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9/9
13:14
Johnson & Johnson Plans Orthopedics Business Separation by Mid-2027, OTTAVA Surgical Robot Showing Positive Feedback
Johnson & Johnson (JNJ) MedTech Chairman Tim Schmid noted the planned separation of the company's orthopedics business, expected around mid-2027, with various separation structures being evaluated. He also reported "resoundingly positive" feedback for the newly FDA-approved OTTAVA surgical robot system, with pilot launch sites being selected and more details expected at the December 8 Investor Day.
13:14
Johnson & Johnson MedTech Chairman Tim Schmid: Confident in High-End Growth, Cardiovascular to Be Largest Business by Q1 2027
Johnson & Johnson (JNJ) MedTech Chairman Tim Schmid stated the company is confident in achieving the high end of its 5% to 7% operational market-growth range for 2022-2027. He highlighted a portfolio shift towards cardiovascular products, which are expected to become the company's largest and fastest-growing MedTech business by the first quarter of next year, driven by acquisitions like Abiomed and Shockwave.
13:14
Optical Cable (OCC) Q3 sales rose 22% to $24.3M, net income $1.9M ($0.21/share), driven by strong demand in enterprise, data center and specialty markets, despite supply constraints.
13:12
Donald Trump's former Middle East envoy, Steve Witkoff, disclosed earning over $100 million from entities related to Trump's cryptocurrency ventures.
Steve Witkoff, a former Middle East envoy for Donald Trump, received over $100 million from entities holding his stake in World Liberty Financial, a new financial disclosure shows. This income included nearly $69 million in cash and $38 million in cryptocurrency. World Liberty Financial is a crypto company Witkoff co-founded in 2024 with Donald Trump and his family.
13:10
Japan plans to develop drone-based quantum sensors for submarine detection
The Defense Ministry's fiscal 2027 budget request shows Japan aims to achieve domestic mass production of the device, citing China's increasing naval activity in nearby waters.
13:07
ECB President Lagarde urges Europeans to 'choose each other' and build Europe to enhance sovereignty and growth, citing savings and investment union and digital euro
13:07
J.Jill, Inc. Q2 2026 Performance Improves, Boosted by $13.3 Million Tariff Refunds
The company reported a meaningful recovery in its full-price business across physical stores and direct channels. Inventory levels ended the quarter down 5% year-over-year. Management is consolidating the 'Wearever' sub-brand, investing in high-growth categories like Luxe Lounge and denim, and implementing AI-enabled merchandise planning. The updated full-year outlook assumes sequential improvement, with estimated tariff rates of 10% to 12.5% for landed goods in H2 2026.
13:03
Bank of America maintains a "Buy" rating and a $380 price target for Apple, projecting $477 billion in revenue for fiscal year 2026.
Bank of America analyst Wamsi Mohan maintained a "Buy" rating and a $380 price target for Apple in a report published on September 8. The price target implies an upside of approximately 20% from the closing price on September 8. The report projects Apple's fiscal year 2026 revenue to reach $477 billion, representing a year-over-year increase of approximately 15%, with earnings per share (EPS) of $8.85, up about 19% year-over-year. Additionally, the report forecasts Apple's fiscal year 2027 EPS at $9.92, surpassing the consensus estimates from Bloomberg and Visible Alpha. The analyst expects Apple to unveil three high-end iPhone models, including its first foldable phone, at its September 9 launch event, and anticipates a price increase of $150 to $200 for the Pro series.
13:03
Chainlink (LINK) is up 1% year-to-date, the only one of four cryptos with positive returns in 2026; XRP, Cardano, Dogecoin are down 24%, 34%, 22% respectively.
13:03
Brent crude oil rose 3.4% to break above $101. Goldman Sachs stated that if the US military continues to strike Iranian oil tankers, oil prices could rise to $120.
Brent crude prices rose about 3.4% to $101.25 on Wednesday, breaking above $101 for the first time since July, after U.S. forces destroyed five Iranian oil tankers on Tuesday. Goldman Sachs analysts said a rise in Brent crude prices to $120 is "reasonable" if U.S. forces continue to strike Iranian oil tankers.
13:03
The U.S. Treasury repurchased $6 billion in long-term government bonds, but the market was not impressed, with the 10-year Treasury yield still rising to 4.85%.
The U.S. Treasury announced it would repurchase up to $6 billion in long-term government bonds, triple the usual amount, but the market remained unconvinced. On Wednesday, the 10-year Treasury yield still rose by about 4 basis points to around 4.85%, and the 30-year Treasury yield surpassed 5.3%. Previously, U.S. Treasury Secretary Scott Bessent had pledged on August 19 to at least double the repurchase size.
