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8/26
12:06
JM Smucker raised its full-year sales and profit forecasts, primarily driven by the growth of its Uncrustables sandwiches and coffee business.
12:06
The protocol upgrade allows network nodes to reach agreement on blocks before transaction execution completes.
12:06
Oracle (NYSE: ORCL) stock rose 4.5% through 9:50 a.m. ET Wednesday after Citigroup argued that an "extreme dislocation and drawdown" has made the stock a buy. Oracle's stock had fallen 54% from its June peak to July trough due to investor concerns over massive spending and debt for AI infrastructure. Citi believes the bad news is already priced in, with demand for AI services being "insatiable" and $85 billion in backlogged work. The bank estimates Oracle's GAAP profits could triple or quadruple by 2030, delivering $22 per share earnings, and sees an "historic" buying opportunity.
12:06
Perceptron, founded by two former Meta research scientists, this week launched its latest model, Isaac 0.5. The model is designed to help machines perceive, reason, and act in industrial environments, particularly in guiding visual robots in warehouses or on factory floors, and extracting visual intelligence from videos recorded by robots. Isaac 0.5 was released as an open-source model, with its parameters and training materials available for inspection. The company recently raised $21 million in a funding round led by Bessemer Venture Partners.
12:06
Shinhan Financial Group, one of South Korea's five largest financial conglomerates, will use Visa's stablecoin platform to verify core functions including issuance, remittance, and redemption. The partnership also aims to design a Korea-specific business model and develop AI-powered payment models. This marks the first time a top-tier South Korean financial group formally adopts Visa's enterprise stablecoin infrastructure, launched in July, for domestic settlement testing. They also plan pilot projects for stablecoin integration into bank card payments and the expansion of business-to-business (B2B) and business-to-customer (B2C) payments.
12:06
The US July inflation report showed that overall inflation was slightly higher than Wall Street expectations, mainly driven by a 1.2% increase in financial services and insurance fees, which was the largest single increase in the report. Meanwhile, gasoline prices fell by 2.7%, furniture and appliance prices decreased by 0.9%, and overall goods prices fell by 0.1%. The core inflation data, which the Federal Reserve focuses on, met market expectations. Income grew by 0.4% and spending grew by 0.2% during the month. Currently, 10-year and 30-year US Treasury yields are still hovering at their highest levels since 2007. Traders are pricing in a one-third chance of a Federal Reserve rate hike in September, with a higher probability of a hike in December.
12:05
London-listed precious metals miner Hochschild Mining announced its half-year results for the period ended June 30, 2026, with revenue increasing 62% year-on-year to $844.4 million, adjusted EBITDA rising 119% to $491.5 million, and profit before tax jumping to $365.8 million. The company has moved to a net cash position of $51.1 million and quadrupled its interim dividend to 4.0 cents per share. Despite a decrease in production, the performance was driven by a 47% increase in the average realized gold price and a 130% increase in the average realized silver price. The company also raised its full-year sustaining capital guidance but maintained its full-year production and capital expenditure guidance.
12:05
Russia is considering intensifying missile attacks on Kyiv and Ukrainian infrastructure, as the Kremlin concludes peace negotiations have reached a dead end, according to people close to Moscow. Both sides have stepped up attacks, including strikes on energy, ports, and shipping. While nuclear rhetoric is increasing among Russian hawks, there are currently no signs Russia is preparing to use nuclear weapons.
12:05
Ken Griffin's Citadel fund significantly increased its stake in pharmaceutical giant Eli Lilly in the second quarter of this year, making it one of the fund's top holdings. Eli Lilly is currently at the center of two major medical trends: obesity and Alzheimer's disease. Its obesity drugs, Mounjaro and Zepbound, contributed approximately $14.8 billion in sales in the second quarter of 2026, driving the company's total revenue up 48% year-over-year to approximately $23 billion. Additionally, Eli Lilly's Alzheimer's drug, Kisunla (donanemab), has received full FDA approval in the U.S. and marketing authorization in Europe. Eli Lilly's stock price has risen from less than $700 to approximately $1,240 over the past year.
12:05
Strattec Security announced that for fiscal year 2026, revenue increased by 2.5% to $579.4 million, and adjusted EBITDA grew by 15% to $50.5 million. The company stated that restructuring, pricing actions, and operational improvements helped offset automotive production volatility, EV program cancellations, and foreign exchange headwinds. Strattec also authorized a new $40 million share repurchase program and is prioritizing repurchases, automation, and customer program investments over reinstating dividends.
