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14:00
US diesel stockpiles are projected to fall this month to their lowest level in over two decades, according to a new government report, as wars around the world, including one launched by Washington, choke flows from key export hubs.
13:59
A broad gauge of international commodity prices is approaching its highest level in 18 years, driven by fighting in the Middle East, growing demand tied to artificial intelligence, and declining confidence in the dollar, threatening global inflation.
13:57
Ahead of its September 18 annual meeting, a shareholder group controlling a 9.99% stake in SkyAI and fellow Solana treasury company Forward Industries are separately opposing the reelection of SkyAI's entire board. Forward Industries is also urging shareholders to vote against SkyAI's proposed 2026 equity incentive plan, which would authorize 5.145 million additional shares for stock-based compensation, representing roughly 7.2% additional dilution. Forward Industries, the largest Solana treasury company, had previously offered to acquire SkyAI in an all-stock deal worth $1.55 per share in June, which SkyAI's board unanimously rejected in July.
13:46
Target (NYSE:TGT) shares currently trade at $163.33, having surged 71.62% year-to-date. Analysts from 24/7 Wall St. project the stock could reach the $200 milestone by June 8, 2030, citing strong earnings acceleration and growth in its advertising and marketplace segments. This forecast implies a 22.5% gain from current levels, requiring a forward P/E of around 22x, which they believe is achievable if EPS continues to rise and turnaround efforts in merchandising categories compound.
13:45
The Justice Department's prosecution of Chinese national champion Huawei Technologies is finally going to trial after a nearly eight-year wait. The trial comes weeks before President Trump and Chinese leader Xi Jinping are set to meet in Washington later this month, where contentious subjects like trade, artificial intelligence, and the war in Iran are expected to be addressed.
13:41
During the September 3 lightning round of Mad Money, Jim Cramer stated his preference for CoreWeave (CRWV) over IREN (IREN) for AI cloud services, deeming others too speculative. CoreWeave reported Q2 revenue of $2.575 billion, up 112% year-over-year, with a backlog of approximately $104 billion as of June 30. The company also raised its 2026 CapEx forecast to $35 billion-$39 billion. Meanwhile, IREN's AI Cloud Services revenue reached $128.8 million in fiscal 2026, with total fiscal 2026 revenue at $707 million, including $578.2 million from Bitcoin mining. IREN is guiding to approximately $25 billion-$30 billion in fiscal 2027 capital expenditures.
13:40
Six months after Greg Abel took over from Warren Buffett as CEO of Berkshire Hathaway, the company became a net buyer of stocks in Q2 2026, the first time in over three years. Stock buybacks also surged to $4.5 billion during the same period. These capital deployments reduced Berkshire's cash reserves by $32 billion in 90 days, bringing them down to $365.5 billion as of the end of June 2026. Among these, Abel invested $10 billion in Google parent Alphabet in June through a private placement, making it one of Berkshire's top five holdings. Additionally, Berkshire announced on May 31 the acquisition of homebuilder Taylor Morrison for $6.8 billion.
13:40
Ripple engineer Neil Hartner on September 8, 2026, publicly challenged the security of Flare's wrapped XRP (FXRP) bridge, which allows XRP to be used on Flare's smart-contract network. Flare co-founder Hugo Philion disputed the concern, pointing to the protocol's collateral, escrow, and verification mechanisms. Over 155 million FXRP have been minted on Flare, representing a substantial amount of XRP on a network separate from the XRP Ledger.
13:38
The blockchain intelligence firm said its annual recurring revenue has quadrupled over the past three years as it expands its AI-powered investigations business.
13:38
During Apple's Surprise and Shine event on Wednesday, new CEO John Ternus asserted that the iPhone is already the optimal AI device available. He highlighted Apple's commitment to data privacy, contrasting it with rivals who view user data as something to collect and store. Ternus's comments outline the company's strategy to compete in the AI era by making the iPhone the central hub for consumer interaction with new AI technology, rather than focusing on new dedicated AI hardware.
13:37
Since August 17, Bitcoin's price has risen by approximately 22%, while the stock performance of crypto exchanges and stablecoin-related companies has kept pace with Bitcoin. However, Bitcoin miners have underperformed, with a median return of only 1.8% among the tracked companies. Among them, only Bitcoin mining machine manufacturer Canaan (CAN) outperformed Bitcoin, while Core Scientific (CORZ) and Terawulf (WULF) underperformed Bitcoin by 27% and 24%, respectively.
13:36
A panel of pharma representatives and analysts at the 2026 Nordic Life Science Days meeting in Stockholm noted that while licensing deals between US and Chinese biopharma companies hit record highs in 2024, increasing 280% from 2020, there's now an oversupply of mechanistically similar Chinese drugs struggling to find overseas buyers. Additionally, Chinese candidate drug prices have significantly increased, leading to a slowdown in demand, with other Asian regions like India potentially becoming the next market expansion focus.
