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Nvidia Beats Q2 Forecasts With $96.2B Revenue, Guides 70% Growth
Nvidia beats Q2 earnings with $96.2B revenue and $2.22 EPS. CEO Huang forecasts 70% fiscal 2028 growth and reveals major Amazon GPU contract. Stock rises 4% after initial decline.
Trump-Backed Mazzei Wins Oklahoma GOP Governor Primary by 2,020 Votes
Trump-backed Mike Mazzei wins Oklahoma’s GOP governor primary runoff by 2,020 votes over Attorney General Gentner Drummond. Mazzei will face Democrat Cyndi Munson in November.
KOSPI Rebounds 0.97% as Leveraged ETF Outflows Ease Chip Volatility
KOSPI climbs 0.97% to 6,808 as Samsung and SK Hynix gain on chip strength and lower oil prices. Leveraged ETF outflows of nearly $1 billion signal cooling AI investment fervor in South Korea.
South Korea’s KOSPI Rebounds 0.97% on Chip Gains Ahead of Nvidia Earnings
South Korea’s KOSPI climbs 0.97% to 6,808.21 on August 26 as chip stocks rally ahead of Nvidia earnings. The index is recovering from a 40% crash that wiped out $2.5 trillion in value over six weeks.
US Core PCE Holds at 3.3% in July, Dollar Edges Higher on Inflation Data
US core PCE inflation held steady at 3.3% in July 2026, matching expectations but staying well above the Fed’s 2% goal. The dollar rose slightly as markets await Jackson Hole guidance.
Edge Early Learning Collapses Into Administration: 70 Centres at Risk, August 27
Childcare provider Edge Early Learning enters voluntary administration with 70 centres at risk. KordaMentha appointed as administrators. Arena REIT holds $4 million in guarantees over 31 leased properties.
Darline Graham Wins South Carolina GOP Senate Runoff on Trump Backing, August 26
Darline Graham wins South Carolina GOP Senate runoff with Trump endorsement and $827,000 in super PAC spending. Political newcomer will face Democrat Annie Andrews in November.
Federal Judge Strikes Down Texas Drag Show Ban for Second Time
Federal Judge David Hittner permanently blocks Texas from enforcing Senate Bill 12, ruling the 2023 drag show ban unconstitutional for the second time due to First Amendment violations.
Moonshot AI Negotiates Revenue-Sharing Deals With Microsoft, Amazon and Google
Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon, and Google, Reuters reported on August 26, 2026. The Beijing-based startup wants these three cloud giants to host its Kimi K3 model. Moonshot is seeking up to 30% of revenue generated from K3-related services. A completed deal would mark the first major revenue-sharing pact between a…