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9/8
12:28
Chinese tech giants Xiaomi and Huawei launched new foldable phones this week, aiming to get ahead of Apple's rumored foldable iPhone launch on Wednesday.
Chinese tech giants Xiaomi and Huawei rolled out their latest foldable phones, the Xiaomi 18 Fold and Mate XT2 respectively, on Monday. This move comes ahead of Apple's rumored first foldable iPhone unveiling at an event on Wednesday. Analysts believe there is significant pent-up demand for a foldable iPhone, with Counterpoint Research projecting Apple could capture 25% of the global foldable market this year.
12:25
Morgan Stanley Strategists Say Yen's Recent Surge Is Unlikely to Derail Popular Carry Trades Across Emerging Markets
12:23
Google Cloud and Accenture Partner to Form Joint AI Deployment Unit, Will Train Thousands of Engineers to Accelerate Enterprise AI Adoption
Google Cloud and Accenture have partnered to form a joint unit, "Accenture Gemini Enterprise Business Group," which will deploy engineers to help businesses implement Google's AI tools and services. As part of the agreement, Google will train 1,000 Accenture engineers to build custom AI applications on the Gemini Enterprise platform. This move aims to address enterprise AI deployment bottlenecks and catch up with competitors. According to Ramp's August data, Google accounts for approximately 6% of enterprise AI spending in the US, while Anthropic and OpenAI account for 43.5% and 39.7%, respectively.
12:23
Copper prices hit a new high of $14,694/ton, as Morgan Stanley lowers its global copper mine supply forecast, potentially marking the first annual decline since 2017.
Copper prices on Tuesday (September 8) hit a new record of $14,694 per ton during trading on the London Metal Exchange (LME), closing at $14,673, up 1.5% for the day. Morgan Stanley has lowered its forecast for global copper mine supply growth to flat or even slightly negative. If this materializes, it would mark the first annual decline in global copper mine output since 2017. Chile has lowered its full-year production outlook for the second consecutive quarter, now expecting a 2.6% decrease in annual output.
12:22
Oracle (ORCL) stock jumped 3.4% on Tuesday after three analysts raised price targets ahead of its upcoming fiscal Q1 2027 earnings report.
Oppenheimer, Mizuho, and Guggenheim analysts set price targets of $275, $320, and $400 respectively for Oracle, which currently trades below $165. All three analysts expect Oracle to outperform the market over the next 12 months, citing strong software demand and an additional gigawatt of AI capacity coming online. However, they also expressed concerns about Oracle's massive capital spending to build out AI capabilities, potential debt, and stock sales for fundraising. Guggenheim expects Oracle may need to raise up to $40 billion this year, double the amount already expected, with some coming from stock sales.
12:21
German police arrest suspected power grid saboteur carrying explosives
A 48-year-old man was arrested on Tuesday near the Weisweiler power plant in western Germany, suspected of carrying out a series of sabotage attacks on the country's electricity grid. Police said the suspect was carrying explosives at the time of his detention, and further explosives were found rigged in a nearby tent. The suspect had reportedly claimed responsibility for the attacks, which involved using rockets to shoot wires across high-voltage cables, in letters to German media. Germany's Interior Minister Armin Schuster admitted the incidents could have led to a regional blackout.
12:18
SpaceX stock rises 10% above IPO price, analysts raise target to $280, but some investors warn of "absurd" valuation.
SpaceX (NASDAQ: SPCX) closed at $147.98 last Friday, approximately 10% above its IPO price of $135. Oppenheimer analyst Timothy Horan recently raised his price target from $250 to $280, primarily based on the company's ability to accelerate AI model development through its infrastructure and data amidst the AI hashrate shortage. SpaceX expects its annualized revenue to increase from $31 billion in Q2 to at least $100 billion by December, with cloud services being the largest contributor. However, Morgan Creek Capital founder Mark Yusko warned that SpaceX's valuation of over $2 trillion is "ridiculous," believing its stock price already overreflects future growth.
