Real-time News

Japan's purchases of foreign stocks in the week ending August 21 were -869 billion yen, compared to 1,391.3 billion yen in the previous week.

Foreign investors net outflowed ¥764.1 billion from Japanese stocks in the week ending August 21, compared with a revised ¥622.4 billion in the previous week (originally ¥621.2 billion).

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 company's stock price initially fell before rebounding sharply. Nvidia's 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. Nvidia's stock price subsequently rose by nearly 5%. Analysts pointed out: "Currently, Nvidia's 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 Fed's independence. In a letter to the White House on Wednesday, Cook's 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 July's 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 military's 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 Iran's combat capabilities.

National Australia Bank: The Reserve Bank of Australia is currently expected to raise interest rates in September.

Lawyers for Federal Reserve Governor Tim Cook stated that the White House letter was based on unexamined and unproven allegations of criminal misconduct. Cook has never been involved in mortgage fraud or any willful misconduct. There is no legitimate reason to remove Cook from the Federal Reserve Board.

August 27th - According to Nepalese police, the death toll from flash floods in northern Nepal has risen to 157. Flash floods struck the Rasuwa district in northern Nepal on August 26th.

Federal Reserve Governor Cook: We will fight against Trump’s attempt to remove me from the central bank.

On August 27, US President Trump signed an executive order easing tariffs on some imported ground beef, a move aimed at lowering costs for consumers. According to the order, if imports of lean meat scraps exceed a pre-set quota, higher tariffs will be temporarily waived. This tariff reduction will last for 90 days, with a monthly limit of 100,000 tons. The White House stated that this move is to ensure American consumers can afford beef during the current supply difficulties. The measure includes key safeguards to minimize costs, protect American ranchers from foreign imports, and provide them with space to expand their domestic cattle herds. However, this has drawn strong opposition from ranchers, alienating a crucial support group for the Republican Party's midterm election prospects. They have fiercely criticized the decision, saying it will harm American producers and fails to address the challenges of expanding the US cattle herd.

HP (HPQ.N) executive: As workloads shift from the cloud to end devices, AI PCs are now offering more value than they did last year.

Nasdaq futures rose about 1% in early trading on Thursday, boosted by a 4.5% after-hours gain in Nvidia (NVDA.O).

UN Secretary-General António Guterres: The UN team and partners are mobilizing supplies and personnel in Nepal to support flood-affected communities.

On August 27th, it was reported that the value of Zoom's (ZM.O) stake in Anthropic has increased to $3.13 billion. According to the company, the investment generated a paper profit of $1.61 billion in the three months ending in July. Zoom first invested in Anthropic in early 2023, establishing a partnership to integrate Anthropic's Claude model into Zoom's products. Furthermore, Zoom revealed that it invested an additional $301 million in Anthropic in the six months ending in July of this year.

The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.5 occurred near the sea area of Taitung County, Taiwan at 05:47 on August 27. The final result is subject to the official rapid report.

Nvidia CEO Jensen Huang: The world will need both closed and open models at the same time.

Nvidia CEO Jensen Huang: Although the industry is shifting towards developing custom chips, Nvidia's cutting-edge AI labs will remain a long-term customer.