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9/1
06:48
ONGC Chairman: Price, Not Politics, Drives Over 60% of India's Oil Imports
Arun Kumar Singh, chairman and CEO of India's state-owned Oil and Natural Gas Corporation (ONGC), stated that India's imports of spot crude cargoes are primarily determined by prevailing cargo and oil prices. He noted that at least 60% of India's oil imports are a function of price, with economics ultimately prevailing over geopolitical disturbances. India, the world's third-largest crude oil importer, remains highly dependent on imports, accounting for 90% of its consumption.
06:39
ArcelorMittal Drops Takeover of Italy JV After Government Ruling
ArcelorMittal SA dropped its planned takeover of a joint venture with struggling carpart manufacturer CLN-Coils Lamiere Nastri SpA after the Italian government imposed restrictions.
06:37
Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
The country's financial watchdog stated that its proposed stablecoin rules align with U.S. and EU frameworks, also paving the way for the recognition of foreign stablecoins.
06:37
Global bond yields continue to climb, with Japan's 10-year government bond yield surpassing 3% to reach a 30-year high, while German and UK government bond yields also touched multi-year highs.
Global government bond yields continued to rise in early Tuesday trading. Japan's 10-year government bond yield surpassed 3%, reaching its highest level in 30 years. Germany's 10-year government bond yield rose to 3.339%, a first since 2011. The UK's 10-year government bond yield climbed to 5.234%, marking a new high since 2008.
06:36
Global tech equity funds attracted $195 billion in inflows over the past 12 months, the most of any major sector, with Magnificent 7 Q2 earnings beating estimates by 66.2%
According to new data from Deutsche Bank, inflows into tech funds have doubled over the past months. The Magnificent 7 companies (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) reported an aggregate 118.5% earnings growth for Q2, the highest since at least Q4 2020, compared to 31.8% for the other 493 S&P 500 companies.
06:36
Alphabet shares fall 6% in past month, Goldman Sachs analyst attributes decline to 'brain drain' and AI spending concerns
Goldman Sachs analyst Eric Sheridan noted that the decline in Alphabet's stock is primarily driven by two factors: a larger-than-expected slowdown in its search business during Q2, and significant talent departures, or "brain drain," from units like Gemini and DeepMind, which also saw delays in the Gemini 3.5 Pro model. This comes despite strong Q2 results, including an 82% surge in Google Cloud revenue to $24.8 billion and a 13% rise in YouTube revenue to $11.1 billion. Alphabet also raised its full-year capital expenditures guidance to $195 billion-$205 billion, with a "significant" increase projected for 2027.
06:34
Tesla's Spain Sales Plunge 78.8% in August, Registering Just 304 Cars
Tesla's vehicle sales in Spain fell 78.8% year-over-year in August, with only 304 cars registered, according to ANFAC. Despite the sharp monthly decline, Tesla's January-August sales remain up 4.6% compared to 2025. Meanwhile, overall Spanish sales of electric and hybrid vehicles jumped 34.1% during the same eight-month period.
06:32
Bitcoin consolidates near $78,000; Arbitrum surges 30% on Robinhood Chain revenue
Bitcoin drifted lower after last week's rally to $81,428, while Arbitrum (ARB) led DeFi gains as Robinhood Chain's daily fees topped $2 million.
06:31
Brazil surpasses US to become world's top cotton exporter, achieving record revenue
Brazil's cotton export revenue reached a new record of $5.3 billion in the 2025/26 commercial year, up approximately 9% year-on-year, consolidating its position as the world's largest cotton exporter. The country surpassed the US by over 700,000 tonnes, with China emerging as the largest buyer, partly due to ongoing trade tensions with the US.
06:29
BlackRock's Global Chief Investment Strategist Wei Li: Currently prefers US equities over government bonds, but sees income opportunities in fixed income.
06:28
Jim Cramer says interest rate cuts look unlikely given current backdrop
Jim Cramer says he doesn't see how interest rates can fall given the current backdrop. He points to Warsh's tough inflation stance, the ongoing war, U.S. allies' dependence on American support, and rapidly rising oil stocks as reasons, calling the combination of developments "unholy."
06:20
Xi Jinping proposes AI cooperation at SCO summit, positions organization as "pillar of stability"
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
El Niño and Disease Threaten West Africa’s Cocoa Harvest Again
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
Analysis: Texas Halts New Data Center Grid Connections Amid "Phantom Demand" and National Grid Planning Challenges
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.
06:13
Pakistan Prime Minister Shehbaz Sharif said on Tuesday that Pakistan “firmly believes” the US-Iran peace framework it helped broker offers the best prospect for peace in the region.
Sharif made the remarks to leaders of the Shanghai Cooperation Organisation.
06:11
US mortgage fixed rates rise on Sept 1, with 30-year at 6.59%, following weekend airstrikes near Hormuz
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: Software Stocks Soared in August, Chipmakers Lost $1.1 Trillion in Market Value; Historical Data Suggests a Tougher September Ahead
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 Lists Tokenized Notes Tied to Strategy and Metaplanet
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 weighs recognizing some foreign-issued stablecoins
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
Indian LNG Imports Surge to Six-Year High in August, Defying Higher Spot Prices Amid Iran War Disruptions
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.
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. Accuses China's COSCO of Spying for Beijing, Claims Vessels Collect Military Intelligence
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
BYD's 10,000th flash charging station has been completed, while CATL's Times Electric Service is accelerating the construction of battery swap stations.
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
Israel attacked the Gaza Strip on Tuesday, killing at least four people, including children.
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.
06:02
A Reuters/Ipsos poll shows 57% of Americans oppose Donald Trump's new tariffs on Canadian imports.
05:59
Marvell raises its FY2027 revenue guidance to $12 billion and FY2028 revenue guidance to $18 billion.
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
Opendoor Technologies stock trades near 52-week low, down 26% over past year
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 Tells Carmakers to Keep Price War Away From Export Markets
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.
05:52
Hyundai Monthly Sales Tumble to Four-Year Low After Labor Strikes Idled Production in South Korea
05:49
Russian Steel Demand Recovers Driven by War Damage Reconstruction and Delayed Project Resumption
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.

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