• Market recap: All 3 main indices declined yesterday for the 4th day in a row, with Micron (MU) down 5% and Intel (INTC) down 6%. Apple (AAPL) rose 3.6%. Source: CNBC.
• Oracle gains on earnings: Oracle (ORCL) rose 6% premarket after AI cloud contracts pushed its backlog to $664B, above estimates. The beat eased concerns that heavy, debt-funded data-center spending is running ahead of demand. Source: Reuters.
• Adobe raises outlook on AI growth: Adobe (ADBE) raised full-year guidance after Q3 revenue rose 13% to $6.76B and monthly active users hit 1B. Still, shares fell 4% premarket as investors weighed slower near-term recurring-revenue growth. Source: WSJ.
• Copart's big buyout: Copart (CPRT) plans to purchase ACV Auctions (ACVA) for $1.9B in cash, its largest buyout ever. Copart gained 6.5% premarket on the news, with ACV rocketing 43%. Source: Bloomberg.
• Florida sues Netflix: Florida filed a lawsuit against Netflix (NFLX), alleging that the streaming giant's ad-supported tier deceptively collects minors’ data and uses addictive features like autoplay. Shares are down 8% WoW. Source: Politico.
• Ford invests $1B in KY: Ford (F) is investing $1B in a new paint shop in Kentucky, reinforcing U.S. manufacturing after federal criticism of its Chinese ties. Shares gained 3%. Source: CNBC.
• Tenon Medical clears debt overhang: Medical device firm Tenon (TNON) repaid $5.16M of convertible notes early, removing dilution risk as Q2 revenue rose 127% and gross margin reached 64%. Nasdaq compliance was restored, with shares up 117%. Source: TimothySykes.com.
• Kroger cuts sales outlook: Kroger (KR) cut its full-year same-store sales growth forecast to 0.2–0.8% as macro pressures and a weaker H1 weigh on demand. Shares fell 2.4% premarket. Source: WSJ.
• AI safety latest: Anthropic claims to have disrupted 5 cases where users tried to use Claude for biological weapons development. Meanwhile, OpenAI may slow cutting-edge AI development and coordinate with rival labs as safety concerns intensify. Sources: BBC / Bloomberg.
• Fluidstack may score $5B loan: The Pentagon is in talks to lend about $5B to AI infrastructure startup Fluidstack — potentially its largest strategic-capital loan — as the feds look to strengthen domestic data-center supply chains. Source: WSJ.

• Inflation matches forecasts: U.S. prices rose 3.4% YoY in August, matching Wall Street expectations and unchanged from July. Elevated fuel prices and AI-related chip shortages kept price pressures firm, and so-called "supercore" inflation stood at 3% YoY. Sources: WSJ / NY Times.
• Mortgage rates top 7%, home sales fall: The U.S. 30-year fixed mortgage rate rose to 7.07%, the highest in 15 months, as inflation fears and higher Treasury yields lifted borrowing costs. Existing-home sales fell 2% in August, slumping to a 1-year low. Source: WSJ.
• Diesel tops $6 as oil surges: U.S. diesel rose to $6.06 per gallon — a record high, and up 60% since the Iran war began — while oil briefly hit $110 per barrel. Oil will end the week above $100 for the first time since May. Sources: NY Times / Reuters.
• Copper hits record high: Copper prices reached a record $14,533 per metric ton amid concerns over tightening supply and U.S. tariffs. Prices are up 16% YTD. Source: WSJ.
• British economy surges: U.K. GDP grew 1.6% YoY, the fastest annual pace in 18 months, as services and AI-linked software activity strengthened. Source: Reuters.
• Turkey holds rates: Turkey’s central bank kept its key rate at 37% as Iran-war energy costs keep inflation risks elevated. Inflation is easing slowly. Source: WSJ.

• Houthis seize strategic Red Sea port: Iran-backed Houthi rebels captured Yemen’s port city of Mokha near the Bab al-Mandab Strait, strengthening their position over a key shipping route. Source: NY Times.
• Hong Kong jails vigil leaders: Amid a broad crackdown on civil liberties, a Hong Kong court sentenced 3 people who organized a Tiananmen Square vigil to 5–7 years in prison for inciting subversion. Source: NPR.
• Trump promises Obamacare rebates: The Trump admin. is planning to send $500 rebates to 1M unsubsidized ACA enrollees in 30 states, citing excess exchange fees. Source: AP.
• SCOTUS blocks Republican-friendly map: The Supreme Court blocked Missouri’s GOP-leaning congressional map, forcing the use of older districts in the November midterms. Source: Politico.

• 8:30 AM: Core Inflation Rate MoM & YoY
• 8:30 AM: Inflation Rate MoM & YoY
• 8:30 AM: CPI
• 10:00 AM: Michigan Consumer Sentiment Prelim.
• 2:00 PM: Monthly Budget Statement

Oracle (ORCL) has released its quarterly earnings.

• Revenue of $19.35B (+29.61% YoY) beats by $215.72M.
• EPS of $1.92 (+30.61% YoY) beats by $0.25.
• Financials · As Reported · Metrics · Press Release

Adobe (ADBE) has released its quarterly earnings.

• Revenue of $6.76B (+12.89% YoY) beats by $61.40M.
• EPS of $6.13 (+15.44% YoY) beats by $0.29.
• Financials · As Reported · Metrics · Press Release

The Kroger Co. (KR) has released its quarterly earnings.

• Revenue of $34.62B (+2.01% YoY) beats by $306.95M.
• EPS of $1.09 (+4.81% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

Copart (CPRT) has released its quarterly earnings.

• Revenue of $1.15B (+2.39% YoY) beats by $8.52M.
• EPS of $0.35 (-14.63% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

Macy's (M) has released its quarterly earnings.

• Revenue of $4.87B (+1.12% YoY) beats by $91.60M.
• EPS of $0.40 (-2.44% YoY) beats by $0.05.
• Financials · As Reported · Metrics · Press Release

Trip.com Group (TCOM) will report Tuesday.

• Analysts estimate revenue of $2.29B (+10.36% YoY).
• EPS is estimated to be $0.91 (-9.90% YoY).
• Financials · As Reported · Metrics

Lennar (LEN) will report Wednesday.

• Analysts estimate revenue of $8.36B (-5.08% YoY).
• EPS is estimated to be $1.30 (-35.00% YoY).
• Financials · As Reported · Metrics

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