Fed Chair Kevin Warsh at Jackson Hole: 'We have work to do' on inflation
Warsh's highly anticipated remarks at the Kansas City Fed's annual symposium Friday morning leaned hawkish, prompting traders to quickly raise bets on a September rate hike.
Stock market news — Friday, 28 August 2026
151 headlines. Of the 112 with a specific market target, 61 were positive, 36 negative and 15 neutral — overall mood leaning optimistic. Most mentioned: SPY, DJI, FED.
Mood Index61Leaning optimistic · about the index
Sentiment
61 positive15 neutral36 negative
Top stories
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.
Nvidia’s revenue forecast is so huge that Wall Street wonders if SpaceX is the reason
SpaceX plans to spend tons of money on chips and recently announced it will only buy Nvidia’s. But other high-profile companies need more processing power as well.
Corn and wheat prices jump to highest prices in more than three years
Corn and wheat futures have surged to their highest levels in more than three years. But the reasons for these recent rallies are notably different.
Analysis: Kevin Warsh sharpens inflation warning at Jackson Hole, signaling possible rate hike
After confusing markets at his July news conference, Fed Chairman Kevin Warsh used Jackson Hole to give a clearer view of the case for higher interest rates.
Marc Benioff is getting his mojo back as Salesforce's AI strength quiets skeptics
Salesforce's stock had its second-best day on record following earnings, as Wall Street shows renewed confidence in CEO Marc Benioff's AI story.
Judge says Trump administration’s blacklist of Anthropic was illegal
The Trump administration violated Anthropic’s First Amendment rights when it blacklisted the AI company earlier this year, a federal judge ruled late Thursday.
Judge blocks Pentagon blacklist of Anthropic as supply chain risk
The Defense Department had barred the U.S. military from using Anthropic's Claude in March
All headlines
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($SPX ) (SPY ) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.70%. E-mini S&P futures (ESU26 ) fell…
Sugar Prices Retreat on Long Liquidation Pressures
October NY world sugar #11 (SBV26 ) closed down -0.63 (-3.46%) on Friday, and October London ICE white sugar #5 (SWV26 ) closed down -9.90 (-1.89%). Sugar prices gave up an early advance on Friday and sold off sharply, as weakness in…
Falling ICE Inventories Boost Arabica Coffee Prices
December arabica coffee (KCZ26 ) closed up +3.20 (+1.03%) on Friday, and November ICE robusta coffee (RMX26 ) closed down -26 (-0.73%). Coffee prices settled mixed on Friday as they consolidated above Thursday’s lows. Arabica has…
Corn Pushes Gains into the Weekend as Specs Expand Length
Corn futures held onto the Friday gains into the close, with contracts settling 1 to 4 cents higher. September rallied 28 ¼ cents on the week, with December 28 cents. The CmdtyView national average Cash Corn price was back up 2 1/4…
Hogs Rally into the Weekend
Lean hog futures were 90 cents to $1.27 higher to close Friday, with October up $1.02 on the week, led by the Friday strength. USDA’s national base hog price was at $89.57 in the Friday PM report, down 19 cents from the day prior. The…
Sugar Prices Erase Early Gains as Real Strength Spurs Long Liquidation
October NY world sugar #11 (SBV26 ) is down -0.64 (-3.52%) today, and October London ICE white sugar #5 (SWV26 ) is down -13.20 (-2.52%). Sugar prices gave up an early advance today and sold off sharply, as weakness in the Brazilian…
Cotton Sees Profit Taking Pressure to Close the Week
Cotton futures faced pressure to close the week with Friday losses of 19 to 114 points across the board. December still held up for a weekly gain of 303 points. Crude oil was down 9 cents per barrel, with the US dollar index $0.533…
Wheat Extend Rally to 3-Year Highs into the Weekend
The wheat complex extended the move to 3-year highs for the winter wheats into the weekend. Chicago SRW contracts rallied 10 ½ to 24 ¼ cents across the board on Friday, with September 85 ½ cents higher on the week. KC HRW futures saw…
Cattle Face Friday Pressure to Close Week of Losses
Live cattle futures faced weakness on Friday, with contracts down 45 cents to $1.30, as October fell $6.20 on the week. Cash trade picked up later on Friday with $222 sales surfacing across the country. The Friday morning Fed Cattle…
Soybeans Rally with the Products on Friday
Soybeans posted 14 to 30 cent gains across most contracts on the Friday session. September was up 51 ¼ cents on the week, as November rallied 48 ½ cents. The cmdtyView national average Cash Bean price was up 20 1/2 cents at $12.53 3/4.…
Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold
The dollar index (DXY00 ) rallied to a 2-week high on Friday and finished up by +0.61%. The dollar jumped on Friday on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that policymakers…
Stocks Rally as Fed Chair Warsh Vows to Tackle Inflation
The S&P 500 Index ($SPX ) (SPY ) is up by +0.37% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.18%. E-mini S&P futures (ESU26 ) are up +0.40%, and September…
Anfield Energy starts blasting at historic Velvet-Wood uranium mine in Utah
The Velvet deposit produced about 4 million pounds of U₃O₈ between 1979 and 1984.
