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IRANIAN MEDIA SAY SAUDI OIL TANKER STOPPED WHILE PASSING THROUGH SOUTHERN CORRIDOR OF STRAIT OF HORMUZ; NO SAUDI CONFIRMATION

APPLE $AAPL SAYS OPENAI DEFENDANT ACCESSED POWER CONVERTER SCHEMATIC WHILE AT OPENAI In a legal filing in its trade secret case, Apple alleges the defendant also trained an AI agent using proprietary Apple information. The company says the new evidence came from a MacBook that

$AAPL - APPLE ALLEGES OPENAI DEFENDANT USED TRADE SECRETS TO TRAIN AI Apple alleges a defendant in its trade-secret case against OpenAI accessed a proprietary power-converter circuit schematic while at OpenAI and used confidential Apple information to train an AI agent,

TEVA $TEVA AND TRUMP ADMINISTRATION ANNOUNCE INTENT TO REACH DRUG-PRICING DEAL The company says it remains in active discussions with the administration on an agreement anchored in all four of the president's drug pricing priorities, covering affordable medicines and US supply

TRUMP, ASKED IF HE IS REVIEWING POSITION ON FALKLANDS, SAYS I ALWAYS REVIEW POSITIONS AND THAT'S ONE OF THEM

TRUMP: I HAVE RULED OUT USING A NUCLEAR WEAPON ON IRAN

PMV PHARMACEUTICALS $PMVP REPORTS 46% ORR IN OVARIAN CANCER TRIAL Updated interim data from the PYNNACLE Phase 2 pivotal trial of rezatapopt monotherapy, per the company. - Objective response rate: 46% among 76 ovarian cancer patients - Median time to response: 1.3 months -

TRUMP: WE HAVE SO MUCH AMMUNITION ALL OVER THE WORLD TRUMP: IRAN IS NOT A BIG WAR FOR US

TRUMP: I WANT TO FILL UP STRATEGIC RESERVES

*SUPREME COURT LETS TRUMP KEEP BUILDING WHITE HOUSE BALLROOM

TRUMP ON VENEZUELA: WE HAVE BIG OIL COMPANIES GOING IN

TRUMP ON VENZUELA: IT'S UP TO THEM WHAT TO DO ABOUT OPEC

TRUMP: WE SHOULD PAY THE LOWEST INTEREST RATES IN THE WORLD BY FAR

TRUMP: HAVE A LOT OF RESPECT FOR WARSH, AND HE'LL DO WHAT HE HAS TO DO

TRUMP: INTEREST RATES ARE TOO HIGH

TRUMP: IRAN DOESN'T REALLY KNOW WHO THEIR LEADER IS TRUMP: IRAN WILL NEVER HAVE A NUCLEAR WEAPON TRUMP: WE MAY SMACK IRAN, WE WILL SEE WHAT HAPPENS

TRUMP: IRAN STRIKES WILL BE LIMITED TRUMP: STRAIT OF HORMUZ IN EXTREMELY GOOD SHAPE TRUMP: A LOT OF OIL COMING OUT OF HORMUZ TRUMP: SHIPS CAME THROUGH HORMUZ LAST NIGHT WITH NAVY ASSIST TRUMP: AVERAGING 30 SHIPS A NIGHT OUT OF HORMUZ

CHIME $CHYM EXPANDS TRUMP ACCOUNT BENEFIT TO EMPLOYEES' CHILDREN The company says the expansion widens access to the accounts for employees' families, per a company release.

TRUMP APPROVAL HOLDS AT 33%, LOWEST LEVEL OF HIS POLITICAL CAREER, REUTERS/IPSOS POLL FINDS

TRUMP ANNOUNCES NEW DRUG-PRICING AGREEMENTS Trump names BeOne Medicines $ONC and CSL $CSL.AX as the companies involved.

HIMS & HERS HEALTH $HIMS ENTERS AUSTRALIA The telehealth company says the launch marks its first market presence in the Asia-Pacific region.

GOLD FALLS 1% AS FED, MIDDLE EAST PRESSURE MOUNTS Gold posted a second straight loss as renewed Middle East military action and hawkish Fed expectations pressured prices. Front-month gold settled 1% lower at $4,431.10/oz, but still gained 9.4% in August. Silver fell 1.2% to

TRUMP ADMINISTRATION WILL SOON ANNOUNCE SHARPLY REDUCED VEHICLE FUEL ECONOMY STANDARDS -TRANSPORTATION SECRETARY DUFFY

TRUMP WEIGHS NEW STRIKES ON IRAN OVER HORMUZ President Trump is considering limited U.S. strikes against Iran aimed at preventing Tehran from rebuilding radar, air-defense and anti-ship missile capabilities around the Strait of Hormuz, according to U.S. officials. CENTCOM

FTC TO SUE AMAZON $AMZN OVER SECRET AD PRICE INCREASES The FTC and more than 20 state attorneys general plan to file today in Seattle federal court, alleging Amazon secretly raised the minimum price advertisers paid to promote products on its retail platform and took in tens of

FORMER CREDIT SUISSE RISK HEAD SEES BITCOIN AT $150,000 CK Zheng, former Credit Suisse global head of valuation risk, says Bitcoin’s worst may be over and expects it to reach $150,000 by late 2027. Zheng sees regulatory clarity, institutional adoption and potential passage of

KALSHI PERPETUAL FUTURES VOLUME SURGES IN AUGUST Kalshi says nearly $13.7 billion in perpetual futures traded on its platform over the past three weeks — almost double July’s full-month volume. The prediction market also filed with the CFTC to offer FX perpetual futures,

U.S. VP VANCE ON IRAN: THINK TRUMP SENDING MESSAGE TO IRAN WITH KHARG ISLAND POST

BESSENT HITS BACK AT DRUCKENMILLER OVER BOND CRITICISM Treasury Secretary Scott Bessent defended his U.S. bond-market intervention after criticism from Stanley Druckenmiller. Bessent suggested the veteran investor “lost money” around the time he submitted his critical op-ed.

GOLDMAN SACHS CEO SOLOMON: WE ARE GOING TO HAVE TO DRIVE HIGHER LEVELS OF ECONOMIC GROWTH CONSISTENTLY, GIVEN OUR LEVELS OF SPENDING AND DEBT

GOLDMAN SACHS CEO: AT THE MOMENT, I DON'T SEE A LOT OF RISKS IN THE CREDIT SYSTEM

GOLDMAN SACHS CEO DAVID SOLOMON ON US ECONOMY: THE ECONOMY IS PERFORMING WELL

GOLDMAN SACHS CEO DAVID SOLOMON ON US ECONOMY: THE CONSUMER IS STILL PRETTY RESILIENT - CNBC INTERVIEW

$TSLA - TESLA SHARES HIT OVER ONE-WEEK HIGH, LAST UP 4.5%

HORMUZ DISRUPTIONS SEND TANKER RATES TO RECORD HIGHS Tanker freight rates have surged to record levels as restricted traffic through the Strait of Hormuz squeezes vessel availability, S&P Global Energy says. Ship crossings have fallen more than 80% since the U.S.-Iran war began

BESSENT: THINK DRUCKENMILLER LOST MONEY DAY HE SENT EDITORIAL BESSENT: HEDGE FUND MANAGERS LIKE TO 'SPEED THINGS UP' BESSENT: BELIEVE JAPAN, BOJ TO DO THINGS THAT LEAD TO YEN RISE

BESSENT: WE ARE NOT IN WAR WITH CANADA-CNBC INTERVIEW

BESSENT: CORE INFLATION IS VERY TAME

BESSENT ON BOND MARKET: I HAVE NOT BOUGHT ANYTHING YET

BESSENT: MY BELIEF IS THAT JAPANESE GOVERNMENT AND BOJ WILL DO THINGS THAT WILL LEAD TO A STRONGER YEN-CNBC INTERVIEW

BESSENT: BEST PERFORMING BOND MARKET, 30-YEAR YIELD IS DOWN

BESSENT: WE HAVE MORE IN COMMON WITH CHINESE ON IRAN

BESSENT: OIL PRICES ARE GOING TO COME DOWN, GOING TO GET ON OTHER SIDE OF IRAN CONFLICT

BESSENT ON U.S. BOND MARKET: DON'T BELIEVE I CAN CHANGE EQUILIBRIUM PRICE-CNBC INTERVIEW

BESSENT: HAD A RBOUST MEETING WITH CHINA GOVERNOR PAN SUNDAY-CNBC INTERVIEW

BESSENT ON IRAN: GOAL IS TO CREATE A CONDITION THAT THEY'D WANT TO COME TO THE TABLE-CNBC INTERVIEW

TRUMP URGES U.S. COMMUNITIES TO EMBRACE DATA CENTERS President Donald Trump urged communities across the U.S. to welcome data centers, arguing they will bring jobs, investment and lower taxes. Trump warned that opposition to new facilities risks leaving communities “backwards

*US 5-YEAR YIELD RISES TO 4.5%, HIGHEST SINCE JANUARY 2025

U.S. 10-YEAR YIELD TOPS 4.75%, HIGHEST SINCE 2025 The U.S. 10-year Treasury yield climbed above 4.75%, its highest since January 2025, as surging oil prices boosted expectations for Fed rate hikes. Oil gained more than 3% after President Trump threatened further attacks on

$AAPL - TIM COOK ENDS 15-YEAR APPLE CEO ERA Tim Cook’s 15-year tenure as Apple CEO ends today, handing leadership of the $4.67 trillion company to hardware chief John Ternus on Sept. 1. Cook becomes executive chairman after overseeing revenue growth from $108 billion in 2011

WARSH SAYS WE ARE SEEING A GLOBAL INVESTMENT SURGE THAT IS REVERSING PAST SAVINGS GLUTS

WARSH SAYS IN REMARKS TO G20 FINANCE MEETING THAT HE IS LOOKING FORWARD TO LEARNING MORE ABOUT GROWTH PROSPECTS IN G20 COUNTRIES

$GME - GAMESTOP SHARES RISE 5.4% AFTER CO SAYS IT WILL PAY ABOUT 27% OF $1.4 BLN DEBT EXCHANGE THROUGH CASH

SENIOR IRANIAN SOURCE TO REUTERS: FOR EVERY U.S. ATTACK ON IRAN, TEHRAN WILL DELIVER A 'RESPONSE DOZENS OF TIMES GREATER' SENIOR IRANIAN SOURCE TO REUTERS: IRAN’S RETALIATION AGAINST U.S. STRIKES ON LARAK SHOWED THAT 'NO TARGET IN THE REGION IS BEYOND TEHRAN’S REACH'

CHINA’S CXMT BEGINS HBM3E PRODUCTION China’s CXMT has started small-scale production of HBM3E, The Information reports. The advanced high-bandwidth memory is used in many of today’s leading AI processors.

BESSENT: ONLY WAY TO GET OUT OF DEBT IS TO GROW OUR WAY OUT OF DEBT

BESSENT ON IRAN: IRAN’S ECONOMY DOESN’T HAVE TO COLLAPSE JUST NEEDS TO COME TO ITS SENSES

BESSENT ON IRAN: GOING TO CONTINUE EXERTING PRESSURE

OPENAI’S AD BUSINESS HITS $1 BILLION ANNUALIZED REVENUE RUN RATE- CNBC

BESSENT ON IRAN: THEY ARE LASHING OUT KINETICALLY BECAUSE THEY ARE LOSING ECONOMICALLY

BESSENT ON IRAN: IRAN TAKING SANCTIONS SERIOUSLY

MORGAN STANLEY SHARPLY RAISES OIL PRICE FORECASTS Morgan Stanley lifted its 4Q Brent forecast to $100/bbl from $75 and WTI to $96 from $76. For 1Q 2027, it now sees Brent at $95 and WTI at $91, while 2Q forecasts rise to $90 and $86, respectively. Separately, a WSJ survey

YIELD ON 10-YEAR TREASURY NOTE LAST UP 3 BASIS POINTS AT 4.752% AFTER CLIMBING TO 4.756%, HIGHEST SINCE JANUARY 13, 2025

$AMZN - AMAZON “BEST POSITIONED” AS AI SPENDING SURGES — PIPER SANDLER Piper Sandler reiterated Overweight on Amazon with a $320 price target, calling it best positioned among major tech peers. The firm expects Amazon’s 2026 ROIC around 14%, relatively consistent with its

*US 10-YEAR YIELD RISES TO 4.75%, HIGHEST SINCE JANUARY 2025

TRUMP VOWS TO “HIT IRAN HARD” AFTER ATTACK ON U.S. FORCES President Donald Trump vowed retaliation after Iran fired at least eight ballistic missiles at U.S. forces in Jordan, reportedly causing no significant damage. “We’re going to hit them hard. There will be a response,”

TRUMP DECLARES IRAN A “FAILED NATION” President Donald Trump said Iran is “officially a Failed Nation”, claiming its military, currency and government are collapsing. Trump alleged inflation has reached 300% and accused Iranian authorities of killing more than 100,000

$MSTR - STRATEGY BUYS 4,603 BITCOIN FOR $369.7 MILLION Strategy purchased 4,603 BTC for $369.7 million between Aug. 24-30, at an average price of $80,318 per bitcoin. The company now holds 845,050 BTC, acquired for $63.73 billion at an average $75,412 per BTC. Strategy funded

US S&P 500 E-MINI FUTURES DOWN 0.26%, DOW FUTURES FALL 0.26%, NASDAQ 100 FUTURES DOWN 0.21%

CHINA'S XI MEETS WITH RUSSIA'S PUTIN IN BISHKEK- CHINESE STATE MEDIA

BESSENT FACES G20 TEST OVER U.S. GROWTH AGENDA Treasury Secretary Scott Bessent will push an “American growth agenda” at Monday’s G20 finance meeting, emphasizing deregulation and stronger global growth. But U.S. tariffs, the Iran war and elevated energy prices are drawing

