Stock Market & Financial News
Rio Tinto to acquire Aurukun bauxite project from Glencore, Mitsubishi Development
Rio Tinto has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson said on Tuesday.
GLCNF +3.06% Bitcoin Falls Below $79K as Fed Rate Hike Bets Pressure Crypto
Bitcoin fell below $79,000 on Tuesday as rising U.S. Treasury yields and growing expectations of a Federal Reserve interest rate hike weighed on the broader cryptocurrency market. Bitcoin traded just under $78,800, dropping more than 1% over the past 24 hours while retaining a modest weekly gain.
XRP Ledger Batch upgrade remains below 80% vote
XRP Ledger's BatchV1_1 amendment has 68.57% validator support but must remain above 80% for 14 days before activation.
Cardano ships node 11.1.1 ahead of Dijkstra
Cardano released node 11.1.1 as developers prepare DijkstraNet, Leios testing and a possible Dijkstra hard fork in late 2026.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
Cholesterol drug setback casts doubt over multibillion-dollar race
Novartis' pelacarsen failed to reduce cardiovascular events despite lowering the harmful cholesterol Lp(a). The setback raises uncertainty for rival experimental Lp(a) drugs from Amgen and Eli Lilly.
AMGN +1.82% 
Mistral bags $24 billion valuation as Samsung leads funding for Europe's AI champion
Mistral raised 3 billion euros ($3.5 billion) in funding at a 21 billion euro valuation. Samsung Electronics and the European Union-backed Scaleup Europe Fund are among the main investors.
SSNLF 0% 
Palantir: Bears Cannot Trap AI Leader Of The Meta-Compute Layer (Rating Upgrade)
Palantir is upgraded to a 'Buy' as its meta-compute layer and ontology-driven AI architecture solidify a unique moat in enterprise and sovereign AI. PLTR's value-based pricing model captures economic surplus from AI compute deflation, supporting 271% Y/Y U.S. commercial TCV growth and a 62% adjusted operating margin. Sovereign tech architecture and regulatory moats, evidenced by DoD wins and IL6/FedRAMP certifications, underpin the company's dominance in mission-critical AI deployments.
PLTR +5.17% 
Meta Platforms Is Too Attractive To Ignore
Meta Platforms remains a buy as revenue and cash flows rise despite recent stock underperformance versus the S&P 500. User engagement and monetization are strong, with 3.60 billion daily active people and family ARPU up to $16.86. Ad impressions and pricing are robust globally; Threads surpassed 500 million monthly active users, supporting growth.
META -0.31% 
Abercrombie & Fitch: Monstrous Returns Warrant Caution (Rating Downgrade)
Abercrombie & Fitch Co. has surged over 90% since May 2026, far outpacing the S&P 500. ANF delivered 15 consecutive quarters of net sales growth, double-beat earnings, and raised full-year guidance. Management's aggressive share repurchases—7% year-to-date—signal confidence and provide downside support.
ANF +0.83% 
GBP/USD Price Forecast: Consolidates below mid-1.3500s; bullish potential seems intact
GBP/USD Price Forecast: Consolidates below mid-1.3500s; bullish potential seems intact
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Advanced Drainage Systems: Structural Share Gains And NDS Synergies Support A Buy
Advanced Drainage Systems is rated Buy, supported by secular growth, business mix improvement, and acquisition synergies. WMS outperforms construction markets via thermoplastic pipe share gains and specification-driven selling, driving sustained revenue growth. Transitioning toward higher-margin allied and wastewater products, now 48% of revenue, enhances profitability and reduces resin dependency.
WMS -0.33% 
Samsung, SK Hynix send KOSPI above 7,100 as Nikkei buckles under yen pressure
Japan's Nikkei 225 struggled for direction on Tuesday while South Korea's KOSPI pushed higher, highlighting a widening split between two of Asia's biggest technology-heavy markets. The Nikkei swung around the flat line as a rapidly strengthening yen weighed on exporters and revived expectations for a Bank of Japan rate increase.
SSNLF 0% 
Liquid Network recovers 3,400 Bitcoin from white-hat hackers as talks continue over remaining $47M
The incident highlights the risks in federated sidechains, prompting scrutiny of security protocols and trust in decentralized finance systems. Liquid Network recovers 3,400 Bitcoin from white-hat hackers as talks continue over remaining $47M.
Pakistan Gold price today: Gold rises, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Silver Price Forecast: XAG/USD jumps to near $37 amid drop in US Dollar, bond yields
Silver Price Forecast: XAG/USD jumps to near $37 amid drop in US Dollar, bond yields
Gold benefits from weak USD; eyes $4,450 as focus remains on US CPI data
Gold benefits from weak USD; eyes $4,450 as focus remains on US CPI data
Malaysia Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Lumentum: Speed Is Everything
Lumentum's early 1.6T module execution is driving market-share gains, with this business already exceeding a $200 million quarterly revenue run rate. Growing optical circuit switch orders, purchase commitments, and 1.6T demand could support earnings above current FY28 consensus estimates. A higher 200G EML mix and factory utilization are margin levers that can lift gross margins to above 50%.
LITE +5.22% 
Michael Burry calls Lululemon his portfolio trickster: why he is buying the crash
Michael Burry is buying exactly what Wall Street wants nothing to do with. Lululemon stock (NASDAQ: LULU) has lost more than half its value this year after weak product launches, falling Americas sales and another guidance cut pushed the stock below $100 for the first time since 2018.
LULU +1.96% 
AfD state-election win raises pressure on Germany's Bitcoin tax fight
The crypto-tax discussion in Germany has become significantly more political. The right-wing party Alternative for Germany (AfD), which has made headlines with its call to maintain the low 12-month tax that Bitcoin enjoys, secured a victory in the recent state election in Saxony-Anhalt.
Trump said he'll stop Canada's Bombardier from being sold in the US
Trump threatened to stop Bombardier from selling its aircraft to the US. He said the Canadian manufacturer needs to build jets in the US to win business from US customers.
BOMBF 0% 
Morning briefing: EUR/USD likely to head towards 1.1700
Morning briefing: EUR/USD likely to head towards 1.1700
Hunter Biden Is Launching a LAPTOP Meme Coin – and TRUMP Losers Are Getting an Airdrop
Hunter Biden's LAPTOP meme coin has already spawned counterfeit tokens ahead of its September 9 launch on Base.
Aptos launches Confidential APT on mainnet for compliant use cases
Aptos' Confidential APT could redefine crypto privacy by balancing business needs with regulatory transparency, potentially influencing future token standards. Aptos launches Confidential APT on mainnet for compliant use cases.
Arthur Hayes critiques CLARITY Act's impact on Bitcoin, urges Trump veto
Hayes' critique highlights a tension between decentralization ideals and regulatory frameworks, potentially impacting Bitcoin's market dynamics. Arthur Hayes critiques CLARITY Act's impact on Bitcoin, urges Trump veto.
Canada's retaliatory tariffs take effect as US trade talks stall
Canada's retaliatory tariffs on U.S. goods took effect just after midnight on Tuesday as Prime Minister Mark Carney increased economic pressure on his country's biggest trading partner after negotiations collapsed last month, intensifying an 18-month-old trade war.
EWC +1.22% 
