Financial
U.S. Stocks Tumble as Oil Spikes and Iran Tensions Fuel Inflation Fears
NEW YORK — U.S. stock indexes fell sharply on Monday, August 31, 2026, as surging crude oil prices, renewed hostilities between the United States and Iran, and rising Treasury yields intensified inves...
TORM Reports Record Earnings as Strait of Hormuz Disruptions Reroute Global Tankers
LONDON — TORM plc reported its best quarter in history on Monday, driven by record earnings that analysts attribute to geopolitical instability around the Strait of Hormuz rather than internal operati...
Investor Adds Zscaler to Portfolio Citing AI Cybersecurity Growth
SAN FRANCISCO — An investor has disclosed a recent acquisition of shares in Zscaler Inc., identifying the cybersecurity firm as a strategic position amid the expanding threat landscape driven by artif...
Cronos Blockchain Restarts After $74 Million Tectonic Exploit
The Cronos blockchain network resumed operations on Monday following a significant security breach that targeted the Tectonic cryptocurrency lending protocol. The network had been paused earlier in th...
Oil Rises, Asian Stocks Waver as Middle East Conflict Intensifies
DUBAI (AP) — Global oil prices climbed and Asian stock markets fluctuated on Monday as escalating violence in the Middle East deepened uncertainty over the trajectory of the conflict involving Iran. T...
U.S. Stock Futures Hold Steady Amid Fed Rate Fears and Iran Tensions
NEW YORK (AP) — U.S. stock futures remained largely unchanged Monday morning as investors weighed the dual pressures of potential Federal Reserve interest rate hikes and escalating geopolitical risks ...
Russian and U.S. Finance Chiefs Meet in North Carolina to Discuss Bilateral Cooperation
RALEIGH, N.C. — Russian Finance Minister Anton Siluanov met with U.S. Treasury Secretary Scott Bessent on Monday evening in North Carolina for high-level talks focused on re-establishing channels of b...
Investors Weigh ETF Convenience Against Direct Ownership in Midstream Energy Sector
NEW YORK — Investors are increasingly scrutinizing the structural and tax differences between exchange-traded funds and direct ownership of master limited partnerships as they navigate the midstream e...
Consumer Staples Giants Cited for Dividend Resilience Amid Market Volatility
NEW YORK — Coca-Cola, Johnson & Johnson, and Procter & Gamble have been identified as cornerstone holdings for retirement portfolios, distinguished by their decades-long track records of consecutive d...
Utility Giants Outpace Sector ETF on AI Data Center Demand
ATLANTA — Major U.S. utility providers Southern Company, Duke Energy, and American Electric Power are positioned to capture disproportionate growth from artificial intelligence-driven data center dema...
Singapore Regulator Seeks Input on New Stablecoin Framework
SINGAPORE — The Monetary Authority of Singapore (MAS) issued a consultation paper on Monday seeking public feedback on proposed legislative changes designed to regulate stablecoin issuers, enhance use...
Nvidia Posts Strong Quarterly Gain Amid AI Surge, Warns of Rising Memory Costs
SANTA CLARA, Calif. — Nvidia Corp. reported robust quarterly earnings on Monday, driven by surging global demand for artificial intelligence hardware, though the chipmaker cautioned investors that ris...
Motley Fool Cites Buffett on Market Valuation Risks in New Investor Alert
NEW YORK (Aug. 31, 2026) — The Motley Fool published a feature on Monday highlighting renewed warnings from Warren Buffett regarding elevated market valuations, using the analysis to underscore the po...
Analyst Forecasts Meta Stock Recovery Before 2029 Despite Recent Setbacks
SAN FRANCISCO — A financial analyst from The Motley Fool predicts that Meta Platforms Inc. stock will reclaim its all-time high before the end of 2029, projecting a recovery path despite recent earnin...
Apple Faces Hold Rating Amid Regulatory and Cost Pressures as Nvidia Surges
SAN FRANCISCO — Apple Inc. faces a revised market outlook with analysts recommending a hold rather than a sell rating, citing mounting financial headwinds including regulatory scrutiny over App Store ...
