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THE DAILY PULSE


Robinhood Partners With Crypto.com to Widen Prediction Markets Push
Robinhood announced a strategic partnership with Crypto.com and its prediction markets platform, OG.com, expanding the brokerage's event-contract offering and giving it access to another federally regulated trading venue. The timing places the expanded product ahead of the U.S. football season and the November midterm elections, two of the highest-volume periods for event contracts. Prediction markets have become one of Robinhood's faster-growing revenue lines, sitting alongs
Sep 111 min read


UBS Trims Delta Target to $99 as Airlines Navigate Higher Fuel
UBS maintained its Buy rating on Delta Air Lines Thursday while cutting its price target to $99 from $112, citing the cost environment facing carriers as crude prices climb. Delta closed the session at $78.13 on the NYSE, down 0.8% on the day. The revision comes as jet fuel costs move with a crude complex that has pushed higher on Middle East supply disruptions, compressing the margin advantage that premium-heavy carriers built through the first half of the year. Separately,
Sep 111 min read


Kroger Reports Q2 With New Management's Turnaround Under Review
Kroger reported second-quarter fiscal 2026 results before the opening bell Friday, with a conference call scheduled for 8:00 a.m. Eastern. Analysts had projected revenue of roughly $34.68 billion, a 2.2% increase from the prior-year period, and adjusted earnings of $1.05 per share, about 1% above last year. The most closely watched line is identical sales excluding fuel, which management had guided toward roughly 1% for the quarter. For the full year, Kroger has maintained gu
Sep 111 min read


Copper Tariff Delay Reverses Record Rally, Freeport Sinks 8%
Copper stocks sold off sharply Thursday after Washington postponed its decision on tariffs for refined copper, removing the catalyst that had driven the metal to record highs earlier in the week. Freeport-McMoRan fell roughly 8% to $70.43, while Teck Resources and Southern Copper each dropped about 7%. The reversal came just days after LME three-month copper touched an intraday all-time high of $14,694 per ton on September 8, surpassing the prior record of $14,527.50 set in J
Sep 111 min read


August CPI Lands at 3.4%, Pushing Fed Hike Odds Below 50%
The Bureau of Labor Statistics released August consumer price data Friday morning, showing headline inflation up 3.4% from a year earlier and 0.1% on the month. Core CPI, which strips out food and energy, rose 0.2% month over month for a 2.5% annual rate. Both readings landed close to consensus forecasts, and shelter remained the largest single monthly contributor. The print matters more than usual because it is the last inflation reading the Federal Open Market Committee wil
Sep 111 min read


Brent Crude Tops $100 as Middle East Strikes Hit Tanker Traffic
Brent crude climbed above $100 a barrel on Wednesday for the first time since July, as attacks on tankers and energy infrastructure intensified across the Middle East. West Texas Intermediate, the U.S. benchmark, advanced toward $95. The U.S. military sank four Iranian tankers in the Gulf of Oman and destroyed a fifth near Kharg Island, while Iran-backed Houthi militants claimed attacks on a 400,000-barrel-a-day Saudi refinery. Morgan Stanley told clients that higher oil and
Sep 101 min read


Chevron CFO Maps a Path to 600,000 Barrels a Day in Venezuela
Chevron Chief Financial Officer Eimear Bonner told the Barclays Energy-Power Conference on Tuesday that the company's portfolio is bigger, better and stronger than it has ever been. Chevron currently produces about 280,000 barrels of oil per day in Venezuela and expects output to reach 600,000 barrels per day around 2031, backed by roughly $7 billion in gross investment over five years and more than double its current rig count. Bonner said plateau production could reach 600,
Sep 101 min read


Robinhood CEO Defends Tokenized Stocks in Public Clash With AMC
A dispute over tokenized stocks moved from social media to television on Wednesday, with Robinhood CEO Vlad Tenev pushing back against AMC Entertainment CEO Adam Aron, who had accused Robinhood of tokenizing AMC shares without the company's blessing. Speaking on CNBC, Tenev argued that once a company goes public its shares become transferable property, and issuers do not control other companies issuing their own securities that reference those shares. Robinhood's stock tokens
Sep 101 min read


Airlines Face a Fuel Squeeze as $100 Oil Reverses the Trade
The move above $100 Brent works in the opposite direction for airlines. The U.S. Global Jets ETF slipped in Wednesday's premarket session after losing more than 13% over the previous month. Delta Air Lines fell 13.9% across that stretch, while United Airlines Holdings declined 16.8%. Jet fuel represents roughly 25% to 30% of operating expenses for many carriers, according to the International Air Transport Association, making it one of the industry's highest and most volatile
Sep 101 min read


Rate-Hike Odds Near 60% for Sept. 16 as Yields Squeeze REITs and Miners
Expensive oil feeds inflation, and inflation is feeding a more hawkish Federal Reserve. CME FedWatch put the odds of a September rate hike near 60% on Wednesday, up from roughly 40% before Chair Kevin Warsh's Jackson Hole speech. The 10-year Treasury yield rose to about 4.78%, its highest level since early 2025. A stronger-than-expected August payrolls report, which showed 162,000 jobs added against a 55,000 consensus, hardened the hawkish case ahead of the Sept. 16 policy me
Sep 101 min read


