The PIF SpaceX stake is the largest Gulf position in Elon Musk’s rocket company that anyone can actually verify: Saudi Arabia’s Public Investment Fund reported 154,146,835 SpaceX Class A shares, valued at $26.34 billion, in its Form 13F for 30 June 2026. The popular version of this story says “a UAE fund” put billions into
US consumer prices (CPI) rose 0.4% in August and held at a 3.4% annual rate, matching July and coming in broadly as forecast, according to the Bureau of Labor Statistics (BLS). Core inflation, which strips out food and energy, rose 0.3% on the month and 2.4% over the year, also in line with expectations. In
The popular WDC stock prediction this month starts from the wrong premise: that Western Digital “crashed on record earnings” because the AI storage trade is finished. The tape says otherwise. On 6 August, the day after WD beat its own guidance, the stock fell 13.0% to $451.52 while Seagate, which supplies nearline hard drives to
Updated 11 September 2026, after the 8:30 a.m. ET BLS release. Spot gold is quoted at $4,385.04 an ounce, up 1.57% on the day (Trading Economics, 11 September). Verdict: August CPI landed in line at the headline and hot at the core, and the market’s response was to price a September hike as close to
Updated 10 September 2026 WTI crude trades at $95.44 a barrel on 10 September 2026, down 0.64% (-$0.61) on the day, per Trading Economics. Brent is at $100.41, down 0.79%, putting the Brent-WTI spread near $5. Verdict: WTI is trading above every major published forecast, not below one. The EIA’s 9 September outlook implies WTI
Almost every summary of X-Energy you will read says the company reached the public market through the Ares Acquisition Corporation II blank-cheque vehicle. It did not. The SEC file for CIK 0002088896 contains no SPAC merger at all: a draft registration statement in November 2025, an S-1 in March 2026, four amendments, an effectiveness order
The consensus reading of Marvell Technology is that the stock is cheap because the Google money has not arrived yet. That is only half right, and the half it gets wrong is the expensive half. Marvell closed at $235.01 on 9 September 2026, up 4.26% on the day and up roughly 252% over twelve months,
Applied Materials did not fall 35 percent from its June high because its business got worse. It fell because the market worked out how much of this year’s profit growth was not profit growth. AMAT closed at $468.85 on 9 September 2026, down 0.83 percent on the day and 35.2 percent below the $723.00 closing
Meta is approaching its next earnings report with the financial cost of its May layoffs already visible and a new controversy over how far management considered taking its AI-led workforce overhaul. Meta’s second-quarter results recorded $1.18 billion of severance expenses connected with a reduction affecting approximately 8,000 employees, while Reuters has since reported that a
Updated 9 September 2026. Strategy (NASDAQ: MSTR) closed at $136.52 on 8 September, down 4.40% from a $142.80 previous close, on volume of 19.9 million shares (StockAnalysis). The stock has ranged between $81.81 and $365.21 over the past 52 weeks. Verdict: MSTR is no longer trading as a software company and only loosely as a