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8/26
10:07
A consortium of 39 U.S. state banking associations has signed onto the "BankChain Alliance" to build a new bank-run blockchain network by 2027. This initiative aims to facilitate financial innovations, including tokenized deposits and stablecoins. The confederation of banks is currently seeking a technology partner for the project.
10:07
U.S. stock futures were lower today as investors prepared for the release of Nvidia's quarterly results, which analysts view as a key barometer for the AI investment cycle. Meanwhile, the U.S. Personal Consumption Expenditures (PCE) price index increased 0.2% from June to July and rose 3.7% from a year earlier. Core PCE, excluding food and energy, increased 3.3% year over year, unchanged from June. Analysts noted that while some PCE numbers were worse than expected, the stable core PCE might give the Federal Reserve more time to keep rates on hold.
10:07
Lookonchain: Bitcoin ETFs recorded a 1-day net inflow of 4,038 BTC (+$316.54M) and Ethereum ETFs saw 75,150 ETH (+$184.32M) net inflow as of August 26. Over the past 7 days, Bitcoin ETFs accumulated 27,403 BTC (+$2.15B) and Ethereum ETFs accumulated 352,893 ETH (+$865.55M).
10:06
TTM Technologies CEO Edwin Roks Buys 10,000 Shares for $1.1 Million. The purchase, disclosed in a recent SEC Form 4 filing on August 25, 2026, increased his direct stake in the company by 18% to a total of 64,814 shares.
10:06
Target apologized on Monday and removed a "Kids' Glows Under Blacklight Circus Clown Halloween Costume" from sale, which critics said evoked racist caricatures. The controversy sent Target's stock down as much as 5% on Tuesday. This incident comes at a delicate time for Target, which had seen its stock surge approximately 70% year-to-date and recently raised its full-year guidance.
10:06
The firm noted that the earnings report from Dick's Sporting "signals incremental murkiness" around Nike's turnaround progress.
10:06
UBS views SolarEdge as a key beneficiary of the Federal Communications Commission ban on new inverter model imports.
10:06
The downgrade follows Intuit's fiscal Q4 report. Bank of America also downgraded the stock to Neutral.
10:05
Microsoft co-founder Bill Gates stated in an essay published Wednesday that AI could displace workers across the economy, strain social systems, and create global risks, but he sees no evidence that leaders are adequately confronting these challenges. He emphasized that new national bodies and international institutions will be required to coordinate policy and safeguard against evolving AI risks globally, as the transition to this new AI era could be one of the most turbulent times in human history.
10:04
OpenAI announced that its custom-built Jalapeño AI chip demonstrated industry-leading speed and efficiency, outperforming Nvidia's Blackwell systems in key inference-efficiency tests. Analysts view this as a significant "threat" to Nvidia's inference margins, a rapidly growing segment of the AI chip market. OpenAI plans to deploy Jalapeño within its compute infrastructure by year-end, joining other tech giants like Google, AWS, and Meta in developing proprietary AI silicon to reduce reliance on external chip providers.
10:04
Meta, the social-media giant, has agreed to pay up to $16.68 billion as part of a settlement in a social-media addiction trial, leading to a rise in its stock price.
10:03
Meta Platforms has agreed to pay up to $166.8 billion to resolve allegations from 29 states that its platforms (Facebook and Instagram) were designed to be addictive for children, deceived the public about platform safety, and illegally collected personal data from minors. As part of the settlement, Meta will introduce daily time limits and nighttime usage restrictions for teenage users, strengthen age verification systems, and expand parental control features. Meta denies wrongdoing but agreed to settle. Following the settlement news, Meta's stock price rose 4.4% in pre-market trading.
10:03
Kohl's (NYSE: KSS) today announced second-quarter adjusted diluted earnings per share of $1.28, significantly exceeding the market's expectation of $0.57, with revenue reaching $3.52 billion, also higher than the anticipated $3.4 billion. However, investors reacted to this earnings report with a stock price decline, as the company disclosed a $150 million tariff refund this quarter, with $100 million of it recognized in gross margin. Excluding this impact, comparable sales still decreased by 0.9%. The company raised its full-year fiscal 2026 guidance, now expecting net sales and comparable sales to decline by 1.5% to flat, an adjusted operating margin of 3.5% to 4%, and adjusted diluted earnings per share of $1.80 to $2.40.
