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9/3
12:51
Jim Cramer warned on Thursday that Broadcom's AI business, particularly its ambitious fiscal 2028 AI revenue target of $230 billion, is heavily reliant on Anthropic, an AI company that is not publicly traded. Broadcom expects its AI semiconductor revenue to reach approximately $115 billion in fiscal 2027 and then double to $230 billion in fiscal 2028, with Anthropic projected to become its largest XPU customer. Cramer emphasized that investing in Broadcom today is effectively a bet on an Anthropic IPO, which has not yet been filed. Following these comments, Broadcom's stock fell 4% on Thursday, while NVIDIA, with its more diversified customer base, rose 2%.
12:35
Strive CEO Matt Cole stated on a podcast that the company could potentially end 2026 as the world's second-largest public Bitcoin holder. The company added 3,156 BTC to its balance sheet in August, bringing its total holdings to 23,156 BTC. Strive (ASST) shares climbed to a year-to-date high of $26.84 on Thursday, placing the stock less than 1% below the warrants’ $27 exercise price, which could provide hundreds of millions of dollars for further Bitcoin purchases if converted.
12:35
Warsh, the current Chairman of the Federal Reserve, publicly criticized his predecessor, Jerome Powell, stating that inflation exceeded the target for 65 consecutive months during Powell's tenure, a situation that continues to this day. The article points out that during Powell's term, core PCE reached 3.34% in July 2026, significantly surpassing the Federal Reserve's 2% target. Concurrently, the U.S. 10-year government bond yield rose to 4.79% on September 1st, marking a new high for the past year and reflecting market concerns about inflation and the Federal Reserve's credibility. Some analysts believe that history punishes inflation failures far more severely than unemployment, suggesting that Powell's inflation legacy might resemble that of Burns in the 1970s.
12:35
Merck's shares have climbed 84% over the last twelve months, significantly outpacing the S&P 500's 19.1% gain and making it a top performer among peers. However, its operational metrics, including a 4.6% revenue growth and a 10.5% operating margin, rank near the bottom of its competitive group. Analysts suggest the market's enthusiasm is driven by the promise of Merck's future pipeline, which management projects could generate over $70 billion in commercial opportunity from more than 20 new products, including recent FDA approval for LIPFENDRA and positive Phase III results for other therapies. The debate centers on the execution risk of this pipeline as the company navigates the eventual patent expiration of its blockbuster drug Keytruda.
12:34
The move strengthens American Resources' position within the rapidly evolving critical minerals sector and underscores its commitment to building secure domestic supply chains. As the Institute's first Platinum member, the company will play a prominent role in helping shape industry discussions and initiatives focused on securing reliable supplies of strategic minerals essential to modern technologies, energy transition infrastructure, and national security.
12:32
Houthi fighters engaged in fierce clashes with Yemeni government forces west of Taiz province on Thursday, attempting to cut the road linking Taiz to al-Makha to sever the government's strategic supply route. More than 18 Houthi fighters and 13 government forces were reportedly killed in the fighting. The Iran-backed Houthis are launching a broad offensive along front lines on the western Red Sea coast, aiming to gain a foothold in the key maritime route.
12:24
Yahoo Finance analysis indicates that pharmaceutical giant AbbVie has returned $62 billion to shareholders through dividends and share buybacks over the past five years, representing 13.4% of its current market capitalization. During the same period, AbbVie's total return reached 161%, nearly double that of the S&P 500 index. Its strong cash flow is primarily driven by its immunology product portfolio, with SKYRIZI projected to achieve $21.7 billion in full-year global revenue.
12:24
The U.S. trade deficit in goods and services expanded by 24.4% in July from the previous month to $88.6 billion, the highest level since early 2025, data from the Commerce Department showed on Thursday. Imports rose by 2.8% to $399.3 billion, while exports fell by 2.1% to $310.7 billion. The increase in imports was mainly concentrated in capital goods, with a notable rise in products related to AI infrastructure construction, such as computers, computer accessories, and semiconductors. This indicates that U.S. companies' continued scaling up of AI investments is driving demand for overseas technology hardware. The widening trade deficit is expected to put pressure on U.S. economic growth in the third quarter.
12:19
Canadian Prime Minister Mark Carney on Thursday refuted U.S. Commerce Secretary Howard Lutnick's claims that Ottawa tanked trade talks for political purposes, stating Canada is ready to resume negotiations "when the Americans are ready." President Donald Trump later Thursday morning responded on Truth Social, criticizing Carney and suggesting Canada's economy would collapse. This comes as Canada prepares to implement "dollar for dollar" retaliatory tariffs on U.S. goods next week, following Trump's 50% tariffs on Canadian imports.
12:18
Bloomberg data shows that as of June 30 this year, the currency hedging ratio of major global institutional investors for dollar-denominated assets has fallen to approximately 41%, the lowest since records began in 2015. Analysts believe that as dollar hedging costs decrease and the dollar's safe-haven status is challenged, institutions may increase their hedging ratios again, potentially triggering a large-scale sell-off of the dollar.
