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Australia Set to Cut Rates, Stay Cautious on Policy Outlook
(Bloomberg) -- Australia’s central bank is poised to deliver its third interest-rate cut this year as inflationary pressures ebb, while Governor Michele Bullock is expected to stick with her cautious stance on the monetary policy outlook.Most Read from BloombergSunseeking Germans Face Swiss Backlash Over Alpine Holiday CongestionNew York Warns of $34 Billion Budget Hole, Biggest Since 2009 CrisisThree Deaths Reported as NYC Legionnaires’ Outbreak SpreadsA New Stage for the Theater That Gave Amer
Truth Social host Rumble weighs near $1.2 billion deal for Northern Data
Rumble said it was considering making an offer for the company which would give it control of Northern Data's cloud business, Taiga, and its large-scale data center arm, Ardent, with plans to integrate both into its own operations. The Taiga cloud unit holds a significant inventory of Nvidia graphics processing unit (GPU) chips, including around 20,480 H100s and over 2,000 H200s, Rumble said. "Following consummation of the potential transaction, Tether would become an important customer of Rumble, with a multi-year commitment to purchase GPUs," Rumble said.
Exclusive-SoftBank selects banks for US IPO of payments app PayPay, sources say
(Reuters) -SoftBank has selected investment banks to help organize a potential initial public offering in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter. The banks leading preparations for the listing are Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group and Morgan Stanley, the sources said. The sources declined to be named as the information is not public and cautioned that factors including timing and the amount the IPO could raise are subject to market conditions.
"Long Magnificent 7" once again world's most crowded trade, BofA survey finds
LONDON (Reuters) -Owning big U.S. tech stocks is once again the most popular trade, according to BofA's monthly fund manager survey, as upbeat earnings and improved sentiment towards the global economy send investors back into stocks. 45% of the 169 participants in August's survey, who have $413 billion in assets under management, said they thought the most crowded trade was "long Magnificent 7", a group of large U.S. tech stocks, including Nvidia and Microsoft. Strong earnings have helped big tech stocks to bounce back sharply since their tariff induced selloff in April.
Trump on Pelosi's Investments: 'INSIDE INFORMATION,' 'Is Anybody Looking Into This?'
President Donald Trump has leveled allegations against Rep. Nancy Pelosi (D-Calif.) and her husband Paul Pelosi, accusing them of leveraging insider information for stock market profits. What Happened: Trump took to his Truth Social platform on Saturday to voice his criticism of the Pelosis’ stock market activities. He referred to Nancy Pelosi as a “disgusting degenerate” and hinted that the couple’s stock market success was a result of insider information. “Crooked Nancy Pelosi, and her very ‘i
Bessent says new Fed chair should be someone who can examine organization, Nikkei reports
TOKYO (Reuters) -U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organization" as the Fed's mission has included so many things outside of monetary policy and has put its independence at risk, Japan's Nikkei newspaper reported. "It's someone who has to have the confidence of the markets, the ability to analyze complex economic data," Bessent told the Nikkei in an interview, when asked about the qualities the new Fed chair should possess. "And it's also someone who wants to be, I think, very attuned to forward thinking, as opposed to relying on historical data," Bessent was quoted as saying in the interview, which was conducted in Washington on August 7 and published on Monday.
Stocks, US yields lose ground as markets brace for big week for trade, geopolitics
NEW YORK/LONDON (Reuters) -Global equity markets lost ground on Monday in a choppy session while yields of long-dated U.S. Treasuries fell, as investors weighed developments on trade and geopolitics in addition to key U.S. economic data. U.S. President Donald Trump signed an executive order extending a tariff truce with China by another 90 days, hours before U.S. tariffs on Chinese goods were due to snap back to triple-digit rates. Trump and Russian President Vladimir Putin are due to meet in Alaska on Friday to discuss ending Russia's war on Ukraine.
Orsted plunges as it seeks $9.4 billion to cope with Trump's hostility to wind power
COPENHAGEN (Reuters) -Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power. The 60 billion crowns ($9.4 billion) rights issue is worth around half of the Danish company's market value as of Friday's close. Struggling in recent years with soaring inflation and logistical problems that sent costs soaring, the offshore wind industry faced a further setback when Trump suspended licensing on his first day back in office in January.
Inside The MBA Program Where Students Solve Real Problems For Fortune 500s — Before They Graduate
Drexel LeBow’s Diana Jones on the B-school’s approach to experiential learning: “It’s not just about applying concepts. It’s about asking better questions, reframing challenges, modeling scenarios, and then communicating your insights clearly to ... The post Inside The MBA Program Where Students Solve Real Problems For Fortune 500s — Before They Graduate appeared first on Poets&Quants.
