Market News

Oil Shock Pushes Yields Higher as Bitcoin Resists and Gold Weakens

Key Takeaways for Traders Today Oil and rates: Brent settled above $90, while the US 10-year yield reached 4.768%. This strengthens the higher-inflation, higher-rate market regime. Nasdaq futures: The critical area is 29,385. Sustained trade below it would strengthen the bearish sell-the-rally scenario. Bitcoin: BTC has recovered above $78,340, but confirmation requires a break through $79,225 and then $80,000. Gold: The intraday recovery attempt has weakened. Gold futures need to reclaim approximately $4,489-$4,490 before the bullish repair case improves. But gold futures price - if and when reaches and maintains $4523 then bulls are probably back in business. Cross-asset message: Energy is showing relative strength, while rate-sensitive growth and precious metals remain vulnerable to rising yields. Why is the Oil Shock Affecting Stocks, Bonds and Gold? Renewed US-Iran military strikes pushed Brent crude to approximately $90.49 and WTI to $85.76 at Monday’s settlement. At the same time, the US 10-year Treasury yield climbed to 4.768%, its highest level since January 2025. This is no longer only a conventional geopolitical-risk trade. The more important development is the possibility that higher energy costs keep inflation elevated and force the Federal Reserve to maintain tighter monetary policy, or potentially raise rates again. Market pricing placed the probability of a September rate increase at roughly 65%. What stands out is the cross-market transmission: Higher oil raises inflation risk. Higher inflation expectations push yields upward. Higher yields reduce the relative appeal of expensive growth stocks. Higher real-rate expectations can also pressure gold. Investors become more selective instead of simply moving into every traditional safe haven. This is a stagflationary combination, meaning inflation pressure is increasing while economic and financial conditions may become less supportive. That is generally a more difficult environment for broad equity mark

Forexlive · 35m ago

SLB收購Kelvion，擴大該公司對資料中心基礎設施領域的影響力

休士頓--(BUSINESS WIRE)--(美國商業資訊)-- SLB (NYSE: SLB) 今天宣布該公司已簽訂協議收購專事熱管理與熱交換技術的全球供應商Kelvion。本次收購將為該公司引入關鍵性熱管理技術，既可強化SLB的資料中心解決方案 (Data Center Solution) 業務，還能夠擴大該公司對資料中心基礎設施領域的影響力——這個領域是目前全球成長最速的產業與技術市場之一。 「人工智慧正在推動我們這一生中規模最大的一輪基礎設施投資。」SLB執行長Olivier Le Peuch說，「這場交易加速實現我們成為資料中心產業之工業技術合作夥伴的雄心，協助客戶應對擴大應用人工智慧時的各類複雜多變基礎設施挑戰。Kelvion提增我們的實力以開發更高度整合的資料中心基礎設施解決方案，並拓展我們主攻的市場——每吉瓦交付容量帶來的營收潛力可增加不只一倍——並有機會擴大我們的產品陣容，同時提升業務的全球覆蓋面。」 一百多年前成立的Kelvion專事研發資料中心、能源及工業市場所需的熱管理與熱交換技術。其業務覆蓋冷卻與傳熱應用的大幅領域，穩居人工智慧基礎設施與能源系統轉型這兩股長期

BusinessWire · 1h ago

Inflation? You want inflation? UK shop prices rise at fastest pace since 2024

The acceleration adds a modestly hawkish data point for the Bank of England, coming alongside the Office for National Statistics' own CPI measure, which already showed inflation at a four-month high in July. With the BoE forecasting CPI to peak at 3.2 percent in October and November and food inflation to reach 3.5 percent in December, today's BRC figures suggest that peak may prove sticky rather than a one-off spike, since both the energy and AI-driven chip cost pressures cited by the BRC look structural rather than transitory. For sterling and UK rate markets, the read is a reminder that the BoE's easing path faces the same kind of supply-side complication currently being debated at the Federal Reserve, where AI-related and energy cost pressures are also entering the inflation conversation, meaning gilt yields and BoE rate cut expectations may see some repricing if the pattern persists in subsequent releases. --- Latest official data: UK headline inflation picks up in July, core prices hold steady --- UK shop prices are accelerating again, and this time it's energy costs and the AI chip boom doing the pushing, not just food. Summary: The British Retail Consortium's monthly shop price index rose to an annual 1.5% in August from 0.9% in July, the highest reading since February 2024. BRC food price inflation climbed to a four-month high of 2.8% in August from 2.2% in July. BRC non-food inflation rose to 0.9% in August from 0.2% in July, also its highest since February 2024. BRC Chief Executive Helen Dickinson said higher energy, input and commodity costs are beginning to filter through into prices, particularly for ambient foods that are typically imported and processed. Dickinson also said non-food electrical prices rose amid the ongoing AI boom, which is forcing up the price of memory chips and storage. British retailers raised prices by the most in more than two years last month, as higher energy costs pushed up the price of some processed food and the artificial i

