Oil prices surged unexpectedly on August 20, 2026, reaching $88.15 per barrel for WTI crude, amid ongoing conflict between the US, Israel, and Iran nearing six months. Treasury Secretary Scott Bessent expressed confusion over the spike, calling it "noise," despite the recent US announcement of a harsh economic sanctions campaign against Iran and Iran's pledge to keep the Strait of Hormuz closed, a key oil transit route. The conflict has severely disrupted oil flow, causing volatility in prices and economic strain on Iran, while US gas prices have edged higher. The situation remains tense with no resolution in sight, raising concerns about future market stability and geopolitical risks.
Alnylam Pharmaceuticals lowered its full-year 2026 sales guidance by about $200 million due to slower-than-expected growth in its TTR product after initial launch demand normalized. This announcement followed the company’s disappointing second quarte...
US spot Bitcoin and Ether ETFs experienced a strong rebound with $2.6 billion in net inflows for the week ending August 21, 2026, marking their best weekly performance since October 2025. Bitcoin ETFs led the surge, attracting nearly $1.9 billion and...
In August 2026, the Invesco QQQ Trust, a major NASDAQ 100 ETF, experienced a significant net outflow of approximately $10.9 billion, including a record single-day withdrawal of $5.71 billion. In contrast, Bitcoin ETFs saw about $1.92 billion in net i...
As of August 22, 2026, every S&P 500 index fund holds more Nvidia stock than Apple. This shift highlights Nvidia's growing dominance in the market, reflecting strong investor confidence in its technology and growth prospects. The change could influen...
Vanda Pharmaceuticals announced its NEREUS™ branded No. 47 car, driven by Mick Schumacher, will compete in the inaugural Freedom 250 Grand Prix on Washington D.C.'s National Mall. The race celebrates America's 250th anniversary with a 147-lap event o...
