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9/2
10:04
According to Reuters sources, OPEC+ is expected to keep its oil production policy unchanged for October at the meeting held on Sunday. The group is completing the rollback of a 1.65 million barrel-per-day production cut introduced in 2023. However, actual output has lagged quotas as conflicts in Iran and Ukraine disrupt exports, limiting OPEC+’s influence on global supply. Attention is now shifting toward 2027 production quotas.
10:04
U.S. long-term government bond yields remained elevated on Wednesday, with the 10-year yield hitting its highest level since November 2023. Meanwhile, oil prices hovered around $95 per barrel, intensifying market concerns about rising inflation and potential interest rate hikes by Federal Reserve officials. In individual stock news, Dell Technologies (DELL) saw its shares surge 10% due to record orders for its AI server business.
10:03
Sands Capital Select Growth Fund noted in its Q2 2026 investor letter that despite investor concerns about AI disrupting ICE's mortgage business and competition from perpetual futures contracts leading to a decline in ICE's stock price, the fund believes this is more a case of valuation compression rather than fundamental deterioration. The fund believes the market has overestimated the risk of AI to ICE's mortgage business and exaggerated the impact of perpetual futures competition. As of September 1, ICE's stock closed at $159.60, up 4.85% over the past month and down 10.30% over the past 52 weeks.
10:03
Diageo, the maker of Tanqueray gin, announced that ESG (environmental, social, and governance) measures will no longer be included as separately weighted elements in its long-term incentive plan for management, effective from its 2027 financial year. These ESG metrics previously made up 20% of senior executives' total long-term bonuses. The company will now primarily tie long-term rewards to financial metrics, reducing the performance measures from eight to three: earnings per share, cumulative cash flow, and adjusted return on invested capital. Diageo stated its commitment to ESG goals remains unchanged, with targets still embedded in its operational framework and monitored by the board.
10:02
Orders excluding transportation climbed 0.6%, while orders excluding defense jumped 1.0%. Durable goods orders were confirmed at +1.1%, and nondurable goods orders increased 0.7%. However, computers and electronic products orders fell 1.1%, reversing June’s 3.1% gain. Overall, the data points to stronger U.S. manufacturing demand in July, despite weakness in the technology segment.
10:02
Factory Orders MoM: 0.9%, Expected 0.6%, Prior -0.3%
Release Time: 2026-09-02 14:00 UTC
10:02
Russian President Vladimir Putin warned Armenian Prime Minister Nikol Pashinyan on Tuesday that Yerevan's bid to join the European Union could disrupt trade with Moscow, as relations between the two countries have reached historic lows. Putin stated that Moscow needs clarity on Armenia's EU aspirations to decide on the future of bilateral trade, adding that joining the EU would be tantamount to declaring a break from the Russia-led Eurasian Economic Union (EEU). Pashinyan, however, stressed that Armenia has not violated any obligations to Russia and does not intend to leave the EEU through its EU accession process. Bilateral trade between Russia and Armenia reached $2.5 billion in the first half of this year.
09:55
Bank of Canada Interest Rate Decision: 2.25%, Expected 2.25%, Previous 2.25%
Release Time: 2026-09-02 13:45 UTC
09:54
DA Davidson analyst Gil Luria stated that without these drivers, Apple could face revenue pressure next year after experiencing its strongest iPhone upgrade cycle in five years. Future innovations, including a glass iPhone, AirPods with cameras, and smart glasses, are also crucial for maintaining investor and consumer interest.
09:52
Sands Capital Select Growth Fund, in its Q2 2026 investor letter, noted that Carpenter Technology Corporation (NYSE:CRS), a specialty metals manufacturer, has been held since 2025 with a 4.2% portfolio weight. The fund maintains conviction in CRS due to its specialized materials leadership, pricing power, and exposure to a multiyear aerospace production recovery. The company's fiscal third-quarter results reinforced Sands Capital's margin thesis, showing significant operating leverage as the aerospace equipment cycle continued to recover, with Specialty Alloys Operations generating an 86% incremental margin.
