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9/3
09:33
US Retirees With Average $2,081 Social Security Check Need Just $12,514 in Other Income Before IRS Starts Taxing Benefits, Threshold Unchanged Since 1984
The taxation threshold for Social Security benefits, set at $25,000 for single filers since 1984, means an average retiree receiving $2,081 monthly benefits only needs an additional $12,514 in outside income to trigger federal taxes on their Social Security. This threshold, along with the second tier threshold of $34,000 (set in 1993) where up to 85% of benefits become taxable, has never been adjusted for inflation. This policy increasingly impacts ordinary retirees as benefits and prices rise, with even federally tax-exempt municipal bond interest counting towards the provisional income calculation that determines taxability.
09:32
Nvidia-backed Nscale Touts $103 Billion in Contracts Ahead of Potential IPO, Including $45 Billion Deal with Anthropic
09:31
Robinhood rose 8.56% today, currently trading at $116.145.
09:30
The odds of the Federal Reserve maintaining interest rates in September have risen to 56%, following a slight increase in jobless claims beyond expectations and Christopher Waller's statement supporting a hold on rates.
09:30
Broadcom is down 4.23% today, currently trading at $351.72.
09:23
NetApp (NTAP) stock fell sharply Thursday despite reporting fiscal first-quarter results ahead of estimates
The enterprise data storage company reported adjusted earnings of $2.58 per share from sales of $2 billion. Some analysts flagged concerns about growing component costs chipping away at NetApp's margins, following a more than 70% rally in the stock since April.
09:23
Al Jazeera opinion piece argues Tunisia's President Saied's economic experiment has failed, deepening crisis with public debt nearing 85% of GDP and 15% unemployment
An opinion piece published by Al Jazeera, authored by Tunisia's former Prime Minister (2020-2021), asserts that President Kais Saied's promised path to self-reliance has exacerbated the country's economic crisis. The piece highlights World Bank data showing economic growth at 0.2% in 2023, 1.6% in 2024, and an estimated 2.5% in 2025, which is insufficient to absorb the approximately 15% unemployment rate. Public debt has surged from about 67.8% of GDP in 2019 to nearly 85% in 2024. The Central Bank directly lent the Treasury about seven billion dinars in February 2024, as the state increasingly relies on domestic financing. The country is currently facing persistent electricity and water cuts, a collapsed health system, and severely diminished purchasing power.
09:22
Verizon (VZ) 5.6% dividend yield, one of the biggest in the S&P 500, is deemed "ironclad" by its CFO and rated "B" by analysts, who consider it safe.
09:21
The Motley Fool analysis: Nvidia is the better long-term AI infrastructure stock over AMD, citing stronger growth and lower valuation
The Motley Fool analysis suggests that while both Nvidia and AMD are strong players in the booming AI data center infrastructure market, Nvidia is the superior long-term investment. The analysis highlights Nvidia's second-quarter sales more than doubling to $96.2 billion, with Q3 revenue guidance of $108 billion, and its dominant 86% market share in AI data GPU. Despite AMD's data center revenue doubling to $6.7 billion in the most recent quarter and strong CPU market prospects, its trailing P/E ratio of 121 is significantly higher than Nvidia's 29, making Nvidia a cheaper option.
09:21
Schwab Raises Minimum Assets for Tax-Aware Long-Short Accounts to $10M, Halts New Portfolio Margin Accounts
Charles Schwab Corp. is imposing stricter limits on tax-aware long-short accounts, raising the minimum asset requirement for some separately managed accounts from $1 million to $10 million. Additionally, the firm will no longer enroll new clients or accept new funds into portfolio margin accounts, which utilize greater leverage. These changes, set to take effect on September 16, mark at least the third time Schwab has tightened restrictions on these accounts, following similar moves by rival Fidelity Investments amid concerns over the rapid growth of such complex, tax-optimizing strategies.
09:18
FBI, in conjunction with Indian authorities, has dismantled three Indian call centers impersonating the Social Security Administration, which allegedly defrauded American citizens of nearly $48.8 million.
In a joint operation, the FBI, local police, and Indian authorities dismantled three scam call centers in India. These centers had been impersonating U.S. Social Security Administration (SSA) employees since 2022, defrauding American citizens of a total of $48,778,230, with approximately 660 victims. In Maryland alone, nearly 24 victims lost $6,257,869, averaging about $260,000 per person.
09:17
Major Drilling Group International Reports Record Q1 Fiscal 2027 Revenue of CAD 277.3M, Net Earnings Up 44%
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 (PSNY) Q2 revenue fell 8% to $727 million, with net loss narrowing to $459 million; H1 revenue down 4% to $1.36 billion, operating loss narrowed 43% to $629 million.
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 (PSNY) lowers full-year volume outlook to low-to-mid single-digit growth and won't appeal US ban on 2027 model year vehicle sales, expecting $130 million in restructuring costs.
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
Hello Group (Momo) reported a 5% year-over-year decrease in Q2 revenue to RMB 2.49 billion, with non-GAAP net profit turning profitable at RMB 273.9 million. The company lowered its full-year revenue outlook.
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 rises to $77,892.97 and Ethereum to $2,402.09 on Thursday morning, despite rising oil prices
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
Former Apollo CEO Leon Black sues House Oversight Committee over Epstein probe subpoenas, refuses to appear Thursday
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
Kraken Desktop now includes native fair value gap (FVG) detection
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
Weekly average load in ERCOT continues near record high
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
Former Apple CEO Tim Cook warned before stepping down that AI data center demand is triggering a "once-in-a-century" memory chip pricing crisis, a concern echoed by Musk.
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 suggests Rivian is a better EV investment choice than Lucid, outperforming it in gross margin and unit economics.
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 sank to a six-month low in August, due to lower export prices
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.
09:04
VARA and Securitize Sign MoU to Foster Tokenization Innovation and Explore Regulatory Frameworks in Dubai
09:03
USD/CHF is down 0.73% today, currently trading at 0.8064.
09:01
Berkshire Hathaway increased its stakes in Macy's and Delta Air Lines in the second quarter, and initiated new positions in D.R. Horton and increased holdings in Lennar, among four other stocks.
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
Gold Miners ETF (GDX) Outperformed Gold ETF (GLD) by Over Double in One Year (50.7% vs 23.7%)
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.
08:57
FED'S WALLER SAYS MORTGAGE RATES, AUTO LOAN RATES ARE NOT LOW AND 'LOOSE FINANCIAL CONDITIONS' IS REALLY A REFLECTION OF STOCK PRICES
08:56
US stock futures post modest gains as traders digest Fed Governor Waller's comments and earnings, while chip stocks fall after Broadcom's results
08:55
Yahoo Finance Analysis: Oracle's FY2026 Revenue Growth at 17%, Cloud Business Up 39%, Analysts Project Stock to Outperform Over Next Five Years
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 reposted a tweet stating that Syria is positioning itself as an alternative to the Strait of Hormuz.
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.

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