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24/7 News

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8/25
13:11
Yahoo Finance analysis points out that Western Digital (WDC) and Seagate Technology (STX), as key hardware suppliers for AI infrastructure, have both significantly outperformed the S&P 500 index this year. Seagate Technology's stock price has risen by 575% year-to-date, while Western Digital's has increased by 287%.

In their recent Q4 FY2026 earnings reports, Western Digital's revenue grew by 44% year-over-year with a gross margin of 54.1%; Seagate Technology reported revenue of $3.6 billion, a 48% year-over-year increase, with a gross margin of 52.3%. Both companies expect Q1 FY2027 revenue to be approximately $4.1 billion. Analysts believe that although Seagate Technology's revenue growth is slightly higher, Western Digital currently has a forward P/E ratio of 22x, which is lower than Seagate Technology's 24x, making its valuation more attractive.
13:07
The U.S. Department of Health and Human Services (HHS) plans to create two new deputy commissioner roles at the Food and Drug Administration (FDA), according to sources. One position will focus on technology, specifically the intersection of health and artificial intelligence, while the other will be for drugs. These new leaders would report to President Donald Trump's pick for FDA commissioner, Heidi Overton, who still requires Senate confirmation. Jared Seehafer is reportedly the leading candidate for the technology role. The technology deputy commissioner would oversee both the agency's internal use of AI and its review of AI-enabled medical products. The move comes as the FDA faces scrutiny over its handling of foodborne outbreaks and new drug approvals, and has increasingly turned to AI for internal operations and regulating AI-enabled medical devices.
13:07
SPDR Gold Shares (GLD) lost upward momentum on Monday after hitting a key technical resistance level of $430, opening lower on Tuesday with technical indicators showing overbought conditions. Mark Newton, head of global technical strategy at Fundstrat, stated that gold and cryptocurrencies might experience consolidation in September, after which it would be a good time to buy the dip. Phil Streible, chief market strategist at Blue Line Futures, also noted that gold prices typically pause their ascent in early September but then tend to resume their rally from October through the end of the year.
13:06
On-chain data shows a single issuance of 96.6 million USDC from the USDC contract, with transaction hash 0xbababe31ba72d925610f1713b7efd252b365859801f0ec0b27892fa517720252.
13:06
Yum! Brands (NYSE:YUM) announced the sale of Pizza Hut following a strategic review of the business. Previously, management had developed a retention plan for employees during the review process, including universal retention bonuses and incentives for key leadership and operational positions. Investment management firm Sustainable Growth Advisers (SGA) stated that it will continue to monitor Yum! Brands' employee retention, employee engagement, and execution risks.
13:06
According to a Form 4 filing with the U.S. Securities and Exchange Commission (SEC), Kenneth S. Courtis, a director at Alpha Metallurgical Resources (NYSE:AMR), purchased 15,000 shares of common stock on August 21 at a weighted average price of $210.51 per share. This transaction increased his direct holdings to 1,015,394 shares, representing approximately 8% of the total shares held by all company insiders. Previously, Courtis had also purchased company stock worth $2.9 million.
13:06
The article suggests that the S&P 500 index has delivered an average annualized total return of approximately 10% since 1957, and historical data indicates that long-term investment in the index significantly outperforms short-term Treasury bills. Although the current price-to-earnings (P/E) ratio of the S&P 500 (29x) is higher than its average over the past three decades (20-23x), for investors who believe that the top 500 U.S. companies will continue to grow over the coming decades, long-term holding remains a wise strategy.
13:03
Oil loadings from Iraq’s export installations in the Persian Gulf jumped on Monday with seven tankers collecting the nation’s cargoes, signaling that regional flows might be climbing.
13:02
The Japanese government and central bank are set to launch a framework for next-generation payment infrastructure, aiming to enable instantaneous settlement of transactions in stocks and Japanese government bonds at any time of day using blockchain technology. The Bank of Japan and other agencies look to launch the new settlement system within the next few years.
12:59
A report indicates that Strategy's primary risk is not a Bitcoin crash, but rather the potential loss of access to capital markets, which are crucial for servicing its $1.76 billion in annual obligations.
12:56
Orbis Global Equity Strategy noted in its Q2 2026 investor letter that QXO (NYSE:QXO) is reshaping its operating model through AI, rather than simply attaching technology to existing workflows. This includes a comprehensive reconstruction from pricing, procurement, to inventory and branch data. The firm believes that QXO, as a leading US distributor of roofing, waterproofing, and building products, is poised to create greater value with this approach. Furthermore, data shows that the number of hedge fund portfolios holding QXO increased from 65 in the previous quarter to 83 at the end of Q2.
