• Market recap: All 3 main indices gained around 0.5% yesterday, ending a 3-day run of losses. Nvidia (NVDA) in particular gained 3.2%. Source: CNBC.
• MapQuest tops App Store: MapQuest became the No. 1 free iPhone app in the U.S. after refusing to rename Lake Ontario, with downloads surging more than 6,000%. Parent company System1 (SST) gained 6%. Source: CNN.
• Uber updates: Uber (UBER) is slashing 10% of its staff — around 3K jobs — to reduce management layers and refocus on core operations. Meanwhile, Uber and Wayve are beginning passenger robotaxi trials in London, and Delivery Hero’s (ETR:DHER) board recommended that shareholders accept Uber's $14.8B takeover offer. Uber rose 1.5% premarket. Sources: BBC / NY Times / WSJ.
• Boeing's Spirit deal weighs on results: Boeing (BA) has uncovered hundreds of millions of dollars in added liabilities tied to its $8.4B Spirit AeroSystems acquisition. The company also doled out $3.1M in safety fines to the FAA, with shares up 1.6%. Sources: WSJ / Reuters.
• Southwest enters lounge race: Southwest (LUV) plans to open airport lounges starting next year and launch a premium credit card with JPMorgan (JPM), expanding its push into higher-margin travel. LUV climbed 2.5%. Source: WSJ.
• Ford hits record truck production: Ford (F) lifted Super Duty output to a 20-year high and F-150 production to a 2-year high as supply recovers. Shares rose 2%. Source: CNBC.
• Nscale touts $103B backlog: AI infrastructure firm Nscale is telling prospective IPO investors it has about $103B of contracted revenue, equal to roughly $18B annualized over 5.7 years. Sources: The Information / Reuters.
• Elliott challenges Deutsche Telekom deal: Elliott has accumulated a significant Deutsche Telekom (ETR:DTE) stake and is opposing a full combination with T-Mobile (TMUS), instead pushing measures like larger buybacks to unlock value. T-Mobile gained 3%. Source: Bloomberg.

• Snowflake: Snowflake (SNOW) popped 24% premarket after raising FY 2027 product revenue guidance to $6.07B. AI offerings drove stronger growth, with revenue and EPS both beating by wide margins. Source: Reuters.
• Broadcom: Broadcom (AVGO) more than tripled Q3 profit to $13.09B and nearly doubled revenue to $29.59B as custom AI chip demand accelerated. AI semiconductor revenue is expected to reach $21.7B in Q4, though shares sank 3% premarket. Source: WSJ.
• Victoria's Secret: Victoria's Secret (VSXY) raised its full-year sales guidance to $7.1–7.18B after Q2 profit beat estimates and comparable sales rose 9%. All the same, shares tanked 17% premarket. Source: WSJ.
• Hewlett Packard Enterprise: HPE (HPE) raised FY 2026 revenue growth guidance to 34–37% and adjusted EPS to $3.75–$3.85 after Q3 profit grew more than 5x. All the same, shares fell 4% premarket. Source: WSJ.

• Google prevails in major court case: Google (GOOGL) avoided a court-ordered breakup of its ad tech business, though it must adopt changes to address monopoly concerns. Still, shares have fallen for the past 4 months — the longest monthly streak of losses since 2015. Sources: NY Times / CNBC.
• DOJ backs OpenAI: The Justice Department lent its support to OpenAI in a copyright dispute with the New York Times (NYT), arguing that AI training is vital to national security. Source: NY Times.
• U.K. vs. Apple: British regulators have sued Apple (AAPL) for $2.7B, claiming that its app-tracking rules unfairly favor Apple’s own ads ecosystem over third-party developers. Source: Reuters.
• Musicians sue Suno over AI imitation: 4 musicians sued AI music startup Suno, alleging it unlawfully imitated their voices and styles. The class-action bid is based on publicity and privacy rights rather than copyright. Source: NY Times.

• Factory orders beat: U.S. factory orders rose 0.9% in July, topping the 0.6% forecast, as civilian aircraft demand jumped 12.7%. Core capital goods orders were flat, but AI-related investments continue. Source: Reuters.
• Job cuts hit 4-year low: U.S. employers announced 530K job cuts YTD, the lowest total since 2022, while hiring plans reached a 3-year high. The data suggests a low-hire, low-fire labor market. Source: Bloomberg.
• Jobless claims: Seasonally adjusted initial jobless claims totaled 206,000 for the week ending Aug. 29, up 2,000 WoW. The 4-week moving average was 207,250, up 1,500 WoW. Source: Dept. of Labor.
• Indian growth soars: India’s economy grew 7.8% in Q1 as exports and investment strengthened, prompting forecast upgrades. Still, concerns over GDP methodology, weak job creation, and rising inflation may cloud the outlook. Source: BBC.
• NZ raises rates: New Zealand's central bank lifted the country's interest rates 25 basis points to 2.75%. Source: WSJ.