13:02
OpenAI to Spend $750 Billion on Compute by 2030, a 25% Increase from Earlier Estimates, Still Faces Capacity Shortfall
12:56
The International Centre for Settlement of Investment Disputes (ICSID) ruled that Mexico violated its North American Free Trade Agreement (NAFTA) obligations in its dispute with Vulcan Materials, overturning the government's previous claims of victory.
12:49
Daikin Industries, Japan, plans to introduce AI tools for air conditioner inspection training by 2027 to address labor shortages and meet growing demand.
Daikin Industries is collaborating with startup Fairy Devices to develop a wearable device equipped with agent-based AI. The aim is to assist technicians with maintenance inspections, addressing labor shortages while global temperatures drive increased demand for air conditioners.
12:47
Uber to invest up to $1.25 billion in Rivian for autonomous robotaxi joint venture, with the first 10,000 R2 robotaxis planned for deployment in San Francisco and Miami in 2028.
Uber (NYSE: UBER) plans to invest up to $1.25 billion in electric vehicle manufacturer Rivian (NASDAQ: RIVN) by 2031, contingent on Rivian achieving specific conditions and milestones. The joint venture between the two companies is expected to deploy 10,000 fully autonomous R2 robotaxis in its first phase, with an initial launch planned for San Francisco and Miami in 2028, aiming to expand into 25 additional cities by 2031. Furthermore, the partnership includes an option for both parties to negotiate the procurement of up to 40,000 additional R2 models starting in 2030. Uber CEO Dara Khosrowshahi emphasized that Rivian's vertically integrated approach to vehicles, computing platforms, and software stacks is its key value proposition. Analysts suggest that Rivian's R2 model will not only boost sales but also generate high-margin recurring revenue from licensing its autonomous driving software, which could be a driver for its stock price appreciation.
12:46
Comcast shares fell 8% during Wednesday's trading, Charter was down 6%, and T-Mobile dropped 3%, with market analysis suggesting a potential repricing of broadband services.
Comcast and Charter Communications shares fell 8% and 6% respectively during Wednesday's trading, while T-Mobile shares dropped 3%. Market analysis suggests this decline is a repricing of the broadband business, rather than a general weakness in the communication services sector or the broader market. The article points out that T-Mobile's fixed wireless business is offering fiber-like speeds, driving its revenue growth and putting structural defensive pressure on cable operators in the upcoming earnings season. Comcast's domestic broadband revenue for the second quarter decreased by 5.5% year-over-year, and Charter's internet revenue fell by 3.2%, with an accelerating loss of internet subscribers. Although there was no clear catalyst, persistent market concerns about fixed wireless and fiber competition have intensified the share price pressure on cable operators.
12:44
Copper hits fresh record of $14,802.50 a ton, driven by tight global supplies and U.S. tariff expectations
The surge comes as tight supplies outside the U.S. outweigh concerns over Middle East tensions and slowing growth. LME copper has surged about 25% since March, partly due to large metal flows into the U.S. ahead of potential tariffs. Some analysts anticipate prices could soon reach $15,000, though oil above $100 remains a key risk to global demand.
12:43
99.28 million USDC (approximately $99.28 million) minted on-chain.
On-chain data shows that the transaction hash for this issuance is 0x65dca72eba06e05490bfd56f533cac8948b6147d1a4f6516aa5e828829ab6736.
12:39
Apple shares fell 1.1% to $312.65 ahead of its expected foldable iPhone launch
Apple shares fell 1.1% to $312.65 ahead of its first launch event under CEO John Ternus. Markets expect Apple to unveil its first foldable iPhone, potentially its biggest design overhaul since 2017. Analysts say the premium device could boost revenue, margins, and average selling prices. Apple shares are up more than 15% this year, trailing only Nvidia among the Magnificent Seven.
12:36
Analysts say XRP could reach $60, but only if its monthly closing price is above $3.66.
An analyst suggests that XRP's price could reach $60, but this target hinges on XRP's monthly closing price breaking above $3.66 for the first time. Currently trading at approximately $1.42, XRP would need to surge over 40 times to hit $60, or 158% to reclaim $3.66. This prediction is based on a decade-long ascending triangle pattern observed on XRP's monthly chart. However, the article emphasizes that this target remains highly speculative at current prices, and XRP has never achieved a monthly close above $3.66.
