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9/3
13:35
U.S. Treasury Secretary Scott Bessent lauded Chevron's plan to invest over $7 billion with Venezuelan joint-venture partners to double local oil production to 600,000 barrels per day (BPD) within five years, stating it "is going to push down oil prices, push up production." The announcement on September 2 follows an August 31 agreement between Venezuelan interim authorities and North American Blue Energy Partners (NABEP), part of the Trump administration's broader effort to open Venezuela to foreign investment. However, analysts caution that any relief at the pump is likely to be long-term due to infrastructure limitations and political uncertainties, with Venezuela's National Assembly yet to approve the deal.
13:34
On September 1st's "Mad Money" show, Jim Cramer stated that CrowdStrike is a "heavyweight" in cybersecurity, noting that the company is focusing on "AI security everywhere" at its Fal.Con conference in Las Vegas. He emphasized that the rise of AI makes cybersecurity more critical than ever, as hackers can now utilize powerful AI agents.

CrowdStrike's revenue for Q2 FY2027 increased by 26% year-over-year to $1.47 billion, with Annual Recurring Revenue (ARR) growing by 25% to $5.84 billion. Net new ARR reached a record $332.8 million, up 51% year-over-year, prompting management to raise its mid-point guidance for FY2027 net new ARR growth to 34%.

In an investor briefing on September 2nd, the company raised its long-term outlook, accelerating its $10 billion ARR target by one year to be achieved within FY2030, and its $20 billion target also by one year to be achieved within FY2035. CrowdStrike stated that it has currently achieved approximately 30% of its $20 billion target.
13:33
Amber International Holding Ltd (AMBR) announced its Q2 2026 financial results, with revenue increasing by 39% quarter-over-quarter, primarily driven by AI agent-related income. Gross margin expanded to 79.5%. The company announced a strategic transformation from a digital wealth management firm to a technology company focused on building specialized AI agents for high-risk use cases, and has withdrawn its previous financial guidance. The company achieved profitability in Q2, with operating expenses of approximately $10 million. Additionally, Michael Wu has resigned from Amber Group to focus on AMBR's AI agent strategy. The company's $50 million share repurchase program is ongoing, with approximately $44.2 million remaining authorized as of June 30.
13:33
The company also reduced clearance inventory by 43% and total inventory by 15.5% year-over-year, while achieving five consecutive quarters of net income margin and free cash flow gains. Duluth Holdings anticipates Q3 sales will be tempered by lapping prior year's high-volume, low-margin clearance events, projecting sales performance between -2% and +2% for the second half of the fiscal year.
13:33
Brady Corporation's Q4 2026 earnings call summary highlighted an 8.4% organic growth in its core business, with full-year fiscal 2026 organic sales growth at 1.2%. The company is repositioning as an industrial technology firm following the acquisition of Honeywell's PSS business, which secures the number 2 market position in the Automatic Identification and Data Capture (AIDC) sector, expanding the addressable market to $14 billion. Adjusted gross profit margin expanded by 110 basis points. For fiscal 2027, the company expects approximately $1.15 billion in revenue from the acquired IPS segment and projects $0.80 of EPS accretion from the acquisition in the first year. Asia performance was notably strong with 20.3% organic growth. The company aims to reduce net leverage to below 2 times within two years post-acquisition.
13:21
The integration lets Bybit users spend digital assets directly from their exchange balances across Mesh-powered platforms.
13:16
The UK political party and its leader, Nigel Farage, have accepted contributions from figures tied to the crypto industry, raising questions about potential influence on policies.
13:12
At midday Eastern Time on September 3, the Nasdaq Composite Index rose 1.35% to 26,572 points, the Dow Jones Industrial Average rose 1.20% to 53,699 points, and the S&P 500 Index rose 1.01% to 7,744 points. Meanwhile, the 10-year US Treasury yield fell 5 basis points to 4.75%, and gold rose 2.34% to $4,489.99.

