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9/10
12:25
Transat A.T. (TSE:TRZ), a Canadian airline and tourism company, reported its third-quarter earnings with revenue up 3% year-over-year to $793 million. However, due to a 50% surge in fuel costs to $138 million, adjusted EBITDA swung from a profit of $81 million in the same period last year to a loss of $1 million. The company recorded an adjusted net loss of $89 million, or $2.18 per share. Transat stated that persistently high fuel prices and intense market competition severely eroded profitability, and it anticipates engine-related costs to continue until at least 2028.
12:20
Tsakos Energy Navigation (NYSE:TEN) reported record second-quarter net income of $139.3 million ($4.40 per share) and first-half net income of $228 million ($7.12 per share) for 2026. The company cited stronger tanker markets, higher profit-sharing income, and continued demand for long-term vessel charters. Adjusted EBITDA for the first half increased 68% to $324 million, with time-charter-equivalent rates climbing 41% to $43,503 per vessel per day. TEN has approximately $3.5 billion in forward committed earnings, with 84% of its operating fleet covered by time-charter arrangements. Management is considering a higher regular dividend and potentially redeeming $120 million of high-coupon preferred shares.
12:19
AI server-related stocks pulled back in Thursday's trading, with Hewlett Packard Enterprise (HPE) falling 4% to $56.37 and Dell Technologies (DELL) dropping 3% to $519.50, both ending a two-day rally driven by strong earnings reports. In contrast, Super Micro Computer (SMCI) shares remained relatively stable, declining only 0.9% to $38.55. Market analysis suggests that the pullback was primarily due to investors engaging in profit-taking after the two stocks had surged 134% and 312% year-to-date, respectively, rather than broader tech sector weakness, as the iShares U.S. Technology ETF (IYW) and Invesco QQQ Trust (QQQ) both fell less than 1%.
12:19
The Mexican peso, currently near its strongest level in over two years, poses a "major challenge" for companies in the country, according to the head of a leading business group (CCE).
12:18
Yahoo Finance analysts believe that despite NVIDIA's dominance in the AI sector and operating profit margins as high as 60%, AMD holds a valuation advantage. AMD's stock price has surged 143% year-to-date, compared to NVIDIA's 20% gain over the same period.

The analysis highlights that AMD's data center business revenue increased by 107% year-over-year, turning a loss into a profit of $2.1 billion. Furthermore, AMD has secured commitments for up to 2 gigawatts of MI450 GPUs from clients such as Anthropic. Given the continuous upward revisions of AMD's 2027 earnings per share estimates, analysts view its risk-reward ratio as more asymmetric and recommend a "buy."
12:18
CoreWeave reported Q2 revenue of $2.575 billion, up 112.3% year-over-year, with $51.6 billion in debt and Q2 interest expense of $640 million, which exceeded its $49 million operating loss. The company must continue tapping debt markets to fund its infrastructure targets. In contrast, Nebius Group posted Q2 revenue of $582.3 million, growing 454%, and holds $8.04 billion in cash against roughly $10.06 billion in total obligations. Nebius covers 50-60% of its capital expenditure with customer prepayments, expecting over $9 billion in 2026 inflows, significantly reducing its dependence on credit markets as the 10-year Treasury yield sits at 4.80% and rate hike probabilities increase.
12:16
Polymarket announced the appointment of veteran executive Warren Jenson as its first Chief Financial Officer. Jenson previously served as CFO at Amazon and currently sits on the boards of companies such as Ripple, Dropbox, and DigitalOcean. This appointment comes as Polymarket works to build its U.S. exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC) and expand its global platform.
12:13
Patrick Palfrey, Head of Strategy at Seaport Research Partners, noted that the current fundamentals of U.S. corporate earnings are exceptionally strong, with analysts' earnings expectations continuously revised upwards. This situation is historically rare, "almost beyond the realm of normal possibility." He believes that S&P 500 component companies saw a 55% year-over-year jump in second-quarter EPS, still growing 35% after excluding unrealized gains. However, the market has underreacted to this positive news, with the high-interest-rate environment suppressing valuations and investors questioning the sustainability of earnings.

