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Real-time News
On August 27th, after the close of trading on Wednesday, Nvidia (NVDA.O) investors experienced a rollercoaster ride: after releasing its quarterly earnings report, the companys stock price initially fell before rebounding sharply. Nvidias second-quarter results easily exceeded market expectations, and the company raised its third-quarter earnings forecast. Investors bullish on the company saw this as another boost to the AI investment theme. However, after a long period of gains in tech stocks, the results initially seemed insufficient to excite the market. However, as the earnings call unfolded, market sentiment improved significantly. Nvidia CEO Jensen Huang and other executives stated that the company expects revenue to grow by 70% in fiscal year 2028 and further elaborated on their previous view that AI has reached an inflection point. Nvidias stock price subsequently rose by nearly 5%. Analysts pointed out: "Currently, Nvidias stock price fluctuations are within market expectations. The challenge for the company is no longer simply delivering good results, but rather delivering results that are even better than what investors expect. In this situation, exceeding Wall Street expectations is almost just an entry ticket."On August 27, Federal Reserve Governor Lisa Cook again denied repeated, unsubstantiated allegations of mortgage fraud made by President Trump. Trump is considering restarting efforts to remove her from her post, a move that could trigger another fierce legal battle over the Feds independence. In a letter to the White House on Wednesday, Cooks lawyers called the allegations "baseless and untrue." The letter stated, "Governor Cook has never committed mortgage fraud or any willful misconduct, and there is no legal justification for removing her from the Federal Reserve Board."August 27th - National Australia Bank (NAB) expects the Reserve Bank of Australia (RBA) to raise interest rates in September, as Julys consumer price increases in Australia exceeded expectations, primarily due to soaring fuel costs. NAB economists stated, "The July CPI data shows an inflation situation more severe than the RBA anticipated in early August, and the RBA has repeatedly hinted in recent weeks that the Monetary Policy Committee will act if upside risks to inflation materialize." The bank currently expects the RBA to raise the cash rate by 25 basis points to 4.6% in September.August 27th - According to Iranian sources, Iranian Army spokesman Mohammad Akraminia stated on the 26th that all of the Iranian militarys weapon systems, including those previously damaged, have been rebuilt. Iran has also imported new weapon systems from abroad. Akraminia stated that Iran has taken serious steps in rebuilding and redeploying its damaged weapon systems, which have enhanced Irans combat capabilities.National Australia Bank: The Reserve Bank of Australia is currently expected to raise interest rates in September.
