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Z.ai shares tumble over 10% after $5 billion fundraising, its second major raise in two months

Z.ai shares tumbled after the Chinese AI company announced its second major fundraising in two months.

Trump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall

PAYD

Trump said revenue from the Venezuela arrangement has "paid for the war many times."

Amazon pauses operations with cargo carrier after fatal Miami crash

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The 21 Air-operated jet overshot a runway at Miami International Airport and hit several vehicles.

WPIC Forecasts 2026 Platinum Surplus as Demand Drops

BAC, JPM

After bracing for a fourth consecutive annual supply deficit, the global platinum market is now facing severe whiplash after a new forecast for a 265,000 ounce surplus for the year. The World Platinum Investment Council (WPIC) slashed its 2026 total platinum demand forecast by 18 percent to 7.08 million ounces in its latest quarterly report, ending a multi-year trend of supply shortages. Macro squeeze triggers investor exit The platinum price surged to an all-time high near US$2,924 per ounce in late January, acting as a high-beta proxy to the gold rally. By June 30, however, it had plummeted to a seven month low of US$1,565.80.The conflict between the US and Iran, along with subsequent shipping restrictions through the Strait of Hormuz, drove energy prices higher and forced global central banks to keep interest rate expectations elevated, crushing investor appetite for non-yielding assets. Investors fled the platinum market in response. Against that backdrop, the WPIC has revised its 2026 platinum investment demand forecast down by 601,000 ounces; it is now expecting a net outflow of 83,000 ounces for the year.“The shift to a forecast platinum market surplus in 2026 is overwhelmingly due to investment outflows that occurred during the first half of the year against a backdrop of heightened macroeconomic and geopolitical uncertainty,” WPIC CEO Trevor Raymond said in a September 9 press release accompanying the WPIC's report. Physical demand from the jewelry sector compounded the investment exodus. Global platinum jewelry fabrication is expected to fall 15 percent to 1.88 million ounces this year, driven almost entirely by declines in China. ​A fragile surplus built on scrap On the supply side, higher prices early in the year incentivized the processing of hoarded material. The WPIC expects global recycling supply to increase 8 percent to 1.8 million ounces in 2026, offsetting a flat outlook for primary mine production. Total platinum supply will rise 2 percent to 7.35 million ounces.Despite the headline surplus, the physical platinum market remains fragile. The WPIC has also revised its 2025 deficit estimate upward by 249,000 ounces to 1.44 million ounces.“The modest forecast surplus follows three consecutive years of significant deficit and does little to reduce the platinum market’s reliance on exceptionally lean and increasingly illiquid above ground stocks,” Raymond added.Even with this year's projected surplus in platinum, total aboveground stocks will only reach 2.01 million ounces by year end, representing just 3.4 months of global demand. While traditional automotive demand is forecast to fall 4 percent to 2.9 million ounces, industrial buyers are quietly accumulating the metal to build out artificial intelligence (AI) infrastructure. Total industrial demand will grow 5 percent to 2.38 million ounces in 2026. Hyperscale cloud operators require high-capacity enterprise hard-disk drives and low-dielectric glass fiber for printed circuit boards, both of which rely heavily on platinum.“China has earmarked nearly US$300 billion for AI infrastructure development through 2030, together with the US privately-funded buildout of AI technology, currently estimated at US$500 billion, creating new demand for platinum group metals across a wide range of applications,” Raymond added. Experts divided on platinum outlook Analysts remain divided on how the market will price these conflicting signals through the end of 2026.Eugenia Mykuliak, founder and executive director of B2PRIME Group, emphasized in a mid-year email to the Investing News Network that platinum retains a distinct operational profile from gold."Platinum and palladium face quite a different set of challenges, though. Their outlook is tied more closely to industrial activity and automotive demand than to monetary policy," she said. Bank of America (NYSE:BAC) analysts remain bullish, targeting an average platinum price of US$3,000 by Q4 based on the long-term structural constraints in South African mining. Conversely, JPMorgan Chase (NYSE:JPM) issued a highly cautious outlook in July, projecting that platinum will average just US$1,800 by the end of 2026.According to the WPIC's Raymond, platinum will likely trend with overall precious metals sentiment in the coming months, which could trigger a rebound in investment demand — "especially should interest rate increases fail to materialise or be lower than expected.” Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Mining Firms Capture 60 Percent of 2026 TSX30 List