12:36
ExxonMobil, ANPG and Partners Announce 20th Oil Discovery in Angola's Deepwater Block 15
ExxonMobil, Angola's National Oil, Gas and Biofuels Agency (ANPG) and their Block 15 partners confirmed a new oil discovery at the Vicango Este-01 well on Wednesday. This marks the deepwater block's 20th find since production began, with the well encountering 25 meters of high-quality, hydrocarbon-bearing sandstone.
12:28
EU and Canada Plan Closer Ties Amid Fraying US Relations Under Trump
Canada and the EU are exploring an even deeper alliance, as their ties with the US continue to fray under President Trump.
12:27
Hyperliquid Policy Center backs CFTC in perpetual futures dispute, asks court to dismiss CME’s lawsuit
The Hyperliquid Policy Center (HPC) filed an amicus brief in the U.S. District Court for the District of Columbia, supporting the Commodity Futures Trading Commission (CFTC) and accusing CME Group of stifling innovation. CME had sued the CFTC in June over its approval of perpetual futures for Kalshi and Coinbase, which HPC argues enlarged the market rather than dividing it, opening exchanges to new market participants.
12:27
AbbVie highlights growth drivers SKYRIZI and RINVOQ, pipeline catalysts, and maintained high-single-digit revenue growth outlook at Wells Fargo conference
AbbVie executives outlined growth plans across immunology, oncology, and neuroscience at a Wells Fargo conference, emphasizing continued momentum for its SKYRIZI and RINVOQ franchises, a pipeline of combination therapies, and a business development approach focused on long-term strategic assets. The company expects a subcutaneous SKYRIZI induction approval for Crohn's disease in Q4 and plans further combination-therapy data. AbbVie also anticipates data later this year from Phase III studies of lutikizumab and RINVOQ in hidradenitis suppurativa (HS), and is advancing the BCMA-directed cancer therapy etentamig, which showed strong early multiple-myeloma results. Management reiterated its outlook for high-single-digit annual revenue growth through the decade and expects annual R&D spending to approach $10 billion this year, having invested about $20 billion in roughly 30 transactions over
12:26
Prosper Stars & Stripes Fund disclosed in its Q2 2026 letter to investors that Cable One (CABO) was the second-largest contributor to its short portfolio, having shorted the stock five times in the past four years.
The fund noted that Cable One (NYSE:CABO) faces increasing competition in rural markets from fiber, fixed wireless, and satellite internet, leading to a loss of pricing power and market share. Cable One's revenue declined by 7% in Q1 2026, with earnings falling by approximately 33%. As of September 8, CABO's stock price was $23.03, down 31.48% over the past month and 85.49% over the past 52 weeks.
12:26
Signet Jewelers Expands Share Buyback Authorization by Nearly $400 Million, Plans $125 Million Accelerated Repurchase
12:26
Signet Jewelers Renews Partnership with Bread Financial, Expects Over $1 Billion in Incremental Revenue
Signet Jewelers announced an early renewal of its primary consumer-credit partnership with Bread Financial, extending the arrangement by seven years through December 2035. The company estimates the new agreement will generate more than $1 billion in incremental non-comparable revenue and operating income over its term.
12:26
SailPoint (SAIL) Q2 ARR rose 25% YoY to $1.231B, revenue increased 17% to $309M, exceeding expectations; company raised fiscal 2027 ARR outlook to $1.38B
12:26
Perma-Pipe International Q2 net sales rose 24% to $59.6M, net income up to $2.5M; secures new $90M JPMorgan credit facility
Perma-Pipe International (NASDAQ:PPIH) reported strong second-quarter fiscal 2026 results, with net sales for the quarter ended July 31 increasing 24% year over year to $59.6 million, and net income rising to $2.5 million, or $0.31 per diluted share. The company also secured a new global credit facility with JPMorgan Chase, providing approximately $90 million in initial commitments, including a $75 million revolving credit facility and a $14 million term loan, plus access to up to $50 million in additional capacity and $30 million in letter-of-credit availability. This financing is expected to support larger projects and expansion opportunities, with a pipeline exceeding $900 million. Backlog reached $142.3 million, with new quarterly orders totaling $67.8 million.
12:25
Caleres (CAL) Q2 Adjusted EPS Beats Expectations, Sales Up 5.6% to $695M; Raises Full-Year Outlook
Caleres (NYSE:CAL) reported second-quarter adjusted earnings of $0.47 per share, beating expectations, with sales rising 5.6% from a year earlier to $695 million. The company also raised the low end of its full-year adjusted EPS outlook to $1.50–$1.65, driven by strong brand-portfolio growth and margin expansion despite weaker Famous Footwear sales.

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