
The Chinese chipmaker posted net profit of 77.6 billion yuan in its first earnings report since going public in July
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The Chinese chipmaker posted net profit of 77.6 billion yuan in its first earnings report since going public in July

IREN says that FY26 AI cloud capacity is largely sold out, putting delivery, funding and FY27 contracting in focus as ARR is set to top $4B by December.

Bitcoin miner Iren, which has moved to the AI compute business, is falling on earnings but it could be a buying opportunity, according to one Wall Street firm.

How much will Kevin Warsh say in Jackson Hole today? Today marks his first major address since then, but some market watchers are skeptical the tight-lipped chairman will tip his hands on rates. “The irony is that he now faces pressure to communicate more clearly to address questions around the Fed’s credibility,” wrote Hetal Mehta, chief economist at the British wealth manager St. James’s Place.

The S&P 500 Index ($SPX ) (SPY ) is up by +0.17% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.18%. E-mini S&P futures (ESU26 ) are up +0.10%, and September E-mini...

BENGALURU, Aug 28 (Reuters) - Blackstone has proposed to sell up to 25.03% of Indian real estate investment trust Knowledge Realty Trust in an offer for sale, an exchange notice showed on Friday.

A day after rallying on the back of strong results from Nvidia, the AI trade is stumbling to close out the week.

Investors will be hanging on just about every word Federal Reserve Chairman Kevin Warsh has to offer today on inflation and interest rates at the Fed’s annual conference in Jackson Hole, Wyo. Warsh might break from his predecessors on this approach, given his preference that the Fed communicate less. In recent years, stock performance has been all over the map on Jackson Hole days.

On this episode of Stock Movers: - PayPal (PYPL) shares are declining after a consortium of Advent and Stripe has decided to abandon its pursuit of PayPal, according to people familiar with the matter. - Marvell Technology (MRVL) shares are lower following its second-quarter fiscal 2027 earnings report, despite edging past Wall Street expectations on both profit and revenue. - Gap (GAP) shares are soaring after the apparel retailer raised both its adjusted earnings per share and adjusted gross margin outlooks for the full year. The company also announced Michael Francis as the newest CEO of Old Navy, which posted a worse-than-feared comparable sales decline in the quarter.

Tesla, Microsoft and Oracle stocks push higher ahead of the Fed speech, with TSLA testing its 50-day EMA, MSFT above $500 and ORCL eyeing $160.

Intuit stock has fallen nearly 48% this year after soft fiscal 2027 guidance, but mid-market growth, AI adoption, and heavy share buybacks point to a strategic reset rather than a broken business.

The U.S. oil major is close to a deal to add two heavy-oil fields to its portfolio in Venezuela. Halliburton is also in talks.

Aug 28 (Reuters) - Wall Street's main indexes opened muted open on Friday, as an AI-fueled rally fizzled out ahead of Federal Reserve Chair Kevin Warsh's much-anticipated Jackson Hole appearance.

Stocks weren’t moving much at the open on Friday, as Wall Street awaited Kevin Warsh’s looming Jackson Hole speech. The Dow Jones Industrial Average rose 150 points, or 0.3%. The Nasdaq Composite was down 0.1%.
In a post on X, El-Erian said the balancing act would be “difficult to strike” and “almost certain to leave some unsatisfied.”

Treasuries have rallied heading into Kevin Warsh's first Jackson Hole speech as Fed chairman. The bond market typically sells off in the lead-up to the Fed's annual economic policy symposium in Jackson Hole, Wyoming. From 2011 to 2025, 10-year Treasury yields rose 5 basis points or 0.05 percentage points, on average, in the week prior to Jackson Hole, according to Vail Hartman, U.S. rates strategist at BMO.

“Pro tip for those who use Pinterest and don’t want a million ads every time you search something: if you add a cuss word to the end of whatever you’re searching for, you will not see an ad,” one creator shared earlier this month. As an example, the creator shows the search results when she searches for “nail inspo,” yielding numerous ads. It looks like the old Pinterest.

Futures wavered while Treasury yields rose before Fed chief Kevin Warsh's Jackson Hole speech. Marvell, Affirm, PayPal are big movers.

David Ellison needed more legal muscle. After Paramount suffered a bruising July hearing in its fight with a coalition of state attorneys general trying to block its $81 billion acquisition of Warner Bros. Discovery Ellison picked up the phone and called a lawyer used to hearing from CEOs in a jam: Beth Wilkinson. Wilkinson has successfully defended the National Football League and pharmaceutical giant Pfizer as well as Supreme Court Justice Brett Kavanaugh against accusations of sexual assault in his confirmation hearings, making her a go-to trial lawyer in high-stakes cases.

The memory-chip maker has ridden the AI boom to become China’s most valuable company by total market cap.

A seven-figure portfolio looks like security until federal taxes, Medicare surcharges, Social Security phase-ins, and inflation each take their share. What actually clears into your checking account from $1.55 million depends on decisions most retirees never see coming.

The speech gives Warsha chance make up for his July 29 news conference that sent long-term Treasury yields jumping amid doubts about his determination to rein in inflation. S&P 500 futures are slightly lower and the 10-year Treasury yield modestly higher ahead of the big speech. The developments since July 29 have only raised the stakes for Warsh's talk.

The benchmark US stock measures were mostly tracking in the red before the open Friday as traders aw

Anthropic is reportedly set to announce its potential revenue opportunities of over $30 trillion, surpassing Space Exploration Technologies Corp’s. $28.5 trillion estimate. The company is planning to raise up to $100 billion in its initial public offering (IPO), a figure...

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