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8/17
09:43
This move suggests the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.
09:39
Wells Fargo Investment Institute lowered its gold price targets, revising its year-end 2026 target from $5,300-$5,500/ounce down to $4,900-$5,100/ounce, and its year-end 2027 target from $5,800-$6,000/ounce down to $5,400-$5,600/ounce. Despite the downward revision, the institution still expects gold prices to rise in the long term.
09:38
KeyBanc analyst Michael Leshock stated in a new note that SpaceX is poised to face significant capital expenditures and large capital raises in the coming months. Leshock projects the company will need approximately $250 billion to $300 billion in cumulative capital by the end of 2027 to achieve 6-7 GW of AI capacity. Given its roughly $100 billion cash balance and current free cash flow burn rate, he anticipates SpaceX will raise about $325 billion over the next 18-24 months. This follows SpaceX's Q2 capital expenditures of $18.4 billion, which significantly exceeded analyst estimates of around $6 billion. Despite these financial demands, Wall Street remains largely bullish, with about 80% of sell-side analysts rating SpaceX a Buy or Strong Buy.
09:27
Under the two-year lookback rule, the Modified Adjusted Gross Income (MAGI) from the 2025 tax return (Line 11 AGI plus tax-exempt municipal bond interest from Line 2a) will be used to calculate the income-related monthly adjustment amount (IRMAA) for 2027 Medicare Part B and Part D. Roth conversions also flow into this total. The Centers for Medicare and Medicaid Services typically publishes the following year's premiums and income brackets each November.
09:25
Emanuel's forecast implies roughly 16% upside from current levels. He argues traditional bull-market killers — recession, surging long-term yields and extreme investor FOMO — are not yet evident, and sees further upside from the AI boom, low corporate leverage and diversified investor positioning. His base-case S&P 500 target remains 7,750.
09:16
Reddit announced Q2 data licensing revenue of $43 million, a 24% year-over-year increase. Google and OpenAI are its two largest data licensing clients, primarily utilizing Reddit's data to train large language models. Despite the growth, this business only accounts for 5% of Reddit's total revenue of $805 million for the quarter, with the company's focus remaining on its advertising business.
09:16
The acquisition of OpenRouter, a startup that helps developers select and switch between AI models, follows its $113 million Series B funding round at a reported $1.3 billion valuation just months ago. OpenRouter, founded in 2023, provides a single access point to over 400 AI models, serving 8 million developers. This move positions Stripe, a payments processing firm, to enter the AI infrastructure sector, addressing businesses' growing pressure to manage AI costs.
09:13
The latest round brings Wispr's total funding to over $361 million. The company plans to use the capital to expand its footprint beyond dictation into new areas, such as meeting note-taking, and to launch a new model called Canto, which aims to reduce dictation error rates from 30% to less than 10%.
09:11
Goldman Sachs economist Jan Hatzius noted in a new report that S&P 500 discretionary consumer companies saw sales grow by 5.9% year-over-year in the second quarter, while staple consumer companies grew by 3.9%, driven by higher-than-expected tax refunds, but he expects this strong momentum to be temporary. Goldman Sachs anticipates that real consumer spending growth will slow to 1-1.5% in the second half of the year as real cash flow stagnates.
09:11
Unitree Robotics has completed its pricing at an issue price of 150.80 yuan per share, corresponding to a total market capitalization of approximately 60.993 billion yuan after issuance. The price-to-earnings ratio is as high as 219 times, far exceeding the industry average of about 38 times for general equipment manufacturing. On the eve of its listing, the company released a new humanoid robot product named "Superman" on August 17th. The demonstration video showed it jumping 2 meters high from a standstill and reaching a top speed of 12.66 m/s, with both indicators breaking human records. The company's revenue for the first half of 2026 increased by 48.54% year-on-year to 1.152 billion yuan, but its non-recurring net profit decreased by 19.34% year-on-year.
09:11
Elon Musk is SpaceX's largest shareholder with a 48.8% stake, controlling approximately 6.42 billion shares of the company. Recent filings also reveal that tech giants Alphabet (Google), Nvidia, and investor Peter Thiel own substantial stakes in SpaceX.
09:10
New Era Energy & Digital (NASDAQ:NUAI) announced that its critical data center project in Texas has received development structure and driveway entrance permits from Ector County and has submitted a Notice of Intent for site leveling to the Texas Commission on Environmental Quality (TCEQ), with site leveling expected to begin in the coming weeks. The company stated that this move significantly reduces project development risks. Additionally, with the approval of the air permit application submitted by the Phase 2 power partner, the capacity for Phase 2 of the project will increase from 450MW to approximately 550MW, bringing the total estimated capacity for Phase 1 and Phase 2 to approximately 757MW.
09:05
Goldman Sachs reports that S&P 500 companies' Q2 revenue (excluding energy) grew 6.4% year-over-year, reaching its fastest pace in five years, with large tech companies being the primary growth driver. Excluding tech stocks, the median S&P 500 revenue grew only 3%. During the same period, corporate earnings jumped nearly 50% year-over-year, partly due to tech companies raising private investment valuations. Additionally, companies received over $100 billion in tariff refunds, using this windfall for marketing, cost reductions, and lowering customer prices.
08:55
Economists at the European Central Bank (ECB) published a blog post on the bank's website on Monday, stating that after a rapid surge in tech stocks, the risk of a market correction is accumulating. They believe that once the AI rally in US stocks adjusts, it could severely impact the Eurozone economy through various channels, including direct equity holdings and market sentiment transmission. The researchers emphasized that compared to the dot-com bubble era, Eurozone policymakers currently have "significantly less" monetary and fiscal space to respond to market turbulence.
08:46
Ella Gude, BNY Investments Newton Head of Fixed Income & Co-Head of Real Return, outlined her expectations for the Fed’s near-term rate policy on Bloomberg's "Bloomberg Brief" program.
08:45
According to The Wall Street Journal, JPMorgan Chase severed banking services with prediction market platform Polymarket in October last year, citing regulatory concerns. Despite the disruption in banking relations, other connections still exist between the two companies. A Polymarket spokesperson stated that both parties maintain a "close and active relationship" across multiple entities, and Polymarket CEO Shayne Coplan has served as a speaker at JPMorgan Chase events three times in the past year. In April of this year, JPMorgan Chase also offered its wealth management clients the opportunity to participate in Polymarket's Series E funding round, which valued Polymarket at $14.5 billion. Currently, JPMorgan Chase is facing scrutiny regarding "improperly closing customer accounts," and the U.S. Department of Justice has issued subpoenas to several banks, including JPMorgan Chase, concerning this matter. Prediction market platforms are generally under regulatory scrutiny, and the U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket.
08:45
The investment firm funded this new position by exiting its holdings in Nvidia and Broadcom. Warner Bros. Discovery's Q2 2026 revenue of $8.72 billion missed estimates, but GAAP EPS of $0.06 beat the consensus, and operating income jumped 228.11% year over year. The company's streaming revenue surpassed $3 billion for the first time, with adjusted EBITDA up 63% ex-FX.
08:44
Accendra Health (ACH) has abandoned plans for an at-the-market equity issuance program, citing recent market conditions. The company stated this cancellation will not affect its operating results or financial guidance. Accendra also announced it is selling two non-core assets for a combined total of approximately $45 million in cash, with minimal impact on Adjusted EBITDA. Additionally, the board expects to appoint a successor to current CEO Christopher Pesicka by mid-September 2026, ahead of his planned retirement by year-end.

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