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9/1
14:13
Anthropic announced on Tuesday it will walk back a controversial 30-day data retention policy for its Claude Fable 5 and Mythos 5 AI models, which had been introduced in June. Following extensive feedback from business customers concerned about privacy, the company is implementing a new solution called Enterprise Frontier Safeguards. This new system allows businesses to control how their data is reviewed, stored, and managed, including automated safety monitoring without human review from Anthropic. The company will not charge for these safeguards, which are crucial as Anthropic generates most of its revenue from enterprises and is preparing for a potential IPO.
14:09
Government borrowing costs have been surging around the world as investors demand more compensation to entice them to hold longer-maturity debt. Yields on 30-year Japanese government bonds are near all-time highs at 4.19%, while 30-year UK government bond yields are at their highest since 1998. A Bloomberg gauge tracking government debt across the Group of Seven countries now yields its highest on average since September 2000.
14:00
Nestlé stated that the transaction, involving seven brands including Nature's Bounty and Sisu, aims to tighten its portfolio and focus on core categories. The business generated $1.2 billion in sales last year, with its primary market in the United States.
14:00
Deutsche Bank analysts identify Coherent and Lumentum as their "highest conviction" stock picks among hardware companies positioned to benefit from the next big AI wave, citing their role in connectivity.
14:00
The sale, executed at $255.33 per share, was part of a previously disclosed Rule 10b5-1 trading plan adopted earlier this year. Despite the sale, Child still owns 163,832 shares, valued at over $39.6 million.
14:00
Martin Marietta Materials (MLM) completed its merger with Lhoist North America on August 21, a transaction that added over 2 billion tons of high-quality limestone reserves and made it the leading producer of limestone products in the U.S. The company anticipates needing 24 months post-merger to restore its balance sheet to its target investment-grade range. Management has raised its full-year revenue guidance to $7.2 billion-$7.4 billion, but this guidance does not yet include the contribution from the Lhoist North America transaction; investors should await the Q3 earnings update for further details.
13:42
Liani suggests investor concerns about software-sector weakness and artificial-intelligence overspending are retreating, providing a boost to Microsoft shares.
13:41
In its Q2 2026 investor letter, FPA Queens Road Small Cap Value Fund noted that Sprouts Farmers Market (SFM) stock performed strongly through April 2025, leading the fund to trim its position in late 2024 and early 2025. However, SFM's share price collapsed in the second half of 2025 when growth slowed. The fund stated that SFM now trades at a low-teens multiple of forward earnings, making them comfortable holding a mid-sized position. On August 31, 2026, SFM closed at approximately $82.04 per share.
13:39
Lumentum (LITE) stock saw significant gains in 2025 and early 2026 during the artificial intelligence trade. Following a rotation out of tech names this summer, the data center infrastructure company's stock found support at its 200-day moving average, forming a new base and presenting a potential buy point for investors.
13:39
A Yahoo Finance analysis suggests that in the event of a market downturn, the author would consider investing in Space Exploration Technologies (SpaceX) and Intel. The analysis highlights SpaceX's robust performance in its AI segment, with related revenue growing 247.5% year-over-year to $2.6 billion in Q2. For Intel, the company's Q2 revenue rose 25% to $16.1 billion, driven by soaring demand for server CPUs due to the rise of AI agents.
13:39
U.S. Secretary of Transportation Sean Duffy, discussing autonomous vehicle (AV) regulation, stated that his philosophy is to neither regulate too slowly, stifling innovation and companies, nor too quickly, leading to safety issues. He emphasized the need to find a "Goldilocks" approach, setting appropriate rules before AV technology is fully ready. He stressed that Congress should establish unified federal standards for AV regulation, rather than allowing individual states to create their own rules, which would lead to chaos. Duffy also posed a series of open-ended questions regarding AV vehicle design, such as whether rearview mirrors, windshield wipers, brake and accelerator pedals, and steering wheels are necessary, implying that traditional automotive design specifications may not apply to autonomous vehicles.
13:37
Google has introduced Google Pics, a new AI-powered image creation and editing tool designed to compete with platforms like Canva and Adobe Express. The tool, which emphasizes AI prompting over traditional design, is driven by Google’s Nano Banana image generation model and will be integrated into Google Workspace, starting with Docs and Slides today. It will roll out to most Workspace customers and Google AI Pro/Ultra subscribers in the coming weeks.
