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9/1
05:18
Shein's Market Debut Comes at Awkward Time, Bloomberg Reports
The fast-fashion retailer's long-awaited market debut shows the cost of missing its growth peak, as its peak growth years are behind it, and it faces increasing tariffs, regulatory pressure, and intensifying competition.
05:17
China's tax authorities have announced the immediate cessation of dividend tax exemptions for foreigners, imposing a 20% tax rate.
Chinese tax authorities announced on Tuesday that they would end the tax exemption for dividends obtained by foreigners from foreign-invested companies, a move aimed at "unifying the tax system."
05:16
South Korea's Ministry of Oceans and Fisheries has proposed a record-high budget of 82.6 trillion Korean Won (approximately $59 billion) for 2027.
South Korea's Ministry of Oceans and Fisheries (MOF) has proposed a record budget of 82.6 trillion won (approximately $59 billion) for 2027, a 10.8% increase from this year. The ministry stated at a pre-release briefing on Monday that this would be its largest annual budget growth rate since its re-establishment in 2013. According to the proposal, 38.8 trillion won of the budget will be allocated to fisheries and coastal communities.
05:15
Taiwan Fines Cathay SITE, Restricts Offshore Trust Offerings for One Year Due to Conflict-of-Interest Breach
05:15
South African Factory Mood Sours as Production Momentum Slows
South African manufacturing sentiment deteriorated as a slowdown in production momentum weighed on output and local demand came under pressure.
05:12
S&P 500 E-mini futures are down 0.58%, and Dow futures are down 0.55%.
05:10
NASDAQ 100 futures extend losses, last down 1.03%
05:08
Canadian Solar (CSIQ) Q2 net loss was $77 million, with revenue down 29% year-over-year, but backlog increased to $8 billion.
Canadian Solar announced its second-quarter results, with a net loss of $77 million, a 29% year-over-year decrease in revenue, and a gross margin that fell to 13.9% from 29.8% in the same period last year. Operating expenses increased by 21% quarter-over-quarter, leading to an operating loss of $71 million. However, the company's total backlog grew to approximately $8 billion, including over 13 GWp of module orders valued at more than $4.5 billion, and $3.5 billion in energy storage backlog. Phase 1 (2.1 GWp) of the company's heterojunction solar cell factory in Jeffersonville, Indiana, is expected to be fully operational by October 1, with Phase 2 pushing total capacity to 6.3 GWp by 2027, making it the largest crystalline silicon cell factory in North America.
05:07
IREN announced its complete exit from the Bitcoin mining business, fully transitioning to AI infrastructure, and has already signed a GPU contract with Microsoft.
IREN announced to investors on August 27 that it would completely shut down its Bitcoin mining operations and fully transition into an AI infrastructure company. The company's Q4 AI cloud revenue doubled to $70.5 million, and it has secured $4 billion in contracted revenue for 2026 capacity, with $1 billion already generating cash. IREN delivered the first phase of its liquid-cooled data center to Microsoft in August 2026. To support the transition, IREN completed $6.5 billion in GPU financing within three months, including $3.6 billion in investment-grade funding related to the Microsoft contract and $2.8 billion in non-investment-grade equipment financing. However, the transition also brought financial pressure, with a net loss of $684 million in Q4, primarily due to a non-cash impairment of $450.4 million on mining hardware, and total revenue sequentially decreased to $137.2 million. IREN anticipates capital expenditures of $25 billion to $30 billion for fiscal year 2027.
05:07
Aviat Networks (AVNW) Q4 FY2026 revenue increased 4.8% year-over-year to $120.9 million, while non-GAAP EPS fell to $0.64 due to a decline in gross margin caused by component shortages.
Aviat Networks (AVNW) announced its fourth-quarter fiscal year 2026 results for the period ending August 27, with revenue reaching $120.9 million, a 4.8% year-over-year increase, and backlog growing 14% to $367 million. However, non-GAAP earnings per share decreased to $0.64 from $0.83 in the same period last year, and non-GAAP gross margin declined from 34.7% to 30.9%, primarily due to shortages and price increases of components such as memory and printed circuit boards. The company projects fiscal year 2027 revenue to be between $455 million and $470 million and continues to increase investment in its private network business, which currently accounts for approximately 45% of total revenue.
05:07
Gap Inc. (GAP) Raises Full-Year Profit Guidance Despite 2% Drop in Total Sales and Underperformance at Old Navy
Gap Inc. raised its full-year adjusted operating margin forecast to 7.4%-7.6% and its adjusted EPS guidance to $2.35-$2.45 after reporting quarterly results on August 27. Despite a 2% decline in total company sales, comparable sales for the namesake Gap brand rose 10% and Banana Republic comparable sales increased 3%, offsetting a 4% decline in Old Navy comparable sales and a 12% decline in Athleta comparable sales.
05:07
Capricorn Energy's board has backed DNO's $396 million takeover offer, valued at $5.214 per share, representing a premium of approximately 10% over Genel's bid.