Palfrey specifically pointed out that the fundamentals of industrial and transportation stocks are accelerating their improvement, but their stock prices have not yet seen corresponding returns, indicating clear mispricing opportunities. He warned that if the Federal Reserve's interest rate decision next week re-emphasizes the necessity of rate hikes, it could pose a short-term shock to the stock market, even though the market has already priced in approximately a 60% probability of a hike.
12:12
Expedia Group (EXPE) CEO Ariane Gorin stated at the Goldman Sachs Communacopia & Tech Conference that consumers are still traveling despite the average gas price reaching a record high of $4.15 per gallon in the US over Labor Day. She noted a 35% increase in searches during the Labor Day period, primarily focused on vacation destinations such as Las Vegas and Mexico. Looking ahead to the fall, searches for cities like Chicago, Boston, and New York have increased, with consumers showing a greater tendency to use budget or all-inclusive filters to find deals. Expedia's Q2 revenue grew 14% year-over-year, and adjusted EPS increased by 36%. The company has raised its full-year 2026 revenue growth guidance to 9%-10% (previously 6%-9%), with total gross bookings projected to reach up to $130.8 billion.
12:09
A rare inversion has occurred in Oracle's options market, with call option prices exceeding put option prices, whereas typically put options are more expensive. Julia Spina, Research Head at IG Group North America, noted that this phenomenon, occurring ahead of Oracle's Q1 earnings release, may reflect optimistic market expectations regarding the conversion of the company's remaining performance obligations (RPO). Oracle's stock price has fallen 32% over the past 12 months, with free cash flow at negative $24 billion, and the company plans to raise $40 billion through debt and equity financing to cover capital expenditures. Analysts believe it would be a mistake to interpret this asymmetric options ratio as a directional signal.
12:08
A centuries-old tin company backed by funding from the US Department of Defense agreed to buy as much as 100% of the metal concentrates produced by an Australian mining firm under a multiyear offtake agreement financed by STG Metals.
12:08
Yahoo Finance reports that analysts generally give Rocket Lab (RKLB) stock a "Strong Buy" rating, with a 12-month price target of $113.76, more than 70% higher than its current price.

The stock has fallen 57% from its late May high, mainly due to increased attention on competitor Space Exploration Technologies, a planned $8 billion acquisition of Iridium Communications, and the delay of the Neutron rocket launch until 2027. Although the company is currently unprofitable and speculative, its Electron rocket has completed 94 missions and has a customer order backlog of $2.36 billion.
12:08
Designer Brands, the parent company of DSW, reported adjusted earnings per share (EPS) of $0.34 for the second quarter, surpassing market expectations of $0.26. However, revenue declined by 1.2% year-over-year to $730.6 million, slightly below the anticipated $744.7 million. The company's gross margin significantly improved from 43.6% to 47.9%. Designer Brands raised its full-year revenue guidance to flat to 1% growth (previously a decline of 1% to 1% growth) and increased its adjusted EPS guidance to $0.47-$0.52 (previously $0.28-$0.38).
12:08
Bloom Energy (BE) recorded nearly $350 million in single-day options trading volume on September 8, with call options outnumbering put options by 50%, and its stock price rose by 11% that day. This followed the purchase of the company's stock and call options by U.S. House Speaker Nancy Pelosi's spouse in late July, after which Bloom Energy was included in the S&P 500 index.
12:08
Permian Basin natural gas has traded at negative prices for 118 of the first 131 trading days this year, indicating a persistent oversupply due to insufficient pipeline capacity. Chevron's subsidiary Energy Forge One has partnered with Microsoft to build a gas-fired power plant near a data center campus in Texas, aiming to utilize this excess gas for electricity generation.
12:07
A journalist's estimate reveals that Europe loses approximately €50 billion each year to carousel VAT fraud, also known as missing trader intra-community (MTIC) fraud. This figure surpasses HSBC's $22 billion net income for fiscal year 2025. Author Oliver Bullough noted on a Bloomberg podcast that this type of fraud has no earnings ceiling, incentivizing criminal gangs to collaborate for larger and more elaborate schemes. The fraud involves importing products zero-rated for VAT, selling them to a shell company within the EU with VAT charged, then exporting the goods and reclaiming VAT from the treasury, while the initial trader disappears without remitting the VAT. HSBC is mentioned solely as a scale benchmark and is not suggested to be involved in the fraud.
