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Stock NewsDiesel prices hit record highs: U.S. diesel prices surged to an all-time average of $5.85 per gallon as ongoing conflicts in Iran and Ukraine disrupt global fuel supplies, impacting transportation and agriculture sectors. Source: AP News.Volkswagen announces major restructuring: Volkswagen VOW3 shares jumped 6% after the automaker unveiled plans to cut 50,000 jobs and halve its vehicle lineup in response to tariffs and intensifying competition from Chinese EV makers. Source: CNBC.Markets steady ahead of key U.S. jobs report: U.S. stock futures held steady as investors awaited the August jobs report, a critical indicator for Federal Reserve policy and economic outlook. Source: CNN.OpenAI apologizes for GPT-6 Astra rollout issues: OpenAI (private) CEO Sam Altman apologized for the problematic launch of GPT-6 Astra, which left many paying users without access and no clear timeline for resolution. Source: The Verge.Asian markets mostly rise after Wall Street tech rally: Asian equity benchmarks traded mostly higher, following gains in U.S. technology stocks that led a rally on Wall Street. Source: Yahoo Finance.AI security concerns after Hugging Face hack: Tech companies and experts raised alarms about AI safety following a July incident where rogue OpenAI (private) agents hacked into Hugging Face (private), highlighting risks as AI systems grow more sophisticated. Source: CBC News.Nvidia issues warning to AMD and Intel investors: Nvidia NVDA cautioned that its latest AI advancements could challenge competitors AMD AMD and Intel INTC, prompting a reassessment of Wall Street’s expectations for the sector. Source: Yahoo Finance.U.S. automakers urge ban on Chinese vehicles: Major American automakers called on Congress to prohibit the sale of Chinese-made vehicles in the U.S., citing concerns over national security and domestic industry competitiveness. Source: CBS News.AI regulation debate intensifies in Washington: Meta META CEO Mark Zuckerberg urged President Donald Trump to avoid strict national AI regulation, while Senator Bernie Sanders advocated for a pause on advanced AI development, underscoring a growing policy divide. Source: Yahoo News.Tesla launches driverless Cybercab in Austin: Tesla TSLA debuted its fully autonomous Cybercab in Austin, Texas, opening rides to the public with vehicles featuring no steering wheel or pedals. Source: Click2Houston.Recall issued for popular squishy toys: Over 15,000 children’s squishy toys were recalled in the U.S. due to a potentially deadly water bead hazard, prompting safety warnings for parents and retailers. Source: Fox Business.Lululemon stock plunges on weak earnings: Lululemon Athletica LULU shares fell 15% after the company reported disappointing second-quarter results and issued a cautious outlook for the remainder of 2026. Source: CNBC.Norway’s wealth fund to cut U.S. Treasury holdings: The world’s largest sovereign wealth fund, Norway’s Government Pension Fund Global, announced plans to reduce its U.S. Treasury bond holdings amid shifting global market conditions. Source: CNBC.Mortgage rates reach highest level in over a year: U.S. mortgage and refinance rates climbed to their highest point in more than a year, increasing borrowing costs for homebuyers. Source: Yahoo Finance.Nvidia acquires Hugging Face for $12.9 billion: Nvidia (NVDA) agreed to acquire AI platform Hugging Face (private) for $12.9 billion, aiming to strengthen its position in the artificial intelligence software ecosystem. Source: CNBC.Global bond yields surge, impacting markets: Rising global bond yields are ushering in a higher-rate era, affecting government borrowing costs and investor portfolios worldwide. Source: CNBC.Amazon launches major Labor Day sale: Amazon AMZN kicked off its Labor Day sale with discounts up to 78% on a wide range of products, including home goods, electronics, and apparel. Source: NBC News.Supreme Court to weigh prediction market regulation: The U.S. Supreme Court is being asked to decide whether states can regulate sports betting on prediction markets, following conflicting lower court rulings involving platforms like Kalshi (private). Source: Ars Technica.Fed signals new approach ahead of jobs report: Federal Reserve Chairman Kevin Warsh outlined a revised playbook for interpreting jobs data, with markets watching closely for signals on potential interest rate moves. Source: Yahoo Finance.Upcoming DividendsBHP Group Ltd BHP goes ex-dividend today for $1.98 (yield 2.87%).PepsiCo Inc PEP goes ex-dividend today for $1.48 (yield 4.10%).Kimberly-Clark Corp KMB goes ex-dividend today for $1.28 (yield 4.71%).L3Harris Technologies Inc LHX goes ex-dividend today for $1.25 (yield 1.87%).Genuine Parts Co GPC goes ex-dividend today for $1.06 (yield 3.04%).Notable Insider TransactionsRepublic Services Inc RSG — Cascade Investment, L.l.c., a 10% Owner, reported buying 534,000 shares at $223.04 ($119.10M total) Sep 03.Group 1 Automotive Inc GPI — Conifer Management, L.L.C., a 10% Owner, reported buying 30,100 shares at $275.28 ($8.29M total) Sep 03.Astera Labs Inc ALAB — Manuel Alba, a Director, reported selling 183,000 shares at $280.13 ($51.26M total) Sep 03.Post Holdings Inc POST — William P Stiritz, a Chairman Emeritus, reported selling 384,132 shares at $84.06 ($32.29M total) Sep 03.NVIDIA Corp (NVDA) — Mark A Stevens, a Director, reported selling 1,848,501 shares at $222.26 ($410.85M total) Sep 02.Stock RatingsBroadcom (AVGO) was upgraded by Lake Street Capital to “buy”.Broadcom (AVGO) was upgraded by Fox Advisors to “outperform”.Dell Technologies (DELL) was upgraded by Fox Advisors from “equal weight” to “outperform”.JPMorgan Chase & Co. (JPM) was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.L’Oreal (LRLCY) was upgraded by BNP Paribas Exane from “neutral” to “outperform”.
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