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9/3
11:04
Motley Fool analysis points out that while NuScale Power is the only company in the U.S. cleared by regulators to construct a small modular reactor (SMR) system and stands to benefit from AI's rising energy demand, it has repeatedly faced customer delays and cancellations, including its biggest deal collapsing in 2023 due to surging costs. The company's CFO expects a power purchase agreement for its 6-gigawatt U.S. project by the end of 2026, which is crucial as NuScale remains unprofitable, and further delays could lead to additional shareholder dilution.
11:04
All 65 economists surveyed by Reuters from August 31 to September 3 expect the European Central Bank (ECB) to raise its deposit rate by 25 basis points to 2.50% on September 10. Economists generally believe that the ECB will pause after this rate hike, potentially signaling a peak in the current tightening cycle. Additionally, the survey raised the full-year inflation forecast for 2026 to 2.9%.
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.

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