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8/31
11:01
A legal arbitrator has ruled that cryptocurrency exchange Gemini is not liable for the collapse of its Earn lending program, stating that Gemini did not mislead users nor was it negligent in the program's failure. The arbitrator found insufficient evidence to suggest Gemini lied to customers or failed to conduct due diligence. The lending program primarily failed due to "massive fraud" by its partner, Genesis. Previously, Genesis agreed to pay a $38.5 million fine to the U.S. Securities and Exchange Commission (SEC) and reached a settlement with Gemini, under which Gemini has repaid $2.18 billion in digital assets to Earn users.
11:01
The deal adds transfer-agent and settlement infrastructure to ICE's plans for an NYSE-affiliated market for tokenized stocks, tZERO said.
11:01
Salesforce (NYSE:CRM) shares surged 35.9% this month to $256 following strong Q2 earnings, but are now nearing the average analyst price target of $262.54, implying only about 2.6% upside potential. Despite its Agentforce Annual Recurring Revenue (ARR) growing 240% year-over-year to $1.5 billion and the company raising its FY2027 revenue and EPS guidance, the article notes that operating profit was largely flat after excluding $2.6 billion in investment gains, and only 5% of users have upgraded to the premium AI version. Investors should monitor the Investor Day event on September 16 and subsequent consumer data to assess whether its growth momentum can be sustained.
11:01
Wheat prices have risen sharply due to intensified attacks by Russia and Ukraine on Black Sea grain terminals, which have disrupted global supply chains. Additionally, changing weather patterns have caused droughts, sharply reducing production forecasts in major wheat-producing regions including the US, Canada, Europe, and South Africa. Chicago wheat futures, the global benchmark, reached a three-year high on Friday before settling at $7.79 per bushel on Monday.
11:01
Kalshi cited insider trading as the reason for the ban and penalty. The company had previously reported Santos to the U.S. Department of Justice in June after detecting suspicious trading activity from his account. Santos was expelled from Congress over fraud and identity theft, and his prison sentence was commuted last year.
11:00
The analysis highlights Netflix's Q2 2026 revenue of $12.56 billion (up 13.37% YoY), projected ad revenue doubling to $3 billion in 2026, and a record $4.7 billion share buyback in Q2 2026 as key drivers. It also notes Netflix's 33% operating margin significantly outperforms Disney's 15%.
11:00
US natural gas futures were up slightly as near-term forecasts showed hotter weather in the coming weeks, indicating increased cooling demand for the power-plant fuel as consumers crank up air-conditioning.
11:00
Renowned financial commentator Jim Cramer noted that the AI boom is causing many seemingly diversified investment portfolios to become more concentrated. He cited Caterpillar as an example, whose power generation business revenue surged by 29% and stock price rose by 90% in the past year, partly due to data center demand, making it no longer a pure industrial stock. Additionally, Generac's data center backlog reached $1.6 billion, and Micron Technology's stock price has increased by 228% year-to-date, both indicating that AI infrastructure demand is hidden in less obvious stocks. Cramer suggested truly diversifying portfolios by allocating to stocks unrelated to AI capital expenditures, such as TJX and Wells Fargo.
11:00
On-chain data shows a single burn transaction of 53,907,973 USDC tokens from the USDC contract, with transaction hash 0x1636b75fab246d258f6e529dbf3dfa0ede64ae8dc9f4a8857addd14f2dbce24e.
11:00
S&P Global Energy reported that tanker freight rates have surged to record levels due to restricted traffic in the Strait of Hormuz and a tight supply of vessels. Since the outbreak of the US-Iran conflict on February 28, vessel transits through the strait have dropped by over 80%. The Strait of Hormuz typically handles about 20% of the world's seaborne oil and liquefied natural gas traffic. On August 27, the benchmark freight rate for LR2 tankers from the Middle East Gulf to Japan reached a record $107.72 per metric ton.
10:44
Bill.com Holdings' board authorized a $1 billion share repurchase program in May 2026. The company repurchased $300 million of common stock in Q4 2026 and has $400 million left to spend from the authorization.
10:44
Abu Dhabi National Oil Co. has restored to full capacity one of the world’s biggest oil refineries that was hit earlier in the regional war.
10:44
The analysis from Yahoo Finance (The Motley Fool) highlights that MP Materials' business model, which focuses on domestic rare-earth magnet supply, heavily relies on ongoing trade friction between the U.S. and China. The bull case is supported by significant U.S. government backing, including a transformative deal with the Department of Defense that established price floors and purchase commitments, as well as a $500 million supply deal with Apple. Conversely, the bear case suggests that a thawing of U.S.-China trade relations could expose MP Materials to pricing and margin pressure from lower-cost Chinese producers, alongside execution risks related to its expansion plans and high valuation.
10:42
Mitsubishi UFJ Financial Group (MUFG) will partner with BlackRock and a Morgan Stanley asset management unit to create a mechanism to raise funds from overseas institutional investors for mergers and acquisitions of Japanese companies.
10:38
AMD, Cisco, and Saudi AI company HUMAIN announced that AI infrastructure based on AMD Instinct MI355X GPUs has officially commenced production operations in Saudi Arabia, with the first batch of hashrate now available to customers in Saudi Arabia and the broader region. This deployment is powered by AMD Instinct MI355X GPUs, AMD EPYC CPUs, and Cisco Silicon One networking infrastructure. HUMAIN, supported by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), will provide hashrate through a "GPU-as-a-Service" model. The next phase of the project's expansion is expected to begin in 2027, introducing AMD's next-generation Instinct MI400 series GPUs, with an expansion scale of up to 250 megawatts.
10:38
U.S. Treasury Secretary Bessent stated that the U.S. has more in common with the Chinese on the issue of Iran.
10:33
Energy stocks, including Chevron and Exxon, led the market on Monday as rekindled Middle East conflict pushed oil prices higher. Conversely, utilities, such as PG&E Corporation, faced pressure due to new California legislation creating uncertainty around wildfire liabilities. The broader market saw early declines due to increased September rate hike probabilities and weekend US-Iran exchanges of fire, though major indexes are set for solid monthly gains.
10:32
Shares of California utilities PG&E and Edison International are tumbling this morning, with PG&E down 19% and Edison International down 20%. This follows the rejection by state lawmakers of California Governor Gavin Newsom's proposal to shield the sector from wildfire-related lawsuits. Newsom's administration had argued that blocking insurance companies from suing utilities over wildfire claims was necessary to prevent higher electricity bills and potential bankruptcies for utilities.
10:26
Berkshire Hathaway completed its acquisition of homebuilder Taylor Morrison for $6.8 billion on July 24, aiming to integrate it into its Clayton Properties Group. Separately, JPMorgan Chase recently announced a commitment to deploy $750 billion by 2035 to support affordable housing initiatives, including building or preserving one million affordable housing units and assisting 500,000 customers with home purchases. This commitment represents a 40% increase from its previous pledge.

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