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9/11
11:54
The average individual data center load doubled from 150 to 300 megawatts (MW) between 2023 and 2024, significantly boosting regulated capital expenditures for utilities. Southern Company (NYSE:SO) has signed large-load agreements totaling over 17 gigawatts (GW) by the mid-2030s, including a 25-year electric-service contract with OpenAI for a site near Savannah, Georgia. Duke Energy (NYSE:DUK) has already secured 7.8 GW of data center electric service agreements and targets converting an additional 15.4 GW pipeline by the first half of 2027. Other utilities like WEC Energy Group (NYSE:WEC), Xcel Energy (NASDAQ:XEL), and Consolidated Edison (NYSE:ED) are also benefiting from this surge in demand, with Xcel Energy having signed a landmark Google data center agreement in Minnesota.
11:54
Smithfield Foods now expects its Fresh Pork business to swing to an adjusted operating loss in Q3 2026, with lower adjusted operating profit also anticipated from its Hog Production business. This outlook is primarily due to the further weakening of USDA pork cutout values, which has compressed the industry's processing spread. The company had previously cut its full-year 2026 sales and profit outlook in August, indicating a continued deterioration in its earnings trajectory.
11:48
Musk responded to Senator Bernie Sanders's call for a 5% wealth tax on the ultra-wealthy, arguing that most billionaires are cash-poor with the vast majority of their funds tied up in assets like stocks. Musk stated on X this week that his stake in SpaceX and Tesla comprises over 99% of his fortune, with cash holdings less than 0.1% of his net worth. Sanders had previously highlighted Musk's wealth, noting he owns more than the bottom half of Americans combined. Musk emphasized that his companies' success boosts the US economy and benefits all shareholders, including retirement programs. Other billionaires like Mark Cuban and Mr. Beast have echoed similar sentiments, pointing out that wealth taxes may not be an efficient way to raise significant revenue for national debt.
11:48
Analysts at 24/7 Wall St. have set a price target of $492 for TSMC (TSM), representing an upside of approximately 15% from its current share price of $428, and issued a "Buy" rating. The firm noted that TSMC's August revenue increased by 53% year-over-year, with strong AI chip demand from NVIDIA and Broadcom securing its advanced process orders. Meanwhile, Intel's foundry business losses mean TSMC lacks a true competitor. However, mass production of the 2-nanometer process could compress gross margins by 3 to 4 percentage points, and geopolitical risks are still not fully priced in.
11:40
The Iran-backed Houthi forces have reportedly taken control over most of the western Red Sea coastal line. Experts fear this development threatens the key alternative shipping route to the Strait of Hormuz.
11:38
Goldman Sachs Deepens AI Push, Opens New Engineering Office in Bellevue for AI and Cloud Talent. The new office, reported by Reuters on September 8, will house over 125 employees focused on AI and cloud technology, aiming to leverage the Pacific Northwest's tech talent pool and enhance the firm's automation and efficiency across its businesses.
11:37
Visa is integrating its VisaNet settlement data with on-chain lending infrastructure, aiming to help stablecoin payment card programs and fintech companies more efficiently access working capital. Currently, Visa has over 160 stablecoin-linked card programs, with their payment volumes growing by nearly 200% year-over-year. The annualized stablecoin settlement run rate has exceeded $20 billion, more than 15 times higher than a year ago.
11:37
U.S. equities broadly declined this week, impacted by surging crude oil prices and rising government bond yields, with the Russell 2000 index hitting a three-month low; however, major stock indexes rebounded on Friday, recovering some of their losses.
11:37
Yahoo Finance analysis suggests that in 2026, traditional pharmaceutical giant Amgen is a more stable investment choice compared to gene-editing pioneer CRISPR Therapeutics.

The report indicates that Amgen's revenue for fiscal year 2025 was nearly $36.7 billion, a year-over-year increase of approximately 9.9%, with a net profit of nearly $7.7 billion and a net profit margin of about 21%. In contrast, CRISPR Therapeutics' revenue for the same period was approximately $3.5 million, a year-over-year decrease of about 90%, with a net loss of nearly $581.6 million and a net profit margin of approximately -16,569.8%.

