Meta reached an $18 billion settlement, drawing attention to child-safety obligations for online platforms. The outcome may increase regulatory pressure on rivals such as TikTok and YouTube.
Nvidia's data center business grew 117% year over year during the second quarter. The report highlights a $279 billion commitment related to memory chips.
On Wednesday, the Global X MLP & Energy Infrastructure ETF outperformed, rising about 2.3%. Strong components included DT Midstream, up about 4.8%, and Williams Companies, up about 4.5%.
Franklin Templeton announced a quarterly cash dividend of $0.33 per share, payable on October 9, 2026, to shareholders of record on September 30, 2026. Other companies also reported dividend news.
On Wednesday, shipping shares lagged, down about 3.1%, with Dorian LPG down about 6.1% and Pangaea Logistics Solutions down about 6%. Precious metals also underperformed.
On Wednesday, apparel stores shares led, up about 2.6%, with Abercrombie & Fitch up about 37.4% and Urban Outfitters up about 4.9%. Computers also showed relative strength.
Ford plans a large overhaul of its North American product lineup, focusing on the Bronco brand. This comes as the company pulls back on its EV ambitions.
Amaze Holdings announced a cost reduction plan targeting approximately a 40 percent reduction in operating expenses. This is a corporate restructuring move.
The Personal Consumption Expenditures (PCE) price index rose slightly higher than expected in July. This is a key inflation gauge for the Federal Reserve.
Intel will showcase its AI infrastructure progress at the AI Infra Summit 2026, covering edge, enterprise, cloud, and physical AI environments. CEO Lip-Bu Tan will participate in a fireside chat on September 15.
According to Metals Channel, Reliance Inc is the #15 broker analyst pick on average among the 50 stocks in the Metals Channel Global Mining Titans Index. The report highlights analyst recommendations.
Billionaire investors including Stanley Druckenmiller, Peter Thiel, Seth Klarman, and David Tepper have recently bought Amazon stock. The stock is trading at a valuation that some consider attractive.