CALWIRE Market Update (Monday, August 24, 2026)

By Calwire Markets Desk

  By Calwire Markets Desk

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Today's top story: Steadfast agrees $5.51bn buyout by KKR-led consortium. This roundup covers 12 stories from Yahoo Fin, CNBC Top, Fortune, and MarketWatch.

Related: CALWIRE Market Update (Monday, August 3, 2026) · CALWIRE Stock Market Open Roundup (Monday, August 24, 2026)

Steadfast agrees $5.51bn buyout by KKR-led consortium — Yahoo Fin

XPeng Sinks 7% as Q2 Miss Overshadows $6.3B Robotics Valuation, NIO Drops 4%, Tesla Slips — Yahoo Fin

ADNOC Awards McDermott $1 Billion-Plus Contract for Major Offshore Gas Project — Yahoo Fin

Nvidia Could Drop 20% On Poor Earnings — Yahoo Fin

Yields decline on CNBC report Treasury could use General Account to fund buybacks
Treasury yields fell Monday as investors await Federal Reserve Chair Kevin Warsh's keynote speech at Jackson Hole later this week. — CNBC Top

His boss asked if AI could replace human coders. Two weeks later, he and 160 colleagues were laid off in Beijing
China is pushing AI across its economy, even as economists warn automation could worsen an already difficult job market. — Fortune

Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates
President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 20... — CNBC Top

‘My main goal is to help people’: I’m single, 74, with $10 million burning a hole in my pocket. What should I do?
“I also own my home and an SUV outright, with no outstanding debt.” — MarketWatch

Trump ripped Obama for flying long distances to play golf. Now he’s flying to the Irish Open
“They talked about the carbon footprint and then Obama hops onto a 747, Air Force One, and flies to Hawaii to play a round of golf... — Fortune

‘Everything we own is gone’: Over 90,000 people in Reno evacuated amidst ‘human-caused’ wildfire
Officials did not provide details on how they determined the fire was "human-caused," and if it was intentional or accidental. — Fortune

The Treasury doubled bond buybacks to bring down borrowing costs. The relief barely lasted
The 10-year Treasury yield is back near a one-year high as investors brace for fresh inflation data and the Fed’s Jackson Hole mee... — Fortune

Greg Abbott turned from data center ‘epicenter’ booster to skeptic—and Trump is calling it an economic ‘mistake’
"They got the backlash they deserve," Greg Abbott said in an interview on ABC This Week. Less than a year ago, he wanted his state...

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