12:17
24/7 Wall St. analysts project NVIDIA (NVDA) stock could reach $600 by 2030
24/7 Wall St. analysts predict NVIDIA (NVDA) stock could reach $600 by 2030, driven by an anticipated surge in EPS to over $25 by fiscal year 2031, which would imply a 24x forward multiple at that price. Key catalysts include the rapid adoption of its Vera Rubin products, sustained hyperscaler capital expenditure projected at $1.3 trillion in 2027, and continued triple-digit growth in non-hyperscaler AI compute infrastructure revenue.
12:17
Brent crude oil prices are once again approaching $100 per barrel, driven by Houthi attacks and U.S. strikes on Iranian oil tankers.
Brent crude oil prices are once again nearing $100 per barrel, as escalating Middle East tensions, fueled by Houthi attacks and US strikes on Iranian oil tankers, pushed oil prices above $99 per barrel, reaching a three-month high.
12:17
DeSL, a PLM solution provider, has launched a Digital Product Passport (DPP) solution to address the growing compliance requirements in industries such as fashion and retail.
The solution, based on DeSL's PLM platform, aims to help brands create and publish DPPs directly from product, supplier, quality, and certification information managed on the platform. DPPs are currently mandatory for consumer electronics and will be required for the textile industry next year.
12:13
Israeli Academia Accused of Systemic Apartheid Against Palestinian Students in New Legal Report
A legal report published this week by Adalah, The Legal Center for Arab Minority Rights in Israel, alleges that Israeli universities employ a dual-track disciplinary system to target Palestinian students. The report, which documented over 130 inquiries from Palestinian students facing disciplinary proceedings across approximately 40 institutions since the October 2023 Gaza war, concludes that Palestinian students are subjected to an “administrative track” lacking standard procedural protections, while Jewish Israeli students receive “constitutional track” protections. The Technion-Israel Institute of Technology, one of the institutions mentioned, dismissed the accusations as “baseless” on Wednesday, calling the report “part of a broader attempt to discredit Israeli academia and institutions.”
12:10
Samsung Electronics has opened an AI chip packaging R&D center in Yokohama, Japan, aiming to accelerate technological collaboration with Japanese suppliers.
The center, which opened on Tuesday, September 8, will focus on back-end chip manufacturing processes to leverage Japan's expertise in packaging equipment and materials such as adhesives and substrates.
12:06
Harbor Funds Discloses New Position in Regeneron Pharmaceuticals (REGN) in Q2 2026 Investor Letter, Citing Strong Cash Flow and Earnings Measures
Investment management company Harbor Funds revealed in its Q2 2026 investor letter that it has added biotechnology firm Regeneron Pharmaceuticals (NASDAQ:REGN) to its holdings. The fund highlighted Regeneron's strong performance in cash flow and forecasted earnings, robust price momentum over the past 12 months, improving operating margins, and sales growth as key reasons for the purchase. Regeneron Pharmaceuticals closed at $827.72 per share on September 4, 2026, with a market capitalization of $85.21 billion, having gained 2.43% over the past month and 48.22% over the past 52 weeks.
12:06
Uber Stock Falls As Wall Street Sizes Up Tesla's Cybercab Rollout
Uber Technologies (UBER) stock fell on Tuesday, despite Wall Street analysts offering positive takes on the company's efforts to fend off competition. The decline comes as Wall Street assesses the competitive threat from Tesla (TSLA), which late Thursday held an official launch in Austin, Texas, for its "Cybercab," its first vehicle built specifically for autonomous ride-hailing.
12:06
French energy distributor Rubis raised its full-year earnings guidance, with first-half profit up 17%, sending its shares up about 5%.
French energy distributor Rubis reported strong first-half results and raised its full-year outlook. For the six months ended June, the company's revenue increased by 24% to €4.07 billion, EBITDA rose by 18% to €434 million, and net profit attributable to shareholders grew by 17% to €191 million. As a result, management raised its 2026 EBITDA guidance to a range of €775 million to €825 million (previously €740 million to €790 million). Rubis shares rose by approximately 5% in Paris, as the company achieved profit growth through good inventory management and pricing despite high oil prices.