12:04
Coinbase CEO Brian Armstrong retweeted a post by Drew Mailen, which noted that Project x402 was incubated by Coinbase in 2025 and, 14 months later in July 2026, was handed over to the Linux Foundation for management. The tweet drew an analogy between x402's development path and Kubernetes, which was initially incubated by Google before being transferred to the Linux Foundation and has since become a critical component of cloud infrastructure.
12:04
South Africa expects its wheat harvest this year to be the smallest since 2019, with a government body projecting output to drop 7.5% from a year earlier.
12:04
Canadian energy infrastructure giant Enbridge announced the acquisition of Salt Creek Midstream's crude oil gathering business for $600 million in cash. The transaction includes full ownership of the Orla and Wink North gathering systems, as well as a 50% interest in the Delaware Crossing system, adding approximately 500 miles of crude oil gathering infrastructure to Enbridge. These systems can handle 420,000 barrels of crude oil per day and offer 350,000 barrels of storage capacity, serving over 20 producers. Enbridge stated that this acquisition will strengthen its ability to transport crude oil from the Delaware Basin to U.S. Gulf Coast export markets and expects the deal to immediately increase its distributable cash flow and earnings per share, with completion anticipated later this year.
12:04
India's state-owned Oil and Natural Gas Corporation (ONGC) plans to invest $200 million to revive production at the San Cristobal oilfield in Venezuela. The company aims to boost output from the current 4,000-5,000 barrels per day (bpd) to an ultimate peak of up to 50,000 bpd in the coming years. ONGC, which holds a 40% stake in the field alongside Venezuelan state oil firm PDVSA, secured a license from the U.S. Office of Foreign Assets Control (OFAC) earlier this month to resume operations in the country.
12:03
Yelp COO Joseph R. Nachman sold 10,333 shares of the company's stock on August 20, 2026. According to the Form 4 filing with the U.S. Securities and Exchange Commission (SEC), this transaction was not discretionary but was executed to satisfy tax withholding requirements triggered by the vesting of restricted stock units (RSUs), and therefore does not reflect the insider's view on the company's valuation. Following the transaction, Nachman directly holds 250,993 shares of common stock, representing approximately 0.46% of the company's total outstanding shares.
12:03
Moderna's commercial business has contracted, with trailing-twelve-month revenue falling to $2.2 billion from $3.1 billion a year earlier, and an operating margin of -150.2%. The company's valuation is primarily driven by its drug pipeline, including positive Phase 3 trial results for its melanoma treatment and FDA approval for its mRNA flu vaccine. However, a norovirus vaccine study did not meet early success criteria, and cash and investments declined to $6.9 billion in Q2 2026 from $7.5 billion three months prior.
12:03
The Department of Science and Technology of the Ministry of Industry and Information Technology of China publicly solicited opinions on August 25 for the "National Brain-Computer Interface Industry Standard System Construction Guide (2026 Edition)" (Draft for Comment). This guide aims to build a standard system covering seven major parts: basic commonality, hardware, software and algorithms, data and communication, products and systems, industry applications, and security and governance. It plans to formulate and revise more than 40 related standards by 2028, and accumulate more than 80 standards by 2030, to promote brain-computer interface technology from laboratories to human trials and clinical applications.
12:03
Iranian and Omani officials are negotiating the details of an agreement on the Strait of Hormuz, a senior Iranian source said on Wednesday, after Iran's Revolutionary Guards claimed the two countries had agreed on sharing the waterway and its revenues. Market sentiment has therefore shifted from concerns about long-term disruptions and escalating conflict to expectations of partial reopening and negotiated shipping arrangements. US crude inventories rose by 95,000 barrels in the week to August 21, less than analysts' expectations of a 597,000-barrel increase, according to data from the US Energy Information Administration, which partially limited the decline in oil prices. Before the US-Israeli airstrikes triggered war in late February, the Strait of Hormuz was a conduit for about one-fifth of the world's oil and gas supplies.
12:02
Moderna (NASDAQ:MRNA) stock fell 7% to $148.02 midday Wednesday, giving back a large portion of Tuesday's 14% rally that followed Wolfe Research's upgrade to Peer Perform from Underperform. BioNTech SE (NASDAQ:BNTX) stock also declined 2% to $111.60, suggesting the selloff is largely Moderna-specific. No fresh company news was available to explain Moderna's slide, which appears to be profit-taking after a significant year-to-date surge.
