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9/3
09:17
Major Drilling Group International (TSE:MDI) announced record first-quarter performance for fiscal 2027, with revenue increasing 22% year over year to CAD 277.3 million and net earnings rising nearly 44% to CAD 14.5 million. Growth was broad-based across all regions, led by a more than 31% increase in Canada and the U.S. The company's adjusted gross margin improved sequentially to 24%, though management expects margins to improve more slowly than revenue due to ongoing training, labor, and ramp-up costs. Demand remains strong, with further rig deployment expected at higher prices, but the availability of experienced drillers is identified as a primary industry constraint.
09:17
Polestar Automotive Holding UK (PSNY) reported second-quarter retail sales of nearly 17,300 vehicles, down 4% year-over-year, with revenue declining 8% to $727 million. The company's Q2 net loss narrowed to $459 million from $1.03 billion a year earlier. For the first half of 2026, revenue fell 4% to $1.36 billion, while operating loss narrowed 43% to $629 million and net loss narrowed 29% to $842 million.
09:17
Polestar Automotive Holding UK (PSNY) reported record retail sales of 30,423 vehicles in the first half of 2026, but lowered its full-year volume outlook to low-to-mid single-digit growth, citing pricing pressure and intensifying EV competition. The company also announced it will not appeal the U.S. decision barring its model-year 2027 vehicle sales and expects about $130 million in restructuring-related adjustments.
09:17
The company's Q2 revenue was RMB 2.49 billion, a 5% year-over-year decrease, but non-GAAP net profit turned from a loss of RMB 96 million in the same period last year to a profit of RMB 273.9 million. Domestic business revenue fell by 17%, mainly due to tax audits and reduced spending by high-value live streaming users; overseas business revenue, however, grew by 52% to RMB 673 million, accounting for 27% of total revenue, benefiting from new products in the Middle East and North Africa. Hello Group has lowered its full-year revenue guidance, expecting a mid-single-digit decline and potentially missing its RMB 3 billion overseas revenue target.
09:16
Bitcoin opened at $77,310.77 (down 0.1% from Wednesday's open) and Ethereum at $2,391.30 (down 1.1% from Wednesday's open, marking its lowest in about two weeks). Both cryptocurrencies moved higher by 7:19 a.m. ET, driven by hopes that U.S. airstrikes against Iranian targets will be short-lived and that the recent surge in Brent crude oil prices (now over $96 a barrel) will quickly fade.
09:14
Black's attorneys argue the subpoenas for nondisclosure agreements (NDAs) are invalid as they exceed the committee's authority and have no legitimate connection to its legislative purpose, adding that the NDAs have nothing to do with his dealings with Jeffrey Epstein. A top Democrat on the panel has called for Black to be held in contempt for defying two Congressional subpoenas.
09:09
The new feature, available from the Analysis sidebar, identifies imbalances on any candle chart without requiring third-party scripts. It includes built-in filtering to remove low-quality gaps, scores each zone (Low, Medium, or High) based on five objective checks, and offers opt-in price-return alerts. Inverse FVG (IFVG) detection and approximately 20 customization settings are also included.
09:08
The Electric Reliability Council of Texas (ERCOT), the regional transmission organization for most of the state, reports that sustained high temperatures have contributed to persistently high electricity demand, keeping its weekly average load near record levels.
09:06
Tim Cook stepped down as Apple CEO on September 1st. He stated that Apple had done its best to protect customers from rising costs, but the pressure had become "unsustainable," and price increases were "inevitable." He noted that consumer prices for computer software and accessories had risen by approximately 15% year-over-year. Musk publicly agreed with Cook, calling it the "biggest price increase" he had ever seen, and shared a Wall Street Journal article suggesting that AI data center construction was triggering a "third wave of inflation." Apple has raised prices on several Mac and iPad models, and other device manufacturers such as Microsoft, HP, Dell, and Nintendo have also increased their prices.
09:05
The Motley Fool's analysis indicates that Rivian (RIVN) consistently outperforms Lucid (LCID) in the electric vehicle industry regarding gross margins and unit economics, making it a more attractive investment. The analysis suggests Rivian's advantages stem from its larger scale, ongoing per-vehicle cost reductions, and significant revenue contributions from software and services through its joint venture with Volkswagen.
09:04
Russia's oil revenue slumped to a six-month low in August, reflecting lower export prices and compounding pressure on the Kremlin’s ability to finance its war in Ukraine.
09:01
Berkshire Hathaway doubled its stake in Macy's and increased its Delta Air Lines holdings by 44% in the second quarter. It also initiated a position in homebuilder D.R. Horton and significantly increased its stake in another homebuilder, Lennar. These investments are seen as contrarian bets, signaling confidence in the airline, retail, and housing markets. Additionally, Berkshire repurchased $4.5 billion of its own stock during the same period.
