Summer Flings And Heartbreaks
Since the close on the Thursday before Memorial Day, the S&P 500 has rallied 3.7%. Sector breadth has been almost evenly split, with six sectors trading higher while five were lower.
Market News
‘BLOCKBUSTER': August jobs report STUNS economic expert
Unleash Prosperity co-founder Steve Moore analyzes the blowout August jobs report and its positive impact on the labor market on ‘FOX Business Wall Street.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #foxbusinesswallstreet #stevemoore #moore #jobsreport #jobs #economy #labormarket #employment #jobgrowth #economicgrowth #augustjobsreport #business #workers #hiring #useconomy #economics
When Fuel Gets Too Expensive, Par Pacific's Boom And The Risk Behind It
Par Pacific Holdings is benefiting from a refining margin super cycle, driving record profits, especially due to its dominant Hawaii position. PARR's Q2 2026 adjusted EBITDA surged to $571 million, with system-wide margin capture at 125%, far exceeding historical and peer averages. Despite current profitability, PARR trades at low multiples, reflecting market skepticism about the sustainability of these cycle-peak earnings.
How Billions in Iranian Money Passes Through U.S. Banks
Illicit Iranian funds are flowing through U.S.-dollar clearing accounts, creating an enforcement dilemma for Washington.
Zachary Hill on What Interest Rate Hikes Mean for Wall Street, Buying on Pullbacks
Wall Street is starting to price in a 25bps interest rate hike for September, though it may come down to what next week's CPI print shows, says Zachary Hill. He adds that it won't matter long-term, so long as it's not the start of a hike cycle.
Trump turns up the heat on Warsh as Fed rate hike looms
President Donald Trump, Vice President JD Vance and other senior administration officials are publicly pushing the Fed to avoid an interest rate increase or to lower rates. Markets have priced in about a 60% chance of a quarter-point September hike after employers added 162,000 jobs in August.
Winged monkeys
Sphere Entertainment president and COO Jennifer Koester discusses 4D upgrades to ‘The Wizard of Oz' at the Las Vegas Sphere and outlines future projects on ‘The Claman Countdown.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theclamancountdown #wizardofoz #lasvegas #nevada #lasvegassphere #sphere #entertainment #technology #4d #immersive #wingedmonkeys #tourism #attractions #innovation #movies
The 1-Minute Market Report, September 5, 2026
Markets remain range-bound, with the S&P 500 just 1% below all-time highs as dip buyers support every pullback. Energy stocks and AI-related names are outperforming, driven by rising crude prices and ongoing demand for semiconductors.
Spire Healthcare agrees £1.03 billion takeover by Toscafund and others
Spire Healthcare Group said on Saturday it had agreed to be taken over by consortium comprising funds managed by Toscafund, Three Hills and Ares, valuing its share capital at about £1,026 million ($1.39 billion).
The "Warsh Vs. The White House" Trade
The US President has demanded that the Fed slash interest rates or face a total trade cutoff with countries with which the which the US has a trade deficit. A premature Fed rate cut under political pressure risks a bond market meltdown and loss of central bank credibility when the labor market is strong and inflation remains above target.
Elon Musk's Inner Circle Is Pouring Cash Into Making Psychedelics Mainstream
SpaceX and Tesla directors are backing academic research and a commercial venture seeking approval for MDMA-assisted therapy.
Jobs Surge Raises Odds of September Fed Hike
On Bloomberg This Weekend, Seaport Research Partner Managing Director & Chief Equity Strategist Jonathan Golub says a stronger-than-expected US jobs report reinforces the case for the Federal Reserve to raise interest rates, despite President Donald Trump's calls for lower borrowing costs. Golub also says to hosts Christina Ruffini and Jeff Mason that his bigger concern is longer-term bond yields as heavy AI investment and government borrowing compete for capital.
The Most Divided Fed In A Decade Is About To Vote
The August jobs report erased labor market weakness concerns, shifting all FOMC focus to inflation and the upcoming CPI print. A hot August CPI could force a rate hike or a deeply divided FOMC, with political pressure from Trump amplifying market uncertainty.
Innodata: Expensive Today But The Growth Story Is Getting Stronger (Rating Upgrade)
Innodata upgraded to Buy as client diversification, margin expansion, and AI-driven growth strengthen the investment case. Q2 2026 revenue surged 58% to $92.1M, adjusted EBITDA rose 92%, and gross margin reached 49%, reflecting operational leverage. Client concentration risk has improved but remains material, with two clients contributing 71% of revenue; further diversification is needed.
August NFP Behind Her, Goldilocks Looks To Upcoming Inflation Data
August payrolls surged, driven by Leisure/Hospitality, Government, and Education/Health, with Manufacturing also positive—possibly linked to defense production. The current yield curve flattening could create a short Goldilocks phase, favoring big Tech and Semiconductors if inflation data is 'just right.
August Jobs Report: Rate Hike Indicated, But Maybe Just One
August's robust labor market data likely paves the way for a Fed rate hike in September, with unemployment steady at 4.1% and payrolls up 162k. Despite strong jobs and consumption data, rising jobless claims and slowing retail sales suggest only one rate hike is likely before economic headwinds emerge.
Shipping Sector Outlook: One War, Three Markets
Crude tankers offer a window trade: war premiums are real, structural tightness persists, but the order book closes the window by 2028. Dry bulk fundamentals improve beyond headlines; Capesizes lead, supporting a strong buy on Seanergy and a buy on Star Bulk.
Ready Capital: The Bad, The Worse, And The Preferreds
Ready Capital faces persistent GAAP losses and book value per share erosion, undermining its investment profile. RC's dividend has been slashed 97.5% over three years, now yielding just 2.26% with a token $0.01 quarterly payout. Shares trade at a steep 74% discount to book value, reflecting deep investor skepticism and ongoing balance sheet stress.
Trump's state capitalism comes to the oil industry with his unprecedented Venezuela deal
President Donald Trump's Venezuela oil deal gives the Pentagon an equity stake in North America Blue Energy Partners. NABEP has received concessions to 65 billion barrels of proved reserves, which would make it the second-largest oil company in the world.
Energy Markets Strained by Iran, Ukraine Wars
Renewed US-Iran fighting and uncertainty over shipping through the Strait of Hormuz are adding pressure to global energy markets, while the threat of mines continues to deter some traffic. Ukraine's attacks on Russian refineries are compounding tight diesel supplies, creating what Bloomberg News Oil Products Reporter Will Kubzansky describes as a distillates crisis heading into peak demand season.