12:01
Samsung Partners Mistral AI to Develop Semiconductor AI Models for Chip Design, Manufacturing
Samsung Electronics announced a strategic partnership with French AI company Mistral AI to develop artificial intelligence models specifically designed for semiconductor design and manufacturing. The collaboration will focus on building and deploying AI solutions for Samsung’s semiconductor operations, including chip design, manufacturing process optimization, and engineering workflows. Samsung plans to integrate Mistral AI’s advanced language models under this partnership.
12:01
ETC (Ethereum Classic) saw a trading volume of $2.21 million in the past hour, which is 20.3 times its 7-day average for the same period. It is currently trading at $8.750.
12:00
Copper CEO Amar Kuchinad departs as search for a buyer enters a fourth month
Amar Kuchinad, who has served as CEO of cryptocurrency custody firm Copper since October 2024, has left the company. Copper has been seeking a buyer for at least four months, with financial firm Cantor Fitzgerald appointed to facilitate the sale. The company, once valued in excess of $2 billion, is reportedly fielding offers around the $200 million mark.
11:57
Firms Seek to Lower Borrowing Costs in Flurry of US Repricings
11:57
Qatar's Q2 fiscal deficit hit a near decade high of $5.8 billion, impacted by the US-Iran conflict and the blockade of the Strait of Hormuz. LNG exports plummeted by 90% to less than 2 million tons. The IMF projects an economic contraction of over 8% this year.
Qatar's Ministry of Finance announced that the country's budget deficit reached 21.2 billion riyals (approximately $5.8 billion) in the second quarter, the highest level since late 2016. Due to the de facto blockade of the Strait of Hormuz by the US-Iran conflict, natural gas revenues have almost evaporated, with the country's liquefied natural gas (LNG) exports plummeting from approximately 20 million tons per quarter in the same period last year to less than 2 million tons between April and June 2026. The International Monetary Fund (IMF) expects Qatar's economy to contract by over 8% this year.
11:56
For the first half of the year, China Merchants Bank's corporate banking business profit surpassed its retail banking business for the first time, exceeding it by 2.815 billion yuan.
China Merchants Bank's wholesale finance business recorded a pre-tax profit of 45.703 billion yuan in the first half of the year, a year-on-year increase of 23.33%, surpassing its retail business for the first time by 2.815 billion yuan, which stood at 42.888 billion yuan. This marks the first time the wholesale segment's profit contribution has exceeded that of retail since the bank began disclosing segment profits in 2016. This shift reflects a diverging cycle in China's banking credit structure, characterized by expansion in corporate lending and contraction in retail lending. As of the end of June, China Merchants Bank's retail loan balance decreased by 1.08% compared to the end of last year. The wholesale finance business, through scale growth and reduced credit costs, compensated for the profit gap from the retail side, which was impacted by weakening demand and rising risks in mortgages, credit cards, and consumer loans.
11:56
Perplexity CEO Aravind Srinivas Says Banks Seek On-Prem AI to Prevent IP Leaks; Nvidia CFO Reports $15B in Trailing 12-Month On-Prem Revenue from On-Premises Solutions
Perplexity CEO Aravind Srinivas stated on September 4 that major banks like Morgan Stanley and JPMorgan are requesting air-gapped, on-premises AI solutions, specifically on Nvidia's DGX Spark, to prevent intellectual property from leaking to frontier labs. Nvidia's CFO Colette Kress noted that the company's trailing 12-month on-premises revenue reached $8 billion in the automotive sector alone, with financial services, manufacturing, and healthcare collectively contributing another $7 billion. Nvidia anticipates that non-hyperscaler categories, including sovereign AI, enterprise edge, and air-gapped data centers, will account for approximately half of its data center business.
11:53
Millennium Management's assets have hit $97 billion, more than double what the firm oversaw six years ago, and is speeding toward $100 billion.