Federal Reserve Governor Waller stated that he prefers to keep interest rates unchanged unless there is a significant surprise in inflation. His stance appears to contrast with Federal Reserve Chairman Warsh's emphasis on reducing persistent inflation, which eased some pressure on US Treasuries. In terms of individual stocks, NVIDIA rose on news of its acquisition of AI platform Hugging Face, Snowflake surged over 20% after reporting better-than-expected earnings, while Broadcom's stock fell despite exceeding earnings expectations.
13:06
Katherine Bordlemay, co-head of client portfolio management at Goldman Sachs Asset Management, anticipates a continued "ping-pong of volatility" in US stocks, even as major indexes gradually climb. She attributes equities' resilience against rising US Treasury yields to stronger corporate earnings.
13:06
U.S. officials have expressed dissatisfaction with the German government through multiple channels, Bloomberg reported on September 3, citing sources. Reasons include Bundesbank President Nagel's public criticism of uncoordinated U.S. forex operations involving euro sales to support the yen, and German Finance Minister Klingbeil's tough stance on Russia against the U.S. The report added that U.S. Treasury Secretary Scott Bessent was also displeased with Klingbeil's refusal to be photographed with the Russian Finance Minister and their confrontation at the meeting. Furthermore, Germany criticized the U.S. Treasury Department's restrictions on journalists attending G20 meetings.
13:05
Microsoft's Xbox division announced on Thursday that it will implement monthly cloud gaming time limits for Game Pass subscribers starting in November, aiming to balance usage with costs. Game Pass Ultimate subscribers will receive 15 hours of cloud gaming per month, Premium subscribers 10 hours, and Essential subscribers 5 hours. Additional hours can be purchased, though specific fees have not yet been disclosed. Xbox stated that this move is due to the increasing costs of cloud gaming services as user engagement grows, and the company needs to continue investing in service reliability and performance. Asha Sharma, the new CEO of Xbox, is evaluating business model adjustments to improve profitability, following a test of ad-supported game streaming in July. Microsoft indicated that only 4% of Game Pass users exceed these monthly cloud gaming limits.
13:04
The initiative aims to reduce costs and workloads for subcontractors in the aircraft assembly supply chain by streamlining transport. Nippon Express will provide support for the nationwide expansion of this 'milk run' system.
13:02
Bank of America's proprietary "Bull & Bear Indicator" has been in "sell signal" territory since May 2026, with weekly readings in July between 9.5 and 9.6 (out of 10), the highest level since 2021, reflecting extreme positioning by hedge funds, fund managers, and equity flows. Additionally, the August Global Fund Manager Survey showed cash reserves falling to 3.5% of total assets, down from 3.6% in July, marking the sixth-lowest level since 1998. This violates Bank of America's 4.0% cash rule, indicating that institutions are fully deployed. Michael Hartnett, the bank's Chief Investment Strategist, noted that extreme bullish positioning suggests reducing risk exposure. Historically, after the indicator issued 17 sell signals, the MSCI World Index declined by an average of 2% to 3% within two to three months.
13:01
Federal Reserve Governor Waller stated in an interview on Thursday that he would be inclined to support maintaining the benchmark interest rate at its current level if upcoming inflation data continues to show improvement. Following these remarks, Bitcoin's price surged nearly 3%, breaking past $80,000 to approximately $80,270, and total crypto market short liquidations exceeded $415 million in the past 24 hours. The CME FedWatch Tool indicates that the probability of a Fed rate hike in September has decreased from 63.2% the previous day to 50.4%. Concurrently, the 10-year U.S. Treasury yield fell to about 4.73%, and all three major U.S. stock indices also rose by nearly 1%.
13:01
As AI data centers drive a surge in electricity demand, Yahoo Finance analysis points out that NextEra Energy plans to invest $94 billion to expand renewable energy and utilities, and is acquiring Dominion Energy. Constellation Energy, as the largest nuclear power operator in the US, is collaborating with hyperscale companies like Meta and Microsoft. The analysis suggests that NextEra offers stability, while Constellation, despite its stock price falling over 20% this year, has higher growth potential. The investment choice depends on risk appetite.
12:59
U.S. mortgage rates have reached 7% for some homebuyers, climbing to a new high for the year, which mortgage experts say is another piece of bad news for prospective buyers.
12:56
The Alliance for Automotive Innovation, representing most car sales companies in the United States, stated in a letter to congressional leaders on Thursday that Chinese automakers are globally dumping subsidized vehicles equipped with connected software and hardware. Although this has not yet occurred within the United States, given the scale and urgency of the threat, the Alliance called on Congress to pass a permanent ban on Chinese vehicles, software, and hardware into law before the current session concludes on January 3.
12:56
The analysis by 24/7 Wall St. projects Palantir's stock to reach $219.66 over the next 12 months, representing a 30.8% upside from the current $168.02. This follows Palantir's Q2 FY2026 revenue jumping 92.83% year-over-year to $1.94 billion, with EPS of $0.41 beating consensus by 46.43%. Management also raised its full-year guidance to $8.150-$8.158 billion, calling it their "largest-ever full-year revenue guidance raise." The report discusses whether hyper-growth in U.S. commercial AI can justify Palantir's valuation, noting its unique ability to compound growth and margin simultaneously at scale. Palantir shares surged 46.21% last month and 4.16% over the past week, though today's session opened with a 6.62% pullback.
12:55
Ciena (CIEN) reported adjusted earnings per share of $2.11 and revenue of $1.67 billion for the third fiscal quarter, both exceeding analyst expectations. However, its revenue guidance for the fourth fiscal quarter was $1.75 billion (plus or minus $50 million), with the midpoint only matching the analyst consensus of $1.7 billion, failing to surpass expectations. Consequently, Ciena's stock price fell 10% to close at $320.38. Meanwhile, Arista Networks (ANET) shares rose 3% to $191.65, and Cisco Systems (CSCO) shares remained largely flat, indicating that Ciena's decline was company-specific rather than an industry-wide issue.

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