• Rome sets longevity record: The right-wing government of Italy, led by PM Giorgia Meloni, became the country's longest-serving administration since WWII. The milestone may support political stability and investor confidence. Source: AP.
• Netherlands shifts gold to U.K.: The Dutch central bank moved 86 tonnes of gold from the U.S. and Canada to London, citing geopolitical unrest and crisis preparedness. Source: BBC.
• Drone tariffs take effect: President Trump's 100% duties on Chinese drones, which were announced last month, go into effect today. Source: NY Times.
• Congress approves government funding: The House passed a bipartisan bill to fund the government partway through December, averting a government shutdown. Source: ABC.

• 8:30 AM: Balance of Trade
• 8:30 AM: Exports & Imports
• 8:30 AM: Initial Jobless Claims
• 10:00 AM: ISM Services PMI
• Friday: Non-Farm Payrolls, Unemployment Rate

Broadcom (AVGO) has released its quarterly earnings.

• Revenue of $29.59B (+85.50% YoY) beats by $149.39M.
• EPS of $3.32 (+96.45% YoY) beats by $0.16.
• Financials · As Reported · Metrics · Press Release

Snowflake (SNOW) has released its quarterly earnings.

• Revenue of $1.55B (+35.23% YoY) beats by $68.13M.
• EPS of $0.62 (+77.14% YoY) beats by $0.36.
• Financials · As Reported · Metrics · Press Release

Hewlett Packard Enterprise (HPE) has released its quarterly earnings.

• Revenue of $12.21B (+33.68% YoY) beats by $236.30M.
• EPS of $1.11 (+152.27% YoY) beats by $0.20.
• Financials · As Reported · Metrics · Press Release

Ciena (CIEN) has released its quarterly earnings.

• Revenue of $1.67B (+37.04% YoY) beats by $32.13M.
• EPS of $2.11 (+214.93% YoY) beats by $0.44.
• Financials · As Reported · Metrics · Press Release

NetApp (NTAP) has released its quarterly earnings.

• Revenue of $2.03B (+29.89% YoY) beats by $187.63M.
• EPS of $2.58 (+66.45% YoY) beats by $0.54.
• Financials · As Reported · Metrics · Press Release

Zscaler (ZS) will report today after close.

• Analysts estimate revenue of $877.51M (+22.01% YoY).
• EPS is estimated to be $0.88 (-1.12% YoY).
• Financials · As Reported · Metrics

Samsara (IOT) will report today after close.

• Analysts estimate revenue of $483.30M (+23.45% YoY).
• EPS is estimated to be $0.13 (+8.33% YoY).
• Financials · As Reported · Metrics

Guidewire Software (GWRE) will report today after close.

• Analysts estimate revenue of $402.70M (+12.94% YoY).
• EPS is estimated to be $0.85 (+1.19% YoY).
• Financials · As Reported · Metrics

lululemon athletica inc. (LULU) will report today after close.

• Analysts estimate revenue of $2.57B (+1.95% YoY).
• EPS is estimated to be $2.51 (-19.03% YoY).
• Financials · As Reported · Metrics

DocuSign (DOCU) will report today after close.

• Analysts estimate revenue of $867.33M (+8.33% YoY).
• EPS is estimated to be $0.96 (+4.35% YoY).
• Financials · As Reported · Metrics

UiPath (PATH) will report today after close.

• Analysts estimate revenue of $397.79M (+9.89% YoY).
• EPS is estimated to be $0.13 (-13.33% YoY).
• Financials · As Reported · Metrics

Planet Labs PBC (PL) will report today after close.

• Analysts estimate revenue of $104.35M (+42.19% YoY).
• EPS is estimated to be -$0.05.
• Financials · As Reported · Metrics

Casey's General Stores (CASY) will report Tuesday.

• Analysts estimate revenue of $5.58B (+22.17% YoY).
• EPS is estimated to be $6.76 (+17.16% YoY).
• Financials · As Reported · Metrics

Sunbelt Rentals Holdings (SUNB) will report Wednesday.

• Analysts estimate revenue of $2.98B.
• EPS is estimated to be $1.02.
• Financials · As Reported · Metrics

• There are no remaining IPOs expected this week. To see all upcoming IPOs, check out our IPO calendar.