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9/1
06:20
Chinese President Xi Jinping on Tuesday urged Shanghai Cooperation Organization (SCO) member states to play a greater role in global affairs and proposed artificial intelligence (AI) cooperation, while positioning the Eurasian organization as a "pillar of stability" in an uncertain world. Beijing is attracting developing countries by deepening technological coordination and project commitments.
06:19
Simon Essah, a cocoa farmer in southwest Ghana, noted trees in his farm scarred by black pod disease, which is the latest in a series of threats plaguing his crop this year.
06:15
Texas recently became the first major hub to pause new grid connections for data centers and launch an investigation into their plans, aiming to address the issue of inflated power demand from these facilities, Reuters analysis shows. Other U.S. states are adopting similar measures to tackle this growing problem, which is vexing regulators and politicians nationwide. Data indicates that power demand applications from data centers in the U.S. Midwest exceed 700 gigawatts, more than 10 times current industry estimates. Texas Governor Greg Abbott has ordered a comprehensive audit of data center proposals, requiring detailed disclosures such as ultimate ownership, to ensure grid stability and reliability. Some utilities have significantly cut their demand forecasts for data centers after implementing stricter financial safeguards, such as upfront payments. For instance, Exelon has reduced its forecast by approximately 40%, and AEP Ohio by more than half.
06:11
According to the Zillow lender marketplace, the average 30-year fixed rate increased by four basis points to 6.59%. The 15-year fixed loan rose nine basis points to 6%. These movements follow U.S. airstrikes on Iranian rocket launchers over the weekend near the Strait of Hormuz.
06:11
Yahoo Finance analysis indicates strong performance in software stocks in August, with the iShares Expanded Tech-Software Sector ETF (IGV) surging over 16%, while the iShares Semiconductor ETF (SOXX) rose only 1%. During the same period, the S&P 500 index climbed slightly over 2.5%. Atlassian (TEAM) stock nearly doubled, Palantir (PLTR) gained over 50%, and Salesforce (CRM) soared over 40%. However, chip stocks experienced a significant decline in the latter half of August, with 58 out of 61 semiconductor stocks tracked by Yahoo Finance falling, wiping out approximately $1.1 trillion in market capitalization. Historical data shows that September is typically the weakest month for the S&P 500, with increased volatility, which could pose even greater challenges for chip stocks.
06:10
Bitfinex Securities has listed five equity-backed notes, issued through Luxembourg’s ORO II fund, which are tied to the performance of Strategy and Metaplanet. These notes will be traded against dollars, USDT, and Bitcoin, and are available to eligible non-US investors.
06:10
Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.
06:10
India's liquefied natural gas imports jumped in August to the highest in nearly six years, defying higher spot prices as fertilizer and fuel distributors sought to replace shipments disrupted by the Iran war.
06:10
Global factory activity rebounded in August, driven by AI demand in Asia and new orders in Europe; Eurozone PMI hit 52.7, highest since May 2022. Surveys showed that growth in the euro zone's manufacturing sector reached its fastest pace in over four years. In Asia, China's manufacturing PMI rose to 51.5, Japan's to 54.9 (highest since April), and South Korea saw activity expand for a ninth straight month, all on solid demand for chips and AI-related products. This positive outlook comes despite ongoing uncertainty from the prolonged U.S.-Iran war and the closure of the Strait of Hormuz.
06:06
U.S. officials allege that Chinese shipping giant COSCO uses concealed equipment on its vessels to collect military communications intelligence near foreign coastlines. They claim this technology monitors military signals, encryption developments, and strategic shipping routes across North America, Europe, and Asia. China has rejected these allegations as “baseless.” The claims emerge ahead of a planned summit between Trump and Xi, where security and trade tensions are expected to be key topics.
06:04
Wallstreetcn reported that BYD inaugurated its 10,000th flash charging station in Shenzhen on August 28, 2026, and plans to build 20,000 flash charging stations by the end of this year. Meanwhile, CATL's subsidiary, Contemporary Amperex Energy Service Technology Ltd. (CAES), recently announced a plan to establish 100 battery swap stations in Kunming alone, with similar projects to be launched in multiple cities, aiming to exceed 3,000 battery swap stations nationwide by year-end. The two new energy giants are accelerating the construction of their energy replenishment networks to meet the demand for charging/swapping facilities driven by the growth in new energy vehicle sales.
