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A targeted internet outage in Richmond, British Columbia, has renewed scrutiny of network stability at Rogers Communications. Internet Lightspeed reported that users in the…
| Company | Close | Move | Read-through |
|---|---|---|---|
| Rogers (RCI.B) | C$50.14 | -0.61% | No clear outage signal |
| BCE | C$32.77 | +0.18% | Nearly flat |
| Telus | C$13.81 | -0.14% | Nearly flat |
| Quebecor | C$61.83 | -3.47% | Sector dispersion was wide |
BILL Holdings, Inc. repurchased approximately 8.4 million shares in the previous quarter at an implied average price of $35.71. The stock finished at $47.40…
NYSE:BILL · Fiscal Q4 2026 scorecard
Regular close · August 20, 2026, 16:00:09 EDT
After hours: $47.60 · +0.42% · USD
BILL spent about $300M on 8.4M shares. The implied average cost was 24.7% below Thursday's close.
Growth moderates, while adjusted operating income is guided to expand much faster.
The buyback establishes a useful valuation marker. The rerating depends on BILL stabilizing customer counts while converting 11%–14% core growth into more than 30% adjusted profit growth.
Rewards will be netted from revenue next quarter. That presentation change, weaker SMB activity, credit losses or lower interchange economics could blur the margin story.
The premature conclusion of U.S. summer-gasoline regulations puts about $22 billion in valuation premium at risk for three leading refiners. Shares of Valero Energy…
Higher-volatility E10 can enter early, but elevated crude and uneven state waivers decide how much reaches drivers.
| Refiner | Aug. 20 close | Move | P/E | Target gap | Value premium |
|---|---|---|---|---|---|
| Valero | $341.51 | -1.37% | 14.17 | -6.10% | $6.0B |
| Marathon | $358.23 | -0.70% | 12.54 | -8.98% | $9.0B |
| Phillips 66 | $240.00 | -0.95% | 13.71 | -6.82% | $6.5B |
Prices: August 20, 2026, 16:00 EDT closes; dashboard assembled August 21, 2026, 07:21 EDT. Pump data: Reuters citing AAA. Policy: Reuters and EPA. Stock data and analyst consensus: Google Finance. Market-value premiums are estimates.
Shares of Hyperliquid Strategies Inc. jumped 30.42% on Wednesday following comments from President Donald Trump outlining a regulatory option for the company. The surge…
| Firm | Rating | Target | Upside vs $9.39 |
|---|---|---|---|
| Cantor Fitzgerald | Overweight | $18.40 | 96.0% |
| Chardan | Buy | $9.75 | 3.8% |
| Maxim Group | Buy | $10.00 | 6.5% |
| Three-analyst mean | Strong Buy | $13.05 | 39.0% |
TORONTO, August 21, 2026, 07:08 EDT — Corus Entertainment Inc. eliminated more positions in its Global News and radio operations but did not reveal…
Snapshot captured August 21, 2026, 07:08 EDT / 13:08 CEST. TSX cash market: pre-open. Last trade: August 20, 2026, 14:45:07 EDT.
Plan targets more than C$500m of liability reduction and up to C$40m in annual interest savings.
| Known | Still missing |
|---|---|
| Global BC, Global National, News 640 and talk radio affected | Headcount |
| Company calls changes “small” and market-selective | Annual savings |
| Fresh action follows earlier rounds | Restructuring charges and timing |
| Source | Rating | Target |
|---|---|---|
| TD Cowen | Sell | C$0.01 |
| RBC | Hold | C$0.15 |
| 3-analyst aggregate | Sell | C$0.01 avg. |
Up to C$40m of annual interest savings is roughly C$10m per quarter—only about 21% of the latest C$48.4m quarterly revenue gap. Layoffs need a disclosed savings figure before they can materially change the operating model.
DALLAS, August 21, 2026, 06:08 CDT — Morgan Stanley has reportedly selected Dallas for a large regional hub that could accommodate up to 4,800…
MS lagged this peer set, but one session does not isolate a Dallas effect.
