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Peloton must face shareholder lawsuit over post-pandemic outlook
US appeals court revives claims over inventory levelsShareholders say Peloton inflated stock priceDissenting judge expects eventual dismissalBy Jonathan Stempel NEW YORK, Aug 27 (Reuters) - Peloton Interactive PTON.O must face a lawsuit claiming it defrauded shareholders by masking excess invento...Reuters
Wed, Aug 27
Other
Tennis-Djokovic overcomes ailing American qualifier in US Open second round
By Amy TenneryNEW YORK, Aug 27 (Reuters) - Novak Djokovic cleaned up his game after early mistakes to outlast ailing American qualifier Zachary Svajda 6-7(5) 6-3 6-3 6-1 in the second round of the U.S. Open on Wednesday. The maestro of Arthur Ashe Stadium held his racket up like a violin after closi...Reuters
Wed, Aug 27
Cryptocurrencies
Solana and XRP Prices Retrace – Is Liquidity Flowing Into This New Viral Titan Tipped For 85x Growth?
As the crypto market sees SOL and XRP price retrace from recent highs, a new contender, Layer Brett, is capturing significant investor attention with its live crypto presale and bold promise of 85x growth. While established assets like Solana and XRP navigate market fluctuations, early backers are flocking to $LBRETT, an Ethereum Layer 2 memecoin […]Cryptopolitan
Wed, Aug 27
Commodities
WTI Crude Oil climbs as EIA inventory draw and weaker Greenback fuel recovery
WTI (West Texas Intermediate) Crude Oil is rebounding on Wednesday after a sharp 2.27% drop in the previous session. At the time of writing, the US benchmark trades near $64.00 per barrel, up 1.2% on the day and recovering from a five-day low of $62.80 hit earlier in European trading hours.
Fxstreet
Wed, Aug 27
Economic Indicator
Brazil's public debt up 0.71% in July on the back of interest expenses
SAO PAULO, Aug 27 (Reuters) - Brazil's federal public debt grew 0.71% in July from the previous month, boosted by interest payments, the Treasury said on Wednesday. The public debt of Latin America's largest economy reached 7.9 trillion reais ($1.46 trillion), with net debt redemption...Reuters
Wed, Aug 27
Cryptocurrencies
S&P 500 rose 0.2% on Wednesday as traders waited for Nvidia’s earnings report
The S&P 500 surged 0.2% on Wednesday as Wall Street waited for Nvidia Corporation’s earnings report, a key moment for this year’s stock rally. The chipmaker, now the largest stock in the index with roughly 8% weight, barely moved during the session, but traders held their positions tight. The Nasdaq Composite rose 0.1%, and the […]Cryptopolitan
Wed, Aug 27
Stocks
Williams-Sonoma Raises Outlook on AI
Williams-Sonoma(NYSE:WSM) reported fiscal 2025 second-quarter earnings on Tuesday, Aug. 27, noting a 3.7% comparable sales increase and an operating margin of 17.9% with positive comps across all brands. Earnings per share grew nearly 20% year over year to $2, and the company raised full-year revenu...The Motley Fool
Wed, Aug 27
Cryptocurrencies
How Veteran Crypto Investors “Buy the Dip” – The 2025 Guide
Heavy periods of sell-offs have always been a part of the crypto world. Whenever there is a significant dip in Bitcoin and Ethereum, it creates an opportunity to enter the market at a discount by disciplined investors. With the 2025 bull run entering full swing once again, people are once again curious of what long […]Cryptopolitan
Wed, Aug 27
Cryptocurrencies
Why Mutuum Finance (MUTM) Could Jump 12x, Outshining Ripple (XRP) in 2025
Mutuum Finance (MUTM) is generating unprecedented hype, projecting itself as a probable market disruptor in 2025. Mutuum Finance presale token price is $0.035 in phase 6. Experts say this new token can skyrocket with phenomenal profits in the coming few months. In phase 7, there will be an increase of 14.29% to $0.04. Mutuum Finance […]Cryptopolitan