Forexlive · 1h ago

US Army Secretary Driscoll resigns after months of friction with Hegseth

Personnel turnover at the Pentagon is not typically a market moving event on its own, but this one is worth flagging given the pattern it extends. The Army now has no Senate confirmed civilian or military leader at all, with an acting chief of staff already in place after the prior officeholder's firing. Defence and geopolitical risk desks will watch whether the friction driving Driscoll's exit reflects a broader push to reshape senior military leadership, given his prior involvement in Russia-Ukraine negotiations, any perceived instability in that channel could have knock-on relevance for risk sentiment and safe haven flows if it coincides with other geopolitical stress points already in play this week. --- Meanwhile the war rolls on: Oil prices jump as US and Iran exchange strikes; prolonged stalemate keeps the downside limited --- Driscoll's exit leaves the Army entirely without Senate confirmed leadership, capping a months long rift with Hegseth over the service's direction. Summary: Army Secretary Dan Driscoll has submitted his resignation to President Trump, according to the Wall Street Journal (gated). The resignation follows months of tension with Defense Secretary Pete Hegseth over the direction of the Army and the removal of numerous senior officers. Driscoll is expected to leave the Pentagon in the coming days. White House spokeswoman Anna Kelly praised Driscoll's record, saying he had been "highly effective in advancing President Trump's agenda" at the Department of the Army. With Driscoll gone, the Army will have no Senate confirmed civilian or military leader; Gen. Christopher LaNeve has been acting chief of staff since Gen. Randy George was fired. Driscoll reportedly had a close relationship with the ousted Army chief of staff, adding to the sense of a broader leadership shake up within the service. Army Secretary Dan Driscoll has submitted his resignation to President Trump, the Wall Street Journal reported, following months of friction with Defense

Forexlive · 2h ago

Domo Announces Timing for Second Quarter Fiscal 2027 Financial Results and Provides Transaction Timing Update

SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO #agenticAI--Domo, Inc. (Nasdaq: DOMO) (“Domo” or the “Company”) today announced that it expects to file its Quarterly Report on Form 10-Q for its second quarter ended July 31, 2026, on Thursday, September 3, 2026, after the market closes. Domo will report its quarterly financial results through the Form 10-Q and does not plan to issue a separate earnings release. Due to the pending transaction with Progress Software Corporation (Nasdaq: PRGS) (“Progress”), the company

BusinessWire · 2h ago

Sono Group N.V. and Sports One Sign Letter of Intent to Combine and Expand into Professional Sports Franchise Ownership

Sono Group (Nasdaq: SSM) and Sports One sign a letter of intent to combine into a public company owning minority stakes in NFL, NBA, MLB and NHL teams.

GlobalNewswire · 3h ago

North Korean hackers are moving tens of millions on Hyperliquid as Trump pushes to onshore the crypto platform

CoinDesk · 4h ago

investingLive Americas FX news wrap 31 Aug: The USD moves lower. USD corrects after Warsh's hawkish speech at Jackson Hole