12:51
The Motley Fool分析师认为,Vanguard Total World Stock ETF (VT) 是一个出色的投资选择,尤其适合寻求简单且高度多元化投资组合的投资者,但其固定的美国股市与国际股市配置比例可能不适合所有人。该ETF包含超过10,000只股票,覆盖美国、发达市场和新兴市场的各类公司,费用率为0.06%。分析师指出,如果投资者对该基金三分之二美国股市和三分之一国际股市的固定配置感到满意,则没有理由不投资。然而,如果投资者希望对区域配置有更多控制权,例如在临近退休时觉得国际股票配置过于激进,则可能更适合单独持有Vanguard Total Stock Market ETF (VTI) 和Vanguard Total International Stock ETF (VXUS) 以保持灵活性。
12:50
U.S. parents can provide mortgages to their children at the Applicable Federal Rate (AFR) published monthly by the IRS, which is typically lower than retail market rates. For example, the long-term AFR for August 2026 is 4.92%, applicable to loans over nine years, and children do not need to pay gift tax on the interest rate discount. To ensure the loan is not reclassified as a taxable gift, a written promissory note must be signed, a lien recorded, and automatic payments set up. Additionally, the annual gift tax exclusion of $19,000 per donee in 2026 can be used to forgive part of the loan each year, and married parents can jointly forgive $38,000 per child.
12:50
24/7 Wall St. has set a 12-month price target of $2117.43 for SanDisk (NASDAQ:SNDK), representing a 41.81% upside from its current share price of $1493.12, and issued a "Buy" recommendation with 90% confidence. The firm is bullish on SanDisk due to its signed multi-year data center contracts valued at $93.9 billion. These New Business Model (NBM) agreements lock in future revenue, transforming the company from a cyclical NAND supplier into an enterprise with stable revenue visibility. SanDisk reported revenue of $8.96 billion in Q4 FY2026 (announced on August 5), a 371.59% year-over-year increase, and non-GAAP EPS of $39.25, exceeding market expectations. The company projects Q1 FY2027 revenue to be between $10.3 billion and $10.8 billion, with non-GAAP EPS of $44 to $46.
12:44
The Canadian government announced on August 25 that it would impose retaliatory tariffs on approximately 700 types of American goods starting September 8, with rates of 15%, 25%, or 50%. This move is in response to the United States' earlier imposition of a 50% tariff on an equivalent volume of Canadian goods. Among these, existing 25% countermeasures on certain industries, such as steel and aluminum, will be increased to 50%. Concurrently, Canada will launch a CAD 7.5 billion aid package to support businesses and workers affected by the new U.S. tariffs.
12:39
Wall Street firms are betting that the strategy, which delivers Treasury bill-like returns with lower taxes through options box spreads, will survive rising scrutiny from the US Treasury. Two new funds are joining a list of such ETFs.
12:36
Warren Buffett, chairman and CEO of Berkshire Hathaway, reflected on two personal investments in a letter to shareholders: a 400-acre farm purchased in 1986 for $280,000, and a retail property near New York University purchased in 1993. He stated that these two non-stock investments would be "solid and satisfactory holdings" for his descendants and anticipated that their income would continue to grow for decades to come. Buffett noted that by 2014, the farm investment's earnings had tripled and its value had increased fivefold; the retail property's annual dividends had exceeded 35% of the original equity investment, and it had also generated a special dividend of over 150% through refinancing.
12:35
Cryptocurrency-related stocks rose on Tuesday, with miner CleanSpark (CLSK) jumping 7% and BitMine (BMNR) up 4%. During the same period, Bitcoin prices were around $79,377.30, up 0.4%. BitMine previously announced on August 24 that its Ethereum holdings reached 5.85 million, with total cryptocurrency and cash holdings of $14.9 billion. Its chairman, Tom Lee, stated that the company is on track to achieve its goal of holding 5% of all Ethereum by year-end, which is expected to generate approximately $330 million in staking revenue annually.