NIO Heads Into Sept. 1 Earnings With Sentiment Near Record Lows
NIO is on track for a fourth straight monthly decline, with its U.S.-listed shares down about 7% in August, raising the stakes for the Chinese EV maker's second-quarter report due September 1. Retail sentiment on Stocktwits sits at 27 out of 100, just above the record low of 21 touched in late July. The delivery picture is mixed. Second-quarter deliveries rose 49% year over year to 107,658 vehicles but missed the company's own guidance of 110,000 to 115,000. July offered a br
Aug 231 min read


Silver Nears $69 as Hecla and Pan American Extend Their Run
Spot silver closed the week near $68.92 an ounce, extending a rally that has seen the metal surge nearly 4% in single sessions and clear $65 for the first time since January's record. Investors rotating toward hard assets amid recent bond-market volatility have kept precious metals among the market's most durable performers this month. Hecla Mining has been a standout beneficiary, up roughly 13.5% from its August 12 close. The company retired the last of its senior notes in A
Aug 231 min read


Warsh's Jackson Hole Debut Headlines a Quiet Data Week
Markets enter the final full week of August with few major economic releases on the calendar, leaving attention squarely on the Federal Reserve's Jackson Hole Economic Policy Symposium, which runs August 27–29 in Wyoming. It will be the first symposium chaired by Kevin Warsh, whose keynote on monetary policy is set for Thursday, August 27. Warsh has spent his early months as chair calling for a monetary policy 'regime change' and arguing that above-target inflation has persis
Aug 231 min read


Delta Pulls Away From American as 2026 Airline Divide Widens
The gap between the major U.S. carriers keeps widening. Delta Air Lines is up about 16% year to date at $80.86, while American Airlines has slid 12% to $13.49, leaving it the only major U.S. carrier in the red this year. United sits roughly flat in between. Analysts attribute Delta's outperformance to its diversified revenue mix — premium cabins, loyalty and credit-card partnerships, and even its own oil refinery — which softens the blow from elevated jet fuel prices. America
Aug 231 min read


Snap Insiders Step Up Stock Sales as Shares Draw Fresh Scrutiny
A wave of insider selling at Snap has caught investors' attention this week, with multiple sell-offs by senior executives reported on August 21 following filings earlier in the week showing top brass quietly cashing in shares. Insider sales are not inherently a red flag — executives sell for tax, diversification, and prearranged trading-plan reasons — but clusters of sales tend to invite scrutiny, particularly for a stock that has struggled to sustain momentum against larger
Aug 231 min read


Super Micro Cleared by Internal Probe as Backlog Tops $60 Billion
Super Micro Computer said a board-led independent investigation into export-control violations tied to a March indictment of three former associates has concluded, clearing current senior management of wrongdoing. The probe found no direct illegal sales occurred and affirmed the reliability of the company's past financial statements, removing a cloud that had hung over the AI server maker. Alongside the announcement, Supermicro issued a preliminary business update pointing to
Aug 221 min read


Bitcoin's Best Week in Years Powers Riot and Robinhood Higher
Bitcoin capped its strongest week in roughly three years, climbing above $77,000 on Friday after briefly challenging $80,000 overnight. The cryptocurrency gained more than 20% on the week, up from around $62,800 on Monday, as a wave of regulatory optimism and heavy ETF inflows — more than $800 million into bitcoin and ether funds over two days — pulled investors back into digital assets. Crypto-linked equities rode the move. Robinhood Markets jumped as much as 11% on Friday a
Aug 221 min read


SpaceX Absorbs Second Lockup Wave as 319 Million Shares Unlock
SpaceX shares slipped this week as the company's second post-IPO lockup expiration took effect on August 20, releasing up to 319 million previously restricted shares held by current and former employees and early investors. The tranche expands the tradable float by roughly 20%. The release follows an initial unlock of up to 911.5 million shares on August 6, which the stock absorbed with a gain of about 6% that day. By Friday, shares had steadied around $135 in early trading a
Aug 221 min read


Stocks Rebound Friday but Post Weekly Losses on Bond Volatility
Wall Street clawed back ground on Friday after a week dominated by a sell-off in Treasurys. The S&P 500 rose 0.43% to 7,674.37, the Nasdaq Composite added 0.43% to 26,180.45, and the Dow Jones Industrial Average gained 517.80 points, or 0.98%, to close at 53,277.01, helped by healthcare names and a strong financials sector. The bounce wasn't enough to salvage the week. The S&P 500 fell 1.4% and the Nasdaq lost 2%, with both snapping three-week winning streaks, while the Dow s
Aug 221 min read


UPS Lands $2.7 Billion Government Contract Modification
United Parcel Service secured a modification to an existing transportation contract with the U.S. government valued at about $2.7 billion, with rival FedEx receiving a modification of similar size. The awards extend both carriers' long-running role moving freight and packages for federal agencies. The contract news lands at a welcome moment for UPS, whose shares have been pressured this year amid soft package volumes and an ongoing network reconfiguration. The stock traded be
Aug 221 min read
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