To The Moon

$Box(BOX)$ has spent years arguing that enterprise content would become more valuable when artificial intelligence could understand and act on it. Its fiscal-second-quarter results offered unusually good evidence for that thesis: revenue growth remained moderate, but billings, contracted backlog, customer expansion and cash flow accelerated together. Box reported after the August 25 close for the quarter ended July 31. Revenue increased 9% to a record $321.1 million, or 11% in constant currency. Billings rose 17% to $309.5 million, remaining performance obligations increased 15% to $1.7 billion and net retention improved to 106%. GAAP operating margin reached 10.2%, versus 7.0% one year earlier, while non-GAAP operating margin expanded to 29.4%. Bo

$EHang Holdings Ltd(EH)$’s second-quarter revenue more than tripled sequentially as aircraft deliveries recovered, but its shares fell because the company withdrew its annual forecast and acknowledged that passenger-service approvals in China had become less predictable. For an early-stage aviation company, regulatory timing matters as much as engineering progress. EHang reported before the August 25 US market open for the quarter ended June 30. Revenue reached RMB77.9 million, up 203.5% from the first quarter but down 31.3% from one year earlier. The company delivered 36 electric vertical-take-off-and-landing aircraft, including 35 EH216-series units and one VT35, compared with four aircraft in the preceding quarter. Gross margin remained strong at

US consumer confidence fell to a seven-month low in August, and new-home sales recorded their weakest pace since January. Yet consumers simultaneously reported a better current labour market. The split matters for equities: households are worried about the future, but the evidence does not yet show a uniform contraction in present spending capacity. The Conference Board released its preliminary August survey on August 25, covering responses collected from August 3 through August 16. The Consumer Confidence Index declined to 89.4 from 90.2 in July. The Present Situation Index rose 6.8 points to 121.2, while the Expectations Index fell 5.8 points to 68.2. The Conference Board’s official August release provides the survey dates and components. The bullish interpretation is that current employ

Oil’s geopolitical premium unwound rapidly on August 25 as traders saw a possible route toward reopening the Strait of Hormuz. The reversal pressures producers’ near-term revenue but lowers inflation, transport costs and bond yields for much of the rest of the stock market. The same commodity move can therefore be bearish for energy equities and bullish for rate-sensitive growth shares. Brent crude fell 3.6% during the August 25 session to approximately $87.27 a barrel after rising in 13 of the preceding 14 sessions. Early on August 26 in Asia, Brent fell another 2% to $86.80 and West Texas Intermediate declined to $80.87 after Iran and Oman discussed a temporary navigation corridor and mine-clearing in the strait. The waterway handled roughly one-fifth of global oil and liquefied-natural-