US broader indices close lower on the day. Nasdaq 100 closes marginally higher Trump to announce new drug pricing agreement. Strategic Petroleum Reserves fell by 3.1M barrels to 286.6M barrels. Who is to blame? Buyers in crude oil had their shot to take price higher from a technical perspective and they missed. European shares close closely lower. UK's FTSE 100 and Italy's FTSE MIB close higher Treas Sec Bessent: Oil price are going to come down. US 10 year yield is where it was when Pres. Trump took office. Treas. Sec Bessent at the G20: Iran taking sanctions seriously Trump: Iran has no Navy and Air Force. The USD is lower vs major currencies. In the video, I ake a look at the EURUSD, USDJPY and GBPUSD to kickstart the week investingLive European markets wrap: Oil holds higher, regional yields push up One trading day after Fed Chair Kevin Warsh delivered a more hawkish message at Jackson Hole—sending Treasury yields and the US dollar higher while lifting the probability of a September rate hike back toward 65%—the greenback corrected lower against all the major currencies. The USD fell the most against the CAD (-0.31%) and EUR (-0.27%). The declines against the JPY (-0.19%) and CHF (-0.11%) were more modest, while the greenback was little changed against the GBP, AUD and NZD. Treasury Secretary Scott Bessent may have given dollar sellers an additional reason to push the greenback lower when he noted that the Federal Reserve traditionally does not raise rates in response to a supply shock. The market-implied probability of a September hike was little changed, but his comment could provide Chair Warsh with some justification to delay tightening. However, monetary policy is decided by the full FOMC, and several Fed officials continue to lean toward a rate increase. Bessent also played down concerns about rising Treasury yields, calling the US bond market the most resilient in the world. He noted that the 10-year yield is near where it was when President Trump took of

Forexlive · 4h ago

China Caixin PMI preview: private survey seen edging up to 51.0 after NBS beat

A print at or above the 51.0 consensus would reinforce the narrative building since yesterday's NBS beat , that China's export-facing manufacturers are stabilising even as the broader economy struggles. The private survey's greater weighting toward smaller, export-oriented firms makes it a cleaner read on external demand than the state-heavy NBS gauge. A miss back toward 50.5, especially if paired with softer new orders, would sit awkwardly against yesterday's official data and could revive concerns that the improvement is confined to larger, state-linked producers. Given the size of the AUD's exposure to Chinese demand, a clear beat or miss either side of the 50.9 to 51.0 range carries some scope to move sentiment through the session, though the reaction is likely to be modest relative to a genuinely surprising NBS print. --- China's private manufacturing survey is expected to edge higher today, a day after the official NBS gauge beat forecasts and pointed to a firming, if still contractionary, factory sector. Summary: China's official NBS manufacturing PMI rose to 49.8 in August from 49.2 in July, beating the 49.7 consensus, though it marked a second straight month of contraction. NBS detail was firmer than the headline: output returned to expansion at 50.4, new orders rebounded to 50.6, and new export orders moved back into expansion at 50.16. Employment stayed weak at 48.7. Today's Caixin/RatingDog private survey, due 0145 GMT / 2145 US Eastern time, is forecast to edge up to 51.0 from July's 50.9. July's private reading had been a four-month low, down from 51.7 in June and below the 51.5 forecast, as output and new order growth slowed. New orders in the July private survey extended a 14-month expansion streak on stronger foreign sales, and employment grew at its fastest pace since August 2023. The private gauge skews toward smaller, export-oriented firms, while the NBS measure leans toward larger state-owned enterprises, so the two surveys can diverge. Main art

Forexlive · 4h ago

Graco Inc. Closes Acquisition of Valco Melton

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG), a global leader in fluid and powder handling technologies, today announced it has completed its acquisition of Valco Melton, a global provider of adhesive application and quality assurance systems, for $447 million in cash. When adjusted for the present value of expected tax benefits of approximately $40 million, the net transaction value represents approximately 14x 2025 adjusted EBITDA and approximately 10x 2026 estimated full-year, synerg

BusinessWire · 4h ago

VSE Corporation Acquires Atech Turbine Components

MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC, VSECU), a leading provider of aviation aftermarket distribution and repair services, today announced it has acquired Atech Turbine Components, Inc. (“Atech”), a specialized Maintenance, Repair and Overhaul (“MRO”) provider focused on complex hot-section components for aircraft turbine engines. Founded in 1990 and headquartered in Auburn, Massachusetts, Atech is a leading provider of specialized and proprieta

BusinessWire · 4h ago

Ireland excludes crypto from new tax-advantaged investment accounts

Ireland’s planned investment accounts will offer tax benefits for stocks, bonds and ETFs, while excluding crypto and derivatives as higher-risk products.