US MILITARY DID NOT TARGET KHARG ISLAND IN OVER NIGHT STRIKES, US OFFICIAL TELLS REUTERS

IRAN'S PRESIDENT PEZESHKIAN TELLS INDIA'S PRIME MINISTER TEHRAN STILL SEEKS A NEGOTIATED SOLUTION OUT OF CONFLICT WITH U.S. - TASNIM IRAN'S PEZESHKIAN SAYS WAR IS IN NO ONE'S INTEREST - TASNIM

SPANISH INTERIOR MINISTRY: WE ARE EXTENDING BY 15 DAYS BORDER CONTROLS ON PASSENGERS ARRIVING FROM ITALY

BOFA WARNS INFLATION IS SQUEEZING CONSUMER STAPLES Bank of America says rising commodity costs and limited pricing power are increasing margin pressure on consumer staples companies. Oil, diesel and agricultural prices have surged amid geopolitical and trade disruptions, while

SAUDI ARABIA EXPLORES $8 BILLION LOAN AS WAR STRAINS FINANCES Saudi Arabia is in early talks to raise at least $8 billion in fresh loans as the Iran war pressures its economy and finances. Saudi Aramco is also discussing potential borrowing with banks. The kingdom posted a

META COULD OVERTAKE GOOGLE SEARCH IN AD REVENUE Meta is on track to surpass Google Search in advertising revenue by the end of 2026, according to Bernstein. Meta captured nearly half of every incremental digital ad dollar in Q2. Bernstein says AI is accelerating ad growth by

IRAN SOLD ABOUT 90 MILLION BARRELS OF OIL DURING THE IMPLEMENTATION OF INTERIM DEAL- PEZESHKIAN

US OFFICIALS BACKPEDAL ON CLAIMS THAT US AGENCIES WERE HACKED BY CHINESE, NOW SAY THEY WERE MERELY TARGETED

IRAN'S PRESIDENT PEZESHKIAN SAYS IRAN IS READY FOR COOPERATION AND UNDERSTANDING WITH REGIONAL COUNTRIES, INCLUDING SAUDI ARABIA AND THE UAE

HEGSETH EYES SECOND MASS MILITARY SUMMIT Defense Secretary Pete Hegseth is considering calling hundreds of senior military leaders back to Quantico for another major address. Hegseth is expected to outline Pentagon priorities and potentially announce new military directives.

DISNEY $DIS SIGNS GLOBAL POKEMON DISTRIBUTION DEAL FOR DISNEY+ Disney+ announced a global distribution agreement with The Pokemon Company International. Terms were not disclosed. The deal includes a new stop-motion series, "Pokemon Tales: The Misadventures of Sirfetch'd &

US DEFENDS YEN SUPPORT TO PROTECT BORROWING COSTS Treasury Secretary Scott Bessent defended US intervention to support the Japanese yen, warning that extreme volatility could raise American borrowing costs. Japan is the largest foreign holder of US Treasuries, making yen

TRUMP ORDERS CREATION OF US SPACE ACADEMY President Donald Trump signed an executive order Friday to create a US space academy during a visit to NASA’s Johnson Space Center in Houston. The academy will train personnel for the Space Force, NASA and the civilian space industry,

NASDAQ COMPOSITE NEAR SESSION LOWS, LAST DOWN 0.53%

ZELENSKIY SAYS HE WANTS UKRAINE TO LAUNCH 1,000 LONG-RANGE DRONES AT RUSSIA PER DAY

SPOT GOLD EXTENDS LOSSES, LAST DOWN NEARLY 3% AT $4,464.15/OZ

SPOT SILVER FALLS 3% TO $67.09/OZ

SPOT GOLD EXTENDS LOSSES, LAST DOWN NEARLY 2% AT $4,508.99/OZ

U.S. TREASURY EXCHANGED EXISTING EXCHANGE STABILIZATION FUND FOREIGN-CURRENCY ASSETS FOR YEN - BESSENT LETTER TO SENATOR WARREN

YEN WEAKENS TO 160 PER DOLLAR FOR FIRST TIME SINCE JULY 31

CBOE VOLATILITY INDEX HITS TWO WEEK-LOW, LAST DOWN 0.28 POINTS AT 14.23

RUSSIA'S GASOLINE OUTPUT FELL TO ABOUT 70% OF DOMESTIC CONSUMPTION AT THE END OF AUGUST, SOURCES SAY

CITI: TREASURY CAP COULD PRESSURE THE DOLLAR Citi’s Dirk Willer says keeping the 30-year Treasury yield below 5.30% could create downside pressure on the U.S. dollar. Citi has removed its underweight position in Treasuries following Treasury Secretary Scott Bessent’s buyback

TRADERS NOW SEE A SEPTEMBER FED RATE HIKE MORE LIKELY THAN A CONTINUED HOLD

US TWO-YEAR TREASURY YIELDS RISE TO 4.286%, HIGHEST SINCE JULY 31

U.S. STOCK INDEXES MOVE LOWER; S&P 500 DOWN 0.1%, NASDAQ DOWN 0.2%, DOW UP 0.1%

SPOT GOLD EXTENDS LOSSES, FALLS OVER 1% TO $4,551.10/OZ

US TREASURY IMPOSES LIMITS ON EGYPTIAN BANK FOR DOING BUSINESS WITH IRAN- FT US TREASURY DEPARTMENT IS SET TO REVOKE US FINANCIAL ACCESS TO BANQUE MISR’S BRANCHES IN THE UNITED ARAB EMIRATES - FT

WARSH PUTS INFLATION FRONT AND CENTER Fed Chair Kevin Warsh struck a hawkish tone, saying the Fed’s priority must remain price stability. Warsh said summer inflation data improved, but underlying trends have not meaningfully changed. The Fed must be confident inflation is

WARSH: THIS SUMMER'S INFLATION DATA BETTER THAN EXPECTED, BUT DO NOT TELL ME UNDERLYING TRENDS HAVE MEANINGFULLY CHANGED

WARSH: NUMBERS 'MORE CONCERNING' ON PRICE STABILITY

WARSH: CONSUMER SPENDING HEALTHY, LABOR MARKETS STABLE

$CVX - U.S. OIL GIANTS EYE BILLIONS IN VENEZUELA Chevron and other U.S. energy companies are nearing deals to invest billions in Venezuela’s oil sector. Chevron could expand its existing operations by adding two heavy-oil fields to its portfolio. Meanwhile, Halliburton is

$CVX - Chevron Is Close to a Deal to Expand Its Operations in Venezuela, Sources Say

FED’S HAMMACK: LOW-RATE ERA WAS THE EXCEPTION Cleveland Fed President Beth Hammack says the ultra-low rates of 2008–2020 may have been the abnormal period—not today’s higher-rate environment. She expects inflation to finish the year around 3%, above the Fed’s target. Hammack

$PYPL - PAYPAL SHARES FALL 14% AFTER REPORT ADVENT, STRIPE CONSORTIUM TO ABANDON PURSUIT OF CO

🇺🇸 TRUMP’S FRIDAY CALENDAR — AUGUST 28 🔸8:00 AM ET — Executive Time 📍 Houston, Texas 🔸11:00 AM ET — Congressional Space Medal of Honor Presentation 📍 NASA Johnson Space Center 🔸12:00 PM ET — Call with the International Space Station 📍 NASA Johnson Space Center 🔸TBD —

$SPCX - SPACEX’S $100B AI CATALYST ISN’T PRICED IN Morgan Stanley says SpaceX’s planned $100B Louisiana launch complex could unlock major upside that investors are overlooking. The site could significantly expand Starship capacity and support SpaceX’s push into orbital AI

WARSH TAKES CENTER STAGE AT JACKSON HOLE Fed Chair Kevin Warsh delivers his first Jackson Hole keynote today, with markets looking for clarity after July’s confusing press conference. With September policy expectations still finely balanced, investors will watch for any rate

🚨Political Trade Alert🚨 Rep. Jared Moskowitz has released a new financial disclosure. Highlights: $AMAT Applied Materials $1k - $15k Sold: $STE STERIS $1k - $15k $GWW WW Grainger $1k - $15k

FED'S HAMMACK: IT'S TIME FOR FED TO ACT WITH RATE HIKES, WAITING WILL CREATE PAIN

FED'S HAMMACK: INFLATION WILL END YEAR AROUND 3%, NOT MEETING TARGET

TRUMP ADMINISTRATION WORKING ON AI RULE TO CURB CHINA’S REMOTE ACCESS TO CHIPS - THE INFORMATION

IRAN FOREIGN MINISTRY SAYS NEW U.S. ECONOMIC MEASURES AGAINST IRAN AMOUNT TO "STATE TERRORISM", ARE ILLEGAL AND REPREHENSIBLE - STATEMENT

🚨Insider Trade Alert🚨! Insider Ciongoli Gregory Austin has purchased 102,603 shares in $RGNX REGENXBIO Inc. worth $949,381.45 $RGNX current value: $9.37 Market: NASDAQ

FTC IN FINAL STAGES OF POTENTIAL LAWSUIT AGAINST YOUTUBE OVER ACCOUNT SUSPENSIONS The agency has been investigating Alphabet's $GOOGL YouTube since last year over whether it violated consumer protection laws when suspending user accounts, per people familiar with the probe. The

NVIDIA $NVDA PAUSES REVENUE-SHARING DEALS WITH AI CLOUD PROVIDERS The company stepped back from the program last week, less than two months after announcing it, per people familiar with the matter. Some employees told current and potential customers the program could draw

TRUMP: EFFECTIVE SEPTEMBER 2ND, BEN MOSS WILL BECOME ASSISTANT TO PRESIDENT AND WHITE HOUSE STAFF SECRETARY

U.S. TREASURY OFFICIAL: BOND YIELDS WILL FALL AS INFLATION COOLS OVER TIME, TRUMP ADMINISTRATION FOCUSED ON BRINGING LONG BOND YIELDS DOWN

🚨Insider Trade Alert🚨! Insider Cubbage Vincent T. has purchased 50,000 shares in $HYLN Hyliion Holdings Corp. worth $170,000.00 $HYLN current value: $3.41 Market: NYSE American

MARVELL $MRVL GUIDES FY2027 TO ~$12B, FY2028 TO ~$18B On the earnings call, the CEO said the company now expects: - FY2027 revenue: roughly $12B, up approximately 45% year over year - FY2027 data center business: growth of approximately 60% - FY2028 revenue: approximately $18B,

FDA APPROVES PFIZER $PFE AND BIONTECH $BNTX XFG-ADAPTED COVID VACCINE The XFG adaptation follows FDA guidance on matching the vaccine to circulating SARS-CoV-2 strains. Last season's Comirnaty formula targeted the LP.8.1 sublineage and was approved on August 27, 2025. Moderna

IREN $IREN FY26 REVENUE $707M, NET LOSS $702.6M ON IMPAIRMENTS FY26 results: - Revenue: $707.0M vs $740.3M est, miss, up from $501.0M in FY25 - AI Cloud Services revenue: $128.8M, up from $16.4M - Bitcoin Mining revenue: $578.2M, up from $484.6M - Net loss: $702.6M vs net income

GAP $GAP Q2 ADJ EPS $0.52 BEATS, SALES MISS AT $3.65B - Adj EPS: $0.52 vs $0.48 est, beat - Sales: $3.65B vs $3.69B est, miss - Comparable sales: -1% FY guidance: - Adj EPS: $2.35 to $2.45, raised from $2.30 to $2.40, vs $2.34 est - Net sales: up 1% to 1.5%, cut from up 1% to

GE VERNOVA $GEV NAMES RIVIAN CFO CLAIRE MCDONOUGH AS CFO The appointment is effective January 1, 2027. McDonough has been CFO of Rivian $RIVN since before its 2021 IPO and signed the company's Q2 10-Q on July 30. Ken Parks moves to a strategic advisor role and retires in April

PAGERDUTY $PD CUTS ABOUT 15% OF HEADCOUNT The company estimates non-recurring charges of $5.50M to $7.50M tied to the reductions, per an SEC filing. Restructuring charges are expected in Q3 FY2027, with the headcount reductions complete by the end of Q4 FY2027.

ULTA BEAUTY $ULTA Q2 EPS $6.55 BEATS, NET SALES $3.0357B - EPS: $6.55 vs $6.18 est, beat - Net sales: $3.0357B vs $2.962B est, beat FY2026 outlook: net sales growth of 6.7% to 7.2%. The FY2026 stock repurchase plan was increased to $1.80B from $1.50B.

RUBRIK $RBRK GUIDES FY REVENUE $1.685B TO $1.693B FY outlook: - Revenue: $1.685B to $1.693B - Adjusted EPS: $0.47 to $0.53 Q2 results: - Revenue: $427.26M - Gross profit: $335.123M - Operating expenses: $407.025M - EBIT: -$71.902M - Pretax profit: -$56.295M

SENTINELONE $S Q2 REVENUE $292M BEATS, ARR $1.218B - Revenue: $292M vs $290.2M est, beat - Annual recurring revenue: $1.218B - Adjusted gross margin: 77% - Gross margin: 72% - Cash and investments: $813M Q3 outlook: revenue $309M to $311M vs $309.4M est, in line.

