Finance
BLS Preliminary Estimate Cuts U.S. Payroll Growth Through March 2026 by 79,000, or 0.1%
The Bureau of Labor Statistics said Friday that its yearly check against tax records points to 79,000 fewer nonfarm jobs and 178,000 fewer private jobs as of March 2026 than its monthly surveys had shown.
Victory Capital Agrees to Buy First Eagle Investments for About $7 Billion
The August 26 agreement pairs roughly $4.4 billion in cash with about $2 billion in new Victory stock, and the companies say the combined firm would manage about $571 billion.
Nvidia Agrees to Buy AI Model Hub Hugging Face for $12.9 Billion, The Information Reports
Neither company has confirmed the deal, which several outlets matched on Aug. 27, 2026, and which would be Nvidia's largest acquisition to date.
U.S. Weighs About 7.5% "Overcapacity" Tariff on Chinese Goods Before Sept. 24 Trump-Xi Meeting
Bloomberg reported the Trump administration may publish results of a Section 301 excess-capacity investigation and add roughly 7.5% in duties, a level officials believe stays inside the 20% ceiling set by the U.S.-China trade truce.
CrowdStrike Reports $1.47 Billion in Quarterly Revenue and Raises Full-Year Outlook; Shares Rise About 11% After Hours
The cybersecurity company said revenue for the quarter ended July 31, 2026 rose 26% and that it added a record $332.8 million in new annual recurring revenue, while analysts remain split over whether the growth justifies the stock's price.
Nvidia Reports $96.2 Billion in Quarterly Revenue, Forecasts $108 Billion for the Current Quarter
The chipmaker's fiscal second-quarter sales rose 106% from a year earlier, and executives told analysts they expect about 70% revenue growth in fiscal 2028, while also guiding gross margins lower on rising memory costs.
Salesforce Reports 10.8% Revenue Growth and Raises Fiscal 2027 Outlook; Shares Rose 12% to 14% in After-Hours Trading
The company said Agentforce annual recurring revenue passed $1.5 billion, while most of its $300 million guidance raise came from two pending acquisitions rather than existing products.
Dick's Sporting Goods Stock Falls 30.68% After Q2 Earnings Miss and Lowered Full-Year Outlook
The retailer reported $5.59 billion in quarterly sales, a $31.9 million loss at newly acquired Foot Locker, and cut its full-year adjusted earnings forecast to $11.00–$12.00 a share from $13.50–$14.50.
BEA Releases July PCE Inflation Report on Aug. 26; Forecasters Had Put Core at 3.2%–3.3%, Two Days Before Warsh's Jackson Hole Speech
The Bureau of Economic Analysis was scheduled to publish the July personal income and outlays report at 8:30 a.m. ET, with economists expecting the Fed's preferred core inflation gauge to stay near 3.2%–3.3%, above the central bank's 2% target.
Alibaba Prices $10.2 Billion Hong Kong Share Sale at 8.4% Discount to Fund AI Spending; Hong Kong Shares Fall 8.5%
Alibaba sold 710 million new shares at HK$112.70 each, below Friday's close, and said all net proceeds will go to AI chips, infrastructure and models.
Samsung Board Approves 90–110 Trillion Won Shareholder Return; Stock Closes Down 8.70% on Aug. 24 as Kospi Falls 3.12%
Samsung Electronics set the largest payout package by a Korean company, but left most of the money's use undecided until January 2027, and Seoul shares fell on the first full trading day after the announcement.