Stock Market & Financial News
88 Energy retains Cavendish buy rating as Namibia exploration moves to next phase
88 Energy Ltd (AIM:88E, ASX:88E, OTCQB:EEENF, FRA:POQ) has secured a bullish endorsement from Cavendish, with the broker pointing to 1,786% upside despite a pending regulatory hurdle in Namibia. Cavendish reiterated its 'buy' rating and massive 19.8p price target following a strategic operational update on the group's highly prospective Namibian acreage.
EEENF Ondine Biomedical share price rallies following 40% drop in surgical infections
Ondine Biomedical Inc (AIM:OBI, OTC:OBIMF), the life sciences company, traded at 13.4p, up 14%, in early London trade following the release of successful phase 3 clinical trial results. Positive topline data from the LANTERN study demonstrated the efficacy of the company's nasal photodisinfection technology in preventing surgical site infections.
OBIMF Bunzl wins broker approval but valuation concerns remain
Bunzl PLC (LSE:BNZL)'s stronger first-half margin performance and new £500 million share buyback prompted a positive read-through from brokers, though both Jefferies and Panmure Liberum remain cautious on the shares. Panmure Liberum noted that adjusted operating profit of £440.6 million, up 8.9%, was ahead of its £431 million forecast, while Jefferies similarly highlighted a better-than-expected margin performance.
BZLFY Strive Becomes the Fifth-Largest Public Bitcoin Holder
Strive steps up a gear. The Nasdaq-listed asset manager (ASST) has just acquired 1,800 additional bitcoins for a total bill of around 143 million dollars.
John Ternus Replaces Tim Cook as Apple CEO
Big technology and management changes are greeting John Ternus, whose long-serving predecessor, Tim Cook, will stay on as executive chair.
AAPL 
North Korean Hackers Move $30M Through Hyperliquid, Onchain Data Shows
Arkham researcher Emmett Gallic says Lazarus-linked addresses moved more than $30 million through Hyperliquid's HyperUnit service in August.
‘I feel like I'm grieving': staff on the devastating fallout of widespread layoffs at Xbox
Last month, Microsoft's gaming division told its workforce it was cutting 3,200 jobs, which some say will have big ramifications for game development – as well as taking a huge personal toll
MSFT 
Cronos validators erase transaction history to contain massive $75 million lending protocol exploit
The network-wide pause appears to have kept most affected assets on-chain, but users still lack a restart timetable or official accounting.
Novo Nordisk launches Wegovy weight-loss pill in Germany
Novo Nordisk has launched its Wegovy pill in Germany, a spokesperson for the Danish drugmaker said on Tuesday, with investors keenly focused on the oral weight-loss treatment in light of intensifying competition with U.S. rival Eli Lilly.
NVO 
Economists Say BoC Can Wait, Markets Price Earlier Hikes. What It Means for USD/CAD.
TL;DR: The Bank of Canada's Wednesday hold at 2.25% is fully priced, but economist consensus (first hike in Q4 2027) and market pricing (roughly 1.76 hikes by March 2027) disagree sharply on what comes next — making the statement's tone, not the decision itself, the real driver for USD/CAD.
Ripple SettleMint Partnership Launches Tokenised Asset Platform
Integrated custody and lifecycle tools debut in Asia Pacific before a planned expansion into other regulated markets.
Why the S&P 500 could defy the 'September Effect' this year
The US stock market enters September with strong momentum but faces a familiar seasonal test, as the S&P 500 heads into a month that has historically delivered the weakest average returns of the year. The benchmark gained 2.6% in August, its strongest August performance since 2021, and is up 12.3% in 2026.
IVV 
SKYX Platforms: Still Plugged In Despite The Delays
SKYX Platforms continues to show revenue acceleration, with H1 up 9.7% YoY, marking its 10th consecutive quarter of growth. Supply timelines for construction projects have slipped, and unit economics remain somewhat opaque, with derived revenue per unit ranging from $30-$100. Gross margins fell in Q2, and management's path to sustainable cash flow positivity by year-end remains unconvincing given current burn rates.
SKYX 
Institutional investors boost XRP futures exposure on CME amid broader market pullback
Institutional interest in regulated XRP futures may signal a shift towards safer trading environments, impacting future market dynamics. Institutional investors boost XRP futures exposure on CME amid broader market pullback.
