Plus: Can a down-and-out Oracle join the software revival? September 7, 2026 PRESENTED BY MISO ROBOTICS Good morning and happy Labor Day. British police near Liverpool were pouring over the evidence as they searched for 70,000 pints worth of stolen Guinness last week. Thieves slipped out of a depot with 800 barrels of Vitamin G worth $155,000 by hitching the two trailers they were stored in, worth another $67,000. “It is famously said that ‘Guinness is good for you,’ but that is only the case when it has been bought and paid for,” Detective Sergeant Gary McClatchey of the Cheshire Constabulary said in a statement. The caper was revealed days after Pabst Brewing offered $20,000 for 1,600 cases of Pabst Blue Ribbon and non-alcoholic Old Milwaukee that it said vanished from a Southern California warehouse in late August. Worth $70,000, the missing beer was destined for San Diego and Tucson. Here’s hoping the thirsty villains on both sides of the pond are caught quickly as the last thing you want in a scenario like this is a cold case. MARKETS S&P 500 7,718.60 ▼ -0.38% DJI 53,414.25 ▼ -0.51% ORCL $158.78 ▲ +3.08% Stock data as of market close on September 4, 2026. ELECTRIC VEHICLES As China Sales Sag, BYD Gains Global Edge Photo via Lucio Tavora / Xinhua News Agency/Newscom Henry Ford, according to folklore, observed that if he had asked people what they wanted, they would have said faster horses. Today, a slightly wiser world might answer cheaper EVs, and that’s music to BYD’s ears. In its recent earnings call, the Chinese EV-maker reported that its overseas sales trumped its domestic sales for the first time in company history. It’s a sign both of booming global demand and a shifting Chinese market. Either way, Western carmakers could be in trouble. A BYD In Every Garage BYD’s overseas sales in the first half of the year rose 34% to $27 billion, accounting for 53% of total sales. Meanwhile, Chinese revenue dipped 31%, battered by the increasingly brutal dynamics of the domestic market. Industry-wide car sales in China have been in a nearly yearlong decline, according to the China Passenger Car Association, which recently said that sales in July had fallen 21% year over year. In a double whammy, fierce pricing competition means selling cars at home is a razor-thin-margin business. It’s why the global market is a matter of both opportunity and survival for BYD. Not so coincidentally, BYD achieved quarterly profit growth for the first time in over a year during the second quarter as its export business gained speed; net profit reached $1.2 billion, up 30% year over year. As BYD rounds the corner into a global player, it’s become something of a perverse weather vane for Western carmakers. What’s bad for BYD is bad for Western players, and what’s good for BYD is also bad for Western players: The pain felt by BYD at home is felt far more acutely by Western carmakers. In July, Mercedes said a 30% decline in China sales offset growth in all other markets; in August, GM discontinued its Chevrolet brand in China following a 99% sales collapse from a 2014 peak. Meanwhile, BYD’s global success, particularly in developing markets, is swallowing up longtime international strongholds for legacy brands. For instance, BYD outsold Toyota, 17,354 bookings to 15,750, at this year’s Bangkok International Motor Show, despite Toyota’s longtime Thai dominance; in Brazil, BYD is now neck and neck with Volkswagen, which has been assembling cars there since the 1950s. No Thank EU: The European Union may soon follow the US’s example, and is considering imposing at least some tariffs on BYD’s plug-in hybrid vehicles to protect domestic manufacturers. Meanwhile, Canada seems to be welcoming BYD. The brand is due to launch in The Great White North later this year. And last week, Brampton, Ontario, Mayor Patrick Brown said BYD had approached him about taking over a struggling Stellantis plant, saying “If the US takes a position that causes us to no longer be able to be a partner with them on autos, there is a world of
possibilities.” Written by Brian Boyle PRESENTED BY MISO ROBOTICS An 8,000X Oversubscription Could Reset Robotics Stocks Photo via Miso Robotics Hold onto your nuts and bolts: Robotics is having a moment that could be life-changing for many people. A recent robotics IPO was oversubscribed 8,000x. And experts say the frenzy could radically reprice robotics companies’ stocks industry-wide. Meanwhile, everyday investors like you found a different way into this boom, making 44k+ investments in a private-stage company named Miso Robotics . Miso’s Flippy Fry Station robot already has a $4B/year annual revenue potential. But 2026 has been even bigger. Two recent acquisitions added big-name partners like Jersey Mike’s and grew Miso’s patent portfolio 10x overnight. Flippy is now even manning the fryer of an NBA arena . You, too, can be a shareholder. But don’t wait. Hurry to invest in Miso at $5.48/share before it changes on 9/17. * ENERGY Chevron Targets $7B Investment in Venezuela Chevron is getting a sweet deal on Venezuela’s sour crude. Last week, the Houston-based company announced that it’s investing more than $7 billion in Venezuela over the next five years, more than doubling its production there to roughly 600,000 barrels a day. Chevron is already the largest private oil producer in the South American country, where it has been operating since 1923, meaning it has plenty of experience and the right infrastructure to make the most of the expansion. The company’s three joint ventures in Venezuela have grown production by 15% year-to-date, and the new agreement comes with “enhanced fiscal, commercial and legal terms” plus more acreage in the Orinoco Belt, per the statement. Total costs will
be less than $20 per barrel. Oil Economics Venezuela has the world’s largest oil reserves, but its energy industry isn’t close to taking full advantage of that potential. Reuters reports that its current oil output is