MARVELL $MRVL GUIDES Q3 REVENUE $3.15B, ABOVE CONSENSUS Q3 outlook: - Revenue: $3.15B vs $3.034B est, above - Gross margin: 52.9% to 53.9% Q2 results: - Adjusted EPS: $0.94 vs $0.92 est, beat - Revenue: $2.7393B vs $2.711B est, beat - EPS: $0.33 - Net income: $308M - Gross

AUTODESK $ADSK Q2 ADJUSTED EPS $3.30 BEATS, REVENUE $2.046B - Adjusted EPS: $3.30 vs $3.12 est, beat - Revenue: $2.046B vs $2.012B est, beat - EPS: $2.33 - Adjusted operating margin: 41% - Operating margin: 29%

WORKDAY $WDAY Q2 ADJUSTED EPS $2.75 BEATS, REVENUE $2.649B - Adjusted EPS: $2.75 vs $2.61 est, beat - Revenue: $2.649B vs $2.636B est, beat - Adjusted operating income: $824M vs $792.4M est, beat - Subscription revenue: $2.471B - EPS: $2.57 - Operating income: $313M FY

🚨Insider Trade Alert🚨! Chief Accounting Officer Anderson Woodrow D has purchased 1,500 shares in $INDV Indivior Pharmaceuticals, Inc. worth $53,535.00 $INDV current value: $35.30 Market: NASDAQ

FDA APPROVES MODERNA $MRNA 2026-2027 COVID FORMULAS The agency signed off on supplemental biologics license applications for updated versions of Spikevax and mNEXSPIKE, with the vaccines expected to be available in the coming days. The updated Spikevax formula is approved for

IRAN'S SECURITY CHIEF REZAEI, ACCORDING TO INTERPRETER, SAYS ALLEGATIONS OF IRANIAN PLOT TO ASSASSINATE TRUMP'S SON ARE A LIE -AL MANAR TV INTERVIEW

IRAN'S REZAEI SAYS SHIPS WILL TRANSIT THROUGH DESIGNATED CENTRAL CHANNEL IN STRAIT OF HORMUZ IF U.S. MEETS IRAN'S CONDITIONS -AL MANAR TV INTERVIEW

ALTRIA $MO RAISES QUARTERLY DIVIDEND 4.7% TO $1.11 PER SHARE The increase takes the payout from the previous rate of $1.06 per share, set in August 2025. New annualized rate is $4.44 per share. Altria has raised the dividend annually every August for the past five years, and

IRAN'S SECURITY CHIEF REZAEI, ACCORDING TO INTERPRETER, SAYS MEDIATORS ASKED IRAN FOR ITS CONDITIONS TO OPEN HORMUZ AND TEHRAN IS PREPARING LIST -AL MANAR TV INTERVIEW IRAN'S REZAEI SAYS CONDITIONS INCLUDE ENDING WAR IN THE REGION -AL MANAR TV INTERVIEW IRAN'S REZAEI SAYS WE

TRUMP: PUTIN WILL NOT ATTACK NATO TERRITORY

TRUMP SAYS TO RENAME LAKE ONTARIO TO LAKE AMERICA

REZAEI TELLS QATARI FM U.S. MUST TAKE PRACTICAL STEPS TO MEET IRAN'S CONDITIONS BEFORE IRAN MOVES TO REOPEN STRAIT OF HORMUZ

IRAN'S TOP SECURITY OFFICIAL REZAEI WARNS IRAN WOULD STRIKE U.S. MILITARY, ECONOMIC INTERESTS IF U.S. STARTS 'MISCHIEF' AGAINST IRAN DURING MEETING WITH QATARI FM

TRUMP ADMINISTRATION EXECUTIVE ORDER FOR NEW AI REGULATOR STALLS - THE INFORMATION

BITCOIN ETF INFLOWS HIT 10-MONTH HIGH Investors poured $2.5B into spot Bitcoin ETFs over the past seven trading days — the strongest inflow since October. Bitcoin and gold are benefiting from the return of the “debasement trade.” Investors are seeking alternatives to the

CANADA ADDS 50% TARIFFS TO US COPPER WIRE, WOOD CHARCOAL

US PATRIOT STOCKS IN EUROPE HIT CRITICAL LEVELS US Patriot missile inventories in Europe are reportedly “beyond critical” after large transfers and heavy use during the Iran war. Officials warn NATO has limited capacity to counter sustained Russian ballistic-missile attacks.

TRUMP MET WITH ENERGY, EPA AND AGRI SECRETARIES ON WEDNESDAY AND DISCUSSED PENDING APPLICATIONS FOR REFINER EXEMPTIONS FROM U.S. BIOFUEL LAWS -SOURCES TRUMP AND THE AGENCY HEADS DISCUSSED A PLAN TO COMPENSATE BIOFUEL PRODUCERS IN FUTURE YEARS FOR ANY BUSINESS LOST DUE TO REFINER

NVIDIA TO START EMPLOYEE-FUNDED U.S. POLITICAL ACTION COMMITTEE CALLED NVPAC - SOURCE FAMILIAR WITH PLANS

CALIFORNIA ATTORNEY GENERAL ROB BONTA: WE'RE SUING TIKTOK NOW - CNBC INTERVIEW

QATARI FM MEETS IRAN'S TOP NEGOTIATOR QALIBAF IN TEHRAN, STRESSES NEED TO RESUME DIPLOMATIC TRACK -FOREIGN MINISTRY

NVIDIA $NVDA JUMPS 7.1% AT THE OPEN, ADDING $359 BILLION IN VALUE

CBOE VOLATILITY INDEX HITS ONE WEEK-LOW, LAST DOWN 0.17 POINTS AT 15.04

$NVDA - *NVIDIA JUMPS 7.1% AT THE OPEN, ADDING $359 BILLION IN VALUE

MUSK, ALTMAN AND HUANG HEADLINE G20 TECH TALKS Elon Musk, Sam Altman, Jensen Huang and David Sacks will speak at a G20 technology meeting in North Carolina next week. Talks will focus on AI regulation and innovation, with US officials pushing the “Carolina Principles” — a

IRAN'S DEPUTY OIL MINISTER SAYS AROUND 40% OF THE DAMAGED CAPACITY OF THE SOUTH PARS GAS FIELD IS BACK INTO PRODUCTION - FARS NEWS

US TRADE DEFICIT SURGES PAST FORECASTS The US goods-trade deficit widened 17.2% to $118.8B in July, far above the $100.5B forecast and the largest since March 2025. Imports jumped 3.7%, driven by the biggest surge in capital-goods shipments since 1993, including computers and

HORMUZ TENSIONS EASE, OIL FALLS Risk premiums around the Strait of Hormuz are easing after Oman and Iran discussed a temporary shipping corridor and mine-clearing project, Emirates NBD says. Brent crude fell 3.9% to $88.58, reducing concerns over energy-driven inflation. The

IRAN SAYS OIL EXPORTS CONTINUE Iran’s Oil Minister says oil sales have not stopped, despite a decline in volumes. Tehran continues delivering crude to customers in distant markets. The minister declined to provide further details, citing concerns that operational information

US JOBLESS CLAIMS -4K TO 203K IN AUG-22 WK; SURVEY 208K US AUG-15 WEEK CONTINUING CLAIMS -18K TO 1,778,000 US AUG-15 WEEK JOBLESS CLAIMS REVISED TO 207K

LEAVITT: NO NEGOTIATIONS HAPPENING NOW WITH IRAN LEAVITT REITERATES US FOCUSED ON ECONOMIC ISOLATION OF IRAN LEAVITT ON IRAN: NAVAL BLOCKADE STAYS IN EFFECT

WHITE HOUSE ON IRAN: NO NEGOTIATIONS HAPPENING RIGHT NOW -FOX NEWS INTERVIEW WHITE HOUSE ON IRAN: ALL OPTIONS REMAIN ON THE TABLE

FED'S GOOLSBEE: THREE-MONTH INFLATION 'DOESN'T LOOK TERRIBLE'

FED'S GOOLSBEE: BIGGEST SHORT RUN FEAR IS THAT INFLATION IS NOT UNDER CONTROL

UBS SEES COMMODITY OPPORTUNITIES BEYOND OIL UBS sees opportunities across copper, agriculture and gold, arguing commodities offer both returns and inflation protection. Copper should benefit from AI infrastructure and electrification. Wheat and corn are gaining as a

🇺🇸PRESIDENTIAL CALENDAR — THURSDAY, AUGUST 27 🔸8:00 AM ET — Executive Time | White House 🔸10:30 AM ET — Policy Meeting | Oval Office 🔸1:30 PM ET — Signing Time | White House 🔸TBD — Departs White House → Houston, Texas 🔸TBD — Arrives Houston | Ellington Field 🔸6:00 PM CT /

FED'S GOOLSBEE: POLITICAL PRESSURE ON FED 'PUTS ME ON EDGE'

MOSCOW HAS REASON TO BELIEVE THAT FRENCH AND UKRAINIAN SECURITY SERVICES WERE BEHIND RECENT LARGE-SCALE ATTACKS BY MILITANTS IN MALI - RIA

QATAR, IRAN DISCUSS HORMUZ SHIPPING CORRIDOR Qatar and Iran discussed creating a temporary shipping corridor with Oman through the Strait of Hormuz as part of a phased framework. The countries also discussed a joint mine-clearing project in the strategic waterway. The talks

FED'S SCHMID: ENERGY SHOCK IS LEAKING INTO ECONOMY

QATAR, IRAN REVIEWED EFFORTS TO DE-ESCALATE REGIONAL TENSIONS, CREATE CONDITIONS FOR DIALOGUE - QATAR FOREIGN MINISTRY

QATAR, IRAN DISCUSSED PROPOSED PHASED FRAMEWORK THAT INCLUDES CREATION OF TEMPORARY SHIPPING CORRIDOR THROUGH STRAIT OF HORMUZ - QATAR FOREIGN MINISTRY

FED'S SCHMID: INFLATION IS STUBBORN AND STICKY - CNBC

QATAR, IRAN DISCUSSED AGREEMENT TO IMPLEMENT "JOINT PROJECT" TO CLEAR MINES FROM STRAIT OF HORMUZ - QATAR FOREIGN MINISTRY

WARSH FACES FED INDEPENDENCE TEST Markets are focused on Fed Chair Kevin Warsh’s Jackson Hole speech Friday for signs he will defend the central bank’s independence. Investors want evidence Warsh can assert his authority while navigating inflation, fiscal pressures and

$BBY - BEST BUY RAISES FY27 OUTLOOK AFTER STRONG Q2 Results 🔸Adj. EPS: $1.47, up 15% YoY 🔸Revenue: $9.78B, up 3.6% YoY 🔸Comparable Sales: +4.1% 🔸Adj. Operating Margin: 4.3% vs. 3.9% YoY Guidance 🔸FY27 EPS: Raised to $6.70–$6.90 from $6.30–$6.60 🔸FY27 Revenue: Raised to

TRADERS BET ON A BIGGER DOLLAR REBOUND Currency traders are increasing bullish dollar hedges ahead of Fed Chair Kevin Warsh’s Jackson Hole speech Friday. About 57% of dollar options flows this week favor further gains, up from 43% last week. Markets are preparing for a

UKRAINE'S NAFTOGAZ SAYS RUSSIAN ATTACK BADLY DAMAGED THERMAL POWER STATION IN KHERSON, ALL GENERATION CAPACITY LOST

🟢 UPGRADES • $MAC: Upgraded Neutral → Overweight by Piper Sandler; PT raised to $30 from $28 • $SNPS: Upgraded Neutral → Outperform by Baird; PT raised to $560 from $558 • $SQM: Upgraded Neutral → Buy by Citi; PT cut to $95 from $97 • $WAT: Upgraded Neutral → Overweight

OPENAI: EXPANDING OPENAI’S PRESENCE IN BRAZIL

US PROBES SINGAPORE FREIGHT FIRM APEX LOGISTICS OVER ALLEGED NVIDIA CHIP SMUGGLING The Commerce Department's Bureau of Industry and Security is examining whether Apex transported AI systems made by Super Micro $SMCI to China in breach of export controls, people familiar tell

NVIDIA $NVDA CFO SAYS AWS TO DEPLOY 2 MILLION ADDITIONAL GPUS IN 2027-2028 Customer commitments: • Amazon $AMZN Web Services to deploy 2 million additional Nvidia GPUs across its global infrastructure in 2027-2028 • The two will build data centers for the US government

NVIDIA $NVDA IS NOW PROVIDING CREDIT SUPPORT ON UP TO $105 BILLION OF OPENAI’S DATA CENTER LEASE OBLIGATIONS In August 2026 NVIDIA entered guarantees on the land, power and shell buildout to secure roughly 4.25 gigawatts at SB Energy’s PORTS-Pike Technology Campus in Ohio. The

NVIDIA $NVDA TOOK $400M H200 CHARGE IN FIRST HALF ON DIMINISHING DEMAND The charge covers excess inventory and purchase obligations as demand for H200 products fell. H200 is a Hopper-generation part, now being displaced by the Blackwell Ultra ramp that drove data center revenue

🚨Insider Trade Alert🚨! Insider La Force Andrew Hudson III has purchased 20,000 shares in $MAIR Madison Air Solutions Corp worth $556,800.00 $MAIR current value: $27.88 Market: NYSE

NVIDIA $NVDA SUPPLY COMMITMENTS MORE THAN DOUBLE TO $279B, MOSTLY MEMORY The CFO commentary carries several items the headline numbers left out. Supply and capacity commitments rose from $119B last quarter to $279B, primarily for memory procurement. Total future commitments

NVIDIA $NVDA FISCAL Q2 DATA CENTER REVENUE $89B, UP 117%, GUIDES Q3 TO $108B - Data center revenue: $89.0B, +117% YoY, roughly 93% of total - Revenue: $96.221B vs $92.165B est, beat - Adjusted EPS: $2.22 vs $2.10 est, beat - GAAP EPS: $2.46 - Net income: $59.688B - EBIT:

HP $HPQ FISCAL Q3 ADJUSTED EPS BEATS BY $0.14, RAISES FY GUIDANCE ABOVE ESTIMATES - Adjusted EPS: $0.83 vs $0.69 est, beat - Adjusted net income: $770M vs $610M est, beat - GAAP EPS: $0.71, net income $660M - Income from operations: $892M - Free cash flow: $1.57B Q4 guidance:

VEEVA $VEEV FISCAL Q2 BEATS ACROSS THE BOARD - Revenue: $928.0M vs $905.3M est, beat - Adjusted EPS: $2.35 vs $2.22 est, beat - Adjusted operating income: $415.9M vs $394.9M est, beat - Adjusted net income: $387.4M vs $364.5M est, beat - GAAP EPS: $1.66, net income $273.4M Q3

URBAN OUTFITTERS $URBN FISCAL Q2 SALES BEAT AT $1.66B - Sales: $1.6619B vs $1.635B est, beat - GAAP EPS: $2.78 - Adjusted EPS: $1.72 - Net income: $240.7M - Operating income: $288.7M, gross profit $721.6M - Pretax profit: $298.5M

US ARMY SELECTS BWXT $BWXT ADVANCED NUCLEAR REACTOR FOR JANUS PROGRAM The Army chose the BWXT Advanced Nuclear Reactor, or BANR, a high-temperature gas-cooled microreactor design.

