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Oil prices rise, Asia stocks drift amid US-Iran stalemate

Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook.

Yen steadies as intervention boost fades; RBA in focus

The yen steadied on Tuesday after a sharp drop in the previous session as the joint U.S.-Japan intervention failed to deliver a lasting boost, while the Australian dollar was at an eight-week high ahead of a policy decision from the countrys central bank.

AerSale (ASLE) Stock Trades Down, Here Is Why

Shares of aerospace and defense company AerSale (NASDAQ:ASLE) fell 7.9% in the afternoon session after the company reported disappointing second-quarter results, missing both earnings and revenue estimates. AerSale posted an adjusted loss of $0.09 per share, a significant miss compared to the consensus forecast for a $0.07 profit. Revenue for the quarter came in at $70.93 million, a sharp 33.9% decline from the same period a year earlier.

The eBay deal Ryan Cohen swore he wanted is falling apart

Is Ryan Cohen giving up on eBay? Not according to Bloomberg’s Monday, Aug. 10, report, but the ambition has clearly shrunk. Six weeks ago, Cohen told Bloomberg TV he was coming for eBay “one way or another.” Now, people familiar with the matter tell Bloomberg that GameStop’s CEO is weighing whether ...

Oil steadies near one-week highs as US-Iran peace deal hopes dim

Oil prices steadied on Tuesday at more than ?one-week highs amid fading hopes of a deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the U.S. has incurred.

Berkshire Hathaway’s earnings paint misleading picture

Berkshire Hathaway posted $12.98 billion in operating earnings for the second quarter of 2026, translating to about $6.03 per Class B share, comfortably beating the Zacks Consensus Estimate of $5.24 per share. The 16% year-over-year jump represented $1.8 billion in additional profit compared with ...

Fidelity warns American workers on 401(k), IRA mistakes

American workers leaving a job often struggle with choices they have, including whether they should roll the 401(k) plan they are exiting into an IRA. Fidelity Investments explains options people can consider — and emphasizes key mistakes to avoid during the process. "If youve left a previous job ...

Japan’s chip subsidies may swing $6.4 billion Sony bet

Sony and TSMC are back in Kumamoto, this time as partners rather than neighbors, discussing a $6.4 billion image sensor plant on the same ground where Japan already spent billions rebuilding its chip industry. Five years ago, Tokyo lured TSMC to the prefecture with unprecedented state subsidies. ...

UBS upgrades Jabil, citing AI, healthcare, and automation growth with a $430 price target.

UBS upgraded Jabil Inc to Buy and raised its earnings estimates, driven by strong growth prospects in AI, healthcare, and automation sectors. The firm expects Jabils AI-related revenue to grow about 50% in fiscal 2027, supported by capacity expansions and key customers like Amazon and Meta. Healthcare growth is expected from new capacity in Croatia, focusing on higher-margin products. UBS raised earnings-per-share forecasts for 2027 and 2028, anticipating operating margin improvements and a m...

Jabil expands into full data center services, targeting $40B revenue and $13.6B AI revenue by 2026.

Jabil is transforming from a traditional manufacturer into a comprehensive data center infrastructure partner, extending its services to power, cooling, and rack-level integration. The company projects its AI-related revenue to reach $13.6 billion by fiscal year 2026, with potential to exceed $20 billion in 2027. Management aims for total revenue above $40 billion and core operating margins over 6% by 2027, which supports a fair value estimate of $408 per share and a Buy rating. Risks include ...