INDYNEWS
- Stocks tread water as traders await Nvidia earnings and the PCE inflation report
Oil fell on hopes for eased tensions around the Strait of Hormuz even as US stock futures slipped ahead of two closely watched releases.
- Pershing Square Swapped Alphabet For Microsoft As Its Top AI Bet
Bill Ackman's fund sold down Alphabet to fund a larger Microsoft position, betting the software giant is the stronger AI play.
- Intuit Shares Slide As TurboTax Customers Balk At Price Hikes
Wednesday trading saw Intuit stock fall after reports that cost-conscious filers are abandoning TurboTax for cheaper rivals.
- Energy Stocks Fall as Iran-Oman Talks Ease Hormuz Tension
Oil prices dropped after reports of talks between Iran and Oman over the Strait of Hormuz, dragging energy shares lower even as broader European indexes rose.
- H&H Group Stock Jumps 20% on 23.7% Revenue Growth
The company's H1 2026 results also showed margins improving as management raised its full-year growth outlook.
- AMD's Next AI Chip Packs 432GB of Memory, Raising Cost Question
The 50% memory jump comes as chip prices climb industry-wide, a cost investors will watch alongside Nvidia's earnings this week.
- Jack Ma Buys $76 Million Alibaba Stake, Shares Jump
The Alibaba co-founder's purchase, tied to the company's AI push, comes as investors debate whether the stock's rally has further to run.
- Nine Entertainment Shares Jump 9.5% as FY26 EBITDA Surges 17%
A shift in the Australian media group's business portfolio drove the earnings jump that sent the stock up almost 10%.
- Oil's Retreat on Diplomatic Hopes Pulls Treasury Yields Lower
Easing fears of a wider Middle East conflict pushed crude down and bond yields with it, even as the ECB is still expected to raise rates in September.
- New Home Prices Fall to Lowest Since 2021 as Inventory Piles Up
Builders are sitting on more unsold homes even as they cut prices, a sign buyers are pulling back from new construction.
- Bitcoin Hits Three-Month High as Treasury Rolls Out New Iran Sanctions
The rally coincided with fresh US sanctions targeting Iran, a pairing that has previously driven safe-haven flows into crypto.
- S&P 500 Futures Rise Ahead of Nvidia Earnings and Fed Symposium
Traders are watching for AI capacity bottlenecks in Nvidia's report as the Federal Reserve's annual gathering adds a second catalyst to the same session.
- Oil Slides Even as U.S. Slaps Fresh Sanctions on Iran, While Bond Markets Steady
Crude fell further despite new sanctions meant to curb Iranian supply, while global bond markets stabilized as investors weighed the sanctions alongside U.S. Treasury buybacks.
- Bitcoin holds above $80,000 as traders bet on $82,000 breakout
Options traders spent $2.9 million wagering on a fast move higher, even as some analysts flag the rally as overbought.
- Navitas to Acquire Claros for Up to $232.8 Million
The deal includes contingent payments on top of an upfront sum, structured as an earnout tied to future performance.
- Monadelphous Shares Sink 13% Despite Record H2 Profit
The engineering contractor posted a profit jump and record FY26 revenue, but investors punished the stock over its outlook.
- Tokio Marine Eyes Multibillion-Dollar Bid for Suncorp After Berkshire Stake
The Japanese insurer is reviewing several acquisition targets, including Australia's Suncorp and Canada's Intact Financial, following Berkshire Hathaway's move into the stock.
- EOS shares jump 12.8% as counter-drone demand drives record first-half profit
The defense technology firm posted its strongest H1 2026 profit yet, with investors rewarding the results on the day of the earnings call.
- Visa, Mastercard hit record highs as consumer spending holds up
Both card networks touched fresh all-time highs even as shoppers grow more selective, while Visa's own CEO sold $2.16 million in stock the same week.
- Chip stocks slide again as money rotates into blue chips, gold climbs
Nvidia extended losses on August 24 as investors moved into blue-chip names, while Samsung's record-setting shareholder return failed to stop a sector-wide memory stock decline.
- $8.4 Trillion Sits in Money Markets, Earning Just Enough to Match Inflation
Cash parked in money-market funds now yields about 3.5%, the same rate as inflation, leaving savers with a real return of zero.
- Credit Cracks Widen Around AI Financing as Nebius Convertible Settles
Broadcom's credit risk measures rose and Nebius fell 4% as a $5 billion convertible bond settled, dragging down Datadog and Cloudflare in the same session.
- Gold and Bitcoin Rally as Bessent's Bond Market Standoff Drags On
Treasury Secretary Scott Bessent's push on the $1 trillion bond market has not lowered yields, and investors are instead bidding up scarce assets like gold and bitcoin.
- Michael Burry Says Alibaba Must Fall Another 50% After Exiting Position
The investor who called the 2008 housing crash dropped Alibaba over what he called a broken management pledge, arguing the stock, already down 40% on AI pressure, needs to halve again.
- Nasdaq Falls as Iran Sanctions Threat and Canada Tariffs Hit Stocks Together
Treasury Secretary Bessent's promise of an 'economic D-Day' on Iran and a new Canada tariff hike combined to pull tech shares lower even as oil fell and gold rose on safe-haven demand.
- Rising Bond Yields Emerge as New Threat to the AI Trade
Morgan Stanley says a post-World War II shift in markets could push yields higher still, while Wolfe warns that could squeeze AI spending.
- Steel Stocks Rally Even as Global Output Slips on China Slowdown
Nucor and Cleveland-Cliffs climbed even though Morgan Stanley says worldwide steel production is edging lower, dragged down by declines in China.
- European Stocks Stall as Traders Wait on Iran Sanctions Decision
The FTSE 100 slipped alongside a broader tech selloff, while European equities traded sideways ahead of expected sanctions news.
- Three Wall Street Firms Initiate Jersey Mike's Coverage With Bullish Ratings
RBC Capital, UBS and JPMorgan all started coverage of the sandwich chain with buy-equivalent ratings, citing its growth outlook.
- BW Offshore Stock Drops 11% After Opal Project Delay Forces Guidance Cut
The Norwegian floating oil producer trimmed its outlook even as second-quarter EBITDA rose, after its BW Opal project ran into delays.