Finance

1067 articles

Tesla's Cybercab Is Now Charging for Driverless Rides in Texas — Here's What We Know and What's Still Missing

Tesla launched paid driverless Cybercab rides in three Texas cities on September 3, 2026, marking its transition from testing to commercial revenue. The rollout has been building all year, with production starting at Gigafactory Texas and service live in seven U.S. metros. Key questions about per-ride economics, capital costs, and scalability remain unanswered in Tesla's disclosures.

Marcus Sterling·5 min read·20h ago·6 sources

Tesla's Cybercab Is Now Charging for Driverless Rides in Texas — Here's What We Know and What's Still Missing

Mortgage Rates Held Near 6.7% This Summer — and Analysts Don't See Much Relief Through 2028

Freddie Mac's 30-year fixed mortgage rate held at 6.66% in late August 2026, with multiple sources confirming rates in the high-6% range all summer. A Reuters poll forecasts rates staying above 6% through 2028, reflecting reduced expectations for Fed rate cuts to translate into cheaper mortgages.

Marcus Sterling·5 min read·20h ago·6 sources

Mortgage Rates Held Near 6.7% This Summer — and Analysts Don't See Much Relief Through 2028

A Strong El Niño Is Forming — and It Could Be the Most Powerful in 70 Years

The WMO reports a strong El Niño is rapidly developing in mid-2026 and could become the most powerful in over 70 years, bringing elevated drought and flood risks to agricultural regions worldwide, with potential commodity-market disruption lasting into early 2027.

Marcus Sterling·6 min read·20h ago·13 sources

A Strong El Niño Is Forming — and It Could Be the Most Powerful in 70 Years

The Dutch Central Bank Is Moving Its Gold to London. Here's Why It Matters.

The Dutch central bank has moved gold from New York and Ottawa to London to improve tradability and crisis preparedness, even as other central banks are repatriating gold. A tonnage discrepancy between announced and reported transfers remains unexplained.

Marcus Sterling·7 min read·22h ago·10 sources

The Dutch Central Bank Is Moving Its Gold to London. Here's Why It Matters.

Victoria's Secret Posts 10% Revenue Growth in Q2 2026, Near the Top of Guidance

Victoria's Secret reported Q2 2026 net sales of $1.611 billion, up 10% and near the high end of guidance, marking a second straight quarter of double-digit growth after a dramatic two-year turnaround from its March 2024 lows.

Marcus Sterling·4 min read·22h ago·9 sources

Victoria's Secret Posts 10% Revenue Growth in Q2 2026, Near the Top of Guidance

U.S. Jobs Growth Hit a Record Low in August 2026 — What the Mixed Signals Mean

U.S. private-sector job growth slowed to a record-low 38,000 in August 2026, while manufacturing cooled and services demand stayed hot but stopped hiring — creating mixed signals for the Fed and investors.

Marcus Sterling·5 min read·22h ago·15 sources

U.S. Jobs Growth Hit a Record Low in August 2026 — What the Mixed Signals Mean

Broadcom's Q3: AI Chip Revenue Tripled, but Q4 Guidance Fell Short

Broadcom's Q3 FY2026 revenue hit $29.6 billion, with AI chip sales more than tripling to $16.7 billion. However, Q4 guidance of $34.8 billion fell short of analyst consensus, raising questions about whether the pace of upside surprises is cooling even as growth rates remain extraordinary.

Marcus Sterling·5 min read·23h ago·7 sources

Broadcom's Q3: AI Chip Revenue Tripled, but Q4 Guidance Fell Short

August 2026 Jobs Report: What to Watch and Why It Lands at an Awkward Time

The BLS releases the August 2026 jobs report on Friday, September 4, at 8:30 a.m. ET. Here's what the data covers, why the Labor Day timing matters, and how markets and the Fed will read it.

Marcus Sterling·5 min read·23h ago·5 sources

August 2026 Jobs Report: What to Watch and Why It Lands at an Awkward Time

Snowflake Jumps 24% After Earnings Beat and Raised Revenue Forecast

Snowflake's shares jumped 24% premarket after a strong earnings beat and raised revenue forecast, driven by enterprise AI demand. The company's AI investments and partnerships signal a bet on sustained growth, though valuation and capital costs raise questions for investors.

Marcus Sterling·6 min read·2d ago·13 sources

Snowflake Jumps 24% After Earnings Beat and Raised Revenue Forecast

Japan and the U.S. Staged the Largest Yen Intervention in 15 Years — Here's What Happened

Japan and the U.S. coordinated the largest yen intervention in 15 years, totaling ¥11,734.9 billion in Q2 2026 plus a separate July 31 operation. The effort coincided with stock market volatility, record corporate bond issuance, and rising AI-related borrowing — a convergence with broad implications for global markets.

Marcus Sterling·6 min read·2d ago·8 sources

Japan and the U.S. Staged the Largest Yen Intervention in 15 Years — Here's What Happened