The analysis suggests that despite CRISPR Therapeutics' gene-editing therapy CASGEVY having received approval in multiple regions and experiencing accelerating revenue growth, it remains in a significant loss-making state, with its investment outlook highly dependent on commercial execution and R&D success. In comparison, Amgen's business is more stable and predictable, with several products achieving double-digit growth, an upward revision of its full-year performance outlook, and continuous dividend payouts, enabling it to better cope with competitive pressures from older drugs.
11:37
The US-based audit, tax, and advisory company will integrate Reality Defender's deepfake detection capabilities into its cyber and fraud prevention practices to address AI-generated impersonation, fraud, and synthetic media threats. Financial terms of the transaction were not disclosed.
11:36
Yahoo Finance analysis indicates that while both hold U.S. Treasuries, TLT has fallen 4.35% year-to-date, whereas SGOV has risen 2.53%, due to differences in duration. TLT holds U.S. Treasury bonds with maturities of 20 years or more, has a long duration, and is sensitive to interest rates, having declined 35% since 2021. SGOV holds U.S. Treasury bonds maturing within 90 days, has a short duration, and has gained 20% over the same period. Currently, the 30-year U.S. Treasury yield is 5.37%, and the 13-week T-bill yield is 3.91%.
11:35
MarketWatch reported that new research by scholars at MIT and the London Business School challenges the prevailing view that "population decline inevitably leads to economic recession." The study found that lower birth rates are associated with higher GDP growth per working-age adult, and these two trends roughly offset each other, leaving a country's overall GDP largely unchanged during population fluctuations.
11:31
Nippon Steel has brought a new 300 billion yen ($1.96 billion) hot rolling line online, its largest ever investment in a single asset, believing it can still win market share from rivals in Japan's automotive sector despite sinking domestic demand.
11:27
Qualcomm has entered into a long-term cooperation agreement with Amazon, under which Amazon may purchase up to $60 billion worth of Qualcomm AI data center chips and related products. As part of the agreement, Qualcomm has granted Amazon warrants valued at approximately $4 billion, allowing Amazon to purchase Qualcomm shares at $161.26 per share, with the warrants vesting as Amazon procures Qualcomm products. Both parties will jointly develop custom AI chips focused on AI inference and work on high-speed optical interconnect technology for data centers. Qualcomm aims to achieve $15 billion in annual data center chip revenue by 2029, and this collaboration is seen as a significant validation of its AI strategic transformation, helping to reduce its reliance on the smartphone business.
11:27
Novartis' (NVS) experimental drug del-desiran failed to meet its primary endpoint in a late-stage trial for type 1 myotonic dystrophy, a key asset acquired in the company's $12 billion acquisition of Avidity Biosciences. This setback comes just days after its cholesterol drug pelacarsen also failed in a late-stage study. Despite these challenges, Novartis reiterated its goal of achieving 5%-6% annual sales growth by 2030.
11:27
The precision-engineering group's shares rose after Bank of America upgraded its rating from Underperform to Buy, citing a stronger-than-expected demand cycle, particularly from semiconductor equipment, electronics manufacturing, and aerospace customers. Renishaw reported record fourth-quarter revenue of approximately £243 million, up 27% year-on-year, with full-year revenue expected to reach around £815 million (about $1.1 billion), representing 14% growth. Adjusted operating profit for the year is projected at £152 million, and adjusted pre-tax profit at £167 million, up 31% year-on-year. Bank of America also raised its 2027 EBIT estimate by 22% to £181 million.
11:27
Rio Tinto Group has agreed to acquire the Aurukun bauxite project in Western Cape York, Queensland, from a joint venture between Glencore and Mitsubishi Development. The financial terms of the transaction were not disclosed and remain subject to approval by the Queensland government and other Australian regulatory bodies. Furthermore, the project has not yet secured a mining lease, and the local Indigenous Wik Waya people have expressed concerns about the adequacy of consultations, adding potential hurdles to the project's development. This acquisition is expected to strengthen Rio Tinto's position in the global bauxite market and offer long-term resource potential, but it is unlikely to lead to immediate profit growth in the short term.
11:26
EverBank Financial has agreed to merge with WaFd, Inc. (NASDAQ:WAFD) in a $3.9 billion reverse merger. The combined entity will operate under the EverBank Financial Corp. name, trade on Nasdaq as EVBK, and hold approximately $75 billion in assets. WaFd shareholders are expected to see a 29% increase in 2027 earnings per share.
11:26
Yahoo Finance analysis suggests that despite Qualcomm's transformation in automotive and on-device AI, Advanced Micro Devices (AMD) is a better tech stock buy in 2026, given AMD's strong momentum in data center GPUs and high-performance computing.

AMD's revenue for fiscal year 2025 is projected to be nearly $34.6 billion, a 34.3% year-over-year increase, with a net profit of approximately $4.3 billion. Qualcomm's revenue for fiscal year 2025 is projected to be $44.3 billion, a 13.7% year-over-year increase, but its net profit is expected to decrease to $5.5 billion due to one-time non-cash expenses.
11:25
Financial markets have rapidly repriced the likelihood of a Bank of Japan (BOJ) rate hike next week, following hawkish comments from several BOJ policymakers over the past week, leading to a significant strengthening of the Japanese Yen against major currencies. Analysts believe that while the Federal Reserve's interest rate policy will dominate headlines next week, the BOJ could prove to be a more significant central bank for U.S. investors.
11:24
Maharashtra is drafting a policy to tokenize state assets, including electricity transmission infrastructure, to raise funds for new projects.
11:21
Yahoo Finance published an article stating that NVIDIA's true competitor is not AMD, but Broadcom, due to its rapid growth in custom AI chips. The article notes that while NVIDIA's data center division reported Q2 revenue of $89.0 billion, a 117% year-over-year increase, Broadcom's AI semiconductor revenue reached $16.7 billion in Q3 (ending August 2), a 221% year-over-year increase. Broadcom expects its AI semiconductor revenue to double to $115.0 billion in 2027 and double again to $230.0 billion in 2028.
11:20
Dell Technologies Inc (NASDAQ:DELL) shares surged 11% to an all-time high above $562 on Friday after RBC Capital Markets initiated coverage with an Outperform rating and a $640 price target. RBC highlighted robust enterprise demand for AI investments, compute modernization, storage expansion, and PC refresh, expecting these factors to sustain Dell's results above its long-term targets. The company also reported record fiscal second-quarter 2027 revenue of approximately $47 billion, up 58% year-over-year, with adjusted earnings per share of $7.04 that beat estimates. Dell's AI server backlog reached $95 billion, with over $60.9 billion in new AI orders booked during the quarter, providing multi-year revenue visibility into fiscal year 2028.

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