12:01
Shares of D-Wave Quantum (QBTS) fell 8% to $17.79 during Wednesday's trading session after the company disclosed that its Chief Financial Officer, John Markovich, will retire on September 2. Greg Golkov, Senior Vice President of Finance, will take over as interim CFO. Following this news, shares of other quantum computing companies also generally declined, with IonQ (IONQ) falling 3% to $40.68 and Rigetti Computing (RGTI) dropping 5% to $16.12. The company stated that Markovich's resignation was not due to any disagreement with the company on business, operations, accounting policies, or financial statements. D-Wave's revenue for the second quarter of 2026 was $3.08 million, lower than the expected $4.03 million.
12:01
Following the U.S. Mint's halt of penny production last year, many merchants have started rounding cash transactions to the nearest nickel. States are enacting laws to govern this practice, and a federal bill, the Common Cents Act, has passed both House and Senate, though differences need resolution. Concurrently, more small merchants are imposing credit card surcharges to offset increasing "swipe fees," which averaged 2.35% of purchase price in 2024. A pending antitrust settlement aimed at reducing these fees is largely opposed by retailers.
12:01
Analysis indicates that Palantir's stock price surged 43% last month due to strong Q2 earnings (revenue growth of 93% to $1.935 billion, with U.S. commercial revenue up 149% year-over-year). Additionally, the high volume of call option contracts expiring on September 18, totaling 254,823, suggests traders are anticipating a significant directional move in the stock price. The institution has issued a "Buy" rating for Palantir, projecting a target price of $217.16 within the next 12 months.
12:00
XRP has fallen by 6.23% in the past 24 hours, trading at approximately $1.38, making it the worst performer among the top ten cryptocurrencies by market capitalization. Although XRP had previously surged by 35.55% in the preceding week, this pullback is primarily attributed to deleveraging rather than institutional capital outflow, as XRP-related ETFs have recorded net inflows for nine consecutive days.
12:00
US Treasury Secretary Scott Bessent's "economic D-Day" initiative against Iran has been characterized as a warning shot rather than a decisive action, with observers noting a lack of specifics on how it would achieve President Donald Trump's stated goals, particularly the full opening of the Strait of Hormuz. Dan Tannebaum, Global Anti-Financial Crime Practice Leader at Oliver Wyman, discussed the move and compared it to previous Trump administration threats, especially regarding tariffs.
12:00
Particle, an AI newsreader startup, introduced Radar on Wednesday. The platform transcribes and analyzes more than 130,000 podcasts, including all Apple Top 200 podcasts across 135 verticals, adding 20,000 episodes daily. Radar provides speaker labels, rich metadata, entity tracking (people, companies, topics), and customizable alerts. Its API and MCP allow AI agents and businesses, including hedge funds, to programmatically access this audio intelligence, with hedge funds being the highest-volume customers directly integrating with the API.
12:00
The U.S. July personal income and expenditure report indicated relatively moderate underlying inflation growth and weak real spending. Although the weakness in spending was partly due to temporary factors such as the earlier Amazon Prime Day, the concentration of spending on necessities suggests a slowdown in underlying spending growth. These data support the Federal Reserve maintaining interest rates.
12:00
Abercrombie & Fitch (ANF) shares surged 37% in intraday trading on Wednesday after the company reported earnings per share of $4.17, significantly exceeding the expected $1.99, and received a $100 million tariff refund. The company also raised its full-year earnings per share outlook from $10.20-$11.00 to $13.10-$13.60. Despite this, the company's overall comparable sales were flat, and comparable sales for the Hollister brand decreased by 3%, indicating ongoing challenges with foot traffic.
11:54
The dollar's surge was driven by inflation data, which bolstered market expectations for the Federal Reserve to begin raising interest rates by year-end.
11:37
Brent crude fell 3.9% to $88.58 a barrel and U.S. light sweet crude dropped 3.1% to $82.36 a barrel on August 25 after Oman and Iran announced an agreement to establish a "temporary joint maritime corridor" in the Strait of Hormuz. They also plan to implement a "joint project" to clear mines from the strait, a key waterway for global oil flows.

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