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Federal Judge Strikes Down Texas Drag Show Ban for Second Time
Federal Judge David Hittner permanently blocks Texas from enforcing Senate Bill 12, ruling the 2023 drag show ban unconstitutional for the second time due to First Amendment violations.
Moonshot AI Negotiates Revenue-Sharing Deals With Microsoft, Amazon and Google
Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon, and Google, Reuters reported on August 26, 2026. The Beijing-based startup wants these three cloud giants to host its Kimi K3 model. Moonshot is seeking up to 30% of revenue generated from K3-related services. A completed deal would mark the first major revenue-sharing pact between a…
US Stock Market Outlook: Dow and S&P 500 Futures Flat, Nasdaq Futures Down 0.2%
US stock futures were little changed on August 26, 2026, as investors stayed cautious ahead of two major market events. Dow and S&P 500 futures hovered around the flat line, while Nasdaq futures slipped about 0.2%. Wall Street is waiting for Nvidia’s quarterly earnings and July PCE inflation data, the Federal Reserve’s preferred inflation gauge….
Oil Prices Fall Over 2% as Iran Talks Raise Hopes for Strait of Hormuz Reopening
Oil prices fell more than 2% on August 26, 2026, after renewed Iran-Oman talks raised hopes that the Strait of Hormuz could reopen. Brent crude slipped to around $86.30 a barrel, while WTI traded near $80.15, extending the previous session’s losses. Markets are now watching whether diplomatic progress can restore shipping through the waterway. A…
FTSE 100 Holds Near Multi-Week Highs Despite 1.5% Drop in Shell and BP
The FTSE 100 held broadly flat near 10,880 on Wednesday, August 26, 2026. Shell and BP both fell more than 1.5% as crude oil prices dropped sharply. The index stayed close to multi-week highs, building on Tuesday’s 0.3% gain. Oil Majors Drag While Miners Support the Index Brent crude fell around 2% to roughly $86…
Nvidia Stock Faces Fresh Pressure as AI Trade Doubts Grow Despite 14% Gain
Nvidia stock is up about 14% in 2026, but investor confidence in the AI trade is facing another test. On August 26, 2026, Nvidia is due to report its fiscal second-quarter results. Wall Street will be looking for signs that AI demand can continue growing at its current pace. The stock’s strong gains have lifted…
Nvidia Earnings in Focus After Stock Loses 7.5% in Seven-Day Losing Streak
Nvidia enters its earnings report today, August 26, 2026, after a seven-session losing streak that erased roughly 7% of its value. The stock snapped that skid Tuesday, closing up 2.2% to end the longest losing run since 2022. Nvidia reports fiscal second-quarter results after market close, with Wall Street expecting revenue near $92 billion. That…
META Stock Rises 1.97%: Meta Discusses Possible Settlement in Teen Addiction Lawsuit
Meta Platforms (NASDAQ: META) shares rose 1.97% to $570.05 on August 25, 2026, after reports that the company and U.S. states have discussed a possible settlement in the ongoing teen social media harm case. The lawsuit involves 29 states and accuses Meta of designing Facebook and Instagram to be addictive for young users. With the…
Jack Ma Buys Alibaba Shares, But Investor Concerns Over $10 Billion Sale Remain
Jack Ma has purchased more than HK$600 million ($76.5 million) of Alibaba shares since August 23, 2026. The buying followed Alibaba’s record HK$80 billion ($10.2 billion) share placement announced August 23. Chairman Joe Tsai and CEO Eddie Wu together bought at least $25 million more in stock. Despite this insider buying, Alibaba shares remain nearly…