Norwegian oil producer DNO has agreed to acquire Capricorn Energy for approximately $396 million in cash, with its offer of $5.214 per share representing a premium of about 10% over Genel Energy's previous offer of $4.74 per share. Capricorn's board now unanimously recommends DNO's deal, despite its shareholders having approved Genel's proposal on August 18. This acquisition will give DNO entry into the Egyptian upstream oil and gas sector.
05:06
Ørsted's 913MW Borkum Riffgrund 3 Offshore Wind Farm in German North Sea Begins Commercial Operations
The project, co-owned by Ørsted and Nuveen Infrastructure, is one of Germany's largest operating offshore wind farms. It has secured long-term power purchase agreements (PPAs) totaling 786MW with Amazon, BASF, Covestro, Energie-Handels-Gesellschaft/REWE Group, and Google, with terms ranging from 10 to 25 years.
05:06
Copenhagen Infrastructure Partners (CIP) Acquires Australia's Gawara Baya Wind and BESS Project, Secures A$1.7 Billion Debt Facility
Copenhagen Infrastructure Partners (CIP) has purchased the Gawara Baya hybrid onshore wind and battery energy storage (BESS) project in North Queensland, Australia, from Windlab. The project, comprising a 408MW wind farm and a 104MW BESS, has secured a A$1.7 billion debt facility from a consortium of ten banks, reaching financial close. With all main approvals in place, CIP has made the final investment decision, and construction is set to commence, with full operation expected by 2030.
05:06
Spot silver falls nearly 3% to $64.56/oz
05:05
Global investors are flocking to China's Shenzhen for AI and robotics opportunities, with HSBC, UBS, and Nomura hosting investor conferences there on Tuesday.
Shenzhen, home to US-sanctioned Huawei Technologies and drone maker DJI, has seen an influx of investors and business leaders amid rising global interest in Chinese artificial intelligence and robotics. The investor conferences led by the three international financial institutions prominently featured AI, robotics, and other emerging technologies on their agendas.
05:05
The Crypto Fear & Greed Index is currently at 73, moving from "Extreme Greed" into the "Greed" range.
05:03
Binance Announces Update on Collateral Ratio Under Cross Margin and Portfolio Margin, Effective September 4
04:58
The UK FTSE 100 index fell 1.05% intraday, now at 10,711.14.
04:56
Israeli military says it struck several targets in Gaza
04:52
WTI crude oil rose 2.54% intraday, now trading at $87.940.
04:52
Nuveen Global Investment Strategist Laura Cooper Says Real Yields Have 'More Room to Run'
Cooper noted that the key catalyst going forward will be the August inflation print, and the market will be driven more by data in the coming weeks.
04:51
Peterson Institute President Adam Posen Thinks Things Could Get 'Messy' for the Fed
Peterson Institute for International Economics President Adam Posen believes the Federal Reserve could face a "messy" situation. He offered his take on the direction of monetary policy and graded Fed Chair Warsh's hawkish speech at the Jackson Hole Symposium, discussing potential rate hikes, the consequences of not curbing inflation quickly enough, and the impact of Treasury's involvement in the bond market on Fed independence.
04:49
Binance Futures Will Launch USDⓈ-Margined MARSCOINUSDT Perpetual Contract on September 1, 2026
04:48
H.I.G. Capital is said to consider selling its controlling stake in US-based Rising Pharmaceuticals, potentially seeking a $1 billion valuation.
04:37
UK households face energy 'risk premium' as Ofgem raises price cap 4% from Oct 1, government announces electricity bill tax cut; US attacks on Iran over weekend cited as cause
The UK energy regulator Ofgem announced a 4% increase in the energy price cap starting October 1, 2026, which will add approximately £60 ($80) annually to the average household's bill. This comes as wholesale gas prices have sharply risen due to the intensified US-Israel war on Iran, with US attacks on Iran occurring again over the past weekend. In response, the UK government announced a tax cut on monthly electricity bills, effective until the end of the 2027 financial year, to mitigate the economic impact. Experts warn that the ongoing geopolitical situation, particularly concerning the Strait of Hormuz, means consumers will continue to pay a 'risk premium' for energy supply.
04:33
Binance Launches Stock Options — Trade U.S. Stocks and ETF Options with Physical Settlement
04:33
Bybit to revert mark price calculation for applicable perpetual contracts to standard method starting Sep 2
Bybit announced it will revert the mark price calculation method for applicable perpetual contracts to the standard method, moving away from the calculation introduced in November 2025. The transition will begin on Sep 2, 2026, and is expected to be completed by Sep 7, 2026. This change aims to ensure greater consistency across all perpetual contracts and better align with the market's general understanding of mark prices under various conditions. The update will be applied automatically, and existing positions, trades, and historical data will not be affected.
04:28
Bybit Islamic Account expands with 20 new Shariah-compliant trading pairs, with 100 more planned in batches
Bybit announced the addition of 20 new Shariah-compliant trading pairs to its Islamic Account, including NIGHT/USDT, XPL/USDT, and SOMI/USDT. This is the first of five batches, with a total of 100 new Shariah-compliant pairs to be rolled out every two weeks. The pairs have been verified by advisory partners, reinforcing Bybit's position as a pioneer in faith-based crypto trading.
04:27
Asian Spot LNG Climbs to Five-Month High on Hormuz Strait Disruption Concerns

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