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8/26
09:07
Bernstein expects Bitcoin to reclaim $125,000 by late 2026 before reaching $300,000 in 2029 under its base case, with a bull case of $500,000.
09:07
Iranian Deputy Foreign Minister Kazem Gharibabadi announced on state television on Tuesday that Iran and Oman have reached an agreement on a temporary maritime route in the Strait of Hormuz. The entrance to this route will begin in Iranian territorial waters, and part of the exit route will also pass through Iranian territorial waters, with a channel width of 7 miles (approximately 11.3 kilometers). However, Gharibabadi warned that the waterway would not be fully reopened unless the United States fulfills its commitments under the interim peace agreement signed in June (which has since expired). A spokesperson for the Iranian Revolutionary Guard added that both sides have agreed on the share of the strait's waters and revenue distribution. The Strait of Hormuz has been closed to shipping since the U.S. attacked Tehran on February 28, plunging global energy markets into crisis. The strait is the only sea passage connecting the Persian Gulf to the open sea and carries one-fifth of the world's oil and gas supplies.
09:07
The bank's strategists cite rising macroeconomic volatility, capital-supply concerns related to artificial intelligence, and uncertainty over the U.S. midterm elections as key risks.
09:06
Fintech company Revolut has launched its euro-pegged stablecoin, EURR, designed to maintain a stable value of 1 euro. The stablecoin is issued by Bridge Building, a MiCA-registered crypto-asset service provider under Stripe's stablecoin infrastructure subsidiary, and is offered through Revolut Digital Assets Europe. EURR will be rolled out in phases starting this month, initially available to eligible customers in Denmark, Poland, and Portugal, with plans to expand to other European Economic Area markets later this year. Revolut stated that EURR provides customers with a euro-denominated alternative, avoiding exposure to the US dollar.
09:06
An OKX survey found that students have a strong demand for crypto classes but primarily learn about the subject on social media. A separate review revealed that only about 28% of accredited US business schools offer blockchain courses, despite this high demand.
09:06
U.S. July core Personal Consumption Expenditures (PCE) rose 0.25% month-over-month, with an annualized increase of 2.99%. This is largely consistent with the July 2025 data, keeping the 12-month change rate at 3.34% (2.86% in July 2025). On a three-month annualized basis, core PCE was 3.0%; on a six-month annualized basis, core PCE was 3.5%.
09:05
The US Secret Service is investigating an Iranian state media video that appears to threaten Barron Trump, President Trump’s youngest son. Iranian media have circulated multiple threats against Trump and his family since the killing of Ayatollah Ali Khamenei.
09:05
China's New China Life Insurance recently released its 2026 semi-annual report, showing that the company achieved operating revenue of 83.258 billion yuan during the period, a year-on-year increase of 18.9%. Among this, investment income reached 46.856 billion yuan, a year-on-year increase of 149.7%, making it one of the main drivers of net profit growth. In addition, the company plans to distribute an interim cash dividend of 0.73 yuan (tax inclusive) per 10 shares. This proposal has been approved by the board of directors and is awaiting approval from the shareholders' meeting.
09:05
The "Mad Money" host stated that investors "can't afford" to skip these four memory chip makers, emphasizing that memory has become a bottleneck in the AI sector. Cramer acknowledged that he is not early to memory chip stocks, which are known for their cyclical boom and bust, but suggested that the unprecedented rate of data center construction driven by AI demand might break this cycle.
09:05
Led by CEO Greg Abel, Berkshire Hathaway became a net buyer of stocks for the first time in several years during the second quarter. The company acquired homebuilder Taylor Morrison for $8.5 billion, increased its existing investment in Lennar by about 30%, and bought shares of D.R. Horton, signaling a significant bet on the turnaround of the near-stagnant U.S. housing market.
09:04
Fintech company Revolut has started rolling out its euro-pegged stablecoin, EURR, to select customers in Denmark, Poland, and Portugal. The token is designed to maintain a value of 1 euro and has been integrated into Revolut's retail app, allowing customers to convert between euros and cryptocurrencies on-chain. EURR is issued by Bridge Building S.A., a Bridge entity that was acquired by Stripe in February 2025. Revolut stated that it expects a broader rollout across the European Economic Area later this year, with plans to introduce other currency-denominated tokens depending on regulatory readiness. European Central Bank (ECB) President Christine Lagarde previously stated in May that euro stablecoins are not an effective way to strengthen the euro's international role, warning of risks such as structural weaknesses and redemption pressures.
09:04
Meta has agreed to pay a maximum of $16.68 billion to U.S. states as part of a settlement deal, according to a court filing. This agreement aims to resolve allegations that the company's platforms cause harm to children and contribute to youth addiction.
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.

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