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9/9
10:13
Baron Generational Growth Fund expressed optimism for the investment prospects of hotel franchisor Choice Hotels International (CHH) in its Q2 2026 investor letter, deeming its stock attractive at current levels. The fund highlighted CHH's accelerating revenue per available room (RevPAR) growth, increased new hotel contract signings, robust balance sheet, and sustained improvements in earnings and cash flow, despite its valuation remaining at historical lows. Choice Hotels International (CHH) shares closed at $100.01 on September 8.
10:13
Blackstone confirmed that Nadeem Meghji, head of its global real estate business, has resigned, less than a year after he took sole charge of the unit. David Levine and Giovanni Cutaia have been appointed as co-heads. Meghji, who joined Blackstone in 2008 and was set to become the sole head of global real estate in 2025, reportedly left to spend more time with his family. Blackstone President Jonathan Gray stated that the firm's business has strong continuity and a deep bench of talent. Blackstone's real estate portfolio is valued at over $600 billion, and its $30.4 billion global real estate fund, closed in 2023, set a record as the largest drawdown fund in history.
10:12
UBS upgraded Thermo Fisher (TMO) to "Buy" from "Neutral," raising its price target from $540 to $730, citing an expected organic growth of 5%-6% or more by 2027. Scotiabank initiated coverage on Uber (UBER) with an "Outperform" rating and a $100 price target, and also initiated coverage on DoorDash (DASH) with an "Outperform" rating and a $275 price target, expressing optimism about the ride-hailing and on-demand delivery sectors.
10:11
Musk retweeted a post from Peter Diamandis, a futurist and founder of the XPRIZE Foundation. In his tweet, Diamandis stated that he spends countless hours each week reading hundreds of stories about science, technology, health, and outer space, most of which amaze him and remind him that the future is being negotiated "today," and everyone can shape it through their choices.
10:10
Musk retweeted XFreeze's post, which stated that the X platform has begun rolling out the "X Numbers" feature to more users. This is a private in-app contact number for XChat, which users can share with trusted individuals. Anyone with the number can send messages or make calls via the X platform without needing to follow the other person. Users can turn this feature on or off, share the number, and refresh it to invalidate old numbers at any time. This feature integrates messaging, calling, and an exclusive number, all within the X platform.
10:07
Baron Generational Growth Fund noted in its Q2 2026 investor letter that the "softening" property and casualty insurance market, leading to flat or declining premium prices, has impacted the valuation of Kinsale Capital Group (KNSL). Despite this, the fund remains confident in KNSL's prospects, believing it will continue to achieve growth in underwriting premiums and book value per share through high return on equity, market share expansion, and underwriting discipline. As of September 8, KNSL's stock price was $367.29.
10:03
The expansion gives institutional and automated traders access to full-depth political prediction-market order books.
10:02
Internet commerce giant PayPal has expanded its blockchain-based stablecoin efforts by launching PYUSDx, a custom stablecoin developer platform. Built with the help of fiat-pegged token specialist M0 and crypto payments firm MoonPay, the platform enables any business to issue custom stablecoins backed by PayPal USD (PYUSD). Early adopters include crypto native firms Saturn, Concrete, and Cap, which collectively bring over $100 million in processed volume to the platform.
10:02
The memecoin, named after Hunter Biden's laptop, opened on Base and swung from $190 to under $4 within minutes, giving it a market capitalization of roughly $1.6 billion. Onchain records show tokens had been distributed to market makers for a week before trading began.
09:53
The reported truce, which began in June, followed negotiations that secured the release of 360 abducted villagers and allegedly involved a $3.7 million payment by the Nigerian government. The New Humanitarian's investigation, cited by Al Jazeera, indicates the ceasefire may be extended, though it does not include rival group Islamic State West Africa Province (ISWAP).
09:50
ArcBest (NASDAQ: ARCB) on Tuesday after market close reported that its August tonnage increased 9% year-over-year, accelerating from July's 7.7% growth. The company also raised its third-quarter adjusted operating income guidance for its asset-light segment to $10 million-$12 million, up from the initial $6 million-$8 million forecast. This improved outlook reflects continued yield discipline and productivity improvements.
09:50
Braze (NASDAQ:BRZE) stock fell 12% to $26.58 early Wednesday after the company's fiscal third-quarter adjusted EPS guidance of $0.13 to $0.14 came in below analysts' models, despite beating Q2 expectations with revenue up 26.2% year-over-year to $227.23 million and non-GAAP EPS of $0.19 (vs. consensus $0.16). Meanwhile, peer Klaviyo (NYSE:KVYO) stock advanced 3% to $18.42, notably refusing to sell off in sympathy.
