• US victims of crimes by undocumented migrants to get extra support

    US victims of crimes by undocumented migrants to get extra support
    US victims of crimes committed by undocumented migrants will receive dedicated support services, the Trump administration said Wednesday as it spotlights their suffering to press a sweeping immigration crackdown.Meeting President Donald Trump's order for more support to individuals and families hurt by crimes carried out by immigrants living illegally in the United States, the Department of Homeland Security has launched the Victims of Immigration Crime Engagement (VOICE) office.VOICE will help
  • Chinese tech giant Tencent sees spending surge, defends potential ‘superior’ AI returns

    Chinese tech giant Tencent sees spending surge, defends potential ‘superior’ AI returns
    Tencent posted significantly elevated spending in the June quarter as the Chinese technology company continues to build out computing capacity for its artificial intelligence initiatives. Capital expenditures rose 65% from the prior quarter to 52.8 billion yuan, equivalent to $7.8 billion, while free cash flow turned negative at 13.8 billion yuan during the period.
    Company leadership defended the substantial investment outlay by emphasizing potential returns on AI-related spending. Chief Execut
  • Under Armour’s Turnaround Hits a Wall as North America Demand Craters

    Under Armour’s Turnaround Hits a Wall as North America Demand Craters
    Under Armour faced renewed challenges to its multiyear turnaround effort when it revised its financial outlook on August 7. The athletic apparel company now projects full-year revenue will decline by a mid-single-digit percentage, a substantial shift from its earlier forecast of only a slight decline.
    The company’s North America segment, its largest market, experienced particularly sharp headwinds. Revenue in that region fell 9% to $609.8 million during the quarter ended June 30. Company
  • Ondo Stocks Volume Hits $27B, Tokenized Equity Platform Holds Above $1B

    Ondo Stocks Volume Hits $27B, Tokenized Equity Platform Holds Above $1B
    Ondo Finance’s tokenized equities platform maintained a valuation above $1 billion while its ecosystem demonstrated accelerating trading activity. The platform’s cumulative trading volume reached $27 billion following its launch in September 2025, with approximately $1.01 billion in total value locked. The platform provides tokenized versions of more than 440 U.S. stocks and exchange-traded funds, with each token backed by corresponding securities held through licensed U.S. custodia
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  • Casino operator liquidated as Chapter 11 bankruptcy ends

    Casino operator liquidated as Chapter 11 bankruptcy ends
    Imperial Pacific International, which operated a casino resort in Saipan, an island in the Commonwealth of the Northern Mariana Islands, has completed its Chapter 11 bankruptcy process following a federal judge’s approval of a structured dismissal. The company filed for bankruptcy protection in April 2024 with debts of $141.6 million owed to multiple creditors, including the Commonwealth Casino Commission, CNMI Treasury, main contractor MCC International, former employees, and various con
  • SanDisk CEO reveals what’s next after explosive 3,150% stock rally

    SanDisk CEO reveals what’s next after explosive 3,150% stock rally
    SanDisk presented an extended financial projection spanning fiscal years 2028 through 2030 at an Investor Day event on August 13, detailing targets for profitability and capital allocation. The company projects annual revenue growth in the mid-to-high teens range, with adjusted gross margins estimated at approximately 80% and adjusted operating margins near 75%. Operating expenses are targeted at roughly 5% of revenue, while adjusted free cash flow margin is expected to reach approximately 50%
  • Reddit (RDDT) Is Joining the S&P 500 —What’s Next for the Company?

    Reddit (RDDT) Is Joining the S&P 500 —What’s Next for the Company?
    Reddit Inc. announced it would be added to the S&P 500 index effective Tuesday, August 18, replacing AvalonBay Communities in the benchmark. The company’s stock price climbed 12.63 percent on Friday to close at $178.09 per share in response to the news. According to the S&P Dow Jones Indices, the inclusion represents a major milestone that could increase the platform’s exposure to index-tracking funds and global investors.
    The addition comes after strong financial performanc
  • Markets just flipped the script on Kevin Warsh’s Fed: Chart of the Day

