INDYNEWS
- Rate-Hike Bets Rise After Warsh Speech, Fed Chair Talk of Price Stability
Two-year Treasury yields and the dollar climbed alongside stocks as investors priced in a firmer Fed stance.
- Paratus Energy Cuts Leverage 40% With Fontis Stake Sale
The offshore driller's balance-sheet cleanup follows a Q2 that fell short of a strong first half.
- Wall Street splits on IREN as bitcoin miner bets big on AI cloud
H.C. Wainwright reiterated a Buy rating and $90 price target on AI revenue growth, even as analysts flag the strategy shift as high-risk.
- IREN Shares Drop 8% Even as Analyst Reiterates Bullish Rating
Citizens stuck with its AI-cloud thesis on IREN the same day the stock fell on rising transition costs.
- Lucid Recalls Over 27,000 Air Sedans Over Fire Risk
NHTSA-linked recall covers more than 27,000 vehicles, adding to a difficult stretch for the EV maker's flagship sedan.
- Dollar and Asia FX Sit Still Ahead of Warsh's First Jackson Hole Speech as Fed Vice Chair
South Korea's won hit a 13-month high after the Bank of Korea's rate hike, even as broader currency markets stayed quiet awaiting Warsh's remarks.
- Bitcoin Holds $80,000 as Coinbase Premium Turns Positive for First Time Since May
A US-exchange price premium that had been negative for months flipped positive, a signal some traders read as returning US demand.
- Lumentum Insiders Sell Over $1 Billion Combined in Company Stock in Recent Filings
CEO Michael Hurlston, general counsel Jae Kim, an EVP and a company president all reported large stock sales in the same period.
- Federal Judge Rules Pentagon's Blacklist of Anthropic Was Unlawful
The ruling found the Trump administration violated the AI company's First Amendment rights by punishing it over military use of its models.
- PayPal Shares Tumble 12% After-Hours as Advent, Stripe Walk Away From $50 Billion Bid
The withdrawal of a reported takeover pursuit removed the deal premium that had been supporting the stock.
- Oil heads for weekly loss even as Venezuela and Hormuz risks linger
Crude prices slipped in the August 27 session as traders weighed Venezuela supply reports and a potential Hormuz deal against simmering Iran tensions.
- Airlines Beat Profit Forecasts But Trim Capacity Plans
Air New Zealand topped quarterly earnings estimates while Virgin Australia beat on profit and pulled back on capacity growth even as it raised its revenue outlook.
- Marvell Raised Its Forecast, But Wall Street Wasn't Impressed
Goldman Sachs held its price target at $195 even after the chipmaker's upgraded guidance, and MarketWatch says the July-quarter results didn't clear a high enough bar.
- Murdoch Weighs Reuniting Fox and News Corp, Sending Both Stocks Swinging
Court documents and video show Rupert Murdoch is considering merging the two companies he split apart in 2013, and traders reacted immediately.
- Debt-Funded AI and Space Buildouts Raise the Same Question: Who Pays?
SpaceX's $100 billion spaceport plan and warnings that AI spending is propping up US growth point to the same funding strain.
- Dollar Tree Shares Fall as Investors Question What Comes Next
A post-earnings analysis is now working through the retailer's next catalysts after the stock's decline.
- Anthropic Adds $45 Billion Nvidia Lease Weeks After Betting Big on AMD
The AI lab is now running its compute strategy on two rival chipmakers at once, a month after committing tens of billions to AMD.
- Salesforce Jumps 14% as AI Product Tie-Up and Guidance Raise Reverse Slump
ServiceNow and Adobe rallied alongside Salesforce as investors read the results as evidence software demand is holding up.
- Moderna Shares Fall After Company Prices $2 Billion Convertible Notes Offering
The biotech turned to debt markets for fresh capital, a move investors read as dilutive and defensive.
- Three Wall Street Firms Raise Salesforce Price Targets in Same Session
BMO, Stifel and Mizuho each lifted their targets, citing AI product momentum and demand strength.
- Nvidia's Earnings Beat Sends Shares Up 8%, Drags Bitcoin Along
The chipmaker's results and outlook lifted technology stocks broadly and pulled bitcoin higher in the same session.
- Verve Group Shares Plunge Despite Guidance Affirmation and 6.5% Revenue Growth
The ad-tech company held its full-year outlook steady after second-quarter revenue rose 6.5%, but investors sold the stock anyway.
- Nvidia's Earnings Beat Splits Its Asian Supply Chain
Component makers and assemblers across Asia reacted unevenly to Nvidia's results, even as the numbers themselves were described as a record quarter.
- Wesfarmers Shares Slip Even as Profit Rises 8.3%
The Australian conglomerate lifted its dividend 7.8% for the latest half, but investors sold the stock anyway.
- Nvidia Beats Again as AWS Locks In 2 Million More GPUs Through 2028
Amazon's cloud unit expanded its Nvidia order just as the chipmaker's own quarterly results topped estimates, reinforcing the bull case for sustained AI spending.
- Retail's Margin Ceiling Splits Winners From Laggards This Earnings Season
Kohl's, Abercrombie & Fitch, Walmart and Williams-Sonoma reported this cycle, but their headroom to expand margins looks very different.
- Wall Street Indexes Sit Flat Ahead of Nvidia's Earnings
Investors held positions steady heading into the report, leaving major benchmarks little changed for the August 26 session.
- Nvidia Pushes Wall Street to Lend Against AI Chips Like Mortgage Collateral
The push comes as a top BofA analyst projects Nvidia could generate $1 billion in free cash flow every weekday within a year.
- Abercrombie Jumps 37% as Tariff Refunds Reshape Retail Earnings
A $100 million tariff refund and raised guidance sent Abercrombie & Fitch shares up 37%, while Kohl's used its own refund to fund buybacks and Ross held steady.
- Meta Settles Social-Media Litigation for Up to $18 Billion
Separate wire reports put the payout at $16.68 billion, $17 billion and $18 billion, but all describe one wave of settlements with state regulators and plaintiffs.