Finance
Oura Files S-1 for Nasdaq Listing, Reporting $1.21 Billion in Revenue for the Nine Months Ended June 30, 2026
The Finland-founded smart-ring maker plans to trade as OURA and disclosed 5.0 million paid members, a $985.0 million deemed dividend to preferred holders, and the U.S. Department of Defense as its largest enterprise customer.
NHTSA Opens Audit Into Tesla's Cybercab Safety Certification a Day After Austin Launch; Tesla Shares Fall 6%
Tesla began paid Cybercab rides in Austin on Sept. 3 without disclosing fleet targets or pricing; federal regulators opened Audit Query AQ26002 covering about 1,000 vehicles the next day.
BLS Releases August Employment Report Friday as Fed Officials Debate a Rate Increase at the Sept. 15-16 Meeting
Forecasters going into the 8:30 a.m. release expected roughly 53,000 to 58,000 new jobs and an unemployment rate near 4.1%, while Fed Chair Kevin Warsh has pointed to inflation as the bigger worry.
Broadcom Reports $29.6 Billion in Quarterly Revenue, Up 86%; Shares Close Down 3.4% After $34.8 Billion Guidance
The chipmaker beat analyst estimates for the quarter ended Aug. 2 and said AI chip sales rose 221% to $16.7 billion, while its fourth-quarter revenue forecast came in roughly $200 million below the Wall Street consensus.
Fed Governor Waller Says He Could Back Holding Rates Steady If the Sept. 11 Inflation Report Shows Cooling
Waller's Sept. 3 remarks set a data condition for the Sept. 15-16 policy meeting and read as less hawkish than Chair Kevin Warsh's Aug. 28 Jackson Hole speech; futures pricing for a rate increase fell toward a coin flip.
ADP Reports 38,000 Private-Sector Jobs Added in August; Weekly Jobless Claims at 206,000
Two labor readings landed days before the Federal Reserve's Sept. 16-17 meeting, where Chair Kevin Warsh's hawkish inflation stance has collided with pressure from the Trump administration and rate-cut-leaning forecasters.
Dell Reports $47.0 Billion in Quarterly Revenue and a $95 Billion AI-Server Backlog, Raises Full-Year Outlook to $192 Billion
Dell Technologies said fiscal second-quarter revenue rose 58% and beat analyst estimates, while analysts continue to debate whether the AI-server orders can be built and shipped profitably.
Eli Lilly to Buy Merida Biosciences for Up to $2.875 Billion in Cash
The Cambridge, Massachusetts biotech's lead drug, MER511, is in Phase 1 testing for Graves' disease and thyroid eye disease; Lilly says the deal should close in the fourth quarter of 2026.
Palo Alto Networks Reports $3.41 Billion in Fiscal Q4 Revenue, Above Analyst Estimates, and Says It Has Acquired AI Agent Startup Console
The company beat Wall Street's adjusted revenue and profit estimates for the quarter ended July 31, posted a $282 million GAAP net loss, and disclosed a deal for agentic AI platform Console on undisclosed terms.
Boeing and Engineers' Union SPEEA Resumed Contract Talks Aug. 31 After Members Rejected Offer; Contracts Expire Oct. 6
SPEEA's roughly 17,000 Boeing engineers and technical workers voted down a four-year offer their own negotiators had recommended, and authorized a strike that could not legally begin before Oct. 7.
China's Official Manufacturing PMI Rises to 49.8 in August, a Second Month Below 50
The National Bureau of Statistics reported a 0.6-point increase from July that still left the index under the 50 line, while a separate private survey of smaller exporters showed expansion at 51.5.
SLB Agrees to Buy German Cooling Maker Kelvion for $3.4 Billion in Cash Plus $0.7 Billion in Debt
The Houston-based oilfield-services company said on August 31 it will buy Kelvion from Apollo-managed funds and Triton-advised funds, in a deal it values at about 11 times Kelvion's estimated 2026 earnings before interest, taxes, depreciation and amortization.