Cointelegraph · 4h ago

Economic and event calendar in Asia 01 September 2026 - China Manufacturing PMI due

Yesterday we had the official PMIs from China: China factory activity beats forecasts but stays in contraction in August China official August Manufacturing PMI 49.8 (expected 49.7, prior 49.2) Today we get the privately surveyed manufacturing PMI from Rating Dog / S&P Global. I'll get a preview of this postd soon. This article was written by Eamonn Sheridan at investinglive.com.

Forexlive · 4h ago

Tidewater Announces Completion of Wilson Sons Ultratug Acquisition

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, “WSUT”), effective August 31, 2026. Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “We are pleased to announce the closing of the WSUT acquisition, and we are excited to welcome our new employees to Tidewater. The WSUT fleet of 22 PSVs is an

BusinessWire · 4h ago

ARRAY Technologies Completes Acquisition of Affordable Wire Management, Expanding Balance-of-System Strategy

ARRAY Technologies completes acquisition of Affordable Wire Management, expanding balance-of-system strategy.

GlobalNewswire · 4h ago

Stryker signs definitive agreement to acquire ZuriMED to enhance its shoulder offering

Portage, Mich., USA, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK), a global leader in medical technologies, announced it has signed a definitive agreement to acquire ZuriMED, a privately held company and developer of the FiberLocker® System. This commercialized technology provides a novel approach for rotator cuff augmentation with increased biomechanical strength to address a key clinical failure mode in rotator cuff repair.

GlobalNewswire · 4h ago

Glencore’s 'hardball' negotiators threaten Anglo-Teck merger gains - FT

SeekingAlpha · 4h ago

Trump to announce new drug pricing agreement.

President Trump is set to announce another round of voluntary drug-pricing agreements today involving Bayer, Takeda, CSL and several midsized biotechnology companies. Under the agreements, participating drugmakers are expected to provide “most-favored-nation,” or MFN, pricing on outpatient drugs purchased through state Medicaid programs. Prices would be tied more closely to the lower amounts paid in other developed countries, including Canada, Germany, France, Japan and the United Kingdom. Some companies could also make selected medicines available directly to cash-paying patients through TrumpRx, bypassing insurance companies and pharmacy-benefit managers. In exchange, participating manufacturers could receive protection from pharmaceutical tariffs and potentially other regulatory benefits. The Trump administration has already reached similar agreements with 17 major drugmakers, including Pfizer, Eli Lilly, Merck, Amgen, Johnson & Johnson, Novo Nordisk and AstraZeneca. It estimates the broader initiative could save federal and state Medicaid programs approximately $64.3 billion over 10 years. The immediate benefits, however, appear to be concentrated on Medicaid programs and people buying selected medicines directly with cash. The announcement does not necessarily mean that Medicare beneficiaries or privately insured consumers will immediately pay less. For the drug companies, the near-term earnings impact should be manageable because Medicaid represents only part of the U.S. market and companies already give rebates for their drugs to Medicaid recipients. However, tariff relief helps offset some of the reduced pricing (Yes...tariffs raise prices). The larger earnings risk would come if MFN pricing were eventually expanded across Medicare and private insurance. This article was written by Greg Michalowski at investinglive.com.

Forexlive · 5h ago

Risk-reward outlook for stocks is getting worse as historically tough month kicks off, says Citadel

The risk-reward of buying protection in the equity market looks compelling.

CNBC · 5h ago

Lilly taps obesity windfall for more M&A. Plus, Elon Musk remarks pull GE Vernova lower

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

CNBC · 6h ago

Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

The expectation had been for falling rates this year, but the war with Iran and its resulting rise in oil prices upended that.

CNBC · 6h ago

Webull expands crypto trading into Canada through Coinbase collaboration

The brokerage is adding digital assets alongside stocks, ETFs and options as Canadian crypto ownership rises and regulators move toward clearer industry rules.

Cointelegraph · 7h ago

Trump reportedly plans to announce new drug pricing deals with nearly a dozen drugmakers

The string of deals builds on the Trump administration's push to link the nation's drug prices to cheaper ones abroad.

