Shopify's shares expanded premarket gains to over 30% after the company reported second-quarter revenue that beat expectations. The market reacted positively to the earnings beat, though detailed financials were not disclosed.
Trump said US-Iran talks are going well and that the Strait of Hormuz will reopen soon or Iran will face a heavy strike. He also spoke with Qatar's emir, revoked the Brazilian ambassador's visa, and plans to extend the Jones Act waiver to ease gasoline prices. An armed man was arrested at a Trump golf course before an event, while tariff refunds remain a notable development.
AMD reported record revenue and profitability for the second quarter of 2026. Data Center revenue more than doubled year over year. Management cited accelerating EPYC demand, scaling Instinct deployments, and the ramp of Helios as momentum for the second half.
Apple sought to include CXMT in its supply chain to cut costs, but negotiations to lower purchase prices hit resistance. CXMT rejected Apple's demands, quoting prices at least on par with Samsung and SK Hynix. Strong demand from Chinese tech giants like Huawei and Xiaomi supports CXMT's pricing power.
Citing an informed source, Iran's Tasnim News Agency reported that a potential Iran-Oman agreement on ship passage through the Strait of Hormuz is unrelated to an immediate reopening. The talks are purely between Iran and Oman, not involving the US. If the US continues its violations, the strait will not open even if an agreement is reached, as its opening depends on a change in US behavior.
SpaceX (SPCX.O) dropped over 10% in premarket trading as concerns grew over its surging AI spending. The decline reflects investor worries about rising costs potentially impacting profitability. This highlights growing market attention on AI-related expenditures.
Esmail Kowsari, a member of the Iranian parliament's national security committee, said in an IRIB interview that President Donald Trump's approach to negotiations with Iran is contradictory and unreliable. Kowsari cited repeated Trump statements claiming the Strait of Hormuz was open, asserting Iranian failure, and suggesting an imminent deal with Tehran, while Iran denies direct talks with Washington. The criticism underscores deep mistrust on Iran's side and a widening gap over the prospect of any agreement.
The National Certification and Accreditation Administration has decided to suspend, effective immediately, the entrustment of U.S. certification bodies to conduct post-certification factory follow-up inspections by China's designated CCC certification agencies. This will affect the follow-up supervision of product certification.
The Ministry of Commerce announced tighter export controls on drone-related dual-use items to the United States, citing national security and international non-proliferation obligations. Items on the export control list, including drones, key components, and related technology, will undergo strict case-by-case review without license facilitation. The measure takes effect immediately upon announcement.
Yemen's Houthi group said they used a ballistic missile to strike a Saudi oil tanker named "Wafa" in the Red Sea north of Yanbu, claiming a direct hit. It is the eighth Saudi tanker they claim to have attacked since the blockade began on the twenty-second of July. They also said they forced twenty-nine other Saudi tankers to turn back, heightening shipping risks in the Red Sea.
Yemen's Houthis Say They Attacked a Saudi Tanker in the Red Sea · Yemen's Houthi group said it attacked a Saudi oil tanker in the Red Sea. The incident could heighten shipping security risks in the region and affect energy transport routes.
An informed Iranian official said U.S. intervention and military threats were the main reasons for the delay in the agreement with Oman on the Strait of Hormuz. As long as threats remain, the deal will be postponed. Iran will not reach any agreement under the shadow of threats.
Iran state media cited informed sources saying the Hormuz Sea agreement with Oman will be postponed as long as the US continues to threaten Iran. The delay reflects how regional tensions are affecting diplomatic efforts. Geopolitical risks may draw attention.
In an interview, President Trump said Iran will never possess nuclear weapons and that the Strait of Hormuz will reopen soon, or Iran will be hit very hard. He claimed a massive attack was planned, but Iran called to negotiate, warning that reneging again would bring severe consequences. The remarks highlight rising US-Iran tensions with potential implications for the Middle East and energy markets.
President Trump: Strait of Hormuz may open on Wednesday or Thursday. · President Trump said the Strait of Hormuz might reopen on Wednesday or Thursday. This statement could affect global oil prices and market sentiment. The exact timing remains unconfirmed.
Trump: Strait of Hormuz Will Open Soon or Iran Faces Severe Strikes · US President Trump said the Strait of Hormuz will open soon, otherwise Iran will face severe strikes. This highlights the US tough stance against Iran's blockade threat. Markets may watch oil supply risks.
MRVL: Marvell Technology Announces Conference Call for second quarter Fiscal 2027 Results and Investor Day · Marvell Technology, Inc. announced a conference call to review second quarter fiscal 2027 financial results and an Investor Day on October 6, 2026 in New York City.
Stifel cuts Tesla (TSLA) price target to $491 from $508, keeps Buy · Stifel lowered its price target for Tesla (TSLA) to $491 from $508, while reiterating a Buy rating. The adjustment indicates the firm maintains a positive stance on the stock.
Dell AI Factory with NVIDIA Advances Supercomputing-Class Infrastructure · The Dell AI Factory with NVIDIA advances supercomputing-class infrastructure powering the next generation of HPC and AI.
Use email, RSS, or Telegram for breaking updates and information-library summaries.