    Markets just flipped the script on Kevin Warsh’s Fed: Chart of the Day
    A Bloomberg gauge of U.S. financial conditions reached its most accommodative level since 1996 following a sharp reversal in market dynamics. The index, which measures the ease or difficulty of taking on risk and raising capital in financial markets, rose Thursday to reflect a substantial loosening after weeks of tightening pressure.
    Fed Chairman Kevin Warsh had stated during his initial meeting on June 17 that markets had performed “quite a bit” of the Fed’s tightening work.
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  • Anthropic revenue reportedly jumps to more than $11.5 billion in second quarter

    Anthropic revenue reportedly jumps to more than $11.5 billion in second quarter
    Anthropic disclosed preliminary financial results for the second quarter showing substantial revenue growth, according to reporting by Bloomberg News. The AI company generated more than $11.5 billion in quarterly revenue, a significant increase from $787 million in the comparable period a year prior. The figures also reflected growth from the first quarter of 2026, when the company posted $4.73 billion in revenue.
    Beyond the top-line expansion, Anthropic achieved positive adjusted operating inc
  • AMD, Intel and NVIDIA All Rally as Super Micro’s Blowout Numbers Reignite the AI Trade

    AMD, Intel and NVIDIA All Rally as Super Micro’s Blowout Numbers Reignite the AI Trade
    Three major semiconductor companies closed higher on August 12 following the release of earnings results from Super Micro Computer Inc., a key supplier in the AI server infrastructure space. Advanced Micro Devices closed up 1.8% at $483, Intel rose 3.3% to $101, and NVIDIA gained 3% to $224.
    Super Micro released its fiscal fourth-quarter report on August 11, delivering results that impressed investors on multiple fronts. Non-GAAP earnings per share reached $1.70, significantly exceeding analyst
  • XMAG Is Outperforming the S&P 500 in 2026 as the Magnificent Seven Stall

    XMAG Is Outperforming the S&P 500 in 2026 as the Magnificent Seven Stall
    The Roundhill Magnificent Seven ETF, which tracks seven mega-cap stocks through equal weighting, has underperformed the broader market during the current year. MAGS returned 4.82% year-to-date through August 7, lagging behind the S&P 500’s 13.39% return and significantly trailing the Defiance Large Cap ex-Mag 7 ETF, which posted a 15.95% year-to-date gain.
    The performance drag on MAGS stems primarily from Tesla, which declined 26.94% year-to-date. Because the fund weights each of its
  • Nebius Just Gave Bloom Energy a Big Boost. What It Means for BE Stock.

    Nebius Just Gave Bloom Energy a Big Boost. What It Means for BE Stock.
    Nebius Group N.V. released quarterly results highlighting plans to deploy Bloom Energy Corporation’s fuel-cell technology at its planned 300-megawatt AI data center in Vineland, New Jersey. During the earnings call, company executives noted that the fuel cells would enhance the project from a community perspective and could be implemented without significant timeline impacts. The endorsement proved timely, as the project had previously encountered permitting, zoning, and community opposit
  • CoreWeave stock pops 14% as revenue doubles on accelerating AI infrastructure demand

    CoreWeave stock pops 14% as revenue doubles on accelerating AI infrastructure demand
    CoreWeave reported strong financial results that exceeded Wall Street expectations, with shares rising 14% in extended trading. The company, which provides infrastructure for artificial intelligence applications, demonstrated accelerating growth across multiple metrics.
    Revenue increased 112% during the quarter compared to the prior year period. However, the company’s net loss expanded to $626 million from $290 million a year earlier. CoreWeave’s backlog reached $104 billion, not in
  • The US dollar is caught between 2 competing forces

    The US dollar is caught between 2 competing forces
    The US dollar is experiencing conflicting forces that are shaping its near-term direction, according to analysis from Rabobank’s senior foreign exchange strategist. The currency has historically moved inversely to oil prices, but that relationship began shifting in 2022 following Russia’s invasion of Ukraine and subsequent geopolitical disruptions to global energy markets.
    The shift in the dollar-oil dynamic reflects a fundamental change in the US economic position. As a major energ
  • IonQ (IONQ) Just Posted Record Results, So Why Is The Stock Still Down?