CNBC · 7h ago

Churchill Stateside Group Closes Approximately $42 Million in Multifaceted Financing for Eight-Property USDA Rural Development 515 Portfolio in Nevada

CLEARWATER, Fla.--(BUSINESS WIRE)--Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is pleased to announce the closing of financing for the acquisition and rehabilitation of an eight-property USDA Rural Development (“USDA RD”) 515 portfolio totaling 202 units across Fallon and Lovelock, Nevada. The financing includes a $9,600,000 Tax Exempt Equity Bridge Loan provided by Churchill Mortgage Capital (“CMC”) and a $19,520,000 USDA RD 538 Option

BusinessWire · 7h ago

Waiting for homebuying to get more affordable? Here's what to expect in 2027

Mortgage rates aren't expected to get much cheaper for homebuyers in 2027, especially if inflation stays high.

CNBC · 7h ago

Buyers in crude oil had their shot to take price higher from a technical perspective and they missed.

Crude oil futures are moving higher today, currently trading at $85.41 — up around $2 on the session. The high extended to $86.79, the best level since August 21. At session highs, the price was testing the key 100-day moving average at $86.73. Buyers briefly pushed price above that MA, but momentum faded fast and price rotated back down. I like to say the buyers had their shot, and they missed. What next? With sellers winning out near the highs and the 100-day MA, the ball is now in their court. They need to show they can take control/more control by breaking through downside targets. The first is the 200-hour moving average at $84.17. A break below that puts the 100-hour MA at $82.82 in play and as the next target.. Below that, traders will start eyeing the upward-sloping trendline near $80, followed by the 200-day moving average at $78.09. On the flip side, if price can't push below the 200-hour MA with any real momentum, buyers are still in the game. But they'll need to reclaim the 100-day MA and hold above it — do that, and it opens the door to further upside. The important dynamic 4 today is that the buyers have their shot, and they missed. That gives the sellers the best hand with work to do. This article was written by Greg Michalowski at investinglive.com.

Forexlive · 7h ago

Tim Lamb Group Facilitates La Porte Ford Acquisition, Connecting First-Time Dealer With Established Indiana Dealership

Tim Lamb Group's Chris Infantino and Bob Wolfbauer Represent Buyer and Seller in Successful Ford Acquisition Tim Lamb Group's Chris Infantino and Bob Wolfbauer Represent Buyer and Seller in Successful Ford Acquisition

GlobalNewswire · 7h ago

Riassunto: SLB acquisisce Kelvion, ampliando il proprio ruolo nel settore delle infrastrutture dei data center

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) ha annunciato oggi di aver sottoscritto un accordo per l'acquisizione di Kelvion, un fornitore globale di tecnologie di gestione termica e scambio di calore. L'acquisizione rafforza la divisione Data Center Solutions di SLB con l'introduzione di tecnologie di gestione termica essenziali e amplia il ruolo dell'azienda nel settore delle infrastrutture dei data center, uno dei mercati industriali e tecnologici in più rapida crescita. "L'IA sta guidando il

BusinessWire · 8h ago

Samenvatting: SLB neemt Kelvion over en breidt rol in datacenterinfrastructuur uit

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) heeft vandaag aangekondigd een overeenkomst te hebben gesloten voor de overname van Kelvion, een wereldwijde aanbieder van technologieën voor thermisch beheer en warmte-uitwisseling. De overname versterkt de divisie Data Center Solutions van SLB met essentiële technologieën voor thermisch beheer en vergroot de rol van het bedrijf in de datacenterinfrastructuur, een van de snelst groeiende industriële en technologiemarkten ter wereld. "AI drijft de belan

BusinessWire · 8h ago

SLB adquire Kelvion, expandindo sua atuação na infraestrutura de centros de dados

HOUSTON--(BUSINESS WIRE)--A SLB (NYSE: SLB) anunciou hoje a assinatura de um contrato para adquirir a Kelvion, fornecedora mundial de tecnologias de gerenciamento térmico e troca de calor. A aquisição reforça a divisão de Soluções para Centros de Dados da SLB com tecnologias essenciais de gerenciamento térmico e expande a atuação da empresa na infraestrutura de centros de dados, um dos mercados industriais e tecnológicos de crescimento mais rápido do mundo. "A IA está impulsionando o ciclo de i

BusinessWire · 8h ago