A Commerce Department report showed the inflation measure closely watched by the Federal Reserve rose 3.7% in July from a year earlier, unchanged from June and well above the Fed’s 2% target. Federal Reserve Chair Kevin Warsh said inflation remains too high and suggested interest rates may need to rise in the coming months. U.S. gasoline prices climbed above $4 per gallon, while economic growth slowed to a 1.5% pace. Persistently high inflation continues to squeeze U.S. households.

SanDisk has cut dozens of development roles at its Israel R&D centers while posting a sharp jump in fiscal Q4 revenue to $8.97 billion and data center revenue of $2.98 billion. The company said it expects as much as $10.8 billion in revenue this quarter and is targeting roughly 80% gross margins and mid-to-high-teens revenue growth through fiscal 2030. Shares have surged 2,809% over the past year, and the stock trades at 7.18 times forward earnings versus a sector average of 23.21 times.

Apple remains Berkshire Hathaway’s largest holding, underscoring confidence in the company’s compounding ability and strategic positioning. In fiscal Q3 2026, Apple extended its steady growth and confirmed that Chief Executive Officer responsibilities will transition to John Ternus.

The U.S. Securities and Exchange Commission has proposed new rules aimed at simplifying how investment firms can hold cryptocurrencies. The proposal seeks to provide a clearer regulatory framework for the broader crypto market. It could lower compliance and custody barriers for traditional financial institutions, potentially drawing more institutional capital into the sector. The move is being viewed as a signal of a more constructive regulatory environment.

Lincoln Pharmaceuticals set Sept. 30, 2026 as the record date for its 32nd annual general meeting, with the share transfer books to remain closed from Sept. 12 to Sept. 30. The company proposed a final dividend of 1.80 rupees per share of face value 10 rupees, equivalent to an 18% payout. For the quarter ended June 30, 2026, it reported consolidated net profit rising 30.90% year-on-year to 36.23 crore rupees, while total income increased 19.02% to 201.55 crore rupees. EBITDA for the quarter grew 32.29% to 51.70 crore rupees.

Regulatory filings dated Aug. 27–28 list ProShares Trust’s ProShares XRP ETF and ProShares Ultra XRP ETF (UXRP) as registered fund series. A separate amended filing from Morningstar Funds Trust again references the Cyber Hornet S&P 500 & XRP 75/25 Strategy ETF. The documents place XRP-linked products alongside other crypto offerings such as Ultra Solana and the CoinDesk 20 Crypto ETF, with an expense ratio of 1.67% and assets in the roughly $40 million to $55 million range, according to the filings.

Clients of crypto asset manager Bitwise have recently purchased about $15.4 million worth of XRP through the firm’s platform. The buying highlights institutional demand for XRP allocations. The inflows came via compliant asset-management channels, reflecting interest in specific crypto assets among traditional finance clients.

India’s Apparel Export Promotion Council has asked Commerce Minister Piyush Goyal to restrict exports of cotton yarn, particularly 20s count and above. Cotton yarn prices have risen about 60% since early 2026, climbing from about Rs 250 per kg to around Rs 400 per kg, squeezing margins for garment makers. The AEPC said raw cotton fetches about Rs 275 per kg and yarn around Rs 325 per kg, while a kilogram of garments can realise Rs 800 to Rs 1,200 after value addition, arguing that export limits would help protect apparel export competitiveness.