000. This sale reduced her direct holdings by 12%, but she still holds 36,000 shares worth $2.5 million. The transaction occurred after the company's stock price rose 73% in the year leading up to August 5.
09:45
Swiss banking firm Swissquote Group cut its full-year revenue and profit forecasts, citing a weaker-than-expected crypto environment. The company's crypto trading volume also dropped 63.5% to 2.58 billion Swiss francs. Swissquote noted that price declines across most cryptocurrencies caused it to miss initial assumptions, with Bitcoin falling 33% and Ether dropping 47% in the six months ended June 30. The firm also booked a 5.3 million-franc loss on its crypto inventory.
09:42
JPMorgan analyst Samik Chatterjee raised Microsoft (MSFT) stock price target to $625 from $550, implying about 30% upside from current levels. Chatterjee cited an acceleration in the growth of Azure and M365 Commercial Cloud, driven by AI infrastructure buildout, as well as the company's high revenue and earnings growth combined with lower capital needs than peers.
09:40
J.P. Morgan analyst Samik Chatterjee set an overweight rating on Salesforce shares, suggesting investors consider buying the stock despite previous jitters over AI disruption. The firm had not rated Salesforce prior to this.

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