Debt market jitters signal caution for high-flying stocks
LONDON (Reuters) -Investors are backing out of or taking active bets against high-priced corporate credit, where they anticipate a correction in response to signs of slowing economic growth that could eventually impact stocks. In interviews and client research, global asset managers and some of the world's biggest banks cautioned that credit pricing had reached levels consistent with a much stronger economic outlook than official forecasters anticipate for this year. "We've turned very defensive in terms of developed market credit," said Mike Riddell, lead portfolio manager for strategic bond strategies at Fidelity International.
In India, Trump's tariffs spark calls to boycott American goods
NEW DELHI (Reuters) -From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against U.S. tariffs. India, the world's most populous nation, is a key market for American brands that have rapidly expanded to target a growing base of affluent consumers, many of whom remain infatuated with international labels seen as symbols of moving up in life. India, for example, is the biggest market by users for Meta's WhatsApp and Domino's has more restaurants than any other brand in the country.
Western Union to acquire Intermex for about $500 million
Western Union will pay $16 for each Intermex share, representing a premium of over 70% to Intermex's last close of $9.28 on Friday. Western Union, among the world's top providers of money transfer services, said the deal was expected to add to its adjusted earnings per share by more than $0.10 in the first full year after close. The company added that the deal would help it expand in the "historically high-growth Latin America geographies."
Analysis-RBA's new policy board comes with added unpredictability
SYDNEY (Reuters) -Australia's central bank has a problem communicating that has injected an element of unpredictability into interest rate policy when global uncertainty is already high, and its proving costly for investors. It all stems from an April shake up at the Reserve Bank of Australia that shifted rate-setting power entirely to a new nine-member Monetary Policy Board. At just its second meeting in May, the board decided to cut cash rates by a quarter point to 3.85% and sounded more dovish than analysts expected, even briefly considering an easing of 50 basis points given the uncertainty caused by U.S. tariffs.
Exclusive-USPS blocks shipping of illicit vapes in boost for Big Tobacco
LONDON (Reuters) -The U.S. Postal Service has cracked down on distributors of unregulated vapes using its services for business shipments, letters reviewed by Reuters show, in a blow to a multi-billion dollar industry that has dented Big Tobacco's sales. The letters, previously unreported, show that USPS wrote to major New York-based distributor Demand Vape, blocking it from using its services after New York City's Law Department, which represents the city's government and officials in legal matters, provided evidence that its shipments broke laws. USPS' action stands to benefit tobacco giants including Altria and British American Tobacco, which have for years battled against unregulated vapes, mostly from China.
US stocks slip as Wall Street braces for an update on inflation
U.S. stocks edged back from their record heights on Monday in Wall Street’s final moves before an upcoming update on inflation. The Dow Jones Industrial Average dropped 200 points, or 0.5%, while the Nasdaq composite shaved 0.3% off its own record. The highlight of this week for Wall Street will likely arrive on Tuesday, when the government will report how bad inflation was across the country in July.
Britain's M&S restores click and collect services 15 weeks after systems hacked
LONDON (Reuters) -British retailer Marks & Spencer has resumed taking click and collect orders for clothing after a nearly four-month hiatus following a cyber hack and data theft that impacted its earnings during the period, sending its shares higher. It gradually resumed taking online orders for delivery from June 10, but click and collect services, which allow customers to order items online and pick up in stores, had remained suspended. M&S said on its website on Monday that "Click & Collect is back," and in an Instagram post, John Lyttle, M&S' managing director for fashion, home and beauty, said the retailer's full online delivery offers were restored across fashion, homeware and beauty products, including the returns of online orders to any M&S store.
Dollar edges up with US inflation report on tap
NEW YORK (Reuters) -The U.S. dollar firmed across the board on Monday, a day before the release of a U.S. inflation report that could help determine whether the Federal Reserve lowers borrowing costs next month. "A very modest hawkish repricing of Fed policy expectations appears to be helping the move along, likely driven by participants squaring up some positions ahead of the risk that tomorrow's CPI print presents," he said. The dollar softened last week as investors adjusted their expectations for interest rate cuts from the Fed after soft data on U.S. jobs and manufacturing.
