Stock Market & Financial News
Novartis stock falls 10% after second drug setback in a week; analyst cuts PT
Novartis shares fell sharply on Tuesday after the Swiss drugmaker said its experimental treatment for myotonic dystrophy failed in a late-stage clinical trial, marking another setback for a pipeline that investors had been counting on to drive future growth. The stock fell about 10% following the announcement and has now lost more than 14% over the past five trading sessions.
NVS -0.12% ‘The chain is now earnings': Bernstein sees 31% upside for Robinhood as fees top Solana, BNB Chain
Bernstein sees 31% upside for Robinhood as its new chain tops Solana in fees, generating $33 million over 15 days.
Machine learning algorithm sets AMD stock price for September 30, 2026
Finbold's machine learning algorithm predicted that, after an overall substantial rally in 2026 but also a significant decline since late June, Advanced Micro Devices (NASDAQ: AMD) stock is likely to consolidate and even slightly rise relative to its latest close at $477.57.
AMD -3.9% Cardano partners with Blockforce to anchor 500K supply chain records for Brazilian exporters
Cardano's partnership with Blockforce enhances supply chain transparency, potentially setting a precedent for compliance in global trade regulations. Cardano partners with Blockforce to anchor 500K supply chain records for Brazilian exporters.
Credo: Buy The AI Connectivity Pullback, But Do Not Chase Blindly
Credo Technology Group (CRDO) delivered strong Q1 FY2027 results, with revenue up 114.7% year-on-year and robust non-GAAP profitability. Q2 guidance signals continued growth, but margin concerns and high valuation temper enthusiasm, leading to a 'Buy' rather than 'Strong Buy' rating. CRDO's expanding AI connectivity portfolio and DustPhotonics acquisition broaden its addressable market, but integration and margin risks remain.
CRDO -3.7% 
Stock Market Today: Oil Nears $100, Stock Futures Sink
Brent crude climbs after reports of Houthi attacks on Saudi Arabia
BNO +2.81% 
Meta stock jumps 4% after Muse Spark 1.3: why BofA still sees 32% upside
Meta stock (NASDAQ: META) jumped sharply after the company released Muse Spark 1.3, giving investors evidence that its AI spending may eventually produce returns. The model is designed for coding and longer-running agentic tasks.
META -0.06% 
Altcoins Overtake Bitcoin in Open Interest for First Time Since 2024
Altcoin perpetual futures open interest has surpassed Bitcoin's for the first time since December 2024 as altcoin market cap tops $200 billion and Zcash leverage rises.
PetroChina: Still A 'Buy' After H1 Outperformance
PetroChina remains a 'Buy' after a robust 1H26, with net income up 22% year-over-year and all divisions expanding operating profit. PCCYF's upstream and natural gas segments outperformed, benefiting from higher realized oil prices and cost optimization. Geopolitical tensions and resilient oil demand are expected to support further profit growth, with consensus forecasting a +16% bottom-line expansion for full-year FY26.
PCCYF +0.81% 
Bitcoin faces pressure from yen rally and rising bond yields as carry trade unwind looms
Bitcoin's vulnerability to macroeconomic shifts highlights the broader risks for non-yielding assets amid global financial volatility. Bitcoin faces pressure from yen rally and rising bond yields as carry trade unwind looms.
Bitcoin rallies past $80K as US fiscal concerns drive gold-like behavior
Bitcoin's rise as a value store amid fiscal concerns may redefine its role in financial markets, challenging gold's traditional dominance. Bitcoin rallies past $80K as US fiscal concerns drive gold-like behavior.
Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets
Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally.
Robinhood Chain Volume Pushes Uniswap's UNI Burn Past $250M a Year
Uniswap founder Hayden Adams says the protocol's annualized UNI burn rate has passed $250 million, up from the $200 million pace he flagged days earlier.
Bitcoin Must Reclaim This Level Soon or Risk Slide Toward $50K: Analyst
A daily close above that level could shift Bitcoin's next targets toward $89,000-$91,000 before a potential run at $100,000.
CEF Weekly Review: Saba Goes After BPRE
We review the CEF market valuation and performance through the last week of August and highlight recent market action. Closed-end fund (CEF) market was mixed, with fixed-income sectors mostly outperforming and sector discounts reverting to long-term averages. Saba's activist push at BPRE targets management termination amid weak performance, high fees, and a focus on raising distributions to attract investors.
CEF +0.22% 
Gold –08.09.2026
Gold still holds below the resistance of 4440-60 which adds pressure to the market. As we see over the chart, the Intraday levels show resistance at the 4440-60 zone, where as long as the market hold below it, the drop pressure could sustain with supports at 4365 and 4280.
