Good morning.
The Fast Five → Wall Street braces for August inflation report, ECB hikes interest rates, bond selloff sends 10-year yields to near 5%, oil jumps to $105, and Wall Street says Apple's new foldable iPhone has 2 problems…
📌 Here’s the stock symbol I’ve promised →
(from Stansberry Research)
Calendar: Full Calendar »
Today:
Consumer Price Index, 8:30A
Monday:
None watched
Your 5-minute briefing for Friday, September 11 🇺🇸
Market Wrap:
Futures: Dow -11, S&P flat, Nasdaq +0.1%
Thu: Dow -300 (-0.6%), S&P -0.6%, Nasdaq -0.7%
Stocks fell for a fourth straight session
WTI topped $100 as U.S.-Iran tensions persisted
10-year Treasury yield surged above 4.95%
Wholesale inflation rose 0.4% in August
Focus shifts to CPI and next week’s Fed decision
EARNINGS
Here’s what we’re watching this week:
Today:
Kroger $KR ( ▲ 0.9% ) - EPS of $1.06 (+1.9% YoY) on $34.61B revenue (+2.0% YoY)
The Closest Thing to a Virtual AI Monopoly Wall Street is Ignoring
A little-known company is building what may be the closest thing to a virtual monopoly the AI era has ever seen.
Only 3...
Yet it beat Apple, Amazon, and the S&P 500 combined...
While paying out $146,000 in total dividends on a 1,000-share stake.
Kevin O'Leary calls what it controls a "unicorn."
Right now, it's trading at a rare discount.
>> Whitney Tilson reveals the name, completely free. <<
- A sponsored message from Stansberry Research -
HEADLINES
Wall St ends lower as yields rise, inflation concerns mount (more)
Bessent: 'A large bank' will be sanctioned next week, part of Iran strategy (more)
Trump moves to ease environmental rules for data centers (more)
Trump announces $500 Obamacare refunds for nearly 1 million people (more)
ECB hikes interest rates amid inflation risks (more)
Oil jumps to $105 a barrel after Middle East tanker attacks escalate (more)
Wholesale prices rose 0.4% in August, as expected (more)
US weekly jobless claims edge down as layoffs remain low (more)
Mortgage rates just crossed 7% (more)
Wall Street says Apple's iPhone Duo has 2 problems (more)
Oracle tops estimates as AI demand tempers cash-burn fears (more)
JetBlue raises third-quarter fuel price forecast (more)
Adobe beats third-quarter revenue estimates on AI product demand (more)
Defense tech Mach Industries doubles valuation to $3.7B in 3 months (more)
PayPal keeping options open amid buyout rumors (more)
Chinese AI labs secretly used millions of Claude exchanges to train their models (more)
DEALFLOW
M+A | Investments
Copart buying ACV Auctions for $1.9B in its biggest-ever deal
Shell sells Rhode Island power plant to Constellation Energy for $715M, acquires Hunlock Creek
Axogen to acquire BioCircuit Technologies for $200M
Nasdaq to invest $100M in Kraken parent to deepen tokenization push
Brazilian ID-verification firm Unico acquires Argentina's Valida
Barington takes new stake in Bath & Body Works
A-Rent Test Equipment receives investment from Bregal Sagemount
VC
Motive, an AI platform for physical operations, raised over $1.3B in funding
Positron AI, an AI inference hardware platform, raised $875M in Series C funding
Mach Industries, a defense manufacturer developing advanced autonomous systems, raised $600M in Series C funding
Ayar Labs, a company specializing in co-packaged optics solutions, raised $150M in additional funding
TAR, off-grid power systems for AI data centers, raised $120M in Series A funding
Clay, an AI go-to-market company, raised $115M in Series D funding
Perry Weather, a weather safety and operations platform, raised $110M in funding
Inspiren, an AI-powered senior living care platform, raised $70M in Series C funding
Heron Power, a provider of power electronics solutions, raised a $60M credit facility
Lightfield, an AI-first CRM system of record, raised $47M in Series A funding
Epsilon Health, an AI-native radiology practice, raised $27.6M in funding
Luminary, an AI wealth transfer and admin platform, raised $22M in Series A funding
Aqua, a provider of an investments platform, raised $15M in Series A funding
Graph AI, an AI-native patient safety platform, raised $13.3M in Series A funding
Intermezzo, a global payroll infrastructure company, raised $10M in funding
Sparkle Grooming Co., a wellness-focused dog grooming franchise, received $6M in funding
CRYPTO
BULLISH BITES
🚨 Move your money here before September 30th. *
📈 Jensen Huang explains why Nvidia will grow an astounding 70% next year.
👎 States that gave data centers billions in tax breaks are now ripping up the deals.
🎓 Forbes’ Top 25 public colleges for 2027.
🗽 How a restaurant at the Top of the World Trade Center changed New York.
DAILY SHARES
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