Year-over-year. Net revenue reached $21.35B and EPS reached $3.46.
Treat Dallas as a multi-year location and talent decision. The bank’s record quarter, capital return and 16.7% analyst-implied upside matter sooner. The key risk is confirmation: municipal records support the framework, but Morgan Stanley had not publicly announced the final site choice.
Wolfspeed, Inc. shed roughly $142 million in market value on Thursday. Shares dropped 9.42% to $26.35 following fiscal fourth-quarter results. Shares rebounded 2.09% to…
Data-center demand is rising. Revenue scale and cash conversion remain the binding constraints.
Adjusted burn removes the $41m inventory benefit. It is a preliminary estimate, not company guidance, and excludes debt repayment and future capital needs.
The average offers 4.4% upside from Thursday's close. Susquehanna set $30; TD Cowen set $25 on August 20.
Coinbase Global Inc. and CME Group Inc. gained approximately $4.6 billion in combined market capitalization on Thursday. The rally followed intensifying compliance scrutiny targeting…
A fresh UAE inquiry, MiCA limits and an August 23 sanctions cutoff sharpen the case for regulated crypto-market infrastructure.
Estimated from closing market capitalisation and the August 20 daily move. Correlation does not prove regulatory substitution.
Compliance pressure can redirect marginal flows toward venues with public reporting or established derivatives oversight.
| Company | Price | Market cap | Beta | Latest net margin | Read-through |
|---|---|---|---|---|---|
| Coinbase (COIN) | $172.35 | $45.47B | 3.36 | -31.14% | Highest direct trading beta |
| CME Group (CME) | $270.87 | $97.40B | 0.21 | 61.20% | Regulated derivatives durability |
| Robinhood (HOOD) | $95.10 | $85.50B | 2.35 | — | Retail mix; weaker Thursday signal |
Market data: Google Finance, August 20 close; COIN premarket at August 21, 06:22 EDT. Regulatory sources: Reuters, ESMA and Binance statements reported by The Block. Estimated market-value changes may differ from exchange-calculated figures.
WARSAW, August 21, 2026, 12:16 CEST — BitMine Immersion Technologies saw the value of its Ether reserves rise by about $2.21 billion after ether…
NEW YORK, August 21, 2026, 06:08 EDT — The most recent jump in silver prices has pushed Pan American Silver Corp.’s indicative price-cost spread…
Pan American Silver Corp. · Market snapshot captured August 21, 2026, 06:08 EDT / 12:08 CEST
Spot silver
$68.92
+2.6% Friday · per ounce
PAAS regular close
$51.56
+2.5% on Aug. 20 at 16:00 EDT
After-hours
$50.85
-1.38% at Aug. 20, 20:00 EDT
Indicative spread
$51.12
Spot less Q2 Silver Segment AISC
AISC is a non-GAAP measure, net of by-product credits. It excludes several corporate and financing items.
+8.7% from Aug. 14 through Aug. 20. Closing prices in USD; latest point is Aug. 20, 16:00 EDT.
| Firm | View | Target |
|---|---|---|
| CIBC | Buy | C$130.44 |
| BMO Capital | Hold | C$75.00 |
| BofA Securities | Buy | C$95.75 |
| RBC Capital | Buy | C$90.20 |
| Scotiabank | Buy | C$95.00 |
| 9-analyst consensus | Buy | C$92.00 |
Targets apply to TSX:PAAS. Latest listed updates run through August 13, 2026.
Record date: August 24, 2026. Expected payment: September 4, 2026.