13:36
Jim Cramer stated on the September 3 episode of Mad Money that Alphabet (GOOGL) is an exceptional opportunity, despite its stock only rising 9% year-to-date. He highlighted Google Cloud's robust growth, with sales surging 82% in Q2, making it a major profit driver alongside YouTube and Waymo. Cramer noted the stock trades at roughly 17 times earnings, which he considers unusually low and an undervaluation of the company's operations. While acknowledging massive capital expenditures (nearly $45 billion in Q2 for data centers and AI hardware) as a potential short-term risk, he emphasized the company's long-term competitive edges. Hedge fund interest in Alphabet also increased in Q2, with 275 funds holding the stock.
13:36
ODDITY (ODD) stated on its Q2 2026 earnings call that a 25% revenue decline for its flagship brand, IL MAKIAGE, was due to an "algorithmic misalignment" with its largest advertising partner, leading to a sharp increase in customer acquisition costs (CPA). The company is prioritizing a technical fix and plans for IL MAKIAGE to return to growth in 2027. Meanwhile, new brand SpoiledChild is projected to achieve $350 million in revenue in 2026, and the launch of METHODIQ marks a strategic shift towards the convergence of "beauty and medicine," expected to surpass SpoiledChild's first-year revenue performance. The company has repurchased 11.7 million shares year-to-date and bought back $50 million in zero-coupon convertible notes for $35 million.
13:35
During a September 3 episode of Mad Money, Jim Cramer highlighted Amazon's strong position in AI, referencing CEO Andy Jassy's remarks about significant future profits from AI investments and data centers. Cramer also noted the company's $50 billion semiconductor business and the potential for Amazon Web Services (AWS) to generate four times the cost of its NVIDIA GPU purchases, suggesting the stock is currently undervalued at around 20 times this year's earnings. AWS revenue surged 37% year-over-year to $42.2 billion in Q2, with operating income reaching $16.6 billion, driven by companies shifting to AI workloads. However, some on Wall Street are concerned about Amazon's balance sheet, with long-term debt increasing to nearly $129 billion by mid-2026 and full-year capital expenditure guidance climbing to around $220 billion, raising questions about aggressive spending.
13:35
Aave's V4 deposits have seen roughly 131% growth over the past 30 days alone, with active loans recently topping $250M for the first time. This early traction for new infrastructure remains a small fraction of Aave's roughly $30B supplied across V3 and +20 chains.
13:35
Tim Cook served as Apple CEO from August 24, 2011, until his resignation on September 1, 2026. During his leadership, Apple's market capitalization grew from approximately $350 billion to over $4.6 trillion.
13:35
The U.S. Department of Justice (DOJ) on Tuesday issued a second request for additional information regarding Fox Corp.'s planned $22 billion acquisition of streaming platform Roku. This action extends the waiting period for the deal's antitrust review, which was signed on June 14, 2026. Both companies stated they intend to cooperate fully and still expect the merger to close in the first half of 2027. The heightened scrutiny stems from competitor concerns about how a Fox-controlled Roku might handle content discovery, advertising data, and home-screen positioning for rival services.
13:24
Cognyte Software Ltd. announced its Q2 FY2027 earnings call summary, highlighting a 21% year-over-year increase in software revenue, significantly outpacing total revenue growth. This reflects the company's transition towards high-quality, scalable revenue streams. Management attributed the strong performance to increased government demand for national security, border security, and public safety. The company reiterated its confidence in achieving the FY2028 revenue target of $500 million and appointed Adam Philpott as Chief Revenue Officer. Cognyte also strategically invested in inventory to mitigate supply chain risks and price increases, and anticipates signing $20 million in federal and state/local agency agreements in the U.S. market this fiscal year.
13:22
Newly Declassified Documents Show Spain's CNI Intelligence Agency Warned Madrid and Moroccan Authorities One Day Before Over 70,000 Migrants Crossed into Ceuta. The CNI had flagged social-media groups with 180,000 followers discussing plans to storm the border. These disclosures could increase scrutiny over whether authorities did enough to prevent the crossing, although Foreign Minister José Manuel Albares stated officials had no warning of such a massive surge.
13:20
OpenAI has appointed a top US AI safety official to its foundation board. This appointment comes as AI labs, including OpenAI, face accusations of regulatory capture, and the new board member is a former housemate of Anthropic's chief executive.
13:14
Johnson & Johnson (JNJ) MedTech Chairman Tim Schmid acknowledged competitive pressure in the electrophysiology (EP) market, particularly in international and Asia-Pacific markets including China. He anticipates China's volume-based procurement (VBP) program will eventually affect the EP market, potentially later this year and into 2027, and plans to add one meaningful pulsed field ablation (PFA) catheter annually for the next three to five years.

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