USD/JPY –08.09.2026
USDJPY managed to resume the drop as traders anticipate a rate hike from the Bank of Japan next week. The market faces support around the 152.00-15 zone while resistance at 155.00-20 could lead to a trading zone here.
TYG: Why This Energy Fund Is Still Only A Hold
Tortoise Energy Infrastructure Corp. is rated Hold due to insufficient discount to NAV, despite an attractive energy infrastructure portfolio. TYG's 26% leverage and 3% NAV expenses amplify both upside and downside, making entry price and discount level critical for risk-adjusted returns. The fund's concentrated holdings in midstream, LNG, and power infrastructure position it well for rising U.S. energy demand, but capital allocation risks remain.
TYG +1.17% 
GBP/USD –08.09.2026
Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675.
EUR/USD –08.09.2026
The Euro hit a correction towards the target and support of 1.1570, as the market still holds above this support since last week. As we see from the chart and as long as the market holds above this support, a rebound towards 1.1710 is likely.
HashKey Cloud joins Stacks Bitcoin staking launch
HashKey Cloud joined Stacks' Genesis Bond and sBTC signer set as the network prepares to launch self-custodial Bitcoin staking.
Bombardier: Next Leg Of Growth Appears In Reach
Bombardier Inc. is executing a focused strategy in business jets, aftermarket services, and defense, driving operational turnaround and backlog growth. I reiterate a Buy rating with a 12-month price target of U$250 (C$350), reflecting confidence in management's disciplined capital deployment and vertical integration progress. Q2 saw record aftermarket revenue, improved leverage to 1.6x net debt/EBITDA, and a $21.8Bn backlog, supporting sustained multiple expansion near 14x EV/EBITDA.
BOMBF 0% 
Zcash (ZEC) Posts 2 Major Signals: Analyzing Risks of 50% Rally
Although Zcash has continued to soar above $1,200, two technical indicators point to a growing likelihood of a significant correction. ZEC is still structurally bullish, but after its most recent increase, the extreme divergence from its moving averages and waning momentum merit consideration.
ExxonMobil: Buy Only If You Believe The War Premium Will Last
ExxonMobil delivered robust Q2 2026 results, with earnings more than doubling and free cash flow reaching $17.2 billion despite Middle East disruptions. XOM's integrated model, Guyana and Permian growth, and global trading offset significant volume losses, validating its resilience amid geopolitical shocks. The investment case hinges on sustained Middle East conflict; the current valuation reflects most upside, with only a 6–7% potential unless war premiums persist.
XOM +2.71% 
Crypto: Solana's Capacity for Intricate Transactions is Tripled
Solana strengthens its crypto transaction ceiling to catch up with Ethereum on complexity, during the same week Ethereum, on its side, is preparing the end of the obligation to hold ETH to transact. Two competing networks, two opposite strategic projects, and a shifting balance of power quietly taking shape behind the scenes.
Apple's New CEO Has a Hardware Event and an AI Problem
John Ternus has been Apple's CEO for all of eight days, counting weekends, which I'm sure he worked. This coming Wednesday he headlines his first keynote, an event Apple has titled “Surprise and shine.
AAPL +1.11% 
F2Pool co-founder says Zcash rally is narrative, not fundamentals
Zcash's speculative surge highlights the risks of market narratives overshadowing fundamental utility, potentially leading to volatile corrections. F2Pool co-founder says Zcash rally is narrative, not fundamentals.
Silver Price Forecasts: XAG/USD holds around $66.00 buoyed by US Dollar weakness
Silver Price Forecasts: XAG/USD holds around $66.00 buoyed by US Dollar weakness
Coldcard Wave 3 Operator Begins Cashing Out Stolen Bitcoin via THORChain and CoinJoin
The operator behind the so-called Wave 3 cluster of Coldcard hardware-wallet thefts has begun systematically cashing out stolen bitcoin after weeks of inactivity, according to a Monday update from Galaxy Research.
REM: Improving Fundamentals, But Caution Signs Remain (Upgrade)
I upgrade iShares Mortgage Real Estate ETF to Hold, reflecting improved fundamentals in top holdings despite persistent risk factors. REM's leading positions in NLY, AGNC, and STWD show reduced leverage, better net interest margins, and greater portfolio diversification. REM's 8.9% dividend yield appears sustainable in the near term but remains vulnerable to interest rate volatility and leverage-driven risks.
REM +1.27% 