06:02
Israeli attacks on the Gaza Strip have resulted in at least four deaths and several injuries. Among them, a drone strike in the al-Kateeba district, west of Gaza City, killed at least three people, including two children, and injured eight others. Another attack in Deir al-Balah, central Gaza, killed at least one person. The Israeli military stated that the strikes were aimed at eliminating threats to its forces.
05:59
Chipmaker Marvell announced on its Q2 FY2027 earnings call on August 27 that its data center business continues to grow, and it has raised its full-year outlook for the second consecutive quarter. The company now expects FY2027 revenue to be approximately $12 billion, up from the previous estimate of $11.5 billion; and FY2028 revenue to be approximately $18 billion, an increase of $1.5 billion from the prior forecast. Marvell also disclosed an expanded agreement with a major hyperscaler, with potential cumulative revenue reaching approximately $120 billion over about six years.
05:59
Despite new management and improving metrics in its Q2 report, including a 23% quarter-over-quarter revenue increase and reduced acquisition costs, Opendoor Technologies (NASDAQ: OPEN) stock has fallen 26% over the past year and is trading near its 52-week low at $3.22 per share. The market remains concerned about its year-over-year performance, with adjusted net loss increasing from $9 million to $30 million.
05:52
China told its carmakers to keep their cutthroat competitive actions, like steep price cuts, away from overseas markets as manufacturers increasingly look abroad for growth to counter a domestic slowdown.
05:49
Bloomberg reports that Russian steelmakers are seeing signs of recovery in domestic demand and prices, driven by the resumption of delayed construction projects and the need to repair assets damaged by Ukrainian attacks.
05:48
Goldman Sachs Asia Research team's memo, released on September 1, noted that Alibaba's management remains highly confident in the conversion of AI investments into revenue growth and shareholder returns. They anticipate a three-year payback period for AI infrastructure investments, with potential for further reduction as business scales. Management also projects that MaaS annualized recurring revenue (ARR) will reach RMB 30 billion by FY27 and has set a mid-term cloud business profit margin target of 20%. Goldman Sachs believes that Alibaba Cloud is well-positioned to amplify its first-mover advantage in the AI era, leveraging its full-stack capabilities and extensive customer base.
05:39
André Küüsvek, CEO of the Nordic Investment Bank (NIB), stated that the bank has officially incorporated resilience, security, and defense into its strategy. NIB is currently in discussions with approximately 30 potential borrowers regarding projects totaling around 1.2 billion euros.
05:39
Global government bond yields surged on Tuesday, fueled by renewed inflation concerns stemming from escalating tensions in the Middle East. Japan's 10-year government bond yield jumped over 6 basis points to 3%, its highest level since 1996. The UK's 10-year government bond yield rose over 9 basis points to 5.2341%, reaching its highest point since the global financial crisis in June 2008. The US 10-year government bond yield also climbed to a 20-month high of 4.7880%. Government bond yields in Germany and France also touched multi-year highs. US Treasury Secretary Scott Bessent, in a CNBC interview on Monday, downplayed concerns about rising US bond yields, stating that the US bond market remains the "best performing market" globally.
05:37
Analysis indicates that JPMorgan Chase stock has consistently outperformed Tesla since mid-2021. The article suggests that the recent strong performance of bank stocks is partly due to the steepening yield curve and the flow of deposits to larger banks following the Silicon Valley Bank crisis. Tesla's valuation (180x forward P/E) is considered excessive, and its robotaxi and humanoid robot businesses still require time to prove themselves. The article recommends JPMorgan Chase for risk-averse investors seeking stable growth and capital returns, while Tesla is more suitable for aggressive investors.
05:36
Goldman Sachs has updated its monthly US Director's Cut list, adding Vertex Pharmaceuticals (VRTX) and removing Interactive Brokers (IBKR). The list features 20–25 high-conviction, Buy-rated US stocks, selected for differentiated views and attractive risk-adjusted return potential, focusing on bottom-up fundamental analysis.
05:34
Klein stated in his Substack column that the near-zero interest rates after the 2008 global financial crisis indicated economic dysfunction. He argues that higher rates reflect robust economic growth, with incomes and spending currently rising 7% annually, and strong capital demand, particularly from AI infrastructure buildout. This also signifies a normalization of rate markets. Globally, 10-year bond yields are at multi-year highs, including Japan (30 years), Germany (15 years), and the U.K. (18 years).
05:34
Jersey Mike's, with approximately 3,300 locations, faces the challenge of attracting younger customers as its growth strategy primarily targets affluent older consumers, according to a Wall Street Journal analysis.

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