Consumer Staples Firms Highlight Dividend Resilience Amid Market Volatility
NEW YORK (AP) — Four major consumer staples corporations are drawing investor attention for their dividend yields, cash flow generation, and growth prospects as market volatility persists. Kimberly-Cl...
Broadcom Eyes AI Revenue Surge as Alphabet-Marvell Rivalry Intensifies
SAN FRANCISCO — Broadcom Inc. is set to report earnings on Monday, with investors closely watching for updates on its artificial intelligence semiconductor revenue growth amid a shifting competitive l...
Alphabet and Meta Report Divergent Q2 Results Amid AI Expansion and Legal Headwinds
SAN FRANCISCO — Alphabet Inc. and Meta Platforms Inc. released their second-quarter earnings reports on Monday, revealing a stark contrast in market sentiment as investors weighed rapid artificial int...
TNR Gold Corp. Launches 2026 Exploration Program at Alaska's Shotgun Project
ANCHORAGE, Alaska — TNR Gold Corp. has initiated its 2026 exploration program at the Shotgun Gold Project in southwestern Alaska, marking a significant expansion of field operations in the region. The...
MD Sass Highlights Analog Devices as Key Investment in Second-Quarter Update
NEW YORK (AP) — MD Sass, a prominent value-oriented asset management firm, identified Analog Devices Inc. (ADI) as a compelling entry point in its second-quarter investor update for the flagship MD Sa...
Intercontinental Exchange Partners with tZERO to Build Tokenized Securities Infrastructure
NEW YORK — Intercontinental Exchange Inc. announced a strategic partnership on Monday with tZERO, a blockchain-based trading platform, to develop the underlying infrastructure required for tokenized s...
Riverwater Partners Reports Q2 2026 Small Cap Strategy Results Against Russell 2000
NEW YORK, Aug. 31 (AP) — Riverwater Partners released its investor letter for the second quarter of 2026 on Wednesday, detailing the performance of its Small Cap Strategy relative to the Russell 2000 ...
Schlumberger to Acquire Kelvion for $3.4 Billion in Push Into AI Cooling Market
HOUSTON — Schlumberger Limited (SLB) agreed on Monday to acquire thermal management and heat-exchange technology provider Kelvion in a transaction valued at approximately $3.4 billion. The deal marks ...
Snap Inc. Reports Continued Losses Despite Reaching 971 Million Monthly Users
SAN FRANCISCO — Snap Inc. reported continued financial losses in its latest quarterly filing, even as the social media giant recorded a user base of 971 million monthly average users following 15 year...
Ulta Beauty and e.l.f. Stocks Surge as Sector Reverses Post-Earnings Decline
NEW YORK — Shares of Ulta Beauty Inc. and e.l.f. Beauty Inc. posted significant gains on Monday, marking a sharp reversal for the cosmetics sector following a widespread selloff triggered by recent ea...
California Wildfire Bill Passes Without Liability Caps, Triggering Utility Stock Selloff
SACRAMENTO, Calif. (Aug. 31) — California lawmakers passed a comprehensive wildfire safety bill on Monday that omitted proposed liability caps for utility companies, sending shares of major energy pro...
E-commerce stocks retreat as traders take profits after August rally
NEW YORK — Shares of major online marketplace operators declined Monday as investors locked in gains following a significant monthly surge, raising questions about the sustainability of the recent upw...
Treasury Secretary Bessent Defends Bond Strategy After Criticism from Mentor Druckenmiller
ASHEVILLE, N.C. — Treasury Secretary Scott Bessent on Monday formally addressed a sharp critique of his bond-market strategy published by former boss and mentor Stanley Druckenmiller, defending the ad...
Marriott Vacations Insider Kathleen Pighini Sells 2,500 Shares for $300,000
HOUSTON — Kathleen Pighini, an insider at Marriott Vacations Worldwide Corp., sold 2,500 shares of the company's stock on Monday for a total value of $300,000. The transaction was executed on Aug. 31,...
Hennessy Fund Adjusts Portfolio to Navigate Economic Uncertainty in Q2 2026
NEW YORK, Aug. 31 (AP) — The Hennessy Equity and Income Fund has released its second-quarter 2026 investor letter, outlining strategic portfolio adjustments designed to capitalize on opportunities cap...