Wed, Aug 27
Stocks
US STOCKS-S&P 500 hits record high as investors await Nvidia results
Fed's Williams open to rate cuts depending on data, report saysJ.M. Smucker falls after quarterly profit missMongoDB soars after raising annual profit forecastS&P 500 +0.22%, Nasdaq +0.18%, Dow +0.31%By Noel Randewich and Johann M Cherian Aug 27 (Reuters) - The S&P 500 climbed to ...Reuters
Wed, Aug 27
Commodities
Brazil steel lobby cuts 2025 outlook for raw steel output
Aug 27 (Reuters) - STEEL LOBBY ACO BRASIL: SEES BRAZIL'S 2025 RAW STEEL OUTPUT FALLING 0.8% FROM 2024 VERSUS 0.6% DECLINE PREVIOUSLY ESTIMATEDSTEEL LOBBY ACO BRASIL: SEES BRAZIL'S 2025 STEEL EXPORTS RISING 1% FROM 2024 VERSUS 2% INCREASE PREVIOUSLY ESTIMATEDSTEEL LOBBY ACO BRASIL: SEES 2025 ...Reuters
Wed, Aug 27
Forex
Forex Today: US Q2 GDP and the labour market take centre stage
The US Dollar (USD) ended the day alternating gains with losses, giving away strong gains recorded earlier in the day on Wednesday. This irresolute price action came amid unabated concerns surrounding the Fed’s independence and the absence of important developments on the trade front.
Fxstreet
Wed, Aug 27
Stocks
PREVIEW: Best Buy shares rise; Q2 EPS, rev expected to fall y/y
** Best Buy BBY.N shares up ~2% in session ahead of Q2 financial results due out before market open on Thursday ** Wall Street expects the electronics retailer to report adj. EPS of $1.21 vs $1.34 in Q2 2024 on rev of $9.24 bln versus $9.29 bln year-ago, according to latest data from LSEG ** In last...Reuters
Wed, Aug 27
Other
Tennis-Briton Draper withdraws from US Open with niggling arm injury
By Shrivathsa SridharNEW YORK, Aug 27 (Reuters) - Fifth seed Jack Draper of Britain pulled out of the U.S. Open before his second round meeting with Zizou Bergs due to an arm injury that has hampered him for several weeks, organisers of the year's final Grand Slam said on Wednesday.Draper reache...Reuters
Wed, Aug 27
Commodities
KoBold Metals granted seven Congo lithium exploration permits
Aug 27 (Reuters) - KoBold Metals, the mining company backed by U.S. billionaires Jeff Bezos and Bill Gates, has received seven permits to search for lithium and other minerals in the Democratic Republic of Congo, it said on Wednesday.The Central African country signed a deal with KoBold in July, all...Reuters
Wed, Aug 27
Other
All UN Security Council members, except US, say famine in Gaza is 'man-made crisis'
Aug 27 (Reuters) - All United Nations Security Council members, except the United States, on Wednesday said the famine in Gaza was a “manmade crisis” and warned that the use of starvation as a weapon of war is banned under international humanitarian law.In a joint statement, the 14 council members c...Reuters
Wed, Aug 27
Commodities
Gold holds near $3,400 as Fed bets, politics weigh
Gold price remains steady on Wednesday, even though the Greenback recovered from earlier losses triggered by threats to the Federal Reserve’s (Fed) independence. Nevertheless, Bullion sellers are not out of the woods as pressure from the White House continues. The XAU/USD trades at $3,397, up 0.12%.
Fxstreet
Wed, Aug 27
Other
Artificial Intelligencer-The Intel deal that united Trump and Sanders
By Krystal Hu Aug 27 (Reuters) - (Artificial Intelligencer is published every Wednesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.) Two big questions are hanging over the much-anticipated earnings report from Nvidia NVDA.O,...Reuters
Wed, Aug 27
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