According to CNBC, Jim Cramer’s Charitable Trust is initiating positions in BNY, formerly Bank of New York Mellon, and Kimberly-Clark. The trust bought 240 shares of BNY at roughly $161 each and 365 shares of Kimberly-Clark at roughly $108, and each stock will represent 1% of the portfolio after Wednesday’s trades. The trust said it is shifting some exposure away from the AI data center buildout and toward less cyclical stocks with lower price-to-earnings multiples, citing expectations that the Federal Reserve will hike rates at its September meeting in two weeks. The trust set a $180 price target on BNY, which it said reflects 17.5 times consensus 2027 EPS estimates of $10.25, according to FactSet. It said BNY generates about 70% of revenue from fees and is less tied to the credit cycle, bond yields, or net interest income. The trust also said BNY’s revenue rose from $16.5 billion in 2022 to $20.1 billion in 2025, while pre-tax margin improved from 21.1% to 35.1% and EPS increased from $2.88 to $7.40. For Kimberly-Clark, the trust set a $120 price target, reflecting 16 times consensus 2027 EPS estimates of $7.46, according to FactSet. It said the company trades at about 14 times 2026 earnings estimates and yields 4.75%. The trust said Kimberly-Clark is buying Kenvue for about $49 billion in enterprise value, a deal expected to close before the end of this year, and that management expects $1.9 billion in cost synergies. It added that the combined company would become the second-largest consumer health and wellness company by revenue, behind Procter & Gamble.

The Federal Reserve’s internal watchdog said the central bank should do more to prevent confidential nonpublic information from being shared with its 12 regional reserve bank boards, according to Bloomberg. The boards include private-sector bankers and business leaders.

Private equity funds have recently lagged the S&P 500, raising questions about whether investments aimed at wealthy investors are necessarily better. According to Sina Finance, Cambridge Associates said its private equity index returned 7.4% annually after fees over the three years through March and 9.3% over five years, while funds tracking the S&P 500 returned 18.3% and 12% over the same periods. Supporters of private investments say they can offer higher long-term returns, access to leveraged buyouts and early-stage opportunities, and broader diversification. According to Sina Finance, Cambridge Associates said its private equity index returned 12.8% annually over the 25 years through 2025, compared with 10% for the S&P 500. The article also highlights two main risks: illiquidity and higher fees. According to Sina Finance, private equity funds often have fixed holding periods and redemption limits, and traditional private equity fees can include a 2% annual management fee plus 20% of profits above a threshold, although some funds now charge 15% of excess returns.

Napster Chief Executive Officer John Acunto told Bloomberg Tech that Microsoft is helping the company reinvent itself through agentic AI, according to Bloomberg. He said Napster is moving from streaming music to streaming intelligence.

According to Jin10, Iran's Revolutionary Guards deputy commander said the force will "firmly rebuff any move by the enemy."

According to the BBC, Dawn Light, 56, has been charged with aggravated intimidation of a juror after prosecutors said she photographed jury members outside the Plymouth courthouse during the Lindsay Clancy trial. Light, a registered nurse, pleaded not guilty and her lawyer called the incident a misunderstanding. Prosecutors said she was found in a restricted area in her parked car on Tuesday and later discovered photos of jurors in her deleted phone folder. Judge William Sullivan denied a request for $50,000 cash bail and ordered Light to stay away from the courthouse grounds and from people connected to the case. Clancy, 36, is charged with three counts of first-degree murder in the deaths of her three children and has pleaded not guilty, while the jury has been deliberating since Thursday.

US lawmakers agreed to extend a trade preference program with African nations until the end of 2028, according to Bloomberg.

According to Jin10, Reuters reported that currency tracking websites showed the Iranian currency fell to a record low against the U.S. dollar, with more than 2.2 million rials trading for $1.

According to Wallstreetcn, JPMorgan's investment banking co-head said M&A and IPO pipeline projects continue to increase, corporate boards are discussing growth issues, and M&A deal size is expected to surpass the 2021 record high.

On September 2, Robert Kiyosaki, author of "Rich Dad Poor Dad," revealed on a podcast that he was "1.2 billion dollars in debt," which attracted widespread attention in the market.

With the road construction over, Ethereum has finally begun to address the on-chain experiences that drive ordinary people crazy.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Bitcoin Asia has ended, and three key signals emerge: Bitcoin is shifting towards becoming a global payment reserve; RWA holders are increasing by 440% monthly; and AI agents are automating settlements using crypto. The industry is no longer asking when prices will rise, but rather who is truly using the technology.

Unlike Bessant's "interventionism," Warsh acted with extreme restraint. Faced with the challenge of persistently high long-term yields, Bessant's toolbox was far from exhausted, and once fully unleashed, its impact on the market would be no less than that of monetary policy.

For Robinhood Chain, the wealth-generating effect of memes and high APR can be the first spark to attract traffic and funds, but to keep this spark burning, it ultimately needs real transaction demand and sustainable ecosystem value.

Regardless of whether Warsh is in office, the long-term policy pressure on the Federal Reserve will remain on interest rate cuts. Of course, Warsh's announcement of abandoning forward guidance has essentially pushed the policy framework itself into a state of ambiguity.

This article outlines the main protocols currently used in Robinhood Chain and provides an overview of its ecosystem.

AMM was born out of the technical constraints of low throughput and high order modification costs in the early days of blockchain, but it has become one of the most important innovations in transaction mechanisms in the past decade.

Ethena needs a sufficiently hot stock perpetual contract market to achieve high returns, but its entry into the market itself may erode those high returns.