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9/3
11:02
The reclassification, recently announced by S&P Dow Jones Indices, means Polish stocks will be moved to indexes seen as less risky for investors. The reconstitution of its indexes, which will cause changes within index funds, is scheduled for September 2027.
11:01
Accrual has agreed to acquire Puzzle's accounting firm business and technology assets, including its AI-native general ledger and month-end close software. Financial details were not disclosed. Puzzle, founded by Sasha Orloff, has a customer base of over 7,000 start-ups, small enterprises, and accounting practices. Orloff and members of the Puzzle team will join Accrual. This deal enables Accrual to expand beyond tax preparation into client accounting services (CAS), aligning with its goal to offer a unified platform for tax, audit, advisory, and client accounting work. The transaction is expected to complete in the coming weeks.
11:00
Insider Monkey's analysis, based on its database of over 900 hedge funds, shows that billionaire-led funds aggressively bought AI and data center stocks in the second quarter, with Vertiv Holdings (VRT) and Equinix (EQIX) standing out. As of the end of Q2, 32 billionaire funds held shares in Vertiv Holdings, up from 28 in Q1; 27 funds held shares in Equinix, up from 26 in Q1. Among them, Cliff Asness's AQR Capital Management held the largest position in Vertiv Holdings, valued at approximately $858.2 million.
10:53
Ireland's Prime Minister (Taoiseach) Micheal Martin stated that progress on the European Union’s long-awaited savings and investment union will be possible by the end of the year.
10:49
Andvari Associates points out that despite the hype in the AI sector and the risk of valuations decoupling from future cash flows, hyperscalers like Amazon and Microsoft have diverse revenue and profit streams, which helps hedge against the risk of AI investments potentially declining within 1-3 years. As of September 2, Amazon's stock closed at $254.98, with a market capitalization of $2.75 trillion.
10:48
Yahoo Finance, citing 24/7 Wall St. analysis, reported that DraftKings (Nasdaq: DKNG) stock price has fallen 51% over the past year to $24.42. Although the bull case target price could reach $47.61, the firm has issued a "Hold" rating with a 12-month target price of $22.56, implying a 7.69% downside. DraftKings' second-quarter revenue was $1.44 billion, missing expectations by 4.48%, and adjusted earnings per share were $0.09, also below the consensus estimate of $0.1917. Management maintained its fiscal year 2026 revenue guidance of $6.5 billion to $6.9 billion and adjusted EBITDA guidance of $700 million to $900 million.
10:45
Musk reposted a tweet from NVIDIA CEO Jensen Huang, who stated that NVIDIA would be an "excellent home" for Hugging Face and its open-model community. Huang added that open models enhance safety and cybersecurity, accelerate innovation and dissemination, and enable sovereignty, allowing every developer, startup, university, industry, and country to build, customize, and benefit from AI.
10:43
Bitget Managing Director Gracy Chen highlighted BlackRock as an example of firms seeking to expand the distribution of their tokenized ETFs in the region.
10:42
TSMC Senior Vice President and Co-Chief Operating Officer Cliff Hou revealed that the company's equipment demand has surged from baseline levels to 1.9 times between late last year and July this year, an increase of approximately 90%. To address this unprecedented demand, TSMC is simultaneously constructing about 20 fabs, far exceeding previous periods, yet still insufficient to meet the pressure from the explosive growth in AI hashrate. Unimicron Chairman S.J. Gan also pointed out that AI demand is propagating to segments such as substrates, further exacerbating supply-demand imbalances across the semiconductor supply chain, extending to advanced packaging, substrate materials, and mature nodes.
10:39
Teekay Tankers (TNK) and DHT Holdings (DHT) have seen their shares climb 74% and 86% year-to-date respectively, with both companies' fleets deliberately avoiding the Strait of Hormuz. This comes as Suezmax tanker rates hit a record $109,200 per day. The White House claims 17 million barrels of oil flow through Hormuz daily, while independent trackers like Kpler and TankerTrackers.com report only 4.9 million barrels, a significant discrepancy that remains unverified. CEOs of both TNK and DHT admit they have no idea when normal operations in the Strait will resume, citing renewed hostilities in July that led to the collapse of a US-Iran framework agreement and a sharp slowdown in movement through the vital waterway.
10:33
Investment management firm Andvari Associates stated in its Q2 2026 investor letter that Texas Instruments, a semiconductor manufacturer, is likely receiving a temporary boost in profits and revenues from its role in building AI infrastructure. However, the firm emphasized that AI and data center-related revenues do not constitute the majority of Texas Instruments' overall revenue. As of September 2, Texas Instruments closed at $254.80 per share, having fallen 8.48% over the past month but gained 36.05% over the past 52 weeks. The company's market capitalization stands at $232.7 billion, and 111 hedge funds held TXN at the end of Q2, up from 71 in the prior quarter.
10:33
Investment management firm Andvari Associates stated in its Q2 2026 investor letter that Martin Marietta Materials, Inc. (NYSE:MLM), one of the largest aggregates companies in the U.S., is a minor beneficiary of the AI theme due to robust construction activity in data centers and power generation. The firm noted that AI and data center-related revenues are not the majority for MLM. Martin Marietta Materials closed at $517.07 per share on September 2, 2026, with a market capitalization of $36.72 billion.
10:32
Investment management firm Andvari Associates stated in its Q2 2026 investor letter that while Microsoft has exposure to AI, it generates revenues and profits from various other sources, including ubiquitous software sales, gaming, LinkedIn, and its Azure cloud computing platform. The firm also expressed concerns about extreme hype in the AI sector, leading to a growing disconnect between valuations and future cash flows, and has minimized its exposure to this area.
10:30
A shootout occurred in Kyiv on Wednesday morning between Ukraine's Main Directorate of Intelligence (HUR) and the Security Service of Ukraine (SBU), resulting in at least three intelligence officers injured. The incident stemmed from the SBU's detention of Stepan Kaplunov, deputy commander of the Russian Volunteer Corps (RVC), which fights for Ukraine and is affiliated with the HUR. The SBU stated its action was aimed at preventing "terrorist acts" by Russia's Federal Security Service (FSB), but the HUR accused the SBU of kidnapping and initiating fire. Ukrainian President Volodymyr Zelenskyy called the incident an "absolute disgrace," demanding accountability and an internal investigation. Subsequently, he dismissed Oleh Hramov, head of the SBU's Department for Protection of State Secrets.
10:29
Australia's Lindian Resources has reached an agreement with France's Carester to develop an 8,000-tonnes-per-annum rare earth oxide (REO) separation facility in Stepnogorsk, Kazakhstan, and has signed a ten-year offtake agreement for heavy rare earth products. The agreement also includes technology and engineering services, with both parties advancing a Definitive Feasibility Study (DFS) expected to be completed by the end of 2026. Under the offtake terms, Carester can purchase at least 70% of the annual production of separated heavy rare earth compounds (SEGH). The plant is expected to produce separated rare earth oxides, including neodymium and praseodymium, with products primarily destined for Carester's Caremag refinery in France.

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