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The Daily Briefing · Monday, August 24, 2026
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Asia Tech Rout, Tariffs Shake Markets Monday
Alibaba (BABA) fell 9.76% in Hong Kong after pricing a $4.2 billion share placement at a steep discount, pulling the Hang Seng down over 2%.
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Also today
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Israel, Hezbollah Strikes Derail Hormuz Deal, Oil Hits $94
Israel killed two senior Hezbollah commanders on August 16, leaving 11 dead in Lebanon's deadliest raid since a June US, brokered truce.
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Nvidia Aug. 26 Earnings: The AI Trade's Binary Moment
Consensus revenue stands at $93.6 billion for Q2 FY2027, roughly 96% year, over, year growth, above Nvidia's own $91 billion guidance midpoint.
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UAE Cuts All Iran Trade After Missile Fire
The UAE suspended all trade, commercial, and banking transactions with Iran effective August 19, 2026, following two ballistic missile strikes the previous day.
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Warsh's Jackson Hole Debut Puts Interest Rates on Alert
Warsh speaks at 10am ET on August 28, nineteen days before the September 16 FOMC decision on interest rates.
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DKS Heads Into Q2 With Foot Locker Integration in Focus
Q2 revenue consensus for DKS stands at $10.6 billion, representing approximately 62% year, over, year growth driven by Foot Locker consolidation.
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BJ's Wholesale Hits 8.5M Members, Beats Q2 Targets
BJ (NYSE: BJ) reached a record 8.5 million total members in Q2 2026, with higher, tier penetration hitting an all, time high of 43%.
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More headlines
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S&P 500 Ends 3, Week Win Streak in Risk, Off Rotation
S&P 500 dropped 1.4% for the week ended August 21, snapping three consecutive weekly gains; the Dow Jones Industrial Average posted a second straight weekly loss
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Broadcom Eyes $100B AI Financing to Challenge Nvidia
Broadcom is structuring up to $100 billion in AI debt through a special, purpose vehicle, $60, 70B senior secured and approximately $30B junior, to fund chip access for customers including Anthropic.
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ROST Surges 8% on Q2 Earnings Blowout
ROST jumped approximately 8% after reporting Q2 EPS of $2.66 versus analyst consensus of $1.94, a 37% beat.
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August 26 Data Collision Could Kill September Rate Cut
Core PCE for July is forecast near 3.29% year, over, year, well above the Fed's 2% target and the informal 2.9% threshold markets treat as prerequisite for easing.
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Dollar Stores Become U.S. Consumer Stress Bellwether
Both DLTR and DG report August 27; Dollar Tree EPS estimate is $1.11, $1.13 on $4.85B revenue.
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Salesforce CRM: 22% Drop Makes August 26 Earnings Critical
CRM trades at $205.71, down 22.19% year, to, date, as Salesforce prepares to report fiscal Q2 FY2027 results after market close on August 26.
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Dalio: U.S. Debt Crisis Could Hit Within Three Years
Dalio says the federal deficit must fall from near 5.8% of GDP to 3% within three years or the U.S. faces a full sovereign debt crisis.
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Dow Surges 559 Points as PMI Hits 52, Month High
The S&P Global flash U.S. Composite PMI reached 56.0 in August, beating the 54.0 consensus estimate and the 54.5 July reading, the highest reading in over four years.
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Gold Clears $2,500 on Third Straight Weekly Gain
Spot gold touched $2,500 Friday, extending a 2024 year, to, date advance of roughly 22% and setting an all, time nominal high.
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Tesla Wins Nevada Permit for 5,000 Paid Robotaxis
Clark County raised Tesla's commercial robotaxi ceiling from 10 to 5,000 vehicles, unlocking fare collection at metropolitan scale.
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From the startup desk
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Video of the day
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Decoding Crude Oil
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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