Bird Construction reported second-quarter 2026 revenue of $1 billion, up 22.6% from $850.8 million a year earlier, with more than 80% of the increase driven by organic growth led by its Buildings segment. Contracted backlog rose to a record $6.1 billion, up 30.6% year over year. Pending Backlog increased by $2.2 billion, with new awards exceeding converted projects.

Arm CEO Rene Haas said he is increasingly confident the company can secure enough supply to meet customer demand of $2 billion for its AI chip. The company first disclosed that demand figure on its May earnings call, double the previously outlined $1 billion, but kept its official $1 billion revenue outlook at the time and the stock fell 10%. On July’s earnings call, management said its supply confidence had improved, and the shares rose more than 7% in the following session.

Brazil’s central bank cut the Selic rate by 25 basis points for a fifth straight meeting, taking it to 13.75% in line with most economists’ expectations. The move comes ahead of Brazil’s presidential election and on the same day the U.S. Federal Reserve raised its benchmark rate, heightening attention on a potentially narrowing interest-rate gap. Policymakers said further adjustments will depend on new information to bring inflation back to target. Election uncertainty and higher oil prices are adding to the risks around the economic outlook.

Robbins LLP said a securities class action has been filed involving Taboola.com Ltd. (NASDAQ: TBLA) covering purchases between May 6, 2026 and August 4, 2026. The firm linked the case to Taboola’s second-quarter revenue of $476.8 million, which it said missed the company’s prior guidance of $492$505 million. Taboola’s shares fell $1.45, or 27.41%, to close at $3.84 on August 5, 2026.

The Federal Reserve raised interest rates on Sept 16 for the first time in more than three years and said more tightening is likely as it battles persistently high inflation. U.S. stocks finished lower, with the Dow Jones Industrial Average down 631.33 points and the S&P 500 off 33.59 points. In tech, semiconductor shares rose 0.6%, while Boeing fell 3.7% after the company flagged delays in stabilizing 737 MAX production.

The Federal Reserve raised rates, lifting the federal funds target range to 3.75% to 4.00%. U.S. stocks came under pressure, with the Dow Jones Industrial Average down 631 points, or 1.2%, while the S&P 500 fell 0.5% and the Nasdaq Composite was little changed. Near-month West Texas Intermediate crude slid 3.7% as Middle East supply pressures eased and U.S. demand data came in below expectations.

U.S. stocks closed lower after the Federal Reserve raised interest rates as expected and signaled that further tightening may be ahead to tackle elevated inflation. The Dow Jones Industrial Average fell 1.17%, while the S&P 500 slid 0.43% and the Nasdaq finished nearly flat. Energy shares lagged as crude prices retreated, while semiconductor stocks advanced.

The Federal Reserve raised interest rates for the first time in three years to rein in high inflation, which has been worsened by military tensions between the U.S. and Israel and Iran. U.S. stock indexes fell at the open before clawing back some losses, while tech shares held up better than the broader market. Saudi Arabia offered additional crude supplies, easing fears of Middle East disruptions and pushing oil prices lower, which weighed on energy stocks.