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One CEO just put $19 million of his own money into his company's stock — on the open market, reported to the SEC, fully verifiable. He's not alone. While most investors watched headlines, a handful of CEOs were quietly making seven-figure bets on their own companies. We dug through SEC Form 4 filings and verified the largest CEO stock purchases of 2026 — real names, real dollar amounts, real dates, every one linked to the actual filing so you can check it yourself.

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Happy Labor Day to everyone stealing five minutes from a long weekend. Here is what moved money, votes, and global chokepoints today, and what to watch next.

Merz gets a far-right wake-up call, and still won’t blink on reforms

Germany’s opposition leader Friedrich Merz said he was shocked after the far-right AfD notched a major state-level election triumph in Saxony-Anhalt, a result that underlined voter anger over migration, prices, and trust in mainstream parties. The win adds pressure on Berlin and on conservatives alike to explain what, exactly, they are offering beyond tougher rhetoric.

Instead of retreating, Merz reiterated support for a reform agenda that has proven unpopular in parts of the country, arguing Germany needs structural fixes even if the politics are ugly. The immediate risk for the center-right is getting squeezed between protest voters and a governing coalition that can now blame “extremism” for any setback.

Source: AP

Read the full story at AP →


Yen jumps, dollar drifts, and everyone stares at US inflation

The yen surged to a seven-month high while the US dollar eased, as traders repositioned ahead of key US inflation data and recalibrated rate expectations. Moves were amplified by thin summer liquidity and the market’s habit of overreacting when it is nervous about the next central-bank turn.

A stronger yen can tighten financial conditions in Japan and complicate the path for policymakers who have been trying to normalize policy without destabilizing markets. For the dollar, the next print on inflation matters less for one day of trading than for what it does to the story: whether the US is gliding toward easier policy or still stuck with “higher for longer.”

Source: Reuters

Read the full story at Reuters →


Amazon cargo jet overruns runway in Miami, killing at least five

An Amazon Prime Air cargo plane overran a runway at Miami International Airport on Sunday, killing at least five people and injuring others, according to officials. Emergency crews responded to the crash scene as investigators began piecing together what went wrong during landing.

The incident is likely to trigger a tight focus on runway conditions, braking performance, approach speed, and any mechanical issues, along with scrutiny of airport operations and weather at the time. Beyond the human toll, disruptions at a major hub can ripple into freight timelines, but the near-term story is safety and accountability.

Source: TODAY

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Oil ticks up after Iran signals tighter grip near the Strait of Hormuz

Oil prices rose after a senior Iranian official said Tehran will expand control measures around the Strait of Hormuz, including an “exclusion zone” outside the narrow waterway that handles a large share of global seaborne crude. Markets treated the comments as an escalation risk even before any concrete enforcement action.

The Strait is the world’s classic energy choke point: even small operational frictions can move prices because shipping insurers, tanker operators, and refiners price in worst-case outcomes fast. The next thing to watch is whether Iran’s rhetoric becomes actual interdiction, inspections, or harassment of tanker traffic, and how the US and regional navies respond.

Source: CBS News

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Panama Canal warns of fresh cuts as water levels fall again

The Panama Canal is preparing new limits on ship transits as drought conditions shrink the freshwater supply needed to operate its locks. The cuts threaten to slow one of the most important trade routes for container ships, LNG, and bulk cargo moving between the Atlantic and Pacific.

Shippers are already adapting by booking earlier, paying for priority slots, rerouting around Cape Horn or the Suez, and loading lighter to meet draft restrictions. The key watch item is duration: if lower rain persists, the canal’s constraints stop being a seasonal headache and start looking like a structural cost baked into global logistics.

Source: Financial Times

Read the full story at Financial Times →


That’s the full sweep for today. If you’re off for Labor Day, enjoy it; if you’re working, now you’re caught up.

— Daily Recap Editorial