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8/21
14:07
The US Securities and Exchange Commission (SEC) sued Satsky and his friend Gavin Wolfe on Friday, alleging Satsky provided a tip about an acquisition offer for South Jersey Industries Inc. during a November 2021 basketball game. Satsky previously served as Bank of America's head of energy and power infrastructure banking.
14:01
The steel manufacturer plans to invest $1 billion in its main plant, Middletown Works, located in Middletown, Ohio. Of this, $500 million will come from a grant from the U.S. Department of Energy, intended for upgrading blast furnace technology to improve efficiency and extend its lifespan. Furthermore, the market has reacted positively to a potential preliminary trade agreement between the U.S. and Canada, which could reduce tariffs on specific Canadian steel and aluminum exports from 50% to 25%. Cleveland-Cliffs, which acquired Canadian steelmaker Stelco for $2.5 billion in November 2024, is expected to benefit from the tariff reduction.
13:57
Anthropic early investor Anjney Midha says traditional venture capital firms have failed investors by missing the AI revolution. This comes as AI spending accelerates, Broadcom seeks a debt deal as large as $60 billion ahead of NVIDIA earnings, and Anthropic itself plans a potentially record-setting IPO.
13:47
Speculators on the prediction market platform estimate Bitcoin's price at the end of 2026 will be approximately $75,000, based on an average of contracts. This forecast suggests a slight decline from its current trading level above $77,000. The outlook has improved from before Wednesday, when Kalshi traders most likely saw Bitcoin ending the year around $66,000.
13:40
Analysts note that copper prices are holding firm and are likely to remain elevated due to strains on global supply, particularly from major producers Chile and Peru, coupled with strong demand.
13:39
Infleqtion (INFQ) shares rose 10%, Rigetti (RGTI) rose 9%, and IonQ (IONQ), D-Wave Quantum (QBTS), and Quantum Computing Inc. (QUBT) all rose 7%. This surge was not driven by company-specific news, but rather by the market's positive reaction to the U.S. Department of Commerce's letter of intent to provide up to $100 million in federal funding to Infleqtion and Rigetti, and the White House's executive order elevating quantum technology to a national priority. In contrast, the Defiance Quantum ETF (QTUM) rose only 0.5%, indicating that the ETF has a low weighting towards pure-play quantum computing companies.
13:37
Khouw highlights that the State Street Materials Select Sector SPDR ETF (XLB) has been one of the week's best-performing sectors, up nearly 17% year-to-date and outperforming the S&P 500. He attributes this partly to AI infrastructure buildout and precious metals supported by monetary policies. The one-month at-the-money implied volatility for XLB options is currently just over 14%, significantly below its five-year average of 19.5% and closer to its five-year low of 11.8%, making options a potentially attractive low-risk entry point.
13:33
German intelligence services stated that a weapons cache discovered last year in a forest near Berlin is believed to have been intended for Russian assassination missions. German federal prosecutors are investigating a suspect in Romania on suspicion of espionage and "preparing serious acts of violence threatening the state."

Germany's domestic intelligence agency found the cache, containing two handguns and ammunition, last October. German media reported that the cache was intended to facilitate targeted killings by Moscow. German security services suspect the weapons and ammunition were for an attack. Interior Minister Alexander Dobrindt said the cache was monitored for several months after the weapons were rendered inoperable, but no one approached it.
13:33
US politician Scott Bessent (Bessent) has terminated tax breaks for illegal immigrants. This action has been interpreted by his supporters as a manifestation of the "Donald Trump effect," aligning with President Donald Trump's policy philosophy.
13:28
The U.S. Department of Defense's FY2027 budget request includes $58.5 billion for AI investments, with $46 billion allocated to a sovereign AI arsenal. This factor has supported the stock performance of government-facing AI companies. In contrast, ServiceNow, which focuses on enterprise software, saw no change in its stock price that day.
13:28
Former President Donald Trump shared Scott Bessent's view on Truth Social, stating that Trump had fixed President Biden's "mess" and the economy is now rising.
13:23
Rebecca Patterson, a senior fellow at the Council on Foreign Relations, discussed the impact of bond market volatility on retail investors on "Bloomberg Money," noting that these fluctuations are not surprising.
13:12
Analysts noted that Broadcom's Q2 revenue reached $22.19 billion, a 47.87% year-over-year increase, with AI semiconductor revenue at $10.8 billion, up 143% year-over-year. Company management expects AI revenue to reach $56 billion in fiscal year 2026 and potentially exceed $100 billion in fiscal year 2027. Despite Broadcom's stock price falling 12.88% over the past week, analysts believe its extended AI order visibility through 2028 supports a buy rating.
13:06
Analysts project Sandisk stock could reach $3,387 in five years, implying a 108% upside. This forecast is based on strong NAND memory demand, growth in its AI-related data center business, and long-term customer contracts valued at over $93.9 billion. Management expects annual revenue growth in the mid-to-high teens from fiscal 2028 through 2030, with non-GAAP gross margins around 80%.
13:04
Ukrainian President Volodymyr Zelenskyy signed a decree imposing sanctions on the producers and distributors of the animated series, including its studio Animaccord. Ukrainian Culture Minister Tetyana Berezhna stated that this creates legal grounds to block the content in Ukraine and restrict its monetization and distribution on international platforms. The cartoon has faced criticism for serving as an instrument of Russia’s soft power, with Ukraine having previously protested Netflix's acquisition of its streaming rights in June.
13:02
Aveanna Healthcare CEO Jeffrey Shaner stated on the Q2 earnings call that California's 2027 budget will finally include a meaningful pediatric private duty nursing rate increase, effective January 1, 2027, marking the culmination of the company's four-year advocacy effort. This move will impact Aveanna in all 32 states where it provides private duty nursing services. The company's Q2 revenue increased by 13.7% year-over-year to approximately $670 million, adjusted EBITDA grew by 8% to $95.4 million, and it raised its full-year revenue guidance to over $2.68 billion and adjusted EBITDA guidance to over $365 million.
13:02
The analyst pointed out that despite the challenges of high home prices and high mortgage rates in the U.S. real estate market, which have led to a continuous decline in home sales (existing home sales fell 1.7% month-over-month in July), there is a huge opportunity in the prefabricated housing sector. Legacy Housing's Q2 revenue reached $66.3 million, a 32% year-over-year increase; net income was $23.5 million, an increase of nearly 59% year-over-year; and EPS was $0.99, up 62% year-over-year. The stock has risen approximately 45% year-to-date. The analyst believes that the current shortage of 4.7 million homes in the U.S., coupled with the lower cost of prefabricated homes (averaging about $120,000) and the recent passage of the ROAD to Housing Act by Congress, which removes construction and financing barriers, will all drive the growth of the prefabricated housing market.

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