SALESFORCE $CRM AND ANTHROPIC ANNOUNCE CLAUDEFORCE Salesforce in Claude is available to pilot customers now, with open beta expected in September. Anthropic is privately held. The announcement lands alongside Salesforce's fiscal Q2 results.

CROWDSTRIKE $CRWD FISCAL Q2 REVENUE BEATS, RAISES FY GUIDANCE AND ARR OUTLOOK - Revenue: $1.4709B vs $1.440B est, beat - Adjusted EPS: $0.31 - Free cash flow: $377M - Gross profit: $1.0969B - GAAP net income: $5.3M The company raised FY27 net new ARR growth guidance to 34% at

OKTA $OKTA FISCAL Q2 REVENUE AND ADJUSTED EPS BEAT - Revenue: $805M vs $795M est, beat - Adjusted EPS: $1.05 vs $0.97 est, beat - Subscription revenue: $793M - GAAP EPS: $0.65, net income $116M Q3 guidance: revenue $813M-$817M, adjusted EPS $0.92-$0.94. FY guidance: revenue

SALESFORCE $CRM FISCAL Q2 ADJUSTED EPS $5.90, RAISES FY GUIDANCE - Adjusted EPS: $5.90 vs $3.27 est - GAAP EPS: $4.29 - Adjusted operating margin: 34.1%, operating margin 20.5% Q3 guidance: revenue $11.42B-$11.50B vs $11.407B est, adjusted EPS $3.42-$3.44 vs $3.38 est, both

*ANTHROPIC TO LEASE NSCALE DATA CENTER FOR $45 BILLION

$NVDA$NVDA $NVDA - NVIDIA FACES $110 BILLION WHISPER BAR Wall Street expects Nvidia to deliver another strong quarter, but unofficial “whisper numbers” are well above consensus. Q2 revenue is officially expected at $92.3 billion, while traders see Q3 guidance potentially

WHITE HOUSE TO ANNOUNCE NEW DRUG PRICING DEALS WITH BIOTECHS

$AAPL - APPLE TO HOLD NEW IPHONE LAUNCH EVENT ON SEPT. 9TH

🇷🇺🇺🇦 RUSSIA WEIGHS ESCALATION AS UKRAINE TALKS COLLAPSE Russia is considering intensifying missile attacks on Kyiv and Ukrainian infrastructure as the Kremlin concludes peace negotiations have reached a dead end, according to people close to Moscow. Both sides have stepped up

IRAN IS STILL IN WARTIME SITUATION, ITS NUCLEAR SITES HAVE NOT BEEN SECURED FOR INSPECTIONS - IRANIAN NUCLEAR CHIEF ESLAMI TELLS STATE MEDIA

BANKS THAT FOUGHT STABLECOINS ARE NOW CONSIDERING LAUNCHING THEIR OWN More than a dozen institutions including Bank of America $BAC, Wells Fargo $WFC and Santander $SAN are moving forward on a global stablecoin venture, starting with the dollar and then the euro, per the WSJ.

JPMORGAN CHASE RECENTLY EVALUATED PURSUING ITS OWN STABLECOIN: WSJ

Banks Moving Forward With Global Stablecoin Consortium, Sources Say

IRAN, RUSSIA ADVANCE MAJOR GAS PROJECT Iran and Russia held constructive talks with Gazprom on implementing their strategic gas cooperation agreement. The project would deliver Russian natural gas to Iran through Azerbaijan, with supplies received at Astara. Iran says the

U.S. JUSTICE DEPARTMENT SAYS IT AND FBI SEIZE PLATFORMS OPERATED AND USED BY CHINA STATE-SPONSORED HACKERS TO TARGET U.S. CRITICAL INFRASTRUCTURE US SAYS IT HAS DISRUPTED CHINESE HACKERS THAT BROKE INTO NASA, FEDERAL RESERVE, NIH, AND U.S. SENATE

$META - META LEGAL RISK EASES, EVERCORE STAYS BULLISH Evercore ISI reiterated Outperform on Meta with an $860 price target after the company settled a major youth-safety lawsuit. Meta will pay at least $11.66 billion, potentially rising to $16.68 billion. Evercore says the

PCE SUPPORTS FED HOLD FOR NOW Capital Economics says July’s core PCE increase is unlikely to trigger a Fed rate hike in September. However, with annual core inflation at 3.3% and economic growth remaining resilient, the firm believes higher rates may eventually be necessary.

WITKOFF, KUSHNER HEAD TO CENTCOM White House envoys Steve Witkoff and Jared Kushner are visiting US Central Command in Tampa for briefings on the situation on the ground. Both officials have been leading US negotiations with Iran, according to a source familiar with the matter.

TRUMP: TIME TO TEACH CANADA YOU CAN'T DO THIS ANYMORE

TRUMP: WILL LOOK AT REGULATIONS FOR BEEF PROCESSING PLANTS

*TRUMP: A LOT OF OIL IS POURING OUT OF HORMUZ *TRUMP: STRAIGHT OF HORMUZ IS FUNCTIONING *TRUMP: 10M BARRELS OF OIL LEFT HORMUZ YESTERDAY

*TRUMP: PRICES ARE COMING DOWN

AMAZE HOLDINGS $AMZE TARGETS 40% CUT IN OPERATING EXPENSES - Technology and hosting costs: 75% reduction targeted - Organizational costs: 50% net reduction, with a 25% headcount cut already completed - Overhead costs: 10% reduction targeted The company expects its platform

TRUMP: DON'T THINK IRAN'S LEADER IS DEAD -THE GLENN BECK PROGRAM

TRUMP: SOMETHING MAY COME OUT OF CIA DIRECTOR VISIT TO RUSSIA

🚨Political Trade Alert🚨 Sen. Kelly Morrison has released a new financial disclosure. Highlights: (All Sells) $ACN Accenture $17k - $80k $MBGL Mobility Global $3k - $45k $SOLS Solstice Advanced Materials $1k - $15k

🚨Political Trade Alert🚨 Rep. Michael Rulli has released a new financial disclosure. Highlights: Sold: $GOOGL $50k - $100k

GOPRO $GPRO OPENS PRE-ORDERS FOR MISSION 1 PRO ILS CAMERA Pre-orders start today at gopro .com for $699.99, or $599.99 for existing GoPro subscribers. The camera reaches retailers in September.

$META - STATES, META AGREE TO SETTLE CLAIMS THAT PLATFORMS HARMED CHILDREN -- COURT FILING

SENIOR IRANIAN SOURCE TO REUTERS: AN AGREEMENT WITH OMAN OVER THE STRAIT OF HORMUZ HAS NOT YET BEEN FINALISED

SECRET SERVICE PROBES IRANIAN THREAT TO BARRON TRUMP The US Secret Service says it is investigating an Iranian state media video appearing to threaten Barron Trump, President Trump’s youngest son. The agency said it investigates any perceived threats against its protectees but

ROKU $ROKU AND NWSL EXPAND PARTNERSHIP WITH SUNDAY NIGHT STREAMING PACKAGE Matches stream free on the Roku Sports Channel starting August 30, with the expanded Sunday night package arriving in 2027.

SPOT GOLD EXTENDS LOSSES FURTHER, DOWN NEARLY 1% AT $4,613.10/OZ

🇺🇸US DATA RUNS HOT: INFLATION STICKY, DEMAND FIRM INFLATION • Headline PCE MoM: +0.2% vs +0.1% est.; prior -0.1% • Headline PCE YoY: +3.7% vs +3.6% est.; prior +3.7% • Core PCE MoM: +0.2% vs +0.2% est.; prior +0.1% • Core PCE YoY: +3.3% vs +3.3% est.; prior +3.3% GDP •

*US JULY PCE PRICE INDEX RISES 0.2% M/M; EST. +0.1% *US JULY PCE PRICE INDEX RISES 3.7% Y/Y; EST. +3.6% *US JULY CORE PCE PRICE INDEX RISES 0.2% M/M; EST. +0.2% *US JULY CORE PCE PRICE INDEX RISES 3.3% Y/Y; EST. +3.3%

WM $WM NAMES JOHN MORRIS CEO AS JIM FISH RETIRES Morris takes over as president and CEO effective January 4, 2027. He was named president in May 2025 and has spent more than 30 years in the industry, previously serving as chief operating officer. Fish joined WM in 2001 and

US PRELIM Q2 GDP +1.5% (CONSENSUS +1.5%)

📉 PRICE TARGET CUT • $APP: PT cut to $475 from $500 by Needham • $CHWY: PT cut to $37 from $42 by Morgan Stanley • $CPRT: PT cut to $25 from $26 by Barclays • $DKS: PT cut to $150 from $280 by Barclays; PT cut to $180 from $300 by BTIG; PT cut to $205 from $260 by D.A.

📈 PRICE TARGET RAISED • $AFRM: PT raised to $80 from $79 by Morgan Stanley • $AMR: PT raised to $195 from $160 by Jefferies • $BOX: PT raised to $40 from $37 by Citigroup; PT raised to $50 from $45 by D.A. Davidson; PT raised to $40 from $32 by Raymond James • $CAKE: PT

REUTERS POLL-S&P 500 TO END 2026 AT 7,900 (7,620 IN MAY POLL) REUTERS POLL-DOW JONES INDUSTRIAL AVERAGE TO END 2026 AT 54,500 (52,500 IN MAY POLL)

IRAN CLAIMS WAR-DAMAGED WEAPONS FULLY REBUILT Iran’s army says all weapons systems damaged during the war with the US and Israel have been rebuilt. A military spokesperson said Iran has also added new domestically produced and imported systems, boosting its combat capabilities.

*IRGC SAYS IRAN, OMAN AGREED ON SHARE OF HORMUZ REVENUES

GERMAN INERIOR MINISTER: GERMANY IS UNDER THREAT BY FOREIGN POWERS, AND I STRESS THE PLURAL

🟢 UPGRADES • $DTM: Upgraded Peerperform → Outperform by Wolfe Research; PT $145 • $ARGX: Upgraded Neutral → Buy by UBS; PT raised to $1,400 from $960 • $NEOG: Upgraded Neutral → Overweight by Piper Sandler; PT raised to $14 from $13 • $SEDG: Upgraded Neutral → Buy by

BITCOIN COULD HIT $300,000 BY 2029 Bernstein predicts Bitcoin could recover to a new record of $150,000 by mid-2027 before reaching $300,000 by 2029. The firm expects rising government debt and currency debasement to boost demand for scarce assets like Bitcoin. Bernstein also

$NVDA - NVIDIA’S $200 BILLION RISK IN FOCUS Wall Street is looking beyond Nvidia’s expected blockbuster Q2 earnings to a potential $200 billion in AI-related credit exposure by 2028. Investors want clarity on Nvidia’s off-balance-sheet commitments tied to AI infrastructure

$SPCX - SPACEX WIRELESS PLANS COULD BOOST T-MOBILE Bank of America says SpaceX’s wireless ambitions could benefit T-Mobile, tower companies and spectrum values. Building a competitive nationwide network would require massive investment, more spectrum and years of

PCE INFLATION TAKES CENTER STAGE The Fed’s preferred inflation gauge is due at 8:30 a.m. ET, offering a fresh look at US price pressures. Headline PCE inflation is expected to ease to 3.6%, while core inflation is forecast to remain at 3.3%. The data could shape rate

DEUTSCHE BANK SHARES HIT HIGHEST SINCE JULY 2011, UP 4.5%

META $META AND STATE AGS HAVE DISCUSSED SETTLING TEEN SOCIAL MEDIA CASE MID-TRIAL People familiar tell Bloomberg the talks are underway with the trial in its second week in Oakland federal court. Meta had no immediate comment, California's attorney general's office declined to

RUBIO HAS TOLD SEVERAL OF HIS FOREIGN COUNTERPARTS IN RECENT DAYS THAT "FOR TIME BEING" U.S. IS NOT EXPECTED TO INITIATE NEW STRIKES AGAINST IRAN -AXIOS

IF U.S. GOES AHEAD WITH ITS NEW SANCTIONS AGAINST IRAN, IRAN WILL DIVULGE NEW MEASURES AGAINST U.S. INTERESTS - GHARIBABADI

IRAN TOLD NEGOTIATORS THAT US MUST CORRECT ITS ERRORS AND RETURN TO ITS COMMITMENTS  IF IT WANTS A REOPENING OF THE STRAIT OF HORMUZ - IRANIAN DEPUTY FOREIGN MINISTER GHARIBABADI TELLS STATE TV

BRENT, US CRUDE FUTURES EXTEND LOSSES, DOWN MORE THAN A $1 IN POST-SETTLEMENT TRADE

SEMTECH $SMTC FISCAL Q2 SALES AND ADJUSTED EPS BEAT - Sales: $341.9M vs $328.6M est, beat - Adjusted EPS: $0.71 vs $0.61 est, beat - GAAP EPS: $1.59 - Adjusted gross margin: 54.5%

NCINO $NCNO Q2 REVENUE AND ADJUSTED OPERATING INCOME BEAT - Revenue: $161.0M vs $159.2M est, beat - Adjusted operating income: $40.8M vs $36.9M est, beat - Subscription revenue: $143.5M - Adjusted operating margin: 25%, operating margin 8% - Gross margin: 63%

ZOOM $ZM Q2 REVENUE BEATS, RAISES FY ADJUSTED EPS GUIDANCE ABOVE ESTIMATES - Revenue: $1.2772B vs $1.269B est, beat - Adjusted operating margin: 40% - Operating margin: 24.6% FY guidance: revenue $5.085B-$5.095B vs $5.090B est, adjusted EPS $6.08-$6.12 vs $6.04 est, free cash

BOX $BOX Q2 REVENUE EDGES PAST ESTIMATES, FY REVENUE GUIDANCE ABOVE - Revenue: $321.1M vs $319.3M est, beat - Adjusted operating income: $94.5M FY guidance: revenue $1.290B vs $1.281B est, above consensus. FY adjusted EPS guidance of $0.09 appears to be presented on a new basis

$ZM - ZOOM POSTS SOLID Q2, RAISES FY27 OUTLOOK Results Adj. EPS: $1.55; GAAP EPS $5.15 Revenue: $1.277B, up 4.9% YoY Enterprise Revenue: $787.5M, up 7.8% YoY Non-GAAP Operating Margin: 40.0% FCF: $472.4M Enterprise NDR: 99% Guidance Q3 Revenue: $1.275B–$1.280B Q3 Adj. EPS:

$INTU - INTUIT GUIDANCE MISSES AS GROWTH SLOWS Results Q4 Revenue: $4.35B vs. $4.27B est., up 13.6% YoY FY27 Guidance Revenue: $23.28B–$23.51B vs. $23.72B est.; growth slows to 9%–10% Adj. EPS: $22.88–$23.12 vs. $27.32 est. TurboTax Revenue: +2%–3% vs. +7% in FY26 Mailchimp

INTUIT $INTU FISCAL Q4 REVENUE AND ADJUSTED EPS BEAT - Revenue: $4.354B vs $4.268B est, beat - Adjusted EPS: $4.03 vs $3.58 est, beat - GAAP EPS: $1.34, net income $363M - GAAP operating income: $475M - Dividend: $1.38 per share FY2027 guidance: revenue $23.28B-$23.51B vs

U.S.-IRAN CEASEFIRE REPORTEDLY NEARS The U.S. and Iran have reportedly reached a ceasefire agreement, with an announcement expected in the coming days, RIA Novosti reported, citing Pakistani and Iranian military sources. The reported deal includes free navigation through the

ECB SET FOR SEPTEMBER RATE HIKE ECB policymakers are prepared to raise rates by 25 basis points to 2.50% in September, Reuters reports, as the Iran war keeps energy prices and inflation elevated. Euro-zone inflation is near 3%, while economic activity remains resilient.

