Stock Market & Financial News
Uber stock rises as company cuts 3,300 jobs: here's what investors should know
Uber Technologies is cutting about 3,300 jobs as Chief Executive Dara Khosrowshahi moves to streamline the company's organization, reduce costs and speed up decision-making at a time when the ride-hailing giant is preparing for a potentially disruptive shift toward autonomous vehicles. The cuts, equivalent to roughly 10% of Uber's workforce, sent shares about 2% higher in premarket trading Wednesday.
UBER GBP/USD –02.09.2026
GBPUSD fell below the support at 1.3520 which could lead to another drop towards the trend line support zone around 1.3400-25. From that zone a rebound will be expected with resistance at 1.3565.
EUR/USD –02.09.2026
The Euro hit a correction towards the target and support of 1.1570. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.
5 Things to Know Before the Stock Market Opens on Wednesday
Stock futures are mixed this morning as the market looks to rebound from a recent slump; Dell shares are surging after the tech giant reported strong results and boosted its forecasts; AI chipmaker Broadcom and database software firm Snowflake are set to report earnings this afternoon; GitLab shares are soaring after a strong quarterly report; and MongoDB stock is tumbling despite solid results. Here's what you need to know today.
AVGO 
Why You Should Retain Nutrien Stock in Your Portfolio Now
NTR benefits from strong potash and nitrogen demand, higher fertilizer prices and cost gains, while sulfur costs and volume constraints weigh on results.
NTR 
Bakken Project Adding Promise For MDU Resources (Rating Upgrade)
MDU Resources Group is upgraded to a cautious Buy, supported by regulatory wins, renewable investments, and pipeline project momentum. MDU delivered higher net income despite revenue declines, reaffirming FY 2026 EPS guidance of $0.93–$1.00 and targeting 6–8% long-term EPS growth. Recent regulatory outcomes, a 3.6% dividend hike, and progress on the Bakken East pipeline underpin MDU's improved outlook.
MDU 
Yatsen Q2 Earnings Call Highlights
Yatsen NYSE: YSG reported second-quarter 2026 revenue growth of 5.1% as continued strength in its skincare portfolio offset a sharp decline in color cosmetics sales, while higher inventory provisions and increased marketing spending widened the company's losses.
YSG 
Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil
JOLTS turnover weakened, but ISM prices at 71.1 and a 66% closing hike probability kept the rates threat alive.
What September Lull? 6 ETFs to Buy Instead
September may bring seasonal volatility, but strong earnings and key growth themes could support these ETFs.
CIBR 
FuelCell Stock Shut Down by Top-Line Whiff
FuelCell Energy Inc (NASDAQ:FCEL) stock is set to be one of the worst-performers on Wall Street today, down 13.3% in electronic trading.
FCEL 
The AI Boom Isn't Just About Chips. These 3 Overlooked Stocks Keep Data Centers Running
Everyone is betting on GPU makers, but the real bottleneck in the AI arms race sits in the concrete, copper, and chilled water keeping those chips alive. Three infrastructure stocks are already converting that bottleneck into record backlogs.
FIX 
British American Tobacco: The Pullback Is A Gift For Income Investors
British American Tobacco offers compelling value trading at 11.5x forward earnings with a 6% dividend yield. NGP revenue grew 18% YoY, with Velo now the global leader in Modern Oral and strong U.S. market share gains. Management guides for 5–8% adjusted EPS growth in 2026, supported by NGP momentum and improving profitability.
BTI 
One Number Tells Me Nvidia Stock Could Go Much Higher
A single data point buried in Nvidia's latest earnings call flipped my read on where this stock is actually headed, and the market has not caught up yet.
NVDA 
IREN: AI Pivot Is Finally Gaining Real Traction Now (Upgrade)
IREN Limited is successfully transitioning from Bitcoin mining to AI infrastructure, leveraging its data center expertise amid surging enterprise AI demand. IREN reports $4B in ARR and $707M FY2026 revenue, with multi-year contracts and $6.5B in GPU financing, validating its growth trajectory. Management's prepayment model and strong financing visibility reduce equity needs, supporting ambitious capacity and revenue expansion through 2030.
IREN 
XLE Tops August Sector Rankings as Energy Stocks Surge
The State Street Energy Select Sector SPDR ETF (XLE) gained 7.4% in August, according to State Street. That was the best performance among the 11 Select Sector SPDR funds that track the S&P 500.
