Finance
Gold Rose About 10% in August Through Aug. 28, Then Fell 3.2% After Fed Chair Warsh's Jackson Hole Speech
Gold closed Friday, Aug. 28 near $4,454 an ounce — its strongest month since January — after a one-day drop that followed hawkish remarks from Federal Reserve Chair Kevin Warsh, and it remains more than $1,100 below the record set Jan. 28.
McKesson Signs Agreement to Buy Precision Medicine Group for About $2.25 Billion
The drug distributor said on August 25, 2026 that it will fold the Maryland-based clinical-research and drug-commercialization firm into its Oncology & Multispecialty segment, pending regulatory clearance.
Ulta Beauty Reports 8.9% Second-Quarter Sales Growth and Raises Full-Year Outlook
The beauty retailer said quarterly net sales reached $3.04 billion for the period ended August 1 and lifted its fiscal 2026 sales and profit forecasts; the stock fell after hours as gross margin slipped and second-half guidance implied slower growth.
Consumer Confidence Index Reads 89.4 in August; New-Home Sales Ran at a 607,000 Annual Rate in July
The Conference Board's index slipped 0.8 points to its lowest level since January, while the Census Bureau put July new-home sales 10.5% below June — a change the agency flagged with a margin of error wide enough to include no change at all.
Vanguard Agrees to Buy Advisor Custody Platform Altruist; Terms Undisclosed, Reported at $4 Billion to $4.6 Billion
Vanguard said on August 26 that it will acquire Altruist, a technology and custody platform used by about 6,000 independent financial advisors, with closing expected later this year subject to regulatory approval.
Gap Inc. Posts 2% Sales Drop and a $417 Million Tariff-Refund Gain, Raises Profit Outlook; Shares Rise About 14%
The company beat adjusted profit estimates, missed on revenue, named a new Old Navy CEO, and booked a large one-time benefit from tariff refunds ordered after the Supreme Court struck down the IEEPA tariffs.
Marvell Shares Close Down 10.3% After Fiscal Q2 Beat and Raised Fiscal 2028 Revenue Outlook
Marvell reported record quarterly revenue of $2.739 billion and lifted its fiscal 2028 forecast to about $18 billion, but investors focused on gross-margin guidance and on when the Google chip agreement starts adding meaningful revenue.
BLS Preliminary Estimate Cuts U.S. Payroll Growth Through March 2026 by 79,000, or 0.1%
The Bureau of Labor Statistics said Friday that its yearly check against tax records points to 79,000 fewer nonfarm jobs and 178,000 fewer private jobs as of March 2026 than its monthly surveys had shown.
Victory Capital Agrees to Buy First Eagle Investments for About $7 Billion
The August 26 agreement pairs roughly $4.4 billion in cash with about $2 billion in new Victory stock, and the companies say the combined firm would manage about $571 billion.
Nvidia Agrees to Buy AI Model Hub Hugging Face for $12.9 Billion, The Information Reports
Neither company has confirmed the deal, which several outlets matched on Aug. 27, 2026, and which would be Nvidia's largest acquisition to date.
U.S. Weighs About 7.5% "Overcapacity" Tariff on Chinese Goods Before Sept. 24 Trump-Xi Meeting
Bloomberg reported the Trump administration may publish results of a Section 301 excess-capacity investigation and add roughly 7.5% in duties, a level officials believe stays inside the 20% ceiling set by the U.S.-China trade truce.
CrowdStrike Reports $1.47 Billion in Quarterly Revenue and Raises Full-Year Outlook; Shares Rise About 11% After Hours
The cybersecurity company said revenue for the quarter ended July 31, 2026 rose 26% and that it added a record $332.8 million in new annual recurring revenue, while analysts remain split over whether the growth justifies the stock's price.