Tuchman Reverses Decision to Make TTEC Holdings, Inc. (TTEC) Private
With a share price under $3 and strong hedge fund interest, TTEC Holdings, Inc. (NASDAQ:TTEC) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3. On August 1, 2025, TTEC Holdings, Inc. (NASDAQ:TTEC) announced Chairman and CEO Kenneth Tuchman’s decision not to pursue his prior proposal to take the […]
Conduent Incorporated (CNDT) Partners with Fairmarkit
With a share price under $3 and strong hedge fund interest, Conduent Incorporated (NASDAQ:CNDT) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3. Conduent Incorporated (NASDAQ:CNDT) entered into a strategic partnership with Fairmarkit, an AI-powered sourcing platform. With this move, CNDT will supercharge its FastCap Finance Analytics solution, […]
Wolfspeed, Inc. (WOLF) Appoints Bret Zahn as Vice President and General Manager
With a share price under $3 and strong hedge fund interest, Wolfspeed, Inc. (NYSE:WOLF) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3. On August 5, 2025, Wolfspeed, Inc. (NYSE:WOLF) appointed Bret Zahn as Vice President and General Manager of its Automotive business, strengthening its commitment to the […]
Eventbrite, Inc. (EB) Launches New “Lineup” Tool with New Music-Focused Features
Eventbrite, Inc. (NYSE:EB) is included in our list of the 10 Best AI Stocks to Buy Under $3. Eventbrite, Inc. (NYSE:EB) launched new music-focused features on June 17, 2025. With this update, the company offers a “lineup” tool, allowing independent artists and organizers to highlight performances with artist profiles, photos, and links. Furthermore, this feature […]
SmartRent, Inc. (SMRT) Regains Compliance with New York Stock Exchange’s Minimum Share Price Requirement; KBW Reduces PT From $1.60 to $1.30
SmartRent, Inc. (NYSE:SMRT) is included in our list of the 10 Best AI Stocks to Buy Under $3. SmartRent, Inc. (NYSE:SMRT)’s year so far is marked by volatility, strategic shifts, and cautious optimism. In March 2025, KBW reduced its price target on SmartRent, Inc. (NYSE:SMRT) from $2.00 to $1.60. This price revision followed weak Q4 […]
A Dave Ramsey Caller Wants To Evict His Own Mother. She's Not Paying Rent And Has Already Filed Bankruptcy 3 Times
A man named Wesley from Los Angeles called into “The Ramsey Show” recently with a dilemma most people hope to never face: should he evict his own mother? She Hasn’t Paid Rent In Five Months Wesley explained to hosts George Kamel and Ken Coleman that ...
Palantir Technologies Inc. (PLTR)’s CEO Is A “Sweetheart,” Says Jim Cramer
We recently published 10 Stocks Jim Cramer Mentioned As He Talked About “Love Lost” Between Microsoft & OpenAI. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks Jim Cramer recently discussed. Data analytics firm Palantir Technologies Inc. (NASDAQ:PLTR) is one of the hottest stocks on the market in 2025. Its shares have gained a whopping […]
Sabre Corporation (SABR) Launches SabreMosaic
With a share price under $3 and strong hedge fund interest, Sabre Corporation (NASDAQ:SABR) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3. Amid rising concerns from global travel agencies over fragmented content systems, Sabre Corporation (NASDAQ:SABR) announced the launch of SabreMosaic on July 22, 2025. A survey […]
8×8, Inc. (EGHT) Reports Q1 2026 Results
With a share price under $3 and strong hedge fund interest, 8×8, Inc. (NASDAQ:EGHT) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3. On August 5, 2025, 8×8, Inc. (NASDAQ:EGHT) released its results for Q1 2026. The company reported strong performance, achieving year-over-year growth for the first time […]
Expensify, Inc. (EXFY) Announces $3 Million Share Repurchase; Expands its International Network
Expensify, Inc. (NASDAQ:EXFY) is included in our list of the 10 Best AI Stocks to Buy Under $3. On July 1, 2025, Expensify, Inc. (NASDAQ:EXFY) announced a $3 million share repurchase, acquiring over 1.28 million shares between May 15 and June 27. Demonstrating confidence in its growth trajectory, the company bought these shares at an […]
Exxon Mobil Corporation (XOM) Releases Second-Quarter 2025 Results
Drawing significant hedge fund interest, Exxon Mobil Corporation (NYSE:XOM) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now. Exxon Mobil Corporation (NYSE:XOM) released Q2 2025 earnings on August 1, 2025. The company reported earnings of $7.1 billion and cash flow from operations of $11.5 billion, amid challenging […]
FiscalNote Holdings, Inc. (NOTE) Launches Social Media Listening Feature on PolicyNote Platform
FiscalNote Holdings, Inc. (NYSE:NOTE) is included in our list of the 10 Best AI Stocks to Buy Under $3. Within its flagship platform, PolicyNote, FiscalNote Holdings, Inc. (NYSE:NOTE) launched a powerful social media listening feature on August 4, 2025. This feature aims to enhance how users track early signals of legislative intent. This feature uses […]
3D Systems Corporation (DDD) Retires $88 Million in Debt; Its 3D bioprinted, bioabsorabable Nerve Repair Device Receives FDA Approval
3D Systems Corporation (NYSE:DDD) is included in our list of the 10 Best AI Stocks to Buy Under $3. On June 24, 2025, 3D Systems Corporation (NYSE:DDD) successfully restructured its debt, retiring $88 million in debt, issuing new notes maturing in 2030, and repurchasing 8 million shares to reduce dilution. With this move, the company […]