11:51
CZ retweeted, mentioning that BNB Network Company (BNC) had transformed into the BNB Treasury through a $500 million PIPE, and has resolved governance disagreements, aiming to provide a compliant institutional channel for BNB.
CZ retweeted @four_xyg's post about BNB Network Company (BNC). The tweet stated that BNC, formerly a climate-controlled agriculture and e-cigarette company, transformed into the world's largest publicly traded BNB treasury in 2025 through a roughly $500 million PIPE investment led by YZi Labs. CZ's investment in BNC is not for short-term speculation, but rather to make BNB an accessible public market entry point for traditional investors, providing a compliant, transparent, and auditable institutional channel for BNB, similar to what Strategy is for Bitcoin. The tweet also mentioned that BNC recently resolved months of governance disagreements, realigning shareholder interests through board enhancements and a governance reset, and is committed to long-term support for BNB and its ecosystem.
11:51
Kroger (KR) stock has fallen 15.42% over the past year, with a more than 20% drop in Q2, due to inflationary pressures and slowing sales.
Kroger (KR) stock has fallen 15.42% over the past year, with a Q2 decline exceeding 20%, due to inflationary pressures and slowing sales. Harbor Mid Cap Value Fund, in its Q2 2026 letter to investors, noted that the primary reasons for Kroger's stock decline were slowing same-store sales, inflationary pressures, and price reductions from low-cost competitors to maintain market share. As of September 4, Kroger closed at $58.59 per share, with a market capitalization of $35.89 billion.
11:51
Bitmine Buys $69.4M in Ether, Bringing Holdings to 4.9% of Ethereum Supply
Bitmine Immersion Technologies (NYSE: BMNR) announced it added another 28,086 Ether to its holdings last week, valued at approximately $69.4 million at Tuesday's price. This purchase increases Bitmine's total Ether holdings to 5.93 million ETH, representing about 4.9% of Ethereum's circulating supply and nearing its goal of controlling 5%. The company has been purchasing Ether weekly since June 2025 and currently has about 85% of its ETH holdings staked, projecting annualized staking revenue of approximately $330 million.
11:46
Bloomberg strategist Simon White analyzed that the core premise of "insatiable demand for hashrate" for trillions of dollars in AI investments is facing challenges, and valuation logic may need to be re-evaluated.
White points out that the current AI investment logic is built upon three assumptions: continuous growth in token usage, the continued validity of the Scaling Law, and the constant expansion of the "task universe." He believes that if any of these links deviate, the valuation logic corresponding to trillions of dollars in capital could face re-evaluation. The recent continuous decline in token prices and a significant drop in the forward P/E ratios of AI tech stocks indicate that the market has begun to lower some long-term growth expectations, but skepticism about the core assumption of "infinite computing power demand" may still be insufficient.
11:45
Citi reiterates Buy rating on Ciena (CIEN) with a $658 price target, implying 105% upside, after Ciena reports record Q3 earnings and raises full-year guidance.
Citi's managing director Atif Malik cited Ciena's leadership in optical transport gear and new demand from AI data centers as key drivers. Ciena reported record fiscal Q3 revenue of $1.67 billion (up 37%) and adjusted earnings of $2.11 per share (up 215%), also raising its full-year revenue guidance to $6.42 billion. The bank views the post-earnings sell-off as a buying opportunity.
11:44
Iran's Tasnim News Agency, citing IRGC, claims Iran destroyed a U.S. MQ1 drone over the Strait of Hormuz; U.S. has not confirmed the report.
11:44
Macklowe, a luxury whiskey brand, is betting on premium ready-to-drink cocktails to enhance category accessibility.
Julie Macklowe, founder of the Macklowe brand, stated that convenience is the main driver behind her latest strategy: launching a premium ready-to-drink whiskey cocktail to make the traditionally "snobby" whiskey category more accessible. She also noted that spirits tariffs ultimately punish American consumers by raising prices and could lead to reduced alcohol consumption among younger generations.

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