ECB POLICYMAKERS READY TO RAISE RATES IN SEPT TO STEM SIDE EFFECTS OF IRAN WAR - SOURCES ECB POLICYMAKERS HAVE LITTLE APPETITE TO SIGNAL FURTHER TIGHTENING - SOURCES

OPENAI'S HEAD OF DATA CENTERS CHRIS MALONE HAS LEFT THE COMPANY Malone departed last week, people familiar tell the WSJ. He joined in March 2025, shortly after OpenAI announced Stargate with Oracle $ORCL and SoftBank. The exit follows recent departures of Chief Revenue Officer

OPENAI DATA CENTER CHIEF EXITS AMID LEADERSHIP SHAKEUP OpenAI’s head of data centers, Chris Malone, left the company last week, adding to a series of senior departures ahead of a planned 2027 IPO. The exit comes as OpenAI ramps up infrastructure investment, projecting roughly

OPENAI HEAD OF DATA CENTERS CHRIS MALONE HAS LEFT COMPANY, SOURCES SAY

IRAN'S FOREIGN MINISTER SAYS PROPOSED FRAMEWORK FOR NEW CORRIDOR, JOINT MINE-CLEARING, AND FUTURE MANAGEMENT OF HORMUZ IS CASE IN POINT

IRAN'S FOREIGN MINISTER SAYS IN TALKS WITH PAKISTANI AND OMANI GUESTS, REGIONAL SOLUTIONS WERE STRESSED

IRAN'S FOREIGN MINISTER SAYS IRAN’S COMMITMENT TO PEACE AND STABILITY IS MATCHED BY STEADFAST DIPLOMACY WITH OUR NEIGHBORS

U.S. CRUDE OIL FUTURES SETTLE AT $82.36/BBL, DOWN $2.65, 3.12 PCT

BESSENT SAYS IRAN IS “PANICKING” OVER U.S. SANCTIONS Treasury Secretary Scott Bessent says Iran’s leadership is showing signs of panic as U.S. economic pressure intensifies. Bessent cited recent comments from Iranian leaders seeking an end to the war as evidence sanctions are

FOUR OF 12 FED BANKS VOTED TO INCREASE DISCOUNT RATE IN JULY, FED MINUTES SHOW

IMF WARNS OIL, DEBT RISKS STILL THREATEN OUTLOOK IMF chief Kristalina Georgieva says the global economy has weathered the Iran energy shock better than feared, helped by AI investment and increased non-Gulf energy supply. However, renewed oil price gains could fuel inflation

DOLLY PARTON HAS PASSED AWAY -FAMILY STATEMENT ON SOCIAL MEDIA

SLB $SLB CONTRACT GIVES IT ACCESS TO VENEZUELA'S OILFIELD DATA, SOURCES SAY The deal signed last week with state-run PDVSA covers reservoir characterization through real-time crude production, and will let SLB organize and modernize the databases using new technology including

JAPAN EYES BLOCKCHAIN FOR REAL-TIME MARKET SETTLEMENT Japan plans to trial real-time stock and bond settlements using blockchain technology, according to Nikkei. The FSA, Finance Ministry, Bank of Japan and financial institutions will launch a study group this summer. A

$SPCX - SPACEX TO BUILD NEW STARSHIP LAUNCH SITE IN SOUTHERN LOUISIANA, COMPANY SAYS AT LOUISIANA EVENT

$BE up 11% and $INTC up 3% from yesterday’s Pelosi disclosure. We try to get those 🚨Political Trade Alerts 🚨 posted ASAP for you all everyday

ANTHROPIC EYES $30 TRILLION AI MARKET Anthropic is expected to tell IPO investors its total addressable market exceeds $30 trillion, potentially surpassing SpaceX’s $28.5 trillion estimate. The Claude maker is reportedly considering raising up to $100 billion at a valuation

ANTHROPIC EXPECTED TO TELL INVESTORS IT SEES A MORE THAN $30T TOTAL ADDRESSABLE MARKET, SOURCES SAY SPACEX HAD IDENTIFIED A $28.5T TAM, WHICH IT CALLED 'THE LARGEST ACTIONABLE' IN HISTORY

CIA CHIEF MAKES SURPRISE MOSCOW VISIT CIA Director John Ratcliffe made an unannounced trip to Moscow Tuesday, his first publicly known visit to the Russian capital. The purpose remains unclear, but analysts say discussions could involve Ukraine, Iran and Russia’s military

OMAN, IRAN PROPOSE TEMPORARY HORMUZ SHIPPING CORRIDOR Oman and Iran discussed a phased framework to restore safe navigation through the Strait of Hormuz, according to Oman’s Foreign Ministry. The proposal includes a temporary joint shipping corridor and a joint operation to

CANADA HITS BACK WITH 50% U.S. TARIFFS Canada plans 15%-50% tariffs on roughly $20 billion of U.S. goods starting Sept. 8, escalating its trade dispute with Washington. Targets include steel, aluminum, motorcycles, appliances and food products, with metals tariffs doubling to

NVIDIA $NVDA ANNOUNCES JETSON ORIN NANO 2 ROBOTICS COMPUTER

*CANADA PUTS 15% TO 50% TARIFFS ON ABOUT $20B OF US PRODUCTS

$AAPL - APPLE GETS $365 TARGET AS AI MAC PUSH EXPANDS Evercore ISI reiterated Outperform on Apple with a $365 price target, following its refreshed Mac mini launch. The new M6 and M5 Pro models feature major AI and performance upgrades, alongside higher starting prices of $899

TRUMP SAYS STRAIT OF HORMUZ MINES CLEARED President Trump says the U.S. Navy has removed or detonated all mines in international waters of the Strait of Hormuz. Trump warned Iran that any vessel placing new mines will be “immediately and systematically destroyed.” He added

UNITED AIRLINES $UAL CEO SEES GRADUAL AIRFARE INCREASES IN FIRST HALF OF 2027 Scott Kirby says the increases will be smaller than in 2026 and calls travel demand "very, very strong across the board." On aircraft, he says supply-chain problems have been "even bigger than we

U.S.-CANADA TRADE TENSIONS THREATEN GROWTH UBS warns escalating U.S.-Canada trade tensions could undermine Canada’s economic recovery by weakening business confidence, consumer spending and investment. The bank cut its 2026 Canada GDP growth forecast to 0.9% from 1.0%. While

COLLINS: APPROPRIATE TO RAISE INTEREST RATES "SOON" ABSENT EVIDENCE OF SUSTAINED DISINFLATION

CIA DIRECTOR JOHN RATCLIFFE TRAVELED TO RUSSIA -CBS REPORTER ON X

Trump on Truth Social: 'Over the Last 10 Years, the United States Lost, on Average, 60 Billion Dollars a Year With Canada'

*WHITE HOUSE SAYS NO IRAN TALKS UNDERWAY OR SCHEDULED

OPENAI’S JALAPENO CHIP OUTPACES NVIDIA IN TESTS OpenAI says its new Jalapeno AI chip beat Nvidia’s GB300 in power efficiency and response speed during testing. Developed with Broadcom, Jalapeno targets AI inference and could lower data-center costs while handling large models.

$MSFT $NVDA - OPENAI CLAIMS ITS NEW CHIPS CAN OUTPERFORM NVIDIA PROCESSORS IN TESTS

BOSTON FED'S COLLINS: INFLATION IS STILL TOO HIGH, CONCERNED ABOUT THE PRICE STABILITY PART OF THE FED'S MANDATE

US NEW HOME SALES SLUMP 10.5% IN JULY US single-family new home sales fell 10.5% in July to an annualized 607,000 units, below the 620,000 expected. Supply rose sharply to 9.6 months, from 8.5 months in June. Homes for sale increased to 488,000, from 479,000. The median sale

US AUG CONSUMER CONFIDENCE INDEX 89.4 (CONSENSUS 90.1) VS JULY REVISED 90.2 (PREVIOUS 90.8) - CONFERENCE BOARD

TRUMP ESCALATES ATTACK ON CANADA OVER TRADE President Donald Trump accused Canada of unfair trade practices, claiming tariffs exceeding 400% on U.S. farmers have hurt American businesses. Trump also criticized Canada over its past refusal to certify Gulfstream jets, alleging it

SPOT GOLD FALLS NEARLY 1% TO $4,605.68/OZ

TRUMP ORDERS CUTS TO U.S.-SOUTH KOREA MILITARY DRILLS President Donald Trump said he instructed Pete Hegseth to substantially reduce joint military exercises with South Korea, calling them costly and an inappropriate signal toward North Korea. Trump cited his relationship with

IRAN SETS HORMUZ CONDITIONS THROUGH PAKISTAN A source close to Iran’s negotiating team told Tasnim that Pakistan’s army chief Asim Munir carried no U.S. threat during his visit and instead sought to reopen negotiations. Iran reportedly outlined its Strait of Hormuz conditions,

🚨Political Trade Alert🚨 Sen. John Boozman has released a new financial disclosure. Highlights: (All Sells) $CRM Salesforce $1k - $15k $FISV Fiserv $1k - $15k $LLY Eli Lilly & Co. $1k - $15k $TPYP Tortoise Pipeline Fund $1k - $15k

APPLE $AAPL LAUNCHES NEW MAC STUDIO AND MAC MINI Mac Studio: - M5 Max: from $2,499, $2,299 for education - M5 Ultra: from $5,499, $5,099 for education - Leasing from $48.99/mo for M5 Max and $110.10/mo for M5 Ultra over 36 months - Pre-orders today, in stores September 22 Mac

U.S. HOME PRICES BEAT EXPECTATIONS IN JUNE U.S. 20-city home prices rose 0.2% month-over-month in June, above the 0.1% consensus and matching May. Prices increased 2.1% year-over-year, accelerating from 1.6% in May and beating expectations of 1.7%. On a non-seasonally adjusted

$AAPL - APPLE INTRODUCES M6 AND M5 ULTRA FOR A BIG LEAP IN PERFORMANCE AND AI COMPUTE APPLE - LAUNCHES FIRST 2 NM CHIP M6 AND QUAD-DIE M5 ULTRA

🚨Insider Trade Alert🚨! Insider Tsai Joseph C has purchased 720,000 shares in $BABA Alibaba Group Holding Ltd worth $10,418,400.00 $BABA current value: $118.47 Market: NYSE

🔵 COVERAGE • $WMS: Coverage initiated at Buy by D.A. Davidson; PT $190 • $AMRZ: Coverage initiated at Neutral by D.A. Davidson; PT $50 • $APMD: Coverage initiated at Buy by BofA Global Research; PT $41 • $AWI: Coverage initiated at Buy by D.A. Davidson; PT $215 • $CSL:

📈 PRICE TARGET RAISED • $ACAD: PT raised to $38 from $37 by Deutsche Bank • $BKR: PT raised to $76 from $71 by RBC • $CHYM: PT raised to $39 from $33 by Wells Fargo • $DNLI: PT raised to $35 from $30 by B. Riley • $FIVE: PT raised to $273 from $265 by Truist Securities •

CANADIAN MINISTER LEBLANC WHEN ASKED IF GOVERNMENT WILL ANNOUNCE RETALIATORY TARIFFS TUESDAY : I THINK THAT'S GOVERNMENT'S INTENTION-CNBC INTERVIEW

$SPCX - JPMORGAN BULLISH ON SPACEX AS GROK MOMENTUM BUILDS JPMorgan reiterated an Overweight rating and $240 price target on SpaceX, citing growing confidence in Grok’s AI prospects. The firm highlighted SpaceX’s acquisition of Cursor, which reportedly generates around $4

RUSSIA MAY EXTEND DIESEL EXPORT BAN INTO SEPTEMBER, THREE SOURCES SAY

RICHTECH ROBOTICS $RR APPROVES $12M STOCK REPURCHASE PROGRAM The buyback covers Class B common stock.