Micron Technology announced a $10 billion investment in research as the company's shares continue to offer what appears to be a modest valuation based…
| Metric | FQ3'26 | FQ4 guide |
|---|---|---|
| Revenue | $41.46B | $50B ± $1B |
| GAAP gross margin | 84.6% | ~86% |
| GAAP EPS | $24.67 | $30.73 ± $1 |
| Net capex | $7.1B | — |
| Firm | Rating | Target |
|---|---|---|
| BMO · Aug. 20 | Buy | $1,300 |
| UBS · Aug. 18 | Buy | $1,625 |
| BofA · Aug. 17 | Buy | $1,550 |
| Mizuho · Aug. 10 | Buy | $1,375 |
| Citi · Aug. 10 | Buy | $1,150 |
Tempus AI, Inc. saw its market capitalisation increase by roughly $3.03 billion since the close on Tuesday. Shares climbed 24.1% on Wednesday, followed by…
Tempus's two-session rally prices a broader cancer-monitoring opportunity, not merely the pending Personalis acquisition.
Fidelity Investments’ private digital-assets division has questioned a widely held crypto thesis. In a recent warning, it stated that autonomous AI agents could drive…
Fidelity’s six-risk framework says AI agents may lift crypto activity without lifting every token. The investable question is where fees, trust and compliance margins land.
Aug. 20, 20:00:02 EDT
Thursday close
Retrieved 05:23 EDT
Market value: $21.24B
One-day moves, August 20. Crypto beta won the session.
Agents optimize for speed, price and compliance. That can route activity toward stablecoin issuers, custodians or closed fintech systems.
Volume ≠ token value Trust becomes a moat Security costs rise| Analyst / firm | View | Target | Date |
|---|---|---|---|
| Gautam Chhugani · Bernstein | Buy | $140 | Aug. 6 |
| Jeff Cantwell · Seaport | Buy | $100 | Aug. 17 |
| Bryan Bergin · TD Cowen | Buy | $87 | Aug. 12 |
| Brian Bedell · Deutsche Bank | Hold | $58 | Aug. 6 |
| James Faucette · Morgan Stanley | Sell | $37 | Aug. 6 |
| Rail choice Public chain or permissioned system? |
| Fee owner Token holders, issuer or custodian? |
| FIDD adoption Fidelity’s own stablecoin launched Feb. 4. |
| Rate sensitivity Reserve income remains central to stablecoin economics. |
The rally priced asset beta. Fidelity’s warning asks who owns the margin.
Fidelity Investments is privately held. Listed reference exposures: Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), Fidelity Ethereum Fund (BATS:FETH), Circle Internet Group (NYSE:CRCL), Coinbase Global (NASDAQ:COIN) and iShares Bitcoin Trust ETF (NASDAQ:IBIT).
Webull Corporation reported an incremental adjusted operating margin of 58% for its second quarter. The company saw revenue climb by $67.3 million year-on-year, while…
Engagement grew much faster than account count. The new intraday-margin regime amplified active-trader usage.
Annualized ratios are illustrative, not company guidance. Rosenblatt’s $15 target was raised after the report.
The Dow Jones Industrial Average dropped by 703.84 points on Thursday. However, its two most high-profile decliners were responsible for just a sixth of…
| Gauge | Reading | Signal |
|---|---|---|
| 30-year yield | 5.254% | Restrictive |
| Dow futures | +0.2% | Partial bounce |
| NYSE/Nasdaq breadth | ~2:1 down | Broad risk-off |
| Volume vs 20-day avg. | −42% | Low conviction |
| Index | Thursday | Week | 2026 |
|---|---|---|---|
| Dow Jones | −1.3% | −1.8% | +9.8% |
| S&P 500 | −0.9% | −1.9% | +11.6% |
| Nasdaq | −1.0% | −2.5% | +12.2% |
| Russell 2000 | −1.3% | −2.5% | +20.6% |
The Philippine gold-price signal flipped sharply on Friday. A brief global dip gave way to a near three-month high, widening the metal-price cushion for…
| Gold scenario | Below $1,100 AISC | Below $975 AISC |
|---|---|---|
| $4,200/oz | $3,100 | $3,225 |
| $4,562.86 current | $3,462.86 | $3,587.86 |
| $5,000/oz | $3,900 | $4,025 |