12:07
Airbnb CEO Brian Chesky, in an interview at the Goldman Sachs Communacopia + Technology Conference, stated that AI is not "inherently good or bad," and its potential lies in human hands. He likened AI to nuclear energy, saying it "can both light up cities and destroy them," and proposed that AI is a "cognitive revolution" that humanity should advance with, riding this wave of technology.
12:07
Robert Kiyosaki, author of "Rich Dad Poor Dad," stated that his $1.2 billion debt is part of his wealth accumulation strategy, aimed at leveraging investments that generate cash flow. His ex-wife and long-time business partner, Kim Kiyosaki, clarified that this debt is not personally owned by Robert but is associated with a portfolio of approximately 1,500 apartment units held by a group of real estate investors, with their personal liability significantly limited through legal arrangements. Kiyosaki advocates using "good debt" to expand income and opposes traditional financial advice to "live within your means." Wealth advisors have noted that Kiyosaki's strategy was highly effective during specific periods of low interest rates in the past, but replicating it has become more challenging in the current environment of high housing prices and high interest rates.
12:06
Biohaven (BHVN) stock plummeted Thursday after the company paused enrollment in a midstage study of its seizure treatment opakalim due to safety concerns. The Food and Drug Administration (FDA) is now requiring Biohaven to assess the potential for human toxicity from a metabolite in the drug, which is in testing for focal onset seizures, after issues were observed in rats.
12:06
Associated British Foods (ABF) shares fell over 9% after its latest trading update showed another weak quarter for Primark in continental Europe, with like-for-like sales expected to decline 3% in the fourth quarter. The group's sugar division faces a sharply deteriorating outlook, with an adjusted operating loss expected towards the upper end of £25 million to £60 million this year, potentially worsening to between £70 million and £170 million in 2027. Amidst this, Primark confirmed plans to offer home delivery in Great Britain, acquiring Debenhams Group's Sheffield fulfillment facility for £90 million, though no launch date has been given.
12:06
A group of lenders led by State Bank of India agreed to provide about $3.5 billion of debt financing to Indian mobile telephone operator Vodafone Idea Ltd. to help it rebuild its business, people familiar with the matter said.
12:06
Norwegian deepwater driller Odfjell Drilling has received a letter of award from Vår Energi for the Deepsea Bergen rig, with an estimated contract value of $518 million (Nkr4.81 billion). The three-year contract is expected to begin in early 2028, extending Deepsea Bergen's firm contract backlog to the first quarter of 2031. The value includes mobilisation fees but excludes annual escalation, integrated services, performance bonuses, and fuel incentives. Odfjell Drilling CEO Kjetil Gjersdal expressed delight, highlighting the long-term partnership and the rig's capability to deliver world-class operational performances.
12:05
The report highlights that private credit has evolved into a major source of financing for energy and infrastructure projects, as banks retreat from long-dated and complex loans. It notes that artificial intelligence is creating a significant opportunity, with over $1 trillion in U.S. AI-related infrastructure investment estimated over the next five years, encompassing data centers, power generation, and grid infrastructure.
12:05
Dell Technologies reported its second-quarter AI server orders reached $61 billion, significantly up from $24 billion in Q1. The company's AI backlog has now grown to $95 billion, compared to $51.3 billion last quarter. Total revenue for Q2 climbed 58% to a record $47 billion, and adjusted earnings per share were $7.04, exceeding analyst estimates. Dell also raised its full-year growth forecast to around 70%.
12:05
AT&T executives, including CFO Pascal Desroches and EVP Melissa Arnoldi, stated at a Citi event that the company's multiyear investment strategy has strengthened its network assets and reduced leverage. They highlighted renewed momentum in business connectivity, with advanced-connectivity revenue growing nearly 2% year-over-year in Q2. The company is targeting AI workloads, investing in 400-gigabit capacity, and plans to return about 100% of free cash flow to shareholders.

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