SUPERX $SUPX SECURES $38.8M NVIDIA B300 SERVER ORDER FROM WOODMAN The order marks an expansion into Japan's AI infrastructure market, with delivery scheduled by mid-November 2026. SuperX received about a 20% advance payment as of August 20. The servers run Nvidia $NVDA B300

CISCO $CSCO TO OFFER SUPERMICRO COMPUTE SOLUTIONS WITH NVIDIA $NVDA IN OCTOBER 2026

MCKESSON $MCK TO ACQUIRE PRECISION MEDICINE GROUP FOR ABOUT $2.25B Precision Medicine Group will report within McKesson's Oncology & Multispecialty segment after close. The target is privately held.

TRUMP DENIES SEEKING CHANGES TO CANADA’S FRENCH RULES President Donald Trump denied claims that Washington pressured Canada to weaken its French-language protections, calling Prime Minister Mark Carney’s allegation a “lie.” Trump said he would “never interfere with Canadians

GOOGLE CLOUD LAUNCHES GEMINI ENTERPRISE FOR LEGAL The legal-specific version of its Gemini Enterprise agentic platform. Google is a unit of Alphabet $GOOGL.

🟢 UPGRADES • $AMD: Upgraded Outperform → Strong Buy by Raymond James; PT raised to $641 from $565 • $DT: Upgraded Equalweight → Overweight by Morgan Stanley; PT raised to $65 from $58 • $SMMT: Upgraded Underperform → Market Perform by Bernstein SocGen Group; PT raised to

🇺🇸 TRUMP — TUESDAY, AUGUST 25 🔸8:00 AM — Executive Time 🔸9:00 AM — In-Town Pool Call Time 🔸12:30 PM — Policy Meeting 🔸2:00 PM — Pre-Tape Interview 🔸3:00 PM — Policy Meeting 🔸4:00 PM — Signing Time

BESSENT’S BOND GAMBIT COULD TRIGGER SHORT SQUEEZE Treasury yields surged, with the 30-year hitting 5.34%, while CTA funds remain heavily short Treasurys. Bessent’s expanded bond buybacks could potentially trigger forced short-covering, driving yields sharply lower. Goldman

$TSLA - TESLA HIKES CYBERTRUCK PRICES BY $5,000 Tesla raised U.S. prices for two Cybertruck versions by $5,000. The dual-motor model now costs $74,990, while the all-wheel-drive version rises to $84,990. The increase comes as Cybertruck faces demand concerns, recalls and

TRUMP WARNS OF IRAN “HUMANITARIAN CRISIS” President Donald Trump accused Iran’s government of failing to pay large parts of its military while killing protesters and civilians. Trump called the situation a “humanitarian crisis of epic proportions” and demanded it be stopped

*TRUMP: IRAN HUMANITARIAN CRISIS MUST BE STOPPED NOW

TRUMP CONSIDERS RENAMING LAKE ONTARIO “LAKE AMERICA” President Donald Trump said the U.S. is seriously considering renaming Lake Ontario to “Lake America,” citing expectations of reduced business with Ontario. The statement comes amid heightened U.S.-Canada trade tensions.

*TRUMP: CONSIDERING RENAMING LAKE ONTARIO TO LAKE AMERICA

DRUCKENMILLER BLASTS BESSENT’S BOND INTERVENTION Hedge-fund veteran Stanley Druckenmiller criticized Treasury Secretary Scott Bessent’s plan to buy long-term Treasurys to lower yields, calling it a “mistake.” He argues rising borrowing costs reflect deeper problems: persistent

$MSTR - CANACCORD BOOSTS STRATEGY TARGET TO $175 Canaccord raised its Strategy price target to $175 from $130, maintaining a Buy rating. The firm sees a stronger investment setup driven by an improved balance sheet, recovering preferred shares and favorable macro conditions for

🇯🇵 JAPAN DEBT COSTS TO HIT RECORD $230 BILLION Japan’s Finance Ministry expects debt-servicing costs to surge 17% to a record ¥36.6 trillion ($230 billion) next fiscal year. The increase reflects rising bond yields and higher interest rates, with ¥16.6 trillion allocated to

🚨Insider Trade Alert🚨! Insider Hayden Michael R has purchased 53,613 shares in $ABCL AbCellera Biologics Inc. worth $570,442.32 $ABCL current value: $10.61 Market: NASDAQ

The Bio Science 🚨Insider Trade Alerts🚨 have been exploding lately $PLSE +155% since we called it out Anyone else follow along?

*SEC SUBPOENAS BANKS FOR DETAILS ON SITUATIONAL AWARENESS: NYT

🚨Insider Trade Alert🚨! Insider Geveden Rex D has purchased 5,000 shares in $TTMI TTM TECHNOLOGIES INC worth $524,500.00 $TTMI current value: $107.69 Market: NASDAQ

$NVDA - *NVIDIA FALLS FOR 7TH DAY, LONGEST LOSING STREAK SINCE 2022

$NVDA - NVIDIA DIPS IN VOLUME SPIKE, LAST OFF 3.2%

CARNEY: CANADA WILL COME TO NEGOTIATING TABLE WHEN U.S. HAS RIGHT ATTITUDE TOWARD OUR INDUSTRY

BESSENT: WE HAVEN'T BOUGHT A SINGLE BOND YET, NEXT OPERATION IS SEPT 9

BESSENT: I EXPECT A MAJOR FINANCIAL INSTITUTION TO BE SANCTIONED THIS WEEK

BESSENT: YOU WILL SEE A MAJOR FINANCIAL INSTITUTION BEING SANCTIONED BY THE END OF THIS WEEK OVER IRAN

BESSENT: TRYING TO BUY IRAN'S APPEASEMENT WILL NO LONGER WORK

BESSENT: EVERY COUNTRY SHOULD BE PREPARED TO FACE U.S. SANCTIONS IF THEY SUPPORT IRAN

BESSENT: WILL NOT SET SPECIFIC TIMELINES FOR CUTTING IRAN TIES, WE DON'T HAVE INFINITE PATIENCE

*BESSENT ON CHINA-IRAN: NO ONE IS ABOVE REACH OF US SANCTIONS

BESSENT: NO ONE IS ABOVE THE REACH OF U.S. SANCTIONS

CANADA PM CARNEY: 'TAKING NOTE' OF TRUMP'S 50% AUTOMOBILE TARIFF THREAT

CANADA PM CARNEY: TRUMP WANTS TO DESTROY OUR KEY INDUSTRIES GIVEN HIS NEGOTIATING TERMS

*BESSENT: WILL END DOLLAR ACCESS TO THOSE LAUNDERING IRAN MONEY

🚨 BESSENT: ANY COUNTRY WHO HELPS IRAN WILL BE REMOVED FROM US DOLLAR SYSTEM

BESSENT: COUNTRIES WHO STICK WITH IRAN WILL BE ISOLATED ALONGSIDE THEM

BESSENT: TRUMP IS MAKING PHONE CALLS TO WORLD LEADERS TO CUT ECONOMIC TIES WITH IRAN

VANCE: CANADA TRADE TALKS CONTINUE Vice President JD Vance said US-Canada trade negotiations remain ongoing, but accused Ottawa of making “unreasonable last-minute demands.” Vance said Washington still wants a deal, but insisted it must deliver fairer terms for American

ONTARIO PREMIER FORD: NEED TO RESTRICT ENERGY, POTASH, ELECTRICITY SHIPMENTS TO U.S.

ONTARIO PREMIER DOUG FORD: TIME TO INFLICT ECONOMIC PAIN ON U.S.

VANCE SAYS NEGOTIATIONS WITH CANADA ARE ONGOING

NETANYAHU: IRAN ATTEMPTED TO ASSASSINATE ONE OF MY FAMILY MEMBERS

TRUMP SLAMS “FAKE POLLS,” CLAIMS REPUBLICANS ARE WINNING President Trump accused Democrats of using “fake polls” as a strategy to discourage Republican voters ahead of elections. He claimed the actual polling and political enthusiasm favor Republicans, saying the country’s

US EYES NEW 7.5% TARIFF ON CHINA The US is considering a 7.5% tariff on Chinese goods over concerns about excess manufacturing capacity ahead of Trump’s September meeting with Xi Jinping. The move would bring Trump’s second-term China tariffs to around 20%, while staying within

🚨 *US EYES 7.5% CHINA OVERCAPACITY TARIFFS BEFORE XI-TRUMP TALKS

JAPAN TO TAP AI TO SPEED UP MATERIALS DEVELOPMENT 10-FOLD - NIKKEI

STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FELL BY ABOUT 3.7 MLN BARRELS TO 289.7 MLN BARRELS LAST WEEK, LOWEST SINCE 1982

MARIJUANA SMOKING HITS RECORD HIGH IN US Marijuana smoking among Americans has reached a record 17%, more than double the 7% reported in 2013, according to Gallup. Meanwhile, cigarette smoking remains at a record low of 11%, while 9% of adults vape and 4% use nicotine pouches.

NVIDIA $NVDA SAYS SPACEXAI WILL DEPLOY VERA CPUS, PUT VERA RUBIN IN ORBIT SpaceXAI will use the Vera CPU to accelerate agentic AI workloads and expand the infrastructure behind Grok on the Vera Rubin platform as it scales toward gigawatts of computing capacity, per Nvidia. Its

$NVDA $SPCX - SPACEXAI ADOPTS NVIDIA VERA CPU TO ACCELERATE AGENTIC AI AT MASSIVE SCALE

$20 MILLION TO SHIP OIL THROUGH HORMUZ Shipping a supertanker through the Strait of Hormuz now costs around $20 million, or roughly $10 per barrel, according to TotalEnergies CEO Patrick Pouyanne. Total is buying Gulf crude for just $50–$60 per barrel as producers struggle to

WARSH UNLIKELY TO GIVE MARKETS A CLEAR RATE SIGNAL Fed Chair Kevin Warsh’s Jackson Hole speech is unlikely to provide a clear direction for interest rates, according to Stifel Economics. Warsh is expected to emphasize his commitment to bringing inflation under control, while

MEXICAN PRESIDENT SHEINBAUM SAYS IT WAS NOT PERTINENT FOR GOVERNOR SINALOA ROCHA TO RETURN TO OFFICE, AFTER ACCUSATIONS OF DRUG TRAFFICKING BY U.S.

GERMAN FIN. MIN. KLINGBEIL: SURGE IN BOND YIELDS A RESULT OF TRUMP'S WAR

SCHIFF WARNS BESSENT’S BUYBACK PLAN RISKS INFLATION Peter Schiff warns that using the Treasury General Account to fund bond buybacks could shorten the average maturity of US debt, increasing exposure to short-term rates. He argues this would make future Fed rate hikes more

YEMEN'S HOUTHIS SAY THEY ATTACKED A VESSEL OFF SAUDI ARABIA'S YANBU; NO SAUDI CONFIRMATION

INDIA FACES WEAKEST MONSOON SINCE 2009 India is likely to record its lowest monsoon rainfall since 2009, according to weather bureau officials. Rainfall is expected to remain below average in September, adding pressure on agriculture and water supplies. Officials also expect

*TRUMP: CANADA WILL BE TREATED LIKE A STATE NO LONGER *TRUMP: WE DON’T NEED CANADA, THEY NEED US

PELOSI DISCLOSES UP TO $12M IN BLOOM ENERGY PURCHASES, PLUS INTEL The periodic transaction report was filed August 21 covering late-July trades. Bloom Energy $BE: - July 24: 10,000 shares, $1M-$5M - July 24: 100 call options, $100 strike, expiring 6/17/27, $1M-$5M - July 28:

TRUMP THREATENS 50% TARIFFS ON CANADA President Trump says US tariffs on Canadian cars, trucks, auto parts and steel will rise to 50% on January 1, 2027. Trump accused Canada of unfair trade practices and blamed its agricultural tariffs for a $60 billion US trade deficit. He

TRUMP: BUILD IN U.S. AND THERE ARE ZERO TARIFFS

TRUMP: ON JANUARY FIRST, 2027, TARIFFS ON ALL CARS, TRUCKS, BOTH LARGE AND SMALL, AUTOMOTIVE PARTS, AND STEEL, WILL BE INCREASED TO 50%

TORONTO (AP) - Ontario's Doug Ford tells AP Canada should be ready to cut electricity, critical minerals to U.S. if trade fight worsens.

TORONTO (AP) — Ontario Premier Doug Ford tells AP that Ronald Reagan would be 'throwing up' over Trump’s trade policies.

BESSENT PUTS IRAN’S TRADING PARTNERS ON NOTICE Treasury Secretary Scott Bessent is threatening countries that continue doing business with Iran as Washington prepares its “economic D-Day.” The goal: cut Tehran off from its remaining economic lifelines. China faces the greatest

🚨Political Trade Alert🚨 Rep. Nancy Pelosi has released a new financial disclosure. Highlights: $BE Bloom Energy $3M - $12M $INTC Intel $750k - $1.5M

US PREPARES “ECONOMIC D-DAY” AGAINST IRAN The US Treasury is preparing to expand secondary sanctions against countries and companies doing business with Iran. The goal is to force trading partners to choose: cut ties with Tehran or risk losing access to the dollar-based

🚨Insider Trade Alert🚨! Chief Executive Officer Wu Yongming has purchased 350,000 shares in $BABA Alibaba Group Holding Ltd worth $4,984,000.00 $BABA current value: $119.34 Market: NYSE

TRUMP: IRAN IS COMPLETELY COLLAPSING

U.S. TREASURY EXPECTED TO ANNOUNCE IT WILL BROADEN SCOPE OF SECONDARY SANCTIONS ON COUNTRIES, ENTITIES DOING BUSINESS WITH IRAN -SOURCE FAMILIAR WITH BESSENT'S PLANS

US GROWTH LOST MOMENTUM IN JULY US economic growth weakened in July, according to the Chicago Fed. Its National Activity Index fell to -0.08 from 0.06 in June, signaling growth below the historical trend. Production, sales and consumer spending indicators deteriorated, with

GREER, ON WHY THE DEAL FAILED: CANADA WANTED MORE GREER: CANADA WAS OFFERED THE BEST ACCESS TO THE US GREER: POLITICAL REASONS WERE A DRIVER FOR CANADA GREER: NO ISSUES PROCEEDING WITH OUR TRADE POLICY AS PLANNED

🇺🇸 TREASURY COULD TAP $935 BILLION CASH PILE The US Treasury could use its $935 billion cash stockpile to fund expanded bond buybacks, rather than relying solely on new short-term debt issuance. The move could give Treasury Secretary Scott Bessent more firepower to reduce

UK SHARES SECRET MISSILE TECH WITH UKRAINE Britain and France are transferring classified missile technology to help Ukraine manufacture Storm Shadow/Scalp cruise missiles domestically. The move marks deeper European defense cooperation with Kyiv as US support declines.