10:03
TWG Global on Wednesday issued a statement denying fraud allegations against the company and its subsidiaries, which are facing federal criminal and civil investigations over billions of dollars in financial transactions linked to Los Angeles Dodgers owner Mark Walter. TWG said that despite reports, there was "no fraud" and "no one was harmed." The company pledged to cooperate with the U.S. Department of Justice and the U.S. Securities and Exchange Commission (SEC) to resolve inquiries and has submitted a plan to address regulatory concerns. Previously, regulatory filings showed that TWG Global agreed to acquire up to $6.5 billion in affiliated assets from Delaware Life Insurance Co., while Clear Spring Life and Annuity Co. also cut $90 million in affiliated transactions. Both insurers reportedly previously admitted that more than $20 billion in loans had undisclosed affiliate status.
10:02
Meta Platforms has agreed to pay $18 billion to resolve a lawsuit initiated by a group of state attorneys general. The lawsuit alleged that Meta's social media apps, including Facebook and Instagram, caused severe mental harm to children. Following the report by the Wall Street Journal, Meta (META) stock rallied in early trading before paring gains.
10:01
The Dow Jones Industrial Average was flat, and the S&P 500 fell 0.1%. Markets were choppy following the latest inflation report, but investors are closely watching NVIDIA's earnings report after the close. The AI chip giant's results are seen as a true test for the market, as the semiconductor sector struggles to break out after months of consolidation.
10:01
Capital Economics states that July's core PCE increase is unlikely to trigger a Federal Reserve rate hike in September. However, with annual core inflation at 3.3% and economic growth remaining resilient, the firm believes higher rates may eventually be necessary. For now, the data strengthens the case for the Fed to hold rates steady.
10:00
Saudi Arabia is sharply increasing oil loadings from its Persian Gulf ports, with around 7 million barrels of shipping capacity loading at Ras Tanura on Tuesday. This move comes as Houthi threats disrupt its Red Sea export route. Despite the shift, Saudi exports remain below pre-war levels, while shipments from storage facilities in Egypt have surged to about 2.1 million barrels per day in August.
10:00
Some of the Nordic region’s biggest companies and wealthiest investors are working on a proposal to create a single, unified stock exchange.
10:00
Meta has reached a settlement in a federal lawsuit alleging that its applications, including Facebook and Instagram, misled the public and concealed the extent of harm to children's mental health. The settlement was made with a coalition of 29 attorneys general, led by California Attorney General Rob Bonta, and including Colorado, New Jersey, and Kentucky. The settlement occurred in the second week of trial in Oakland federal court, stemming from a consolidated case filed in 2023.
10:00
Abercrombie & Fitch reported fiscal second-quarter results on Wednesday, with net income of $4.17 per diluted share, significantly exceeding its prior guidance of $1.80 to $2.00. This beat was primarily driven by approximately $100 million in refunds of International Emergency Economic Powers Act tariffs, which added an estimated $1.75 per diluted share. Net sales grew 5% to $1.27 billion, marking the company's 15th consecutive quarter of growth. A&F also raised its full-year earnings outlook, now expecting net income per diluted share in the range of $13.10 to $13.60, up from previous guidance of $10.20 to $11.00. The company's stock rose 11% in premarket trading on Wednesday.
09:21
Nick Timiraos analyzed that Kevin Warsh's first keynote speech at the Federal Reserve's annual economic symposium was more significant than it would have been weeks ago. His July press conference had previously raised questions about his commitment to inflation, while the Treasury's unexpected debt management adjustments to prevent an AI-related borrowing surge from pushing up term premiums also raised further questions about the emerging fiscal and monetary regime. Kevin Warsh's speech will be directed at markets and Federal Reserve colleagues who are seeking to understand what the regime change means for the core question facing the Federal Reserve—whether inflation stems from one-off shocks or an overheating economy.

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