13:36
U.S. airstrikes on Islamic Revolutionary Guard Corps targets in Iran sparked market concerns. U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average falling 412 points (0.8%), the S&P 500 down 0.7%, and the Nasdaq Composite down 0.9%. International oil prices surged by approximately 4%, with U.S. crude breaking above $89/barrel and Brent crude exceeding $93/barrel. Global bond markets faced pressure, as the U.S. 10-year government bond yield hit a new high since January 2025, and Japan's 10-year government bond yield touched 3% for the first time since 1996. Gold prices fell 1.9% to $4396/ounce. The airstrikes occurred a day after an oil tanker in the Strait of Hormuz was attacked by an unidentified projectile, and President Donald Trump had vowed retaliation.
13:29
In its second-quarter 2026 investor letter, the fund stated that UGI, a regulated gas utility also involved in pipelines and propane distribution in the U.S. and Europe, has done an impressive job resetting after issues in its Amerigas propane business led to increased debt metrics. The fund's conviction, however, remains with AI stocks for higher returns in a shorter timeframe.
13:29
In its second-quarter 2026 investor letter, First Pacific Advisors' FPA Queens Road Small Cap Value Fund praised specialty insurer RLI Corp. (NYSE:RLI) for its selective business approach, diversified niche products, and exceptional financial performance, including an average combined ratio of 89.3% and ROE of 16.6% from 2015-2024. The fund, which has held RLI since 2011, stated it was pleased to add to its position this year at roughly 20 times current year's earnings.
13:28
The fund noted that JBT Marel manufactures food processing equipment and has an impressive history of earnings consistency and growth in relatively non-cyclical end markets. The fund returned 27.02% in the first half of 2026, outperforming the Russell 2000 Value Index and the S&P 600 Index.
13:28
FPA Queens Road Small Cap Value Fund noted in its Q2 2026 investor letter that it has accumulated shares in Bank of N.T. Butterfield & Son (NYSE:NTB) due to its attractive deposit and wealth management franchise in the Caribbean, trading at less than 10 times earnings. The fund believes that NTB's announced acquisition of CIBC's Caribbean franchise on May 28, at 1.1 times book value and 9 times earnings, will roughly double its business size and further solidify its market position, despite introducing some operational and balance sheet risks.
13:27
FPA Queens Road Small Cap Value Fund noted in its Q2 2026 investor letter that InterDigital (IDCC) possesses a vast portfolio of wireless patents, generating revenue primarily through licensing agreements with smartphone manufacturers, and has begun expanding its licensing business to consumer electronics, automotive, industrial, and media companies. The fund stated that InterDigital's stock price has risen with earnings growth, making it one of its best-performing stocks in 2023, 2024, and 2025, and despite gradually reducing its holdings, the fund's current position remains less than 2%.
13:27
FPA Queens Road Small Cap Value Fund, managed by First Pacific Advisors, stated in its Q2 2026 letter to investors that it has increased its position in Vontier (VNT). The fund believes the company benefits from the growing convenience store end market and that its stock is undervalued, trading at approximately 9 times earnings. Vontier provides technologies and solutions for the mobility, transportation, and industrial markets.
13:27
Investment management firm FPA Queens Road Small Cap Value Fund noted in its Q2 2026 investor letter that ePlus (NASDAQ:PLUS), as a value-added reseller, has a business model focused on client consultation and is broadly benefiting from increased enterprise IT spending, projecting faster and less volatile growth. As of August 31, 2026, ePlus's stock closed at $87.28, with a market capitalization of approximately $2.3 billion.
13:26
FPA Queens Road Small Cap Value Fund highlighted Arrow Electronics (ARW) in its second-quarter 2026 investor letter, noting the company's strong financials and cash flows, which allowed it to retire roughly one-third of outstanding shares during 2020-2023. The fund also pointed out ARW's Q1 earnings growth of 39% year-over-year with adjusted EPS more than doubling. While the fund has been trimming its position, it still maintains a substantial holding in ARW, which closed at approximately $203.92 per share on August 31, 2026, with a market capitalization of about $10.41 billion.
13:26
First Pacific Advisors (FPA)'s Queens Road Small Cap Value Fund noted in a letter that Littelfuse, which produces niche electrical components, has demonstrated robust organic growth, high operating margins, strong returns on capital, and successfully navigated tariffs. Sales and orders have accelerated from post-pandemic lows, with incremental sales recorded to data centers.

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