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News Archive

August 29, 2026Connected
25 storiesLast updated: 1:25:17 AM

Stocks

StocksBearish

China Solar Giants Report Heavy H1 Losses Amid Overcapacity and Trade Barriers

Key Facts

  • •Jinko Solar, JA Solar, and Tongwei reported six-month losses due to overcapacity and weakening demand.
  • •China's solar equipment exports declined by 21.4% last month due to upgraded trade barriers.
  • •New solar capacity additions in China fell to 72.07 GW in H1 2026 compared to 212.2 GW a year earlier.
Impact:
7/10
about 3 hours ago

Geopolitics

GeopoliticsBearish

US DOJ Revives Ancient Prize Law for Iranian Oil Tanker Seizures

Key Facts

  • •The US Justice Department is planning to use centuries-old 'prize law' to streamline the seizure of Iranian oil tankers.
Impact:
6/10
about 4 hours ago

Macro Economy

Macro EconomyBullish

S&P Affirms Portugal's A+ Rating with Positive Outlook

Key Facts

  • •S&P Global Ratings affirmed Portugal's long-term credit rating at A+.
  • •The agency maintained a 'positive' outlook for Portugal, indicating potential for a future upgrade.
Impact:
5/10
about 4 hours ago

Commodities

CommoditiesBullish

Corn and Wheat Prices Surge to 3-Year Highs on Supply Concerns

Key Facts

  • •Corn and wheat prices climbed to their highest levels in more than three years.
  • •Tighter U.S. supply expectations are driving the surge in corn prices.
  • •Wheat prices are being pushed higher by export disruptions in the Black Sea region.
Impact:
5/10
about 5 hours ago

Crypto

CryptoBullish

Ethena Expands USDe into Equity Perpetuals to Boost Synthetic Dollar Yields

Key Facts

  • •Ethena revealed plans to extend the basis strategy behind USDe into equity perpetual futures.
  • •The protocol aims to capture funding yields more than five times higher than those currently offered by Bitcoin.
Impact:
5/10
BTC
about 4 hours ago
StocksBullish

Meta Settles Child Safety Trial for $16.7B to Resolve Legal Overhang

Key Facts

  • •Meta Platforms is settling its child safety trial for approximately $16.7 billion.
Impact:
6/10
META
about 5 hours ago
StocksBearish

Marvell Stock Plummets 10% Despite Record Q2 Earnings and Raised Outlook

Key Facts

  • •Marvell Technology stock fell 10% in Friday's trading session following its Q2 earnings release.
  • •The company posted record Q2 results and raised its longer-term outlook.
Impact:
6/10
MRVL
about 3 hours ago
StocksBullish

FDA Grants Juul Labs Marketing Authorization for New Juul2 System

Key Facts

  • •The US Food and Drug Administration (FDA) granted Juul Labs authorization to market the Juul2 System.
Impact:
6/10
about 5 hours ago
StocksBullishUpdated

FDA Approves Takeda's MIMRYLO for Polycythemia Vera Treatment

Key Facts

  • •The U.S. FDA approved a first-of-its-kind drug from Takeda Pharmaceutical and Protagonist Therapeutics to treat a rare blood cancer.
Impact:
6/10
about 3 hours ago
StocksBullish

FDA Authorizes Juul Labs' New Juul2 Vaping Device for US Market

Key Facts

  • •Juul Labs has received approval from the U.S. Food and Drug Administration (FDA) for its Juul2 device.
Impact:
6/10
about 5 hours ago
StocksBearish

PayPal Shares Plunge 13% as Stripe-Advent Takeover Collapses

Key Facts

  • •PayPal shares fell 12.71% following reports that Stripe and Advent International abandoned a $50 billion acquisition bid.
Impact:
6/10
PYPL
about 5 hours ago
StocksBearish

US Banks Halt Delaware Life Sales Amid Federal Probe Into $20B Asset Reporting

Key Facts

  • •Truist Financial and Fifth Third Bancorp have paused sales of Delaware Life insurance products, owned by billionaire Mark Walter.
  • •Concerns involve federal probes into how the parent company reported $20 billion in assets affiliated with other entities controlled by Walter.
Impact:
6/10
TFCFITB
about 5 hours ago
StocksBullish

FDA Approves Takeda's Mimrylo for Rare Blood Disorder Treatment

Key Facts

  • •The US FDA has approved Takeda's drug Mimrylo for the treatment of polycythemia vera.
Impact:
5/10
about 3 hours ago
StocksBullish

