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Copper Hits Record $6.71 as Tariff-Driven Stockpiles Reach 675,185 Tons
COMEX copper surged to a record $6.7115/lb, while U.S. tariffs kept 675,185 tons in domestic warehouses, tightening global availability.
Madison Air Surges 12% After $2.25B Placement for ebm-papst Deal
Madison Air (MAIR) shares surged 12.1% to $27.99 after securing $2.25B through a share placement to finance its $5.4B acquisition of ebm-papst.
Korean Block Trading Commences Following Asian Equities Rebound
Korea's pre-market block trading is active after Asia's broad rebound. KOSPI recovered from a 4% drop, but foreign selling and Nvidia's earnings keep chip risk elevated.
CrowdStrike Options Flag $15B Swing as Q2 Earnings Loom
CrowdStrike dropped 2.8% before Q2 results. Options imply an 8% swing, about $15B in market cap. ARR and AI security demand in focus.
Gold Surges to Three-Month High as GLD Inflows Hit $1.2B Ahead of PCE Data
Gold hit a three-month high of $4,696.18 as GLD saw $1.2 billion in inflows, driven by falling Treasury yields. Investors now await the PCE inflation report for direction.
Hims & Hers Stock Rebounds 2.2% but Still Down $474M After Visa Dispute
Hims & Hers shares gained 2.2% on Tuesday, but the stock remains down $474 million in market value after a Visa dispute and FTC lawsuit raised concerns.
Robinhood Jumps 8% as Bitcoin Rally Boosts Market Value by $7.6B
Robinhood (HOOD) shares jumped 8.2% on Tuesday, adding $7.6B to market cap as Bitcoin surged to $81,237, boosting investor optimism.
Interactive Brokers Jumps 5.5% on South Korea Market Entry Deal
Interactive Brokers (IBKR) shares jumped 5.5% after announcing a distribution deal with Daol Investment to offer global equities in South Korea. Q2 net revenue climbed 28% to $1.90 billion.
Oil Prices Slide as Iran Sanctions Ease Supply Concerns
Crude prices sank Tuesday as traders bet that eased Iran sanctions won't disrupt supply. WTI fell 3.1% to $82.36, Brent dropped 3.9% to $88.58.
Nike Expands NFL Rivalries Lineup by Eight Teams After Record Fanatics Debut
Nike expands NFL Rivalries to 16 teams following a record Fanatics debut. New jerseys for eight teams arrive Sept 1, but financial impact remains unclear.
Target Stock Plunges 3.8% as $25 Costume Backlash Erodes $2.9B in Value
Target shares dropped 3.8% after a $25 Halloween costume backlash erased $2.9B in market value. The retailer pulled the product and apologized.