09:47
Analysts noted that chip equipment manufacturer Lam Research raised its 2026 wafer fab equipment spending outlook to the $150 billion range, up from its previous expectation of $140 billion. The company anticipates revenue for the quarter ending September to reach $8.1 billion, an increase of approximately 20% quarter-over-quarter. Lam Research achieved record revenue of $23.2 billion in fiscal year 2026, with diluted earnings per share of $5.82, a 41% year-over-year increase, and a gross margin of 52%, its highest in 20 years.
09:46
USA Rare Earth (Nasdaq: USAR) stock has fallen approximately 53.5% from its all-time high in October 2025, meaning a $10,000 investment at that time would now be worth about $4,650. The company went public via SPAC in March 2025 and announced in January 2026 that the U.S. government would hold approximately 10% of its equity.
09:43
In its Q2 2026 investor letter, Sands Capital Select Growth Fund noted that Shopify's shares declined due to investor concerns over AI-related expenses and forward guidance, overshadowing strong quarterly revenue growth of 32%. However, the fund believes these concerns are manageable, as Shopify is embedding AI to improve merchant productivity and product discovery, with early traction seen in Sidekick and Campaigns usage up 400% and 300% year-over-year, respectively. The fund maintains its long-term growth conviction, also supported by enterprise adoption, international expansion, and rising take rates.
09:43
Sands Capital noted in its Q2 2026 investor letter that the decline in Spotify Technology S.A. (NYSE:SPOT) shares was due to increased short-term operating expenses, which reflects investment in future product development, signaling a new AI product cycle. The firm believes that AI will expand rather than harm Spotify's business model. Management emphasized that the company is on track to achieve double-digit revenue growth by 2030, driven by new monetization opportunities such as AI music features, audiobooks, and personal podcasts.
09:42
A total of 23 billionaire-led funds held stakes in Viatris (NASDAQ: VTRS) at the end of the second quarter, while 22 funds held stakes in BioCryst (NASDAQ: BCRX). Viatris's Q2 revenue rose about 4.9% year over year, and management raised its fiscal 2026 guidance across all key metrics. The FDA also approved Gwyn Lo, a once-weekly contraceptive patch from Viatris, which the company plans to launch later in fiscal 2026.
09:42
Broadcom Inc. (AVGO) is set to report fiscal third-quarter earnings after the bell Wednesday. Prediction market Polymarket prices a 98% chance that Broadcom will beat quarterly earnings expectations. The market's primary focus is on what CEO Hock Tan will say about Broadcom's AI customers and growing competition for Google's custom-chip business during the 5 p.m. ET earnings call. Kalshi traders are betting on mentions of OpenAI (96%), VMware (94%), Anthropic (92%), and Google (84%). Despite Google recently expanding its chip relationship with Broadcom competitor Marvell, JPMorgan believes Marvell has not won Google's core TPU accelerator business, and Broadcom remains the volume partner for the next four TPU generations.
09:40
Kalshi is preparing to seek U.S. regulatory approval for WTI crude oil perpetual futures, potentially as early as next week. If approved by the CFTC, Kalshi could launch the first oil-linked perpetual futures on a regulated U.S. platform. The proposed contracts would trade 24 hours a day, five days a week and have no expiry date, allowing traders to hold leveraged positions without rolling contracts over. This move is part of Kalshi’s expansion beyond prediction markets and crypto into traditional assets, including metals, equities, currencies and interest rates.
09:26
New York Fed President John Williams stated on Wednesday that inflation is slowly declining and current interest rate levels are in a "good place," emphasizing the need to accumulate more data before making further decisions. He explicitly supported the Federal Open Market Committee's (FOMC) decision in July to maintain interest rates, believing that current rate levels help balance the dual goals of employment and price stability. Williams also pointed out that tariffs and energy price increases due to the Middle East situation remain the primary drivers of inflation, with some service sector inflation still evident. He reiterated the policy objective of reducing inflation to 2% in the foreseeable future.

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