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8/26
09:04
Americans spent less on gas, new cars, and recreational vehicles.
09:03
Zoom Communications reported second-quarter adjusted earnings per share of $1.55 and revenue of $1.28 billion, both exceeding analyst expectations. However, the company's stock fell after it issued a third-quarter adjusted profit outlook of $1.46 to $1.48 per share, which fell short of Wall Street estimates of $1.50 per share. Enterprise revenue was a bright spot, rising 7.8% year over year to $787.5 million, while online revenue grew 0.6% to $489.7 million.
09:03
The Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation gauge, increased 3.7% in the 12 months through July, unchanged from June. This figure exceeded economists' forecast of 3.6%. On a month-over-month basis, PCE rose 0.2% in July, also above forecasts, after falling 0.1% in June. This sluggish pace of improvement is likely to intensify the debate within the central bank regarding further interest rate hikes.
09:02
Bitcoin's price surpassed $80,000 for the first time yesterday, reaching a high of $81,235.03, its first time in over three months. This surge occurred after the U.S. Treasury unexpectedly doubled its long-term bond purchase program. As of 8:25 AM ET today, Bitcoin's price was $78,585.58, down 0.5% from Tuesday's opening price. Ethereum was trading at $2,469.90 today, down 1.6% from Tuesday's opening price.
09:02
The Federal Reserve's primary inflation gauge, the core PCE price index, indicated persistent price pressures, setting a high bar for Fed Chairman Kevin Warsh's upcoming speech at the annual Jackson Hole monetary policy symposium on Friday. Following the data release, S&P 500 futures experienced a slight dip.
09:01
Citadel Securities has reversed its bearish stance on long-dated U.S. government bonds, warning that the trade against them has become so crowded that any shift in direction could force a painful unwind. The firm described the U.S. Treasury's expanded bond buyback program as a form of Operation Twist, aiming to reduce the duration the private market must absorb and put downward pressure on long yields. Citadel Securities also suggested the intervention might be linked to supporting the Japanese Ministry of Finance and limiting the risk of forced Treasury sales by Japanese investors. However, the firm cautioned that such interventions do not resolve underlying fiscal pressures, and if bond prices are held artificially high, the adjustment may come through a weaker dollar and increased inflation. This view contrasts with Stanley Druckenmiller, who called the Treasury's buyback expansion a
09:01
Arga announced Wednesday that it has completed a $10 million seed funding round led by General Catalyst, with participation from Box Group, Emergence, Gradient, and SV Angel. The company is dedicated to building training environments for enterprise software such as Salesforce, Workday, and email clients, by creating digital twins of programs to more effectively test and train AI agents to handle the complexities of enterprise software.
09:00
The Federal Reserve’s preferred inflation metric, the core PCE price index (excluding food and energy), rose 0.2% month-over-month in July and advanced 3.3% from a year ago. Inflation-adjusted consumer spending was flat last month.
09:00
Nike's stock is currently on track for its worst annual performance since Michael Jordan's retirement in 1993. Jordan's departure from professional basketball at just 30 years old posed a significant challenge for Nike, the manufacturer and primary beneficiary of his iconic sneaker line.
09:00
TWG Global issued a statement on Tuesday morning, refuting "multi-pronged attacks" against its holding company and its subsidiaries, and stating that "despite reports, there is no fraud at these companies." This comes after Walter's business empire faced media reports due to federal criminal and civil investigations into the accounting of related-party financial transactions at two of his insurance companies.
09:00
Data released by the U.S. Department of Commerce on Wednesday showed that the Personal Consumption Expenditures (PCE) price index rose by 0.2% month-over-month in July, higher than the 0.1% predicted by Wall Street economists. This renewed increase in inflation, significantly above the Federal Reserve's target, could prompt the Federal Reserve to vote on an interest rate hike next month.
08:40
This move comes after Canadian Prime Minister Mark Carney announced reciprocal retaliatory measures against new tariffs previously imposed by the United States.
08:35
According to the second estimate released today by the U.S. Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 1.5 percent in the second quarter of 2026 (April, May, and June). This follows a 2.1 percent increase in the first quarter. The rise was primarily driven by increases in consumer spending, exports, and investment, partially offset by a decrease in government spending. Imports also increased.
