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8/24
13:31
Canada's biggest banks are facing high expectations ahead of their latest quarterly readouts, with recent strong trends having stretched market valuations. The third-quarter earnings for Canada's Big Six lenders are scheduled to be released over three days this week, starting Tuesday with Bank of Montreal and Bank of Nova Scotia.
13:30
Vanguard's latest "The State of American Savings Report" indicates that the average balance in US 401(k) plans has risen to a record $167,970. However, the report also highlights that due to a small number of high-net-worth savers skewing the average, the median balance is only $44,115, which more accurately reflects the actual situation for a typical saver. The report also mentions that the personal savings rate dropped to 2.8% in Q2 2026, while the average annual household expenditure increased to $78,535 in 2024, factors that collectively squeezed savings contributions. Furthermore, starting in 2026, employees aged 50 and over with annual incomes exceeding $150,000 must direct their catch-up contributions into a Roth 401(k) account.
13:29
Zoom is set to report its second-quarter financial results on Tuesday after market close. Analysts anticipate the company will report revenue of $1.27 billion and earnings per share of $1.48. BTIG analyst Allan Verkhovski maintained a Buy rating with a $125 price target, highlighting Zoom's strong fundamentals, acceleration in its Enterprise segment, and the growing value of its stake in private AI company Anthropic. Zoom invested $51 million in Anthropic in 2023, and analysts suggest this stake could now be worth billions, potentially outshining Zoom's core revenue performance, especially amid Anthropic's IPO speculation and a potential $2 trillion valuation.
13:24
Biwin Storage today released its 2026 semi-annual report, with the company's performance showing significant growth primarily due to the improved prosperity of the storage industry and the demand growth driven by AI applications. Among these, revenue from AI emerging edge-side storage products was approximately 2.86 billion yuan, a year-on-year increase of 433.58%. The company's comprehensive gross margin reached 54.81%, a substantial increase from 2025. In addition, Biwin Storage is increasing its investment in upstream resources, research and development, and advanced packaging and testing, and has signed long-term supply agreements with original storage manufacturers for a cumulative committed procurement amount of 3.3608 billion US dollars.
13:21
The decree, published on Monday, would allow Moscow to strip owners of physical and financial control over facilities should they fail to secure them or repair damage quickly, amid Ukraine's intense drone campaign. Ownership powers would transfer to Russia’s Federal Agency for State Property Management or another designated body. The legislation covers fuel and energy facilities (including nuclear power), industry, communications, transport, logistics, and public utilities.
13:20
Gogoro Inc. announced its second quarter 2026 results, with revenue returning to year-over-year growth and gross margin reaching a five-year high of 22.6%, thanks to the completion of battery upgrade programs and improved manufacturing efficiency. The company's operating cash flow grew over 70% in the first half of the year, and it reaffirmed its full-year 2026 revenue guidance of $285 million to $305 million. Additionally, Gogoro Network's battery swapping business is expected to achieve non-IFRS profitability within the year, and overseas operations in the Vietnam market (in partnership with Castrol) are anticipated to make a "meaningful contribution" in the coming quarters. The company also announced that Chief Financial Officer Bruce Aitken will step down and be succeeded by Jacky Lee as Principal Financial Officer.
13:19
NAPCO Security Technologies (NSSC) reported record fiscal fourth-quarter net sales of $55.8 million, a 10% increase year-over-year, and full-year net revenue of $202.3 million, up 11.4%, surpassing the $200 million threshold for the first time. For Q4, GAAP net income increased 52.7% to $17.8 million, or $0.50 per diluted share. Longtime executive Kevin Buchel has been appointed Chief Executive Officer and President, while founder Dick Soloway transitioned to Founder and Executive Chairman.
13:18
Coinbase launched tokenized US stocks on its Base blockchain on Monday, joining other crypto exchanges in the race to bring stock trading on-chain. The tokenized stocks are available to eligible investors outside the US and are backed 1:1 by underlying shares held by regulated broker-dealer and custodian Alpaca. The product is issued under Coinbase's newly established Abu Dhabi Global Market (ADGM) regulatory framework, with each token representing a direct claim to the underlying stock and reflecting dividends and stock splits. Investors can trade them 24/7 on supported on-chain platforms like the DEX Aerodrome and use them in DeFi applications, such as collateral for lending. Coinbase also partnered with Chainlink to provide continuous price data for these tokenized stocks.