XLE 
T. Rowe Price Global Distro Head Talks Active ETFs on Bloomberg
The active ETF universe grows week by week, with active ETF launches a key driver of overall ETF growth. Firms like T.
GTLL 
Bitcoin price outlook ahead of Sep 15-16 FOMC meeting
Bitcoin price slipped to $76,623 on September 2 as investors prepared for two events this month. The leading cryptocurrency lost 1.88% over 24 hours, extending weakness after failing to hold momentum above $80,000.
XRP Faces a New CLARITY Act Question as SEC Builds Blockchain Market Rails
XRP's regulatory debate is shifting from securities litigation toward how CLARITY Act and SEC rules integrate crypto into U.S. financial markets.
Immunic to host virtual relapsing MS R&D Day on September 9
Immunic Inc (NASDAQ:IMUX, FRA:10VA) announced that it will host a virtual research and development day focused on relapsing multiple sclerosis on September 9, as the biotechnology company prepares for topline results from its Phase 3 ENSURE trials expected by the end of 2026. The event will feature Immunic management, including CEO Erik Lundgren, chief medical officer Michael Panzara, chief scientific officer Hella Kohlhof and president and chief operating officer Jason Tardio.
IMUX 
Midnight Sun Mining shifts to targeted drilling as Phase Two begins at Dumbwa
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) has begun a Phase Two exploration program at its Dumbwa copper deposit in Zambia, the company said, shifting from broad systematic drilling to a more targeted strategy aimed at expanding higher-grade mineralization. The new phase builds on Phase One, which saw nearly 75,000 metres of drilling across the initial 11.5 kilometres of the roughly 20 kilometre Dumbwa copper-in-soil anomaly.
MDNGF 
XRP Reserve On Binance Hits Monthly Low After 500M-Token Exit
CryptoQuant data shows XRP reserves on Binance falling to their lowest monthly average since February 2024, after roughly 500 million tokens left the exchange over the past several months. The decline takes Binance's XRP balance from above 3.1 billion tokens in November 2025 to around 2.
Salesforce: Agentforce Is Turning The AI Threat Into A Growth Catalyst
I am initiating coverage of Salesforce with a Buy rating with a $430 price target, as AI is proving to be a monetization layer rather than a threat. My investment thesis is driven by Agentforce monetization, Data 360, and Informatica adoption, and modest acceleration across Salesforce's much larger application business. The valuation remains attractive despite the recent recovery, with CRM trading at a 0.97x forward non-GAAP PEG, roughly 19% below the sector median.
CRM 
ADP Says US Companies Added 38,000 Jobs in August
Private payrolls rose by 38,000 in August according to ADP research. Economists expected a gain of 47,000.
ADP 
Brown-Forman Quarterly Sales Slip on Tequila Slowdown
The whiskey giant's earnings per share outpace analysts' expectations; the company has contended with sluggish spirits market.
BF-A 
Nvidia and CrowdStrike Develop New Cybersecurity AI Models
Plus, models from Anthropic, Google and World Labs
CRWD 
When Governments Want to Direct Your Wealth, Bitcoin Offers an Exit
You have all probably heard the speech that Ursula von der Leyen, the European Commission President, gave at the annual conference “La Rencontre des Entrepreneurs de France 2026,” held on August 26th. It's been circulating on crypto Twitter like wildfire throughout the past few days.
Eos Energy (EOSE) Stock Surges 12% on $350M Google Energy Deal in West Virginia
Shares of Eos Energy Enterprises (EOSE) experienced a 12% surge on Wednesday following the announcement of a strategic partnership with MN8 Energy and Google to develop a combined solar and battery storage facility in West Virginia.
Tim Cook invokes Steve Jobs in his last message to Apple employees—just like he did when he became CEO
Today marks a historic turning point for Apple. After 15 years at the helm, Tim Cook is no longer the company's CEO.
AAPL 
Bancorp's Fintech Comeback Gains Momentum
The Bancorp, Inc. NASDAQ: TBBK has spent the past two years working to live down a credibility crisis, and its latest quarter suggests it is largely succeeding.
TBBK 
Dogecoin (DOGE) Invalidates Most Important Level Since May
After failing to establish a sustainable reversal during its August rally, Dogecoin has returned to a crucial technical zone. Arguably its most significant moving-average level since May, DOGE is currently trading at $0.0808, falling below the 100-day EMA near $0.0816.
