Markets
S&P downgrades Leslie’s to CCC- on restructuring risk
Ratings agency warns of potential selective default within six months if debt restructuring proceeds. Term loan trades near 20 cents on the dollar.
S&P upgrades Somnigroup to 'BB+' on debt reduction, positive outlook
Rating agency cites improved leverage metrics, Mattress Firm integration, and forecasted EBITDA growth. Outlook remains positive with potential further upgrade.
SEC charges ex-Bank of America banker with insider trading
Jason Satsky allegedly tipped Gavin Wolfe about an $8.1 billion buyout of South Jersey Industries, enabling illegal profits of $18.5 million. SEC seeks fines and trading bans.
Nvidia fiscal Q2 2027 earnings: $92B revenue seen, margin focus ahead
Analysts expect Nvidia to report $91.9B in revenue for fiscal Q2 2027, with gross margins and China demand among key watchpoints after four straight upside surprises.
Hedge funds and mutual funds pile into AI infrastructure stocks
Goldman Sachs identifies Bloom Energy, Flex and Seagate Technology as the most widely added AI names by both hedge and mutual funds in Q2. Financials sector exposure hits multi-year highs.
German CDU leader urges EU tariffs on Chinese hybrid cars
Lower Saxony's CDU chairman calls for swift EU import duties on Chinese hybrid vehicles, citing subsidized competition and rising import pressure. Volkswagen's Wolfsburg base highlighted as regional concern.
Canada’s Big Six banks enter Q3 2026 earnings on four-quarter beat streaks
All six lenders report between Aug 25-27 as consensus EPS estimates rise 5.6% to 12.1% over the past year, while shares pull back 5% to 7% from recent highs.
Greenland approves rare earths license transfer to Greenland Mines
Government of Greenland grants approval for transfer of mineral exploration license for the Sarfartoq neodymium-praseodymium project, a key step in Greenland Mines' acquisition.
BIGG Digital to rebrand as Surge Digital, shares to consolidate 7-for-1
Canadian crypto firm BIGG Digital Assets will change its name to Surge Digital and reduce its share count by 85.7% in a 7-for-1 consolidation effective Aug. 26. Trading to switch to SRGE on TSXV.
Mexico expects trade deal with U.S. to mirror emerging U.S.-Canada pact
Mexican Economy Minister Marcelo Ebrard anticipates outcomes similar to ongoing U.S.-Canada negotiations. Talks focus on tariff pauses, automotive rules, and North American supply chains.
Guggenheim fund shares plunge to 17-year low after short-seller report
The NYSE-listed Guggenheim Strategic Opportunities Fund fell 3.7% Friday after a short-seller report alleged unsustainable distribution practices tied to share issuance.
Central banks hold most gold reserves at Bank of England, World Gold Council data shows
Survey finds 57% of central banks use the Bank of England as a foreign custodian for gold reserves, with Goldman Sachs estimating monthly purchases by official sector at 50 tonnes through 2026.
Roche issues CHF 410 million bond due 2036 with 1.095% coupon
The Swiss healthcare giant places a new 10-year Swiss franc bond at par, offering an annual yield of 1.095%. The issue is rated Aa2 by Moody's and trades from a minimum of 1,000 nominal units.
Solana Company outlines governance voting stance ahead of on-chain ballot
Solana Company will support the Solana Constitution proposal while opposing two others on disinflation and fee structures ahead of the weekend vote.
Nomura’s Laser Digital secures Japan’s first crypto exchange license in four years
Laser Digital, a unit of Nomura Group, becomes the first crypto exchange to receive Japan’s Financial Services Agency authorization since 2022, as regulators shift oversight toward stricter financial-asset rules.
MicroCloud Hologram buys $15.76m in MicroStrategy shares
The NASDAQ-listed tech firm acquired 140,268 MicroStrategy shares through a structured note settlement, citing digital asset investment strategy.
Yatra Online receives unsolicited $1.10 per share tender offer from Magna Holdings
Magna Holdings proposed purchasing up to 20 million shares, representing roughly 31% of Yatra’s outstanding stock. The offer expires Sept. 17 unless extended, and Yatra’s board urged shareholders to await its formal recommendation.
Aligned launches $ALIGN token with 10 billion fixed supply for Ethereum stack
Utility token for Proof Aggregation and Wallet-as-a-Service debuts with 1.6 billion tokens in circulation. Airdrop targets developers, researchers and ecosystem partners.
Eric Trump-backed Space-Eyes to add ex-Delta Force officer, ex-banker to board
Space-Eyes, a drone and geospatial intelligence firm backed by Eric Trump, plans to appoint a former Delta Force officer and a former Morgan Stanley banker to its board as it prepares for a $638 million public listing via a SPAC merger.
Four oversold stocks with double-digit upside potential after August selloff
AppLovin, Signet Jewelers, Cirrus Logic and Smithfield Foods are trading near multi-month lows with RSI below 30, analyst targets exceeding current prices by up to 81%, and valuation metrics suggesting upside of 24% to 51%.
SMI rebounds to close higher on strong pharma, cyclical stocks
Swiss benchmark rises 0.62% after midday reversal led by Roche and Novartis; broader gains in materials and industrials offset early losses. Brent crude remains above $94 a barrel amid Middle East tensions.
Dino Polska Q2 2026 EPS beats estimates as deflation weighs on sales
Polish grocery chain posts 4.9% EPS beat despite 0.7% revenue miss, with like-for-like sales growth slowing to 0.3% amid food price deflation. Shares rise 5.8%.
Metals Royalty secures $165m financing for iron ore royalty acquisition
The Metals Royalty Company will use proceeds from a $165m package to fund a Mesabi Metallics iron ore royalty acquisition and refinance debt. The financing includes $140m in convertible notes and a $25m term loan.
Morgan Stanley lifts India steel stocks outlook on price strength
Indian steel equities seen extending gains as hot-rolled coil prices rise 27% from December lows, while Morgan Stanley flags near-term monsoon risks.
Dollar chains face mixed outlook ahead of Q2 earnings, Haskett revises same-store sales
Gordon Haskett adjusts same-store sales estimates for Dollar General, Dollar Tree and Five Below ahead of Q2 earnings, while trimming guidance for Ollie's Bargain Outlet.