13:13
The biotechnology company, which focuses on multiple sclerosis treatments, was chosen as Monday's IBD 50 Growth Stocks To Watch selection. Wall Street anticipates explosive earnings growth for TG Therapeutics in the upcoming quarters, contributing to its strong performance as it recovers from a sharp drop earlier this month.
13:10
Analysts will closely watch the breakdown between hyperscaler and other AI customers' revenue growth in NVIDIA's upcoming second-quarter earnings report, scheduled after market close on August 26. Last quarter, hyperscaler revenue growth lagged other segments, and this trend could impact the stock price and broader AI industry valuations.
13:10
Analysis indicates that Micron Technology, as one of NVIDIA's key suppliers for High Bandwidth Memory (HBM), has a stock performance closely tied to NVIDIA's results. The market generally expects NVIDIA's Q2 revenue to reach $92.1 billion, a 97% year-over-year increase. If NVIDIA's performance is strong, it will further validate the AI infrastructure supercycle and drive up contract prices for HBM and DRAM, thereby benefiting Micron Technology's revenue growth and profit expansion. Micron Technology's HBM and DRAM production is already sold out, with new capacity coming online. After a recent consolidation, its stock price is expected to rise following the release of NVIDIA's earnings report.
13:08
Former President Donald Trump shared a Fox News report revealing that recently uncovered Department of Justice (DOJ) emails have exposed significant internal turmoil surrounding a Biden-era memo. The memo in question urged a crackdown on parents, sparking controversy within the department.
13:07
Evercore ISI analyst Amit Daryanani initiated a tactical outperform call on Dell stock on Sunday, believing the company can exceed Wall Street's expectations despite high bars for its next week's earnings report.
13:02
Cisco's hyperscale AI orders for fiscal year 2026 reached $9.3 billion, 4.5 times that of the previous fiscal year. Based on this, 24/7 Wall St. gave Cisco a "buy" rating with a target price of $131.07, representing an 18% upside from the current stock price. Cisco CEO Chuck Robbins expects AI infrastructure revenue to reach $7.5 billion in fiscal year 2027, double that of fiscal year 2026, and stated that "agentic AI" is driving a networking super cycle.
13:02
Bloomberg Intelligence高级大宗商品策略师Mike McGlone警告称,比特币的反弹可能只是熊市中的卖出机会,而非持续上涨的信号。他指出,美国30年期国债收益率近期达到5.31%,创2007年以来新高,这表明金融条件收紧正在威胁投机性资产,并可能终结加密货币、贵金属和股票的历史性涨势。McGlone认为,高企的债券收益率通过提供政府支持的丰厚回报,增加了比特币和黄金的竞争,同时推高了借贷成本,降低了流动性,并增加了对股票及其他长期资产的折现率。
12:58
The newly released strategic plan focuses on technology and productivity to improve service, building on changes initiated by the now-defunct Department of Government Efficiency (DOGE), which Elon Musk called "somewhat successful." The SSA reported wait times at field offices fell 23% in fiscal 2025 and initial disability claims backlog fell 25%. The 2026 Board of Trustees Report projects the OASI Trust Fund will exhaust its reserves in the fourth quarter of 2032, a quarter sooner than projected last year. After depletion, payroll taxes would cover about 78% of scheduled OASI benefits without congressional action.
12:58
USA Rare Earth announced it has completed a $1.55 billion capital injection into a special purpose vehicle to acquire all products from the first phase of Serra Verde Group's rare earth production, with the U.S. Department of War committing $750 million. This capital injection fulfills a key closing condition for the Serra Verde acquisition. Despite this positive news, the company's stock price still fell 5% during intraday trading on Monday.
12:57
As of 11:37 AM ET on August 24, the Dow Jones Industrial Average rose 0.27%, outperforming the S&P 500's 0.23% decline and the Nasdaq Composite's 0.44% drop, as tech sector volatility offset blue-chip gains. Applied Optoelectronics fell 11% after announcing a $600 million equity offering, and NVIDIA Corp. slipped ahead of its earnings report. Gold prices rose 1.20% to $4,671.09, and the 10-year U.S. Treasury yield fell 0.04% to 4.69%.

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