08:32
The US Personal Consumption Expenditures (PCE) Price Index for July increased by 0.2% month-over-month, surpassing the estimated 0.1% rise. Annually, the PCE Price Index climbed 3.7%, also above the 3.6% forecast. Meanwhile, the Core PCE Price Index, which excludes volatile food and energy components, rose 0.2% month-over-month and 3.3% year-over-year, both aligning with economists' estimates.
08:32
Gold December futures opened at $4,715.70 per troy ounce on Wednesday, up 0.5% from Tuesday's close, and briefly touched $4,730.90 in early trading. The precious metal has rallied following the U.S. Treasury Department's decision to double its purchase of long-term debt and easing tensions in the Middle East. Investors are now awaiting the Fed's preferred inflation gauge and Chair Warsh's speech on Friday for further clues on interest rates.
08:32
Dow Jones Industrial Average futures traded mixed on Wednesday, while S&P 500 futures dipped 0.1% and Nasdaq-100 futures declined, as investors braced for a key inflation report. Meanwhile, Nvidia (NVDA) earnings are due after the close on the stock market today.
08:31
Discount rate minutes released Tuesday revealed that directors at four Federal Reserve regional banks (Cleveland, Minneapolis, Kansas City, and Dallas) voted to increase the primary credit rate by a quarter-percentage-point to 4% in the days leading up to the Fed's July meeting. The Board of Governors, however, did not act on these requests and maintained the rate at 3.75%. At the July 28-29 joint meeting, policymakers voted to keep the federal funds target range at 3.5%-3.75%, with Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan dissenting in favor of a rate increase.
08:31
The Tennessee Valley Authority (TVA) project, if built, would be the world's largest small modular reactor (SMR) facility. NuScale Power is currently the only company in the U.S. approved by regulators to build an SMR system. A signed power purchase agreement (PPA) is crucial for the project to move forward and could be announced as early as the company's next earnings. The market remains skeptical due to NuScale's history of canceled projects, which has weighed on its stock price.
08:31
Ahead of their earnings reports due after market close on August 26, analysis indicates Salesforce (NYSE:CRM) is a more favorable pick for retirement portfolios compared to CrowdStrike (NASDAQ:CRWD). Salesforce is backed by a 0.8% dividend, a $25 billion buyback, and aligned price target signals. CrowdStrike, despite strong revenue growth and raised ARR guidance, faces downside risk due to historical post-earnings drops and a divergence between analyst price targets and internal model forecasts. CrowdStrike is still recommended for growth-focused portfolios.
08:30
J. M. Smucker Co. (NYSE:SJM) announced first-quarter fiscal year 2027 results that exceeded expectations, with adjusted earnings per share (EPS) increasing by 71% year-over-year to $3.24, and net sales growing by 5%. The results were driven by coffee price increases, volume growth in key brands, and a $115 million tariff refund. The company also raised its adjusted EPS outlook for fiscal year 2027 to $10.50-$11.00, expects free cash flow of approximately $1.1 billion, and plans to repay at least $500 million in debt this fiscal year. Previously, the company's stock price had surged by 9%.
08:29
China's Ministry of Foreign Affairs stated that Eswatini has "rampant online fraud and gambling-related criminal activities," advising Chinese citizens to move to "relatively safe" countries like South Africa as soon as possible. Eswatini is currently the only African nation that maintains diplomatic relations with Taiwan. China previously criticized Taiwan's President Lai Ching-te's visit to Eswatini and canceled tariffs for all African countries except Eswatini.
08:21
Ed Yardeni, who has been called the most bullish person on Wall Street, has raised his year-end target for the S&P 500 three times this year, from 7,700 to 8,250 and now to 8,400. Despite these revisions, he believes he is still not bullish enough on the stock market.
08:21
Emerson Electric (EMR), a global leader in automation systems with over 125,000 customers, is an important supplier for the industrial sector, particularly with the expansion of AI data centers and other major projects.
08:21
Analysis suggests that the key to SOXX outperforming SMH lies in the distribution of holdings within the two funds. SOXX has relatively balanced holdings, with its largest holding not exceeding 9%, such as Advanced Micro Devices at approximately 8.05%. In contrast, SMH's holdings are highly concentrated, with NVIDIA accounting for approximately 21.94% and TSMC accounting for approximately 9.59%. The top two holdings combined exceed 30%, which, while offering potential high returns, also carries higher risks. If growth in the chip industry spreads to more companies beyond NVIDIA, SOXX's diversified holdings will position it to benefit more effectively.

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