12:35
GF Securities Brokerage's latest forecast indicates that Google's Tensor Processing Unit (TPU) shipments are expected to increase from 2.76 million units in 2024 to 8.84 million units in 2027, a growth of approximately 3.2 times. This growth is primarily driven by the introduction of new generation chips, such as v7 Ghostfish, v8AX Sunfish/Hellcat, and v8x Zebrafish/Maddog, which are designed to offer improved energy efficiency and enhanced training and inference capabilities. To support this expansion, Google's capital expenditure reached $44.9 billion in Q2 2026, a year-over-year increase of 100.14%, with full-year capital expenditure projected to be between $175 billion and $185 billion. The company has raised approximately $70 billion through equity and debt issuance, leading to an increase in long-term debt from $46.5 billion to $98.2 billion, and has paused its stock repurchase program. Google Cloud's backlog orders have reached $514 billion, and the Gemini model processes 22 billion API tokens per minute, demonstrating strong demand for custom chips.
12:35
The move has angered farmers and other businesses heavily reliant on seasonal labor, as soaring housing prices have fueled support for anti-immigrant parties.
12:29
Rosenblatt raised its target to $300 from $240, citing expectations for Marvell to report "another beat-and-raise" quarter for Q2 2027. Susquehanna increased its target to $265 from $230, anticipating sustained momentum from AI networking growth.
12:29
Amer Sports announced its second quarter 2026 earnings, reporting over 30% revenue growth and strong operating margin expansion. All segments, geographies, and channels achieved robust double-digit growth, with Arc'teryx and Salomon Softgoods leading the performance. CEO James Zheng highlighted the continued global momentum and significant growth potential across its primary growth engines.
12:29
Boston Scientific (BSX) stock is currently trading around $49.01, retreating to its historical price range of $46.56 to $51.46, a range previously defended by buyers six times. However, management has lowered its adjusted earnings per share (EPS) guidance for fiscal year 2026 to $3.28-$3.32, primarily due to an unexpected sharp slowdown in its WATCHMAN heart device in the U.S. market and increased competition in its electrophysiology (EP) business. The company anticipates limited adjusted EPS growth in 2027, hoping for a rebound driven by new products in 2028.
12:27
LayerZero, a blockchain infrastructure firm, has launched ATLAS (Aggregated Trading Liquidity and Settlement), a new trading infrastructure built on its Zero blockchain. This system aims to serve as a backend for exchanges and platforms offering crypto and tokenized assets, combining trade matching, clearing, settlement, and risk management. The initiative is backed by Citadel Securities, with DTCC and ICE exploring institutional market applications. Following the announcement, LayerZero's native ZRO token surged more than 30% from around $1 earlier in the session. ATLAS will not have its own trading app but allows venues to plug into its infrastructure, with configurations for both open crypto trading apps and institutional financial firms. The ZRO token will be linked to trading activity, with venues staking it for fee rebates and 75% of remaining fees used for ZRO buybacks and burns.
12:23
Gold Fields announced its first-half results for the period ended June 30, 2026, with attributable production increasing by 12% year-on-year to 1.267 million ounces, and adjusted free cash flow doubling to $2.225 billion, driven by a 51% increase in the average realized gold price to $4,678 per ounce. The company also raised its full-year production guidance for the Salares Norte mine to 550,000 to 600,000 gold equivalent ounces. Additionally, the company announced an additional $500 million for its shareholder return program, bringing total distributions since November 2025 to $1.25 billion. However, environmental approval delays for the Windfall project may push its timeline to late 2029 or beyond, and there is uncertainty regarding the renewal of the Tarkwa lease.
12:23
At Air T, Inc.'s 2026 Annual Meeting of Stockholders held on August 25, stockholders approved all proposals, including the election of five directors, an advisory vote on executive compensation, and the appointment of Deloitte & Touche as the company's independent registered public accounting firm for fiscal year 2027. At the meeting, 2,483,550 shares of common stock (representing 92.1% of the outstanding common stock) were represented.
12:19
Newmont achieved an average gold price of $4,414 per ounce in the second quarter, but attributable gold production decreased year-over-year. Nevertheless, the company boasts $2.2 billion in free cash flow and $4.3 billion remaining on its share repurchase authorization, providing flexibility to return capital to shareholders during periods of high gold prices. However, second-quarter gold by-product cash costs (CAS) increased 93% quarter-over-quarter to $1,043/ounce, and all-in sustaining costs (AISC) rose 58% to $1,621/ounce, primarily due to higher royalties in Ghana, increased diesel costs, and operational pressures at the Cadia mine. Newmont anticipates a quarter-over-quarter increase of approximately $150 million in sustaining capital expenditures for the third quarter. The company estimates that every $100/ounce increase in gold prices impacts pre-tax revenue and costs by approximately $505 million; every $10/barrel change in Brent crude oil prices impacts pre-tax costs by approximately $60 million. As of the end of Q1 2026, the number of hedge funds holding positions in Newmont increased to 82.

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