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Real-time News
Tibo, Product Lead at OpenAI Codex: OpenAI 2026 Developer Conference will be the best developer conference in the companys history, absolutely unmatched.On August 25th, Algebris Global Credit Portfolio Manager Gabriele Foa stated that he expects Federal Reserve Chairman Warsh to provide a significant update on the Feds response to inflation in his speech at Fridays Jackson Hole conference, especially after the mixed signals released at the July press conference. He stated, "So far, the Fed has avoided providing clear forward guidance, resulting in unusually high uncertainty in its policy response function." This uncertainty is pushing the US Treasury yield curve steeper, with long-term yields becoming the primary channel for releasing pressure. "This contradicts, to some extent, Bessants attempt to achieve this by lowering long-term yields, and may also indicate that the coordination between the Fed and the Treasury is less than some market participants previously expected."On August 25th, options traders predicted that Nvidias (NVDA.O) stock price would rise/fall 5.4% on Thursday after the market closed on Wednesday following the release of its second-quarter results, lower than the 6.5% volatility implied by options before the May earnings release. Based on the expected 5.4% movement, its market capitalization could change by approximately $280 billion. Data from options analytics firm ORATS shows that this expected volatility is still significantly lower than the 7.4% average following earnings reports over the past 12 quarters. ORATS founder Matt Amberson stated, "The market has developed a certain degree of complacency regarding Nvidia, which also means that its performance is becoming more predictable." Chris Murphy, co-head of derivatives strategy at SIG International, said, "The era when Nvidia consistently amazed the market with significantly better-than-expected results in the early stages of the AI era, with its stock price fluctuating by 10%, 15%, or even 20%, is somewhat over. The market does not generally believe that it will deliver significantly better-than-expected results again."Fitch: UAE government debt is expected to rise, and banks and corporations may issue bonds when the opportunity arises.XPeng Group (09868.HK) saw its losses widen to 10% in the afternoon.