30-YEAR TREASURY YIELD BECOMES MARKET’S NEW FEAR GAUGE The US 30-year Treasury yield has become a key market focus as concerns over government debt and fiscal credibility intensify. A Bloomberg survey shows 66% expect the 10-year yield to exceed 5% this year. But KB Securities

$MSTR - STRATEGY BUILDS $1.6 BILLION WAR CHEST Strategy has created a new $1.59 billion USD Cash pool, giving it more flexibility to buy Bitcoin, repurchase shares or manage debt. The company also holds a $5.1 billion USD Reserve. Strategy raised roughly $2 billion by selling

OIL SLIPS AHEAD OF TOUGH NEW IRAN SANCTIONS Oil prices fell Monday as traders took profits and awaited new US sanctions on Iran. Brent dropped 1.2% to $93.23, while WTI fell 1.8% to $85.51. Treasury Secretary Scott Bessent is set to announce details at 1 PM EDT, with tougher

U.S. STOCK INDEX FUTURES PARE SOME LOSSES; S&P 500 E-MINIS, DOW FUTURES DOWN 0.1%, NASDAQ FUTURES DOWN 0.4%

BESSENT COULD UNLEASH $1 TRILLION ON BOND MARKET The US Treasury could tap its nearly $1 trillion cash account to fund expanded bond buybacks, potentially giving it major firepower to push long-term yields lower. Treasury recently doubled minimum buybacks of longer-dated

BESSENT COULD TAP NEAR $1 TRILLION TREASURY GENERAL ACCOUNT TO FUND BOND BUYBACKS, SOURCES SAID

TREASURY OFFICIAL TO CNBC: TREASURY COULD USE GENERAL ACCOUNT TO FUND BOND BUYBACK

IEA CHIEF BIROL: NOT DISCUSSING A SECOND RELEASE OF STRATEGIC OIL RESERVES AT THIS TIME

INDIA FOREIGN MINISTER TELLS RUSSIA'S PUTIN: OUR ECONOMIC COOPERATION HAS GROWN VERY SIGNIFICANTLY

$NVDA - NVIDIA COULD MOVE “VERY, VERY FAST” Cantor Fitzgerald remains highly bullish on NVIDIA, reiterating its Overweight rating and $350 price target, with the stock still a Top Pick. Analyst C.J. Muse says investors remain underweight NVIDIA, creating potential for a sharp

IRAN SHRUGS OFF NEW US SANCTIONS Iran is downplaying the impact of new US economic sanctions expected Monday. Foreign Ministry spokesman Esmaeil Baghaei said previous US pressure campaigns had failed and insisted Iran would remain firm in defending its interests. He accused

CHINA URGES TALKS AS GULF TENSIONS HIT CRITICAL POINT China is calling for immediate dialogue as tensions between the US and Iran intensify. Foreign Minister Wang Yi said de-escalation must be the priority, warning against another cycle of conflict. The US is preparing tougher

🇺🇸 TRUMP’S SCHEDULE — MONDAY, AUGUST 24 🔸8:00 AM — Executive Time 📍 White House | Closed Press 🔸9:00 AM — In-Town Pool Call Time 📍 White House 🔸11:00 AM — Policy Meeting 📍 Oval Office | Closed Press 🔸12:30 PM — Policy Meeting 📍 Oval Office | Closed Press 🔸2:30 PM —

📈 PRICE TARGET RAISED • $A: PT raised to $150 from $135 by Jefferies • $ALKT: PT raised to $24 from $19 by JP Morgan • $APA: PT raised to $38 from $36 by Jefferies • $BJ: PT raised to $108 from $105 by D.A. Davidson; PT raised to $100 from $95 by Jefferies; PT raised to

🟢 UPGRADES • $CLS: Upgraded Neutral → Buy by UBS; PT raised to $430 from $410 • $DRI: Upgraded Neutral → Outperform by Baird; PT raised to $250 from $220 • $ALGT: Upgraded Outperform → Strong Buy by Raymond James; PT cut to $116 from $138 • $JANX: Upgraded Peerperform →

NVIDIA $NVDA CUSTOMERS TOLD AI SERVER PRICES RISING MORE THAN 15% The increases take effect on systems shipped early next year and cover machines built around the flagship Vera Rubin and Grace Blackwell chips, with the size depending on chip generation and memory configuration,

🚨Insider Trade Alert🚨! CEO AND PRESIDENT MINICUCCI BENITO has purchased 25,000 shares in $ALK ALASKA AIR GROUP, INC. worth $1,001,510.00 $ALK current value: $40.41 Market: NYSE

U.S. MOVES TO PAY $725 MILLION TO U.N. The Trump administration has begun transferring $725 million to the United Nations, ahead of President Trump’s expected U.N. speech next month. The payment represents less than 20% of the $4+ billion the U.N. says Washington owes. The

NEW YORK FED BOOSTS Q3 GDP OUTLOOK The New York Fed raised its Q3 2026 GDP growth forecast to 2.3%, up from 2.14%. The upgrade was driven by stronger-than-expected building permits and the Philadelphia Fed Manufacturing Survey. The Fed sees a 50% probability range of

US INTENDS TO PAY $725 MILLION TOWARDS ITS U.N. DEBT, CONGRESSIONAL DOCUMENT SHOWS

OMANI, IRANIAN FMS DISCUSS CONDITIONS FOR RESUMING NEGOTIATIONS THAT SUPPORT RESUMPTION OF NAVIGATION THROUGH STRAIT OF HORMUZ - OMAN STATE NEWS AGENCY

CITADEL HAS SHED OVER 80% OF AGGREGATE RISK FROM SITUATIONAL AWARENESS PORTFOLIO - CNBC CITING LETTER

TRUMP ADMIN TAPS FORMER JPMORGAN CHASE EXEC MATT ZAMES TO ADVISE SOCIAL SECURITY AGENCY - CNBC

U.S. S&P GLOBAL AUGUST FLASH COMPOSITE PMI AT 56.0 (VS 54.5 IN JULY) U.S. S&P GLOBAL AUGUST FLASH SERVICES PMI AT 56.8 (FORECAST 54.0) U.S. S&P GLOBAL AUGUST FLASH MANUFACTURING PMI AT 53.2 (FORECAST 53.9)

BITCOIN ETF INFLOWS TOP $1 BILLION IN TWO DAYS Bitcoin ETFs attracted more than $1 billion in net inflows over the past two days, including $606 million on Thursday. Four-day inflows have now reached $1.61 billion, signaling renewed investor appetite for crypto. The rebound

PRIVATE EQUITY FIRM APOLLO CONFIRMS DATA BREACH AMID HACKING WAVE TARGETING FINANCIAL GIANTS- TECHCRUNCH

JPMORGAN WARNS OF AUTUMN SELLOFF AS AI ECHOES 2000 JPMorgan sees growing risks of a late-summer or early-autumn market downturn despite major indexes remaining in bullish trends. The bank points to weakening market internals, defensive rotation and fading conviction in AI

🚨Political Trade Alert🚨 Rep. David Taylor has released a new financial disclosure. Highlights: $GOOGL Google $2k - $30k $IBP Installed Building Products $1k - $15k $PG Procter & Gamble $1k - $15k Sold: $MSFT Microsoft $15k - $50k

🚨Political Trade Alert🚨 Rep. Tim Moore has released a new financial disclosure. Highlights: Sold: $T AT&T $50k - $100k

CANADIAN MINISTER IN CHARGE OF U.S. TRADE TIES WILL MEET U.S. TRADE REPRESENTATIVE GREER AT 10:30 EDT ON FRIDAY IN WASHINGTON - CANADIAN STATEMENT

$NVDA - NVIDIA EYES MAJOR DATA-CENTER POWER INVESTMENT Nvidia is reportedly in advanced talks to invest several hundred million dollars in data-center power developer Cloverleaf Infrastructure. Cloverleaf secures reliable electricity and powered land for major data-center

📅 FRIDAY, AUGUST 21, 2026 — PRESIDENTIAL SCHEDULE 🔸8:00 AM — Executive Time 📍 White House 🔸9:00 AM — In-Town Pool Call Time 📍 White House 🔸11:00 AM — Photo Opportunities 📍 Oval Office 🔸11:45 AM — Policy Meeting 📍 Oval Office 🔸2:00 PM — Policy Meeting 📍 White House

UBS SEES S&P 500 BULL RUN EXTENDING UBS raised its S&P 500 targets to 8,100 for December 2026 and 8,400 for June 2027, citing stronger earnings and resilient growth. The bank now expects EPS of $350 in 2026 and $400 in 2027, driven by strength in technology, semiconductors and

CITI SAYS BUY ANY PRE-MIDTERM MARKET DIP Citi remains Overweight equities and recommends adding exposure if markets pull back ahead of the U.S. midterm elections. The bank sees supportive earnings revisions, improving liquidity conditions and limited warning signs despite

DEEPSEEK CHALLENGES ANTHROPIC WITH NEW AI MODEL DeepSeek has unveiled an experimental multimodal AI model capable of analyzing images, screenshots and text while performing autonomous tasks. Called DeepSeek-V4-Flash-Vision-Exp, the model reportedly approaches Anthropic’s Opus

SILVER47 AND BUNKER HILL ANNOUNCE MERGER. BUNKER HILL TO SEEK NAME CHANGE TO BUNKER HILL SILVER CORP. COMBINED COMPANY ESTABLISHES A NEW 'MADE IN AMERICA' U.S. SILVER & CRITICAL MINERALS CHAMPION.

WARSH COULD OFFER MARKETS SOME RELIEF AT JACKSON HOLE Fed Chair Kevin Warsh could provide investors with modest reassurance at next week’s Jackson Hole symposium, according to TD Securities. Markets will look for clearer signals on his policy approach and a reaffirmation of the

PRESIDENT PEZESHKIAN SAYS IRAN SHOULD END WAR NOW THAT IT IS IN A POSITION OF STRENGTH AND WORLD ACKNOWLEDGES ITS VICTORY - ISNA

TRUMP’S IRAN CRACKDOWN RISKS CHINA BACKLASH Washington is preparing tougher measures to isolate Iran economically, targeting countries that continue trading with Tehran. China poses the biggest challenge, buying around 90% of Iran’s oil exports. Targeting major Chinese banks

$TSLA - TESLA RECALLS NEARLY 3 MILLION VEHICLES IN CHINA Tesla is recalling up to 2.98 million vehicles in China, its largest-ever recall in the market. The company will fix emergency door-release safety issues through warning labels and a software update that lowers windows

TRUMP ON TARIFFS: HAVE A COMMITMENT THAT THIS BEEF WILL BE SOLD AT 25 PERCENT BELOW CURRENT MARKET PRICES

TRUMP ON TARIFFS: FOR NEXT 90 DAYS, UNITED STATES WILL ALLOW UP TO 300,000 METRIC TONS OF PRODUCT FOR GROUND BEEF TO BE IMPORTED WITH NO OUT OF QUOTA TARIFF

TRUMP: CONCLUDED A DEAL TO SUBSTANTIALLY LOWER PRICE OF GROUND BEEF

LONG-TERM YIELDS END WILD WEEK NEAR DECADE HIGHS Long-term bond yields remain near multi-year highs despite U.S. Treasury efforts to calm markets. The 30-year Treasury yield eased to around 5.23% Friday after hitting a nearly 20-year closing high of 5.311% Monday. Treasury

🚨Insider Trade Alert🚨! Chief Operating Officer WILSON LIAM DANIEL has purchased 30,769 shares in $KEEL Keel Infrastructure Corp. worth $99,999.25 $KEEL current value: $3.37 Market: NASDAQ

SPOTIFY $SPOT UPSIZES SHARE REPURCHASE PROGRAM BY $1.5B

OSI SYSTEMS $OSIS FISCAL Q4 REVENUE MISSES BY $46M, ADJUSTED EPS IN LINE • Revenue: $484.1M vs $529.7M est, miss • Adjusted EPS: $3.78 vs $3.77 est, in line • GAAP EPS: $3.27, net income $55.2M • Operating income: $73.9M, gross profit $168.0M FY guidance: revenue

ROSS STORES $ROST Q2 SALES BEAT, SEES Q3 COMPS UP 6% TO 7% • Sales: $6.265B vs $6.180B est, beat • EPS: $2.66 • Net income: $851.3M • EBIT: $1.104B, pretax profit $1.135B Comparable store sales are now expected to rise 6% to 7% in Q3. The company remains on track to

NVIDIA $NVDA PLANS TO BEGIN SMALL-BATCH SHIPMENTS OF AN AI CHIP SPECIALLY TAILORED FOR CHINESE CUSTOMERS BY THE END OF THE YEAR - THE INFORMATION

TRUMP ANNOUNCES MAJOR ECONOMIC CAMPAIGN AGAINST IRAN President Trump announced sweeping new economic measures aimed at further isolating Iran after saying Tehran failed to reach a deal. Trump warned that countries providing Iran with financial, commercial or logistical support

*TRUMP: I AM ANNOUNCING MOST CRUSHING IRAN ECONOMIC OPERATION

🚨Insider Trade Alert🚨! Insider DeLuca Teresa has purchased 10,000 shares in $SGRY Surgery Partners, Inc. worth $143,500.00 $SGRY current value: $13.60 Market: NASDAQ