Mining companies claimed 18 of the 30 available spots on the recently released 2026 TSX30 list by the Toronto Stock Exchange. They acount for 60 percent of the list, including six of the top 10 positions.The 30 equities on this year’s list posted a record 785 percent average dividend-adjusted share price return over the past three years. Collectively, the group represents C$252.6 billion in total market capitalization, adding C$225.7 billion in market value during the three year tracking period.Montage Gold (TSX:MAU,OTCQX:MAUTF) secured second place overall with a 2,502 percent return, with the firm advancing its Koné project in Côte d'Ivoire. According to Montage, construction remains ahead of schedule for a Q4 production start; that places the firm well on track for first gold pour in the fourth quarter. The gold developer expanded its regional footprint in April, issuing 29.9 million shares to complete its acquisition of African Gold and take control of the company's resource-stage Didievi project.Avino Silver & Gold Mines (TSX:ASM,NYSEAMERICAN:ASM) ranks fifth, posting a 958 percent return and generating 534,945 silver equivalent ounces in the second quarter of 2026. Avino recently brought the second mill circuit online at its La Preciosa development, where production jumped 59 percent quarter-on-quarter to reach 100,658 silver equivalent ounces. Taking the sixth position is Discovery Silver (TSX:DSV,OTCQX:DSVSF), now going by Discovery Mining after gaining TSX approval, posting a 934 percent return. The company achieved record gold production and revenue in the second quarter following its June 1 acquisition of the Kidd operations in Timmins, Ontario.AbraSilver Resource (TSXV:ABRA,OTCQX:ABBRF) ranks seventh with a 904 percent return. In August, the developer issued a limited notice to proceed to engineering firm Worley for the Diablillos silver-gold project in Argentina, initiating bridging engineering work to support a final investment decision targeted for the second quarter of 2027. Concurrently, the company reported shallow oxide-hosted gold drill results at its Cerro Viejo target, located 4 kilometers north of its primary Oculto deposit, intersecting 36 meters grading 1.91 grams per metric ton gold.G Mining Ventures (TSX:GMIN,OTCQX:GMINF) is in eighth place, returning 853 percent. The engineering and development firm partnered with Sumitomo (OTCPL:SSUMF,TSE:8053) through a 50/50 special purpose vehicle to acquire a 25 percent stake in Tintina Mines (TSXV:TTS,OTCPL:TNNTF). The capital injection targets the Dos Amigos copper-gold project in Chile. A preliminary economic assessment for the open-pit asset outlines a 25 year mine life yielding 37,000 metric tons of copper and 57,000 ounces of gold annually.Rounding out the top 10 is Faraday Copper (TSX:FDY,OTCQX:CPPKF), tallying a 688 percent return. In February, the company signed a letter of intent to acquire BHP's (ASX:BHP,NYSE:BHP,LSE:BHP) legacy San Manuel property in Arizona; the parties went on to set up a definitive agreement in July. The proposed transaction would merge San Manuel with Faraday's adjacent Copper Creek project into a single 27,000 acre district.The remaining 12 mining companies on the 2026 TSX30 list include four silver producers, three copper developers and one rare earths company. These are: Andean Precious Metals (TSX:APM,OTCQX:ANPMF) (11), Aclara Resources (TSX:ARA,OTCID:ARAAF) (15), Trilogy Metals (TSX:TMQ,NYSEAMERICAN:TMQ) (17), Aris Mining (TSX:ARIS,NYSE:ARIS) (19), IAMGOLD (TSX:IMG,NYSE:IAG) (20), Perpetua Resources (TSX:PPTA,NASDAQ:PPTA) (21), Skeena Resources (TSX:SKE,NYSE:SKE) (22), Lundin Gold (TSX:LUG,OTCQX:LUGDF) (23), Americas Gold and Silver (TSX:USA,NYSEAMERICAN:USAS) (24), Kinross Gold (TSX:K,NYSE:KGC) (28), DPM Metals (TSX:DPM,ASX:DPM,OTCPL:DPMLF) (29) and Hudbay Minerals (TSX:HBM,NYSE:HBM) (30).Half of the companies on the 2026 list graduated from the TSX Venture Exchange, marking the highest rate of junior market graduates since the program began in 2019.Don’t forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

The 10-year Treasury is closing in on 5%. How it gets there matters more

The 10-year Treasury yield is closing in on 5%, a level last touched in October 2023. Strategists say the drivers behind higher yields are more important.

Prediction markets are becoming more professionalized, but also harder to beat

The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.

CNBC Daily Open: Peace talks amid pipeline shocks

Statements from the BRICS summit over the weekend had a common thread: Nations want peace in the Middle East.

Hewlett Packard Enterprise Sees AI, Networking Demand Outrun Supply as 2027 Targets Rise

HPE

How 4 Million Hewlett Packard Shares Bought an AI NetworkHewlett Packard Enterprise (NYSE:HPE) CFO Marie Myers said the company’s recent quarterly results and revised fiscal 2027 framework reflect demand that continues to exceed available supply across networking, cloud and AI in

Jim Cramer questions Anthropic CEO's slowdown manifesto and puts forth an action plan

While I have grown tired of his endless proclamations, Dario Amodei does raise points that will impact many stocks if the spending curb proceeds.