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BILL and Blackbaud Form Strategic Partnership to Simplify Accounts Payable Process

BILL (BILL) and Blackbaud (BLKB) announced a new strategic partnership to simplify the accounts payable process for nonprofit and education finance teams. Payment Assistant, powered by BILL, the new experience for Blackbaud Financial Edge NXT customers, will embed BILL's business payments network and payment-processing capabilities into Blackbaud's automated accounts payable workflow. This will support nonprofit finance teams from invoice and approval through payment and reconciliation, all in one connected system, built on Blackbaud's Platform for Good.

S&P 500 Edges Up, Western Digital Falls 7%

After three days of losses, the S&P 500 eked out modest gains on Wednesday, even though AI CapEx build-out themed areas of the market remained under heavy pressure.  2026 winners such as Seagate, Western Digitaland Dellwere some of the biggest losers in the benchmark, with declines of 8%, 7%, and 7%, respectively.  Enterprise software continued to balance out the recent weakness in the semiconductors, computer hardware, and semi equipment sectors.  Outside of Tech, Industrials was the worst performing sector in the S&P 500, while Basic Materials and Healthcare let the rebound.U.S. Treasury was effective as a "plunge protection" actor in fixed income markets today, announcing that effective September 9th, it will double its operation in purchases of longer-dated treasury securities.  Longer-dated yields caved on the announcement, with the 10-year slipping 5 basis points and the 30-year - which had risen to 19-year highs overnight - down 9 basis points.  Minutes of the Federal Reserve meeting in July did not spoil the Treasury rebound party, even though they revealed that "many participants assessed that policy tightening would likely be necessary if inflation did not decline".In the opening hour of the evening session, sentiment remains upbeat with S&P e-minis up 0.2% and NASDAQ-100 contract up 0.5%.  WTI crude oil continues to reflect the stalemate in the Strait of Hormuz, trading little changed around $84 per barrel.  Also of note in commodities, a weaker U.S. dollar in the wake of the US Treasury announcement has goosed up precious metals to their highest levels since June, with gold prices rising above $4,570 per ounce and silver spiking above $67 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Beam Globalup 21.5%Nordsonup 7.6%BILL Holdingsup 2.9%ALSO HIGHER -Aurinia Pharmaceuticalsup 3.8% after settling patent litigation with TevaDOWN AFTER EARNINGS -Wolfspeeddown 9.5%Cotydown 6.6%