Black Hills: A 439 MW Utility With A Three GW Data Center Pipeline
Black Hills Corporation is rated Buy, supported by a robust 600 MW data center load from Microsoft and Meta already in the financial plan. BKH expects the initial 600 MW to drive over 10% of consolidated EPS growth from 2028, with minimal capital outlay required for this tranche. The remaining 2.5+ GW prospective pipeline, including a 1.8 GW hyperscale project, offers significant optionality but is not yet included in earnings estimates.
BKH ![Gold – Potential for the bigger drop [Video]](https://images.financialmodelingprep.com/news/gold-potential-for-the-bigger-drop-video-20260901.jpg)
Gold – Potential for the bigger drop [Video]
Gold – Potential for the bigger drop [Video]
Live updates: Bitcoin ETFs resume buying as ether funds stretch streak to 11 days
The bitcoin funds took $217 million Monday, one session after an outflow ended their nine-day run. Ether ETFs have not posted a red day since mid-August.
Tesla stock jumps 5.5% ahead of Cybercab launch: can its $1.45T valuation hold?
Tesla stock (NASDAQ: TSLA) surged 5.5% on Monday as investors positioned for a key autonomy event, putting its $1.45 trillion valuation back under scrutiny. The stock closed at $367.95 on August 31, extending its August gain to about 18% as the broader market slipped.
TSLA 
Bitcoin's Price Rally Fuels Binance's Record $15.7B August Inflows
Binance, the largest exchange by traded volume, received over $15.7 billion in inflows in August, as bitcoin's price and the crypto market valuations rebounded. The exchange dwarfed its competitors, managing to overshadow them by gathering over 75% of the digital assets ecosystem inflows.
UnitedHealthcare Unveils 1,700 Treatments No Longer Needing Prior Approval
UnitedHealth Group's United Healthcare health insurance business said 1,700 diagnostic codes tied to treatments and procedures will soon no longer require prior approval.
UNH 
EUR/USD, USD/JPY Forecast: Two trades to watch
EUR/USD is trading below 1.16 as the euro comes under pressure from a stronger U.S. dollar, weaker German retail sales and rising oil prices ahead of Eurozone inflation data.
USD/CAD price outlook: US Dollar/Canadian Dollar rejects failed arc breakout
USD/CAD price outlook: US Dollar/Canadian Dollar rejects failed arc breakout
EUR/GBP: Two Weeks of Compression Reach Their Breaking Point
The euro is closing out August with genuine momentum, having climbed to $1.1697 against the dollar, its strongest level in three months, on the back of ECB hike bets that keep gaining traction. French and Spanish inflation both surprised to the upside, with Spain's harmonised reading hitting 4.5%, its highest since 2023, reinforcing market expectations that the ECB deposit rate could climb to 2.80% by next March, from 2.25% currently.
Global Bond Yields Surge as Oil Prices Fuel Inflation Worries
Global bond yields surged Tuesday as renewed tension between the U.S. and Iran reinforced inflation expectations, which increased the prospect of interest-rate hikes in the coming months.
GTLL 
I led the first jury win against Tesla's Autopilot. I get too many inquiries on potential cases to review them all.
Brett Schreiber led the first Tesla Autopilot case in which a jury found the company liable. Schreiber said he has more inquiries about potential cases related to Tesla's Autopilot and FSD.
TSLA 
Micron's Taiwan unions threaten strike over bonus dispute
Micron Technology's labour unions in Taiwan representing two-thirds of its workers said they were moving toward a possible strike unless the U.S. memory-chip maker agrees to overhaul its bonus system and adequately share its profits.
MU 
Ripple expands APAC custody through SettleMint deal
Ripple and SettleMint have integrated custody and tokenization tools, giving Asia-Pacific financial institutions one digital asset platform.
Cronos restarts network after emergency halt over Tectonic exploit
Cronos has resumed block production after validators halted the network during an exploit targeting Tectonic and restored the chain state to a point before the attack.
Tsakos Energy Navigation: Buy Before Earnings
Tsakos Energy Navigation remains undervalued, with a prior target of $50 per share based on strong earnings expectations. TEN's sale of a VLCC for $83 million post-debt strengthens its capital buffer and reflects disciplined capital allocation. TEN continues its diversification strategy, adding a second LNG carrier at $254 million.
TEN 