Corn Holding Higher at Midday
Corn futures are holding onto the Friday gains but the weakest of the grains, with contracts fractionally to 4 cents higher. The CmdtyView national average Cash Corn price is back up 1 1/4 cents at $4.83 1/2. Strength in the wheat, up…
Does a 2% beneficiary inherit 100% if the 98% beneficiary dies in a car accident? Asking for a friend.
“I’m curious what would happen if the account owner were to die suddenly at the same time as the 98% beneficiary.”
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a 3rd Circuit ruling from April.
Cattle Falling Back Under Pressure on Friday
Live cattle futures are down $1 to $1.20 across the front months. Cash trade has been near $220 to $345 this week. The Friday morning Fed Cattle Exchange online auction showed dressed sales of $342 on 40 head, with another set of $223…
Gold’s huge August
Neither overbought nor greedy, gold can keep running.
Cocoa Prices Surge on West African Crop Risks
December ICE NY cocoa (CCZ26 ) closed up +475 (+7.69%) on Friday, and September ICE London cocoa #7 (CAU26 ) closed up +385 (+8.77%). Cocoa prices soared for a second straight day on Friday and posted 11-month highs. Concerns about the…
Cotton Facing Friday Weakness
Cotton futures are falling back at the end of the week, with contracts down 100 to 111 points across the front months at midday. Crude oil is up 4 cents per barrel, with the US dollar index $0.533 higher. Export Sales has the 2026/27…
Microsoft’s stock seals its longest winning streak of the year as AI software fears fade
Microsoft’s software offers capabilities that will be critical for AI, one analyst notes.
Kalshi cannot block Nevada oversight of prediction markets, US appeals court rules
Mexico stocks lower at close of trade; S&P/BMV IPC down 0.53%
Hogs Holding Steady at Midday
Lean hog futures are trading with contracts holding near unchanged, with nearby gains of a nickel to losses of a tick. USDA’s national base hog price was at $89.65 in the Friday AM report. The CME Lean Hog Index was down another 28…
Kalshi takes legal blow in court ruling confirming state powers over prediction markets
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.
Colombia stocks lower at close of trade; COLCAP down 1.28%
Russia stocks higher at close of trade; MOEX Russia Index up 0.86%
BAE Systems wins $167M Navy contract modification
Pinterest finance chief Julia Donnelly to step down in October
Trump vows legal order to break up ’nasty monopoly’ in food processing
Electra Therapeutics files for IPO to fund immune disease drugs
Meta's $17 billion settlement mandates new safeguards for kids—many are promising, says safety expert
Following a major legal settlement, Instagram and Facebook users under age 18 will soon have a daily two-hour limit and won't be able to see reactions on posts.
Honda and Nissan to jointly develop vehicle sofware, Nikkei reports
Nvidia’s revenue forecast is so huge that Wall Street wonders if SpaceX is the reason
SpaceX plans to spend tons of money on chips and recently announced it will only buy Nvidia’s. But other high-profile companies need more processing power as well.