    IonQ (IONQ) Just Posted Record Results, So Why Is The Stock Still Down?
    IonQ delivered its strongest quarter on record in early August, with second-quarter revenue reaching $80.1 million, representing 287% year-over-year growth and approximately 20% above the company’s own guidance. The result marked the fifth consecutive quarter of record revenue. Remaining performance obligations, which track contracted future revenue, climbed to $485 million from $122 million in the prior year period, prompting management to raise full-year guidance to a range of $280 mill
  • e.l.f. Beauty (ELF) Just Logged Its 30th Growth Quarter. Can The Streak Hold?

    e.l.f. Beauty (ELF) Just Logged Its 30th Growth Quarter. Can The Streak Hold?
    e.l.f. Beauty reported first-quarter fiscal 2027 results on August 5, delivering net sales growth of 36% year-over-year. The performance marked the company’s 30th consecutive quarter of net sales expansion, a streak spanning more than seven years. According to management, only 6 of 516 public consumer companies tracked have achieved comparable growth while maintaining an average of at least 20% quarterly expansion.
    Following the strong quarterly results, e.l.f. raised its full-year net sa
  • Bit Digital Stock Rises Despite $107.2 Million Q2 Loss

    Bit Digital Stock Rises Despite $107.2 Million Q2 Loss
    Bit Digital’s Nasdaq-listed shares climbed following the company’s second-quarter earnings report, which disclosed a substantial net loss but showed signs of operational progress. The stock gained 2.05% to close at $1.49 on Thursday, followed by an additional 1.34% increase in after-hours trading to $1.51. This performance contrasted sharply with the broader crypto sector’s reaction to earnings announcements during the week, as competing companies such as Bitdeer and Forward I
  • Applied Materials slips as investors seek faster growth after stellar run

    Applied Materials slips as investors seek faster growth after stellar run
    Applied Materials experienced a stock decline in early trading, with shares falling approximately 4% as market participants reassessed the company’s growth trajectory relative to competitors in the semiconductor equipment sector.
    The company had provided fourth-quarter revenue guidance of roughly $10.25 billion, surpassing the consensus estimate of $9.54 billion, and indicated that operating margin would remain steady at 50.4% for the October quarter. Despite these positive metrics, the m
  • Restaurant Brands International earnings beat as Burger King’s U.S. business soars

    Restaurant Brands International earnings beat as Burger King’s U.S. business soars
    Restaurant Brands International delivered second-quarter financial results that exceeded Wall Street forecasts, driven primarily by robust performance at Burger King across multiple markets. The company reported net income attributable to shareholders of $507 million, or $1.45 per share, compared with $189 million, or 57 cents per share, in the prior-year period. On an adjusted basis excluding transaction costs and advisory fees, earnings reached $1.07 per share. Net revenue increased 4.5% to $
  • Why Wall Street Isn’t Buying Super Micro’s $60 Billion Backlog Quite Yet

    Why Wall Street Isn’t Buying Super Micro’s $60 Billion Backlog Quite Yet
    Super Micro Computer concluded fiscal 2026 with notable operational achievements, including a record backlog exceeding $60 billion in new orders received during the fourth quarter. The company’s fiscal 2026 revenue reached $39.1 billion, reflecting 78% year-over-year growth. Fourth-quarter results were particularly strong, with revenue climbing to $11.1 billion, up 93% compared to the prior year and 9% sequentially. Management issued guidance for the first quarter of fiscal 2027 projectin
  • Korea’s Stock Market Surges Another 3.5% Overnight. Intel, Coherent, and Micron Among Most Active Premarket Stocks in US Trading.

    Korea’s Stock Market Surges Another 3.5% Overnight. Intel, Coherent, and Micron Among Most Active Premarket Stocks in US Trading.
    South Korea’s benchmark Kospi index posted a 3.5% overnight gain, advancing into technical bull market territory roughly one month following a significant market downturn. The rebound from the July 30 low reached approximately 23%, fueled primarily by strength in the semiconductor sector. Memory chip manufacturers SK Hynix closed up 5.9% and Samsung Electronics gained 4.9%, both benefiting from renewed investor confidence in artificial intelligence infrastructure spending.
    Mark Newton of
  • Japan’s Yen Intervention Bought Time. Not a Fix

    Japan’s Yen Intervention Bought Time. Not a Fix
    Japan and the United States executed their first coordinated yen-purchasing operation since 1998 in late July, deploying billions of dollars to support the currency as it reached 40-year lows. Japan’s finance ministry had previously spent an estimated $74 billion in late April, followed by $59 billion on July 30 when the yen traded near ¥163.73 against the dollar. The U.S. Treasury Department, through the New York Federal Reserve, sold euros to purchase yen on behalf of the United Sta
  • Growth strategies grab a bigger slice of shrinking UK PE fundraising