09:00
VanEck Gold Miners ETF (GDX) returned 50.7% over the past year, significantly outperforming SPDR Gold Trust (GLD)'s 23.7% return. This trend extends to five-year returns, with GDX up 200.4% compared to GLD's 138.0%, primarily due to miners' operating leverage. However, miners also face additional risks such as geopolitical issues, labor disputes, and cost inflation, while GLD is subject to a 28% collectible tax rate.
08:55
Yahoo Finance analysis indicates that Oracle's revenue grew by 17% year-over-year in fiscal year 2026 (ending May 31), with cloud business revenue increasing by 39%, surpassing software business to become the largest source of income. During the same period, the company's backlog orders rose from $455 billion in September last year to $638 billion, and its book value more than doubled from less than $21 billion a year ago to $43.1 billion. Although total debt increased to $129.5 billion and the stock price has fallen by approximately 57% from its peak a year ago, analysts believe that if Oracle can continue to generate significant returns from its AI investments, its cloud stock is expected to outperform the broader market within the next five years.
08:54
Donald Trump retweeted a post on Truth Social stating that Syria is positioning itself as an alternative to the Strait of Hormuz, aiming to become a hub in the Middle East that offers an option to bypass the Strait of Hormuz.
08:47
Outgoing CEO Lawson Whiting stated that the company's US business is seeing a "slow" improvement. Following the publication of its first-quarter results yesterday (September 3), the Jack Daniel's maker reaffirmed its full-year outlook, which includes a forecast for a 3-5% decline in organic operating income. However, CFO Jim Peters expressed "increased confidence that results will trend toward the more favourable end of the range" based on the Q1 figures and current business trends. For the three months ended July 31, Brown-Forman's total net sales were down 1% at $911 million, with US net sales declining 3% on a reported basis (flat organically). Net income for the quarter was up 3% to $176 million.
08:45
Visa has launched an upgraded version of its A2A Protect solution, designed to help financial institutions identify account-to-account (A2A) fraud before customer funds are transferred. This update includes a new unified fraud score, marking the first product to market integrating Featurespace's technology since Visa's acquisition of the company. The unified score aims to provide banks with clearer and faster signals for identifying fraudulent transactions, while also reducing false positives. Additionally, Visa is developing a standalone capability called Visa Graph IQ, which leverages graph technology to support deeper fraud investigations, helping institutions map fraud networks, uncover money laundering activities, and accelerate investigations.
08:45
NVIDIA has confirmed its acquisition of AI model platform Hugging Face for $12.9 billion. Hugging Face boasts over 3 million models and 18 million developers. NVIDIA CEO Jensen Huang stated that Hugging Face will continue to support open-source and open-weight models, and is committed to expanding developer access without mandating the use of NVIDIA's computing platform.
08:44
AI server leader Super Micro Computer saw its stock price surge by 31.3% in August, primarily driven by strong fourth-quarter fiscal results, significantly improved gross margins, and an internal investigation that allayed corporate governance concerns. The company reported adjusted earnings per share of $1.70, far exceeding analysts' expectations of $0.74. Gross margins dramatically increased to 17.5% from 9.5% in the same period last year, surpassing traditional target ranges from before the AI revolution. Furthermore, the company disclosed that an investigation into the illegal transshipment of some servers to China found senior management unaware and not responsible, attributing compliance issues to a few employees. At the end of the month, Cisco announced it would adopt Super Micro Computer's liquid-cooled and air-cooled servers in its Secure AI Factory product, further boosting market confidence.
08:42
Blackstone's BCRED fund has again restricted redemptions after investors sought to withdraw 10% of their shares. This move provides an early indication of ongoing quarterly redemption pressure in the future $1.8 trillion private credit market.
08:42
The fund aims to channel private capital into backing innovative, early-stage entities and projects with long-term prospects in hard tech. The launch of the fund's second phase was confirmed as the Ministry of Industry and Information Technology (MIIT), along with nine other ministries and agencies, released China's 15th five-year plan for promoting the development of small and medium enterprises (SMEs).
08:41
Barclays strategist Venu Krishna noted on Thursday that while nearly half of all companies discussed AI on recent earnings calls, only 12% were willing to quantify AI-related value capture. Among those, tech, financials, and healthcare companies were over-indexed at 68% of the total. Meta's AI tools delivered an 8.3% increase in Facebook ad clicks and a 15.7% uplift in conversions, while Chewy targets $50 million in cost savings by fiscal year 2027 through AI.

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