12:14
In its Q2 2026 investor letter, WestEnd Capital Management highlighted Robinhood Markets, Inc. (NASDAQ:HOOD) as being positioned with multiple long-term growth drivers. The investment advisor noted Robinhood is building a broader financial services ecosystem beyond its initial online brokerage platform, encompassing retirement accounts, cash management, credit products, and international operations. The firm emphasized Robinhood's strong customer relationships and ability to introduce new products through a single digital platform with low incremental distribution costs, expecting higher revenue per account and recurring revenue streams. Robinhood shares closed at $106.99 on September 2, having returned 34.83% over the past month and 18.84% over the past 52 weeks, with a market capitalization of $96.19 billion.
12:14
Broadcom expects its AI-related sales to double in fiscal years 2027 and 2028, and raised its fiscal year 2026 AI sales forecast to $58 billion. The chipmaker and infrastructure software provider issued the forecast after reporting third-quarter earnings on Wednesday, but its shares fell on Thursday.
12:13
Mel Gunewardena, Director of International Affairs at the U.S. Commodity Futures Trading Commission (CFTC), stated in a speech at George Washington University that the global derivatives market has exceeded $1.2 quadrillion, with the CFTC regulating approximately $600 trillion of that. He emphasized that during Donald Trump's presidency, the U.S. is establishing a federal framework for payment stablecoins through the GENIUS Act and advancing a broader crypto asset market framework via the CLARITY Act. CFTC Chairman Mike Selig has translated this leadership into the global derivatives market by approving the first "true" on-chain perpetual futures contract and developing rules for prediction markets. Gunewardena believes the market is moving towards a continuous, programmable, composable, and autonomous phase, where tokenization of assets, smart contracts, and AI trading systems will reshape the global financial system, yet a significant gap exists in the international regulatory agenda to address this structural transformation.
12:12
Chicago Mayor Brandon Johnson is projecting an $882 million budget deficit for 2027, even as his administration continues to seek ways to close this year’s shortfall, underscoring the financial pressures facing the third-largest US city. Rising bond payments, cost-of-living adjustments and commodity inflation are contributing to the deficit.
12:05
Diameter Pay, a stablecoin payments infrastructure startup, secured $10 million in a Series A funding round co-led by CMT Digital and Lightspeed Faction. The startup provides payment infrastructure for banks, fintechs, and digital asset exchanges, offering access to U.S. dollar virtual accounts, domestic and international payments, stablecoin on- and off-ramps, and compliance controls. Diameter Pay has processed over $10 billion in payment volume this year-to-date.
12:05
ChargePoint CEO Rick Wilmer stated that the company's stock surge of over 50% during intraday trading on Thursday was "just the beginning of the upside momentum." This followed the release of the company's fiscal second-quarter 2027 results, which significantly exceeded Wall Street expectations, along with guidance for continued improvement. Revenue for the quarter reached $116.1 million, with a loss per share of $0.35, both outperforming analysts' estimates of $105.2 million in revenue and a loss of $0.85. Wilmer noted that the company is nearing the end of a three-year business plan that has substantially boosted revenue and significantly reduced losses, with net losses falling from $125.3 million three years ago to $35.6 million in the most recent quarter. The company projects third-quarter revenue to be between $105 million and $115 million, with the midpoint representing an approximate 4% year-over-year increase.
12:01
Federal Election Commission filings reveal that Musk's America PAC has spent over $800,000 in the midterm elections to support Republican candidates. Nearly 90% of these funds went to Senate races, with the largest share, over $247,000, allocated to Texas to back Republican Attorney General Ken Paxton and oppose Democrat James Talarico. Additionally, the PAC spent approximately $170,000 in Maine to support Republican Senator Susan Collins and nearly $106,000 in Ohio to support Republican Senator Jon Husted. These expenditures occurred between August 18 and August 31, primarily for mail advertisements, and were disclosed days after Musk met with House Speaker Mike Johnson. Earlier reports indicated that Musk had authorized the PAC to spend up to $120 million to help Republicans win the midterm elections.
12:01
Musk posted on X, stating "Humans writing code as seen by future AI," seemingly humorously implying a future AI's transcendent perspective on human coding.
12:01
While US President Donald Trump claimed the US was helping some 30-40 ships cross the Hormuz Strait daily, and Treasury Secretary Scott Bessent stated at least 10 million barrels of oil were passing through, ship-tracking data suggests a different picture. Marine analytics firm Kpler recorded only 6 vessels crossing on Wednesday, with a 10-day average of 13. Lloyd's List Intelligence reported an average of 12 transits per day from August 26 to September 1. Iran maintains the strait remains under its control and warned ships attempting to transit via “illegal routes” risk being targeted. The Joint Maritime Information Center (JMIC) also advised that commercial traffic was “far below baseline” and the risk level for Hormuz was “severe” due to continued mine risks, despite US claims of clearing them.

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