    Growth strategies grab a bigger slice of shrinking UK PE fundraising
    Growth strategies accounted for a significantly expanded portion of UK private equity fundraising in the first six months of this year, according to PitchBook’s 2026 UK Private Capital Breakdown. Growth funds raised £2.6 billion (approximately $3.5 billion) and represented 22.2% of all PE capital raised during that period, a substantial increase from their 2.8% share in 2025. The growth category also showed strength in deal volume, appearing in 26.7% of the 15 total PE fund closures
  • Gold prices must overcome this next hurdle before another bullish run

    Gold prices must overcome this next hurdle before another bullish run
    Gold prices reached a pivotal technical level during the trading session, closing at $4,363 per ounce. The precious metal has gained approximately 6.3% over the previous month, outpacing the S&P 500’s advance of roughly 2% in the same timeframe.
    Chart analysts have identified the 200-day moving average, currently positioned at about $4,484 per ounce, as a key resistance point for the rally. This widely followed technical indicator helps investors distinguish between long-term price tr
  • Ackman unveils six new investments including Netflix, Visa, Mastercard in portfolio overhaul

    Ackman unveils six new investments including Netflix, Visa, Mastercard in portfolio overhaul
    Prominent investor Bill Ackman disclosed six new investment positions held across his investment funds, including his recently launched Pershing Square USA exchange-traded fund. The new holdings comprise Netflix, Visa, Mastercard, eye care company Alcon, exchange operator Intercontinental Exchange, and financial data provider S&P Global. Ackman indicated the acquisitions began in the second quarter and cited his belief that strong earnings growth at these firms represents the primary driver
  • Resort destination mall and hotel seek Chapter 11 bankruptcy

    Resort destination mall and hotel seek Chapter 11 bankruptcy
    Boatworks at Tahoe LLC, which operates Boatworks Mall and the adjacent 34-room Inn at Boatworks on Lake Tahoe’s North Shore, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of California on Aug. 11. The filing was made to prevent a foreclosure auction scheduled for Aug. 12. The company listed between $10 million to $50 million in assets and debts.
    Citizens National Bank of Texas initiated the foreclosure process in January after filing a no
  • XAU/USD: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26

    XAU/USD: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26
    Major Takeaways Main scenario: Consider long positions from corrections above 4,170.80 with a target of 4,900.00–5,610.00. A buy signal: the local correction ends and the price settles above 4,170.80. Stop Loss: below 4,100.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below the level of 4,170.80 will allow the asset to continue declining to the levels of 3,720.00–3,290.55. A sell signal: the level of 4,170.80 is broken to the downside. St
  • WTI Crude Oil: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26
    Major Takeaways Main scenario: Consider long positions from corrections above 73.45 with a target of 105.17–115.50. A buy signal: the price holds above 73.45. Stop Loss: below 72.00, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below the level of 73.45 will allow the asset to continue declining to the levels of 58.50–50.00. A sell signal: the level of 73.45 is broken to the downside. Stop Loss: above 75.00, Take Profit: 58.50–50.00.Main sce
  • USD/JPY: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26

    USD/JPY: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26
    Major Takeaways Main scenario: Consider short positions from corrections below the level of 160.52 with a target of 154.60–151.76. A sell signal: the price holds below 160.52. Stop Loss: above 161.10, Take Profit: 154.60–151.76. Alternative scenario: Breakout and consolidation above 160.52 will allow the pair to continue rising to the levels of 163.90–166.50. A buy signal: the level of 160.52 is broken to the upside. Stop Loss: below 159.90, Take Profit: 163.90–166.50.Mai
  • GBP/USD: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26

    GBP/USD: Elliott Wave Analysis and Forecast for 14.08.26 – 21.08.26
    Major Takeaways Main scenario: Consider long positions from corrections above 1.3390 with a target of 1.3870–1.4140. A buy signal: the price holds above 1.3390. Stop Loss: below 1.3345, Take Profit: 1.3870–1.4140. Alternative scenario: Breakout and consolidation below the level of 1.3390 will allow the pair to continue declining to the levels of 1.3140–1.2936. A sell signal: the level of 1.3390 is broken to the downside. Stop Loss: above 1.3435, Take Profit: 1.3140–1.2936

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