Nat-Gas Prices Fall Ahead of Opening of Texas Pipeline
October Nymex natural gas (NGV26 ) on Friday closed down -0.026 (-0.89%). Nat-gas prices settled lower on Friday ahead of Energy Transfer LP’s scheduled start date next week for its Hugh Brinson pipeline in Texas. The pipeline,…
Wheat Rallying into the Weekend
The wheat complex is trading with the three exchanges extending gains on Friday. Chicago SRW contracts are showing 22 to 23 cent gains so far on Friday. KC HRW futures are showing 25 to 26 cent gains on the day. MPLS spring wheat is in…
Trump loses bid to transfer New York hush money case to federal court
Trump's conviction in the hush money case relates to conduct that preceded the 2016 presidential election, which led to his first term in the White House.
Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices
October WTI crude oil (CLV26 ) closed down -0.13 (-0.16%) on Friday, and October RBOB gasoline (RBV26 ) closed up +0.0598 (+2.00%). Crude oil and gasoline prices settled mixed on Friday. Crude prices posted modest losses on Friday after…
Supply Fears Push Cocoa Prices to 11-Month Highs
December ICE NY cocoa (CCZ26 ) is up +444 (+7.19%) today, and September ICE London cocoa #7 (CAU26 ) is up +363 (+8.27%). Cocoa prices are rallying sharply for a second day today and posted 11-month highs. Concerns about the quality of…
S&P 500 falls Friday after Fed’s Warsh highlights inflation worries, but index posts positive week
The three major indexes posted winning weeks.
Juul Labs gets FDA nod for Juul2 device on switching data
Mark Walter's insurer Delaware Life sees two banks pause sale of its products amid probes
Walter's holding company earlier in the week said "there has been no fraud" at Delaware Life and its affiliated company, Clear Spring Life and Annuity.
Arabica Coffee Supported by a Slump in ICE Inventories
December arabica coffee (KCZ26 ) is up +5.60 (+1.81%) today, and November ICE robusta coffee (RMX26 ) is down -20 (-0.56%). Coffee prices are mixed today as they consolidate above Thursday’s lows. Arabica has support on tight supplies…
Corn Back to Rally Mode Early on Friday
Corn price action is up 5 to 6 cents so far on Friday AM trade. Futures faded back on Thursday, after rallying in the first half of the week with contracts slipping 3 to 4 ¼ cents in the front months. Open interest was down 7,972…
Governments become ‘deal participants’ as critical minerals race accelerates
State involvement is increasingly taking forms once associated primarily with commercial investors, including equity stakes, price floors and long-term offtake agreements.
RSI Alert: Generac Holdings (GNRC) Now Oversold
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the…
Pentagon in talks for Venezuelan oil fields deal through middleman - Bloomberg
Here’s what Trump’s new ‘Space Academy’ could mean for the US military
A new source for commissioned officers—but is it needed?
Bessent attacks Warren over yen intervention query, offers ‘Foreign Exchange for Dummies’ lesson
Treasury has not disclosed how much yen it bought, the execution rate or the current value of the position, despite Warren’s requests for details.
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.02%
Canada stocks lower at close of trade; S&P/TSX Composite down 0.76%
Brazil stocks higher at close of trade; Bovespa up 0.30%
Stocks wrap up winning week even as inflation becomes top of mind for investors
The inflation battle, as well as Nvidia earnings, captured investor attention this past week.
Pinterest stock falls as CFO Julia Donnelly resigns
Dolly Parton’s music, books and theme park see spikes in interest following her death
Dolly Parton, musician, actor and literacy advocate, died on Tuesday at the age of 80.
Op-Ed: Ethiopia’s hidden SEDEX deposit — part of Africa’s next great basin?
Sedimentary exhalative deposits boil down to an equally elegant recipe, writes Nicholas Vafeas.
Wall Street ends lower on hawkish Warsh at Jackson Hole, but rises for the week
Bond market may be pricing AI productivity gains as yields rise: JPMorgan Private Bank
Next week will show how sustainable the AI trade is. Here's what's ahead, including a jobs report
Whether artificial intelligence can sustain its advance remains to be seen.