Septerna Surges on Novo Nordisk Partnership and GPCR Drug Discovery Progress

Key Facts

  • •Septerna has surged over 315% since May 2025, driven by its GPCR-focused drug discovery.
  • •The company recorded $26.7m in Q2 collaboration revenue from its partnership with Novo Nordisk.
  • •The oral drug SEP-479 for hypoparathyroidism is a key catalyst with pivotal data expected in Q1 2027.
Impact:
5/10
SEPT
about 3 hours ago
StocksBullishUpdated

Nvidia’s Bullish Fiscal Outlook Surges as SpaceX Partnership Takes Center Stage

Key Facts

  • •SpaceX plans to spend heavily on chips and recently announced it will exclusively purchase from Nvidia.
Impact:
5/10
NVDASPCX
about 4 hours ago
StocksBullish

Numinus Wellness Revenue Jumps 29% as Trump Signs Psychedelic Research Order

Key Facts

  • •Numinus Wellness reported Q4 2025 revenue of $2.3 million, a 29% increase over the previous quarter.
  • •President Donald Trump signed an executive order to accelerate review of psychedelic-based treatments and committed $50 million in federal support.
Impact:
5/10
about 5 hours ago
StocksBearish

D-Wave Quantum Stock Plummets 16.6% Following CFO Retirement and Widening Losses

Key Facts

  • •D-Wave Quantum stock fell 16.6% during the week ending August 28, 2026.
  • •CFO John Markovich announced an abrupt retirement, spooking investors.
  • •The company's Q2 operating loss more than doubled to $54.7 million.
Impact:
5/10
QBTS
about 4 hours ago
StocksBullish

Ackman’s Pershing Square Discloses $3.3B Stakes in Visa, Mastercard, and S&P Global

Key Facts

  • •Bill Ackman's Pershing Square disclosed new stakes of approximately $1.1 billion each in Visa, Mastercard, and S&P Global.
  • •The three positions combined account for about 17% of Pershing Square's $19.5 billion U.S. stock portfolio.
Impact:
5/10
VMASPGI
about 1 hour ago
StocksBullish

Energy Fuels Completes ASM Acquisition to Bolster Rare Earth Supply Chain

Key Facts

  • •Energy Fuels completed the acquisition of Australian Strategic Materials to build an integrated rare earth platform.
Impact:
5/10
UUUU
about 5 hours ago
StocksBearish

Canadian Solar Mixed Q2 Results Prompt Roth Capital Price Target Cut

Key Facts

  • •Canadian Solar reported a Q2 loss of $1.40 per share, wider than the estimated loss of $1.01.
  • •Company revenues reached $1.21 billion, beating estimates despite a 28.7% year-over-year decrease.
  • •Roth Capital lowered its price target for the stock to $15 from $18.
Impact:
5/10
CSIQ
about 4 hours ago
StocksBullish

MasTec Earnings Accelerate Driven by Superior Segment and New Growth Engines

Key Facts

  • •MasTec demonstrated earnings acceleration driven by the addition of a new growth engine via its Superior segment.
Impact:
5/10
MTZ
about 4 hours ago
StocksMixed

IREN Raises AI Revenue Guidance to $4B Amid Cloud Services Expansion

Key Facts

  • •IREN raised its AI annual recurring revenue guidance to over $4B following new contracts.
  • •IREN's AI cloud services segment revenues more than doubled quarter-over-quarter.
  • •The company secured $2.8 billion in new AI cloud contracts targeting hyperscalers and AI labs.
Impact:
5/10
IREN
about 4 hours ago
GeopoliticsBullish

US Defense Dept Negotiates for Venezuelan Oil Fields via Intermediary

Key Facts

  • •The US Department of Defense is negotiating for Venezuelan oil fields through an intermediary.
Impact:
5/10
about 5 hours ago
Macro EconomyBullish

Moody's Revises Nigeria's Outlook to Positive on Improved External Liquidity

Key Facts

  • •Moody's upgraded Nigeria's outlook due to improvements in its external position.
Impact:
5/10
about 4 hours ago
Macro EconomyNeutral

S&P Affirms Jordan's Credit Rating at BB-/B with Stable Outlook

Key Facts

  • •S&P Global Ratings affirmed Jordan's sovereign credit rating at 'BB-/B' with a stable outlook.
Impact:
5/10
about 4 hours ago