09:45
Electric vehicle manufacturer Rivian (NASDAQ: RIVN) has announced its production plans and financial outlook for the R2 model. The company expects to deliver between 42,400 and 47,400 EVs in the second half of 2026, an 88% to 110% increase from the 22,559 units delivered in the first half, with the majority of deliveries concentrated in the fourth quarter. Although R2 deliveries began on June 9, the second quarter incurred approximately $100 million in additional costs due to its launch, resulting in a gross loss of $36 million for the automotive segment. Rivian anticipates that its automotive business will achieve positive gross profit by the end of 2026 as R2 production scales up and deliveries increase. The company also expects that by the end of 2027, the material and component costs for the R2 will be reduced to half that of the R1, and other production costs will also decrease by over 50%.
09:30
U.S. leveraged loan issuers (sampled from the Morningstar LSTA US Leveraged Loan Index) once again demonstrated strong profitability in Q2 2026, with revenue growth of 8% and EBITDA growth of 9%, both flat with Q1 and reaching their highest levels since 2022. Despite ongoing concerns about AI spending, robust profitability alleviated credit pressure, with the average leverage ratio decreasing to 4.85x and interest coverage rising to 4.95x.
09:30
Harbor Funds stated in its Q2 2026 investor letter that Cummins (NYSE:CMI) has performed well in recent years and is a leader in the industrial sector. However, given the stock's price appreciation, which earnings and cash flow have failed to keep pace with, leading to a decline in its valuation score, the fund decided to reduce its position in Q2. As of September 8, Cummins closed at $561.55, down 11.96% over the past month and up 38.56% over the past year, with a market capitalization of $77.3 billion.
09:30
Ark Invest bought 27,083 shares of Robinhood stock for its flagship ARK Innovation ETF (ARKK) on Tuesday, valued at approximately $3.1 million.
09:30
Michael Dell's net worth grew by $4.6 billion to an estimated $267.7 billion on Tuesday, driven by Dell Technologies stock rising 1.9% to a record close of $533.88. This surge, fueled by booming demand for AI hardware and strong Q2 earnings (revenue up 58% to $47 billion, AI server backlog at $95 billion), lifted him past Jeff Bezos ($265.2 billion) in Forbes' billionaire rankings. Dell now trails only Alphabet co-founder Larry Page ($277.9 billion) and Tesla chief Elon Musk ($942 billion).
09:29
eBay (NASDAQ:EBAY) outlined its strategy for expanding growth during a conference fireside chat. The company highlighted collectibles, consumer-to-consumer selling, recommerce, live commerce, and AI as core growth areas. Focus categories, C2C, and recommerce, which represent about 70% of its business, grew 20% in the second quarter. eBay Live grew eightfold year over year in Q2, while its AI-powered Magical Listing tool helped U.S. users create 50% more listings per lister.
09:27
New England natural gas prices have been trading near record discounts to Henry Hub in recent months, driven by low-cost Appalachian and Canadian natural gas supplies coupled with lower-than-usual regional consumption.
09:26
Sequoia and SMBC Fin Atlas Beyond Fund co-led Cymphony's $25 million Series A funding round, valuing the AI agent security company at over $100 million post-money. This round follows Sequoia's prior seed investment in Cymphony. Cymphony aims to help enterprises address new security risks posed by AI agents. Its platform provides security teams with a unified view of employees, AI agents, and other non-human identities to manage their access to enterprise systems and sensitive data.
09:24
According to a report released by the World Gold Council on September 9, global gold ETFs saw net inflows of $18 billion in August, with total assets under management (AUM) surging 16% from the previous month to $615 billion. Holdings increased by 121 tons to 4,189 tons, reaching a new all-time high. North America and Europe together accounted for approximately 90% of global inflows, with Europe achieving its strongest single-month performance ever. The report noted that policy concerns triggered by US intervention in the foreign exchange market to support the Japanese yen, worries about the fiscal sustainability of the US Treasury market, and the risk of a depreciating US dollar collectively drove investors to increase their allocation to gold.
09:22
Crypto exchange BitMart has failed to complete its roadmap on schedule and has not provided asset data or a withdrawal timeline. The exchange stated it would launch a feedback portal within five business days to coincide with the review by financial advisors.
09:21
Kuwait Petroleum Corporation (KPC) is offering ship-to-ship transfer services for crude oil and refined products, as buyers avoid ports within the Strait of Hormuz due to the risk of a US-Iran war. KPC stated that vessels would continue to transit the Strait of Hormuz when conditions are safe. Recently, Kuwait's naphtha exports have been severely disrupted, falling to about half of pre-war levels. Qatar, the UAE, and Iraq are also offering oil from ports outside the Strait of Hormuz.

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