UBER $UBER, VERNE AND PONY .AI PLAN TO EXPAND AUTONOMOUS RIDES TO MORE EUROPEAN CITIES

TRUMP: NEW WHITE HOUSE HELIPAD COULD OPEN BY SEPTEMBER 21

🚨Political Trade Alert🚨 Rep. Tony Wied has released a new financial disclosure. Highlights: $UPST Upstart Holdings $15k - $50k Sold: $ADBE Adobe $1k - $15k $CRM Salesforce $15k - $50k $TTD Trade Desk $15k - $50k $NOW ServiceNow $15k - $50k

🚨Political Trade Alert🚨 Rep. Thomas Kean Jr. has released a new financial disclosure. Highlights: $AMZN Amazon $1k - $15k $EQT EQT Corp $1k - $15k $ESAB ESAB Corp $1k - $15k $TOST Toast Inc $1k - $15k Sold: $GOOGL $1k - $15k $SYK Stryker $1k - $15k

🚨Political Trade Alert🚨 Rep. Ed Case has released a new financial disclosure. Highlights: $AAPL Apple $1k - $15k

🚨Political Trade Alert🚨 Rep. Richard Allen has released a new financial disclosure. Highlights: $AMD Advanced Micro Devices $1k - $15k $AVGO Broadcom $1k - $15k Sold: $ABT Abbott Labs $15k - $50k

POLL SHOWS 69% SEE TRUMP BUSINESS INFLUENCE A Reuters/Ipsos poll found 69% of Americans believe President Trump’s private business interests influence his decisions in office. Separately, 63% said it was inappropriate for Trump and his family to profit from cryptocurrency

IRAN REPORTEDLY WEIGHS STRIKES ON U.S. TARGETS IN EUROPE Iran is considering expanding its target list to U.S. assets in Europe if Washington escalates the conflict, the Financial Times reports. Options reportedly include U.S. facilities in Bulgaria and Cyprus, as well as

NATO OFFICIAL ON IRAN ALLEGEDLY WEIGHING TO ATTACK US TARGETS IN EUROPE: NATO IS PREPARED TO ADDRESS ANY THREAT AND WILL ALWAYS DO WHAT IS NECESSARY TO DEFEND ALL ALLIES

🚨Insider Trade Alert🚨! Insider Sousa Mauad Bruno has purchased 11,000 shares in $AUGO Aura Minerals Inc. worth $868,230.00 $AUGO current value: $76.24 Market: NASDAQ

🚨Insider Trade Alert🚨! Insider Mullins Eric D. has purchased 6,365 shares in $FTI TechnipFMC plc worth $499,970.75 $FTI current value: $78.29 Market: NYSE

IRAN FOREIGN MINISTRY SPOKESMAN CITES 'FALSE FLAG OPERATIONS IN WARNING AGAINST 'BASELESS' ACCUSATIONS

IRAN'S FOREIGN MINISTRY SPOKESPERSON REJECTS UAE'S STATEMENT ON MISSILES BEING LAUNCHED FROM IRAN AGAINST THE GULF COUNTRY

TECH SELLOFF HITS WALL STREET AS YIELDS SURGE Wall Street closed lower as rising oil prices and Middle East tensions pushed Treasury yields sharply higher, pressuring technology stocks. The Nasdaq fell 1.3%, while the S&P 500 lost 0.7%. Semiconductors led declines as higher

US ENERGY UNDER SECRETARY HAUSTVEIT SAYS ABOUT HALF OF VENEZUELA'S OIL OUTPUT IS NOW BEING EXPORTED TO THE US

U.S. OIL PRODUCERS SET FOR VENEZUELA DEALS Several independent U.S. oil producers are expected to sign production contracts with Venezuela’s state-owned PdVSA on Tuesday, according to Politico. A signing ceremony is reportedly scheduled for Tuesday night in Houston, citing

SEC PROPOSES NEW RULES TO CREATE 'CLEAR AND FIT-FOR-PURPOSE' FRAMEWORK FOR CERTAIN INVESTMENT CONTRACTS INVOLVING CRYPTO ASSETS -STATEMENT

*US DOWNPLAYS CANADA TRADE DEAL HOPES TUESDAY *TRUMP, CARNEY EXPECTED TO SPEAK AGAIN TUESDAY

CANADA-U.S. TRADE CANADIAN, U.S. NEGOTIATORS EXPECTED TO MEET AGAIN AHEAD OF MIDNIGHT TARIFF DEADLINE - CBC NEWS

*IRAN FM SAYS TEHRAN REJECTED CEASEFIRE PROPOSALS *IRAN FM SAYS WAR MUST END, NOT PAUSE

AMERICA’S $39 TRILLION DEBT HITS EVERYDAY FINANCES A Conference Board report warns that rising U.S. debt could increasingly squeeze families and businesses through higher borrowing costs. The debt now exceeds $39 trillion, or roughly $116,000 per American. Higher deficits

FEDERAL DEFICITS COULD DRIVE UP STUDENT LOAN COSTS A Conference Board study warns that rising U.S. deficits can push up interest rates and make student loans more expensive. For a hypothetical student borrowing $75,000, lower deficits could reduce lifetime payments by about

ANTHROPIC LINES UP $10B+ CREDIT AHEAD OF IPO Anthropic’s revolving credit facility is set to exceed $10 billion as banks compete for roles in the AI giant’s highly anticipated IPO. The Claude maker is reportedly working with Morgan Stanley, Goldman Sachs and JPMorgan on the

*ANTHROPIC PRE-IPO CREDIT FACILITY SET TO CLIMB PAST $10B TARGET

UAE'S DEFENSE MINISTRY SAYS IT DETECTED TWO BALLISTIC MISSILES LAUNCHED FROM IRAN

ISRAEL-TURKEY TENSIONS RISE OVER SYRIA STRIKE An Axios reporter says a senior Israeli official claimed the strike on a Syrian air base in the Idlib area was meant to prevent a Turkish military foothold. A senior Turkish official denied any Turkish presence at the base, accusing

APPLE $AAPL OVERHAULS EU APP STORE TERMS, REPLACES CORE TECHNOLOGY FEE The Core Technology Fee gives way to a 5% Core Technology Commission on digital transactions completed outside the App Store. New commission rates: - 26% for App Store apps using Apple in-app purchase - 20%

$AAPL - APPLE OVERHAULS EU APP STORE FEES Apple is revamping its EU App Store terms from October 1. The Core Technology Fee will be replaced by a 5% commission on digital transactions outside the App Store. EU commissions will be 26% for Apple in-app purchases, 20% for

US CRUDE FUTURES RISE BY MORE THAN $1 AS HOPES OF US-IRAN PEACE DEAL FADE

KKR MAKES $9B TAKEOVER BID FOR UGI $UGI KKR $KKR offered $42.50 a share, sources tell the WSJ. UGI closed at $35.09 Monday for a market value of around $7.5B, putting the bid at a 21% premium. It could not be learned whether UGI will be receptive, and there is no guarantee of a

$KKR - KKR Makes $9 Billion Takeover Bid for Natural Gas and Electricity Distributor, Sources Say KKR Made Offer to Buy Pennsylvania-Based UGI for $42.50 a Share, Sources Say

SPOT SILVER FALLS OVER 3% TO $63.72/OZ

PENTAGON WEIGHS SMALLER U.S. GULF PRESENCE The Pentagon is considering reducing U.S. troop presence in the Persian Gulf after the Iran war, as repeated Iranian strikes exposed vulnerabilities at major American bases. Options include shifting forces west toward Jordan, Israel or

$NVDA - BOFA: NVIDIA COULD BE UP TO 50% UNDERVALUED Bank of America says Nvidia may trade at a 34%-50% discount, as investors could be overstating AI-related risks. BofA sees Nvidia’s aggressive AI investments as a long-term opportunity, despite potential balance-sheet risks if

SPOT GOLD FALLS OVER 1% TO $4,362.79/OZ

UAE AIR DEFENCE SYSTEMS DETECTED MISSILE THREAT - UAE DEFENSE MINISTRY POST ON X

FRENCH BUDGET MINISTER: MINISTRY WILL USE AI TO TEST CYBSECURITY VULNERABILITIES AFTER TAX AGENCY WAS HACKED

$META - META PLATFORMS SHARES TOUCH OVER TWO-WEEK LOW, LAST DOWN 3.8%

U.S. PENDING HOME SALES DROP SHARPLY U.S. pending home sales fell 2.3% in July, missing expectations for a 0.6% increase. Higher mortgage rates weighed on demand, while record home prices continued to pressure buyers. The West fell 4.7%, the steepest regional decline, while

*TRUMP SAYS ALL MINES WERE REMOVED OR DETONATED IN HORMUZ STRAIT

TRUMP: NO IRAN TALKS, NAVAL BLOCKADE CONTINUES Trump says no talks with Iran are underway or scheduled. The naval blockade remains fully in effect, while the Strait of Hormuz is open and operating. Trump also says all water mines have been removed or detonated.

YARDENI: 5% TREASURY YIELD IS THE KEY LINE Ed Yardeni isn’t alarmed by surging global bond yields—yet. He expects the U.S. 10-year Treasury yield to remain within a 4%-5% range without seriously hurting the economy or corporate earnings. But with the yield now near 4.73%, he’s

IAEA: INFORMED THAT A DRONE EXPLODED AT A BUS STOP USED BY STAFF TRAVELLING TO THE ZAPORIZHZHYA NPP AT AROUND 06:00 TODAY IAEA: EXPLOSION CAUSED 16 CASUALTIES AMONG STAFF AND SUBCONTRACTORS, INCLUDING ONE DEATH AND THREE SERIOUS INJURIES

U.S. INDUSTRIAL OUTPUT MISSES FORECAST U.S. industrial production rose 0.2% in July, below the 0.3% forecast. Manufacturing output increased 0.2%, matching expectations, while mining gained 0.2% and utilities rose 0.5%. Capacity utilization edged up to 76.3%, in line with

*US JULY INDUSTRIAL PRODUCTION RISES 0.2% M/M; EST. +0.3%

🚨Political Trade Alert🚨 Rep. Scott Peters has released a new financial disclosure. Highlights: (No Stock Purchases) Audax Senior Loan Fund > $1,000,000 US Treasury Bill > $1,000,000 Sold: Charlotte-Meckle $250k - $500k LA CA IMPTSch > $1,000,000

ECB'S LANE: EURO ZONE INFLATION ONE PERCENTAGE POINT ABOVE ECB'S 2% TARGET IS A LOT

US 10-YEAR YIELD HITS 19-MONTH HIGH The 10-year Treasury yield climbed to 4.75%, its highest since early 2025, as a global bond selloff deepened. Inflation concerns, heavy corporate debt issuance and thin August trading are pressuring bonds worldwide. Middle East tensions and

US DATA: PRICES FALL, HOUSING SENDS MIXED SIGNALS Import prices fell 0.4% in July, versus +0.1% expected, while export prices dropped 1.3%, versus +0.2% forecast. Housing was mixed. Building permits rose 5% to 1.443M, beating the 1.370M estimate. However, housing starts

*US JULY IMPORT PRICES FALL 0.4% M/M; EST. +0.1% *US JULY EXPORT PRICES FALL 1.3% M/M; EST. +0.2%

US JULY HOUSING STARTS -12.4% VS JUNE +19.7% US JULY HOUSING STARTS 1.239 MLN UNIT RATE (CONSENSUS 1.350 MLN), VS JUNE 1.415 MLN UNITS

🇺🇸TRUMP’S TUESDAY SCHEDULE: President Trump’s schedule for Tuesday, August 18 centers on a series of closed-door policy meetings. 🔸8:00 AM: Executive Time 🔸11:00 AM: Policy Meeting 🔸12:00 PM: Policy Meeting 🔸2:30 PM: Policy Meeting 🔸4:00 PM: Policy Meeting 🔸5:00 PM:

📈 PRICE TARGET RAISED • $ANF: PT raised to $126 from $110 by JPMorgan • $CPB: PT raised to $22 from $20 by JPMorgan • $LIFE: PT raised to $37 from $23 by JPMorgan • $P: PT raised to $170 from $100 by TD Cowen • $MRVL: PT raised to $225 from $200 by TD Cowen • $NTAP: PT

🟢 UPGRADES • $AMX: Upgraded Neutral → Overweight by JPMorgan; PT raised to $32 from $30 • $AKR: Upgraded Sector Weight → Overweight by KeyBanc; PT $25 • $BBWI: Upgraded Neutral → Buy by Citi • $STRW: Upgraded Neutral → Buy by Compass Point • $DUOL: Upgraded Neutral →

Trump tweets: Strait of Hormuz - new American territory

AI BUBBLE TOPS MARKET RISK FEARS An AI bubble is now the biggest tail risk for markets, according to Bank of America’s August fund manager survey. 32% of investors see an AI bubble as the main threat—a rare event that could trigger major market disruption. Meanwhile, 27%

INVESTORS GROW MORE BULLISH ON U.S. STOCKS Confidence in U.S. equities is rising, according to Bank of America’s August fund manager survey. A net 27% of managers are overweight U.S. stocks, up from 24% in July and the highest since December 2024. The S&P 500 is up 13% this

FUND MANAGERS SEE GOLD AS UNDERVALUED Fund managers are turning more bullish on gold, according to Bank of America’s August survey. A net 16% say gold is undervalued, up sharply from 6% in July and the highest since March 2023. Gold has fallen significantly since topping

INVESTORS BRACE FOR GLOBAL STAGFLATION Most investors expect stagflation—weak growth combined with high inflation—over the next 12 months, Bank of America’s August survey shows. 49% expect stagflation, up from 47% in July. Meanwhile, 43% expect an economic boom, the highest

WARSH EXPECTED TO STAY NEUTRAL AT JACKSON HOLE Federal Reserve Chair Kevin Warsh is expected to strike a neutral tone at the Fed’s Jackson Hole meeting later this month, according to Bank of America’s August survey. However, 31% expect a hawkish message, signaling tighter

*GERMANY PAYS HIGHEST YIELD SINCE 2011 FOR 30-YEAR BOND SALE

IRAN'S TOP NEGOTIATOR QALIBAF SAYS HORMUZ STRAIT WILL REMAIN CLOSED UNTIL U.S. MEETS INTERIM DEAL CONDITIONS