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8/31
15:48
Israeli National Security Minister Itamar Ben-Gvir, accompanied by several rabbis and settlers, entered the Al-Aqsa Mosque compound, Islam's third holiest site, on Monday under the protection of the Israeli occupation forces. He reportedly prayed at the site and called for the establishment of a Jewish temple there. The Jerusalem Governorate condemned the intrusion as a dangerous escalation, a blatant violation of the mosque's existing historical and legal status, and an attempt to impose new realities and alter its Islamic identity.
15:44
Jerome Powell, no longer the Fed chairman, remains a governor and a member of the Federal Open Market Committee. He will have one vote when Chairman Kevin Warsh polls the 12 committee members on September 16, which is the same number of votes Warsh holds.
15:32
OpenAI's enterprise AI agent, ChatGPT Work, experienced elevated errors and latency for about three hours on Monday, with over 1,100 users reporting issues. Separately, Microsoft's Exchange Online also faced issues, affecting nearly 4,600 users for Outlook. Both companies confirmed the outages and stated they were working on fixes, though no connection between the two incidents was reported.
15:28
US President Donald Trump announced new agreements with nine pharmaceutical manufacturers, including Alcon and Astellas Pharma, expanding the "Most Favored Nation" (MFN) pricing mechanism to 26 manufacturers, covering 89% of the branded drug market. This initiative aims to lower US prescription drug prices to the lowest levels consistent with other developed nations. These manufacturers have pledged to invest at least $19.6 billion in US manufacturing and donate critical drug ingredients to the Strategic Active Pharmaceutical Ingredient Reserve (SAPIR) to reduce foreign dependence. The White House anticipates these MFN agreements will save Americans $600 billion over the next decade.
15:23
Bloomberg's Eric Balchunas noted the fund, launched on August 31, 1976, pioneered passive investing and became a cornerstone of the industry.
15:22
The Trump administration granted oil refineries exemptions from mandates requiring them to blend renewable fuels, totaling 1.76 billion credits for the 2025 compliance year. This is significantly higher than the Environmental Protection Agency's previous projection of about 990 million exempt credits, and risks angering farmers ahead of the midterm elections.
15:13
Index tracking funds have nearly $27 trillion tied to the S&P 500. Brooks Cutright, portfolio manager at Hedgeye Asset Management, discussed the upcoming rebalancing on "Bloomberg ETF IQ."
15:12
Citadel Securities' head of equity and equity derivatives strategy Scott Rubner wrote to clients on Monday that the bullish setup that carried the S&P 500 to records in August is changing. He noted that September is historically the worst month for stocks, and options prices are now the cheapest all year, making the risk-reward of buying protection compelling. Rubner also cited slowing corporate buybacks and increased macro events as reasons for near-term caution.
15:00
Nick Panitsas, CIO of Farther Asset Management, made the remarks during an appearance on "Bloomberg ETF IQ." He also discussed "Boomer candy" ETFs, the outperformance of Avantis US Small Cap Value ETF (AVUV), and active ETFs.
15:00
John Spears, managing director and investment committee member at Tweedy Browne, stated on "Bloomberg ETF IQ" that investors should look at insider trading to find value. He discussed the Tweedy Browne Insider + Value ETF (Ticker: COPY).
15:00
Colombia's new government revealed a 9.4% public finance deficit, which was met with a strong negative reaction on Wall Street, triggering one of the worst selloffs of the year in the nation's assets. The Colombian peso (COP) fell by 2.1% against the USD.
14:52
The Federal Trade Commission (FTC) on Monday filed a lawsuit against Amazon, alleging the company misled advertisers regarding its sponsored ads pricing and auction systems. The lawsuit claims advertisers were harmed by a "company-wide effort to deceive" them, including a change made in 2018 to its auction strategy.
14:44
Hundreds of truckers from Bosnia and Herzegovina, Serbia, Montenegro, and North Macedonia gathered across four Western Balkan states on Monday to protest European Union rules limiting non-Schengen drivers to 90 days within any 180-day period. They demand an exemption from these limits, warning they will block EU border crossings on September 14 if Brussels fails to offer an acceptable solution. The drivers argue the current rules severely restrict their working time, impacting their livelihoods, especially with the EU's Entry/Exit System making compliance tracking easier. The European Commission has been in contact with Western Balkan partners to find a solution, with bilateral agreements being one option discussed.
14:44
Tesla shares performed strongly on Monday as investors prepared for the company's "Cybercab unveiling event" scheduled for this Thursday in Austin, Texas. Tesla is expected to add this vehicle to its existing ride-hailing service, which has been operating in Austin since June 2025 and currently uses Model Y SUVs.
14:41
Julie Gunts of AllianceBernstein notes that passive ETFs, with their low fees, once fueled industry growth and laid the groundwork for the current ETF market. Now, active ETFs are more competitively priced against active mutual funds, and investors are increasingly willing to pay for strategy and performance. Consequently, the industry has shifted from a "passive vs. active" debate to a "portfolio construction" approach, where advisors and investors combine both to achieve specific objectives.
14:39
Blue Voice, an AI startup founded by Harvard Law dropout David Lawrence, has secured $6 million in seed funding led by SignalFire and Las Olas VC. The company provides real-time legal and policy guidance to police officers in the field, aiming to prevent errors by offering instant access to department rules. Its platform is currently used by officers at 225 county agencies across 25 states. Lawrence, who co-founded Blue Voice with former Google engineer Amit Patankar and retired Boston police deputy chief Michael Gropman, likens the tool to Harvey, an AI widely used by lawyers. The startup claims its department-specific training helps avoid the inaccuracies of general-purpose AI and has led to an elevenfold increase in its customer base over the past year, contributing to reduced crime and operational controversies.
14:39
Retired General Ben Hodges, former commanding general of the United States Army Europe, stated that reports from the Trump administration regarding the conflict with Iran were "not closely correlated" with the situation on the ground. General Hodges also said he was "encouraged" by reports that military leaders prevented Secretary of Defense Pete Hegseth from extending military operations against Iran.
14:38
Westinghouse Electric aims to capitalize on a resurgence in nuclear power by pursuing an initial public offering (IPO). The company has a powerful ally in the U.S. government, which has an incentive to see it grow.
14:37
The publication notes this trend marks a reversal from 2025, when large technology players drove S&P 500 performance, and investors can easily participate through exchange-traded funds (ETFs).

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