News

US President Trump praised Nvidia's (NVDA.O) performance and revenue growth forecast for fiscal year 2028 in a tweet.

U.S. Treasury officials stated that bond yields will decline as inflation gradually cools; the Trump administration is committed to lowering long-term bond yields.

The European-Mediterranean Seismological Centre reports a 6.2-magnitude earthquake in the Gulf of Aden at a depth of 10.0 kilometers.

A senior U.S. Treasury official said the G20 finance ministers' meeting will focus on stronger economic growth and reducing global imbalances.

Nvidia (NVDA.O) has announced an upcoming event for the financial community.

According to NBC News: Sources say the CIA director asked Russia not to share intelligence with Iran during a meeting in Moscow.

Canadian Ambassador to Washington, Wiesman, stated that Canada's removal of tariffs on U.S. seafood was more of a technical matter than a signal of a swift resumption of negotiations.

Canadian Ambassador to Washington, Wiesman: Canada cannot accept a trade agreement with the United States unless it can ensure the survival of Canada's auto assembly and parts industry.

Foreign central banks held $29.075 billion in U.S. Treasury securities in the week ending August 21, compared with a previous week's figure of -$10.671 billion.

According to an official from a U.S. banking regulator, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) will release a new set of rules on Thursday, with the core idea being to "focus regulatory attention on significant financial risks." Regulators stated that the reform aims to prevent bank inspections from becoming a "check-off compliance effort," instead concentrating on the most critical financial risks that could jeopardize a bank's survival. The reform includes a new definition of the term "dangerous or unsound behavior," which previously had considerable room for interpretation. The new rules will also raise the bar for issuing "issues of concern," formal notices issued by regulators to banks requiring them to rectify existing problems. Previously, U.S. regulators faced criticism for failing to address Silicon Valley Bank's interest rate and liquidity risks in a timely manner. The regulatory official stated, "We are pushing regulators and banks to focus their attention on the risks that are most important to them—those that could have a significant impact on their balance sheets and liquidity." Furthermore, the OCC announced that it will release its policy and procedure manuals for the first time to improve transparency and accountability. The agency stated that it will now categorize legal and regulatory violations into "substantive violations" and "technical violations." For non-substantive violations, regulators will seek to address them outside of the formal written notification system.

The Dow Jones Industrial Average rose 104.67 points, or 0.20%, to close at 53,568.55 on Thursday, August 27; the S&P 500 rose 55.10 points, or 0.72%, to close at 7,730.80; and the Nasdaq Composite rose 411.16 points, or 1.57%, to close at 26,541.35 on Thursday, August 27.

Canadian Prime Minister Carney: All Canadians know that Lake Ontario is Lake Ontario.

According to the Financial Times, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) will release a new set of rules on Thursday.

U.S. Treasury Department: The United States has granted Venezuela general licenses related to the oil and gas industry, gold, Venezuelan minerals, mining operations, and PDVSA (petroleum company).

U.S. Treasury Department: There is also a general license authorizing the supply of certain telecommunications-related goods and services to Venezuela.

U.S. Treasury Department: Another U.S. general license authorizes the sale of U.S.-origin diluents to Venezuela.

U.S. Treasury Department: One of the licenses authorizes certain activities involving Venezuelan oil or petrochemical products.

U.S. Treasury Department: The United States has issued a revised general license for Venezuela.

Iran's Supreme National Security Council Secretary Rezaei: Some countries, feeling threatened by us, have withdrawn US fighter jets from their territories to avoid Iranian attacks. What new tricks can the US possibly pull? We have endured 15 years of heavy sanctions, and they have also imposed a naval blockade for over a month. To launch "economic pressure" after a military conflict demonstrates that the enemy has lost hope in relying solely on military force.

Anthropic will offer 10,000 Claude subscriptions to scientists worldwide, providing a free or discounted one-year subscription, and has partnered with the U.S. government to provide Mythos-level model access for the life sciences.