China’s industrial profits grew 11.2% from a year earlier in July, slowing to their weakest pace this year, according to data released Thursday by the National Bureau of Statistics.
C
CNBCOriginal★★★☆☆2026-08-27 01:47
Saskatchewan Premier Scott Moe said Wednesday that the province would impose a 50% tariff on American alcohol in response to the deepening trade war between Canada and the United States.
R
ReutersOriginal★★☆☆☆2026-08-27 01:40
Saskatchewan, a western Canadian province, will impose a 50% tax on alcoholic beverages from the United States in retaliation for new American tariffs on Canadian beer, wine and liquor.
President Donald Trump signed an order easing tariffs on some ground beef imports in an effort to reduce costs for consumers. The move has angered ranchers and Republicans in rural states ahead of the November midterm elections.
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Bloomberg NewsOriginal★★★☆☆2026-08-27 01:30
Forbes has ranked Wildberries founder and RWB CEO Tatyana Kim as Russia’s richest woman for the fifth time, estimating her fortune at $5 billion. The combined wealth of women on the list fell by $6.8 billion over the past year, while the number of female billionaires more than halved.
T
TASSOriginal★★★☆☆2026-08-27 01:25
Nvidia reported better-than-expected results and said it expects revenue to grow another 70% in fiscal 2028.
CCNBCOriginal★★★☆☆2026-08-27 01:11
Nvidia shares initially fell after the company released its quarterly results on Wednesday, then surged, giving investors a roller-coaster ride. The move underscored Wall Street’s lofty expectations for its favored AI chip designer.
Nvidia expects to generate $108 billion in revenue within a few months, following a record $96.2 billion quarter. Data center revenue more than doubled year over year to $89 billion, while profits reached $59.7 billion. Consumer business growth was tempered by slower PC sales, higher prices, and component shortages.
Nvidia’s sales outlook beat expectations but failed to satisfy all investors, deepening worries about whether artificial-intelligence spending can maintain its momentum.
Nvidia projected quarterly revenue above Wall Street expectations on Wednesday, but the forecast did little to calm investor concerns about the company’s long-term dominance of the AI chip market.
Nvidia, a bellwether for the technology sector, reported fiscal second-quarter results after Wednesday’s close that exceeded estimates. The company projected $108 billion in revenue for the following quarter.
Qantas reported pre-tax profit of A$2.06bn, its lowest in four years, after the US war on Iran added A$610m to fuel costs. The airline will phase out its Airbus A380s and declined to forecast how Jetstar’s planned carry-on luggage charge will affect revenue or ticket sales.
TThe GuardianOriginal★★★☆☆2026-08-27 01:11
The Bank of Korea raised its policy rate by 25 basis points to 3%, the highest level since January 2025, matching expectations as core inflation remained elevated.
CCNBCOriginal★★★☆☆2026-08-27 01:04
Bitcoin is trading near $78,514 as about 81,700 Deribit options worth roughly $6.4 billion approach settlement on Aug. 28. Concentrated call exposure at $75,000 and $80,000 could influence dealer hedging, either keeping prices near those levels or intensifying a breakout.
C
CryptoSlateOriginal★★☆☆☆2026-08-27 00:40
The dollar stayed close to an eight-day high on Thursday after U.S. inflation and other economic figures modestly increased expectations of a Federal Reserve rate hike. Markets were also looking ahead to the Jackson Hole central bankers’ symposium, scheduled to start later that day.
RReutersOriginal★★☆☆☆2026-08-27 00:30
British insurer Prudential said it will complete a US$300 million share buy-back by December after reporting an 8 per cent rise in first-half new business profit. Concerns that fewer mainland Chinese visitors may come to Hong Kong could test insurers’ performance in one of their largest markets.
S
South China Morning PostOriginal★★☆☆☆2026-08-27 00:21
HP said Wednesday that third-quarter PC shipments and margins fell. Price increases intended to offset rising memory-chip costs were not enough, sending the company’s shares down 9% in extended trading.
RReutersOriginal★★☆☆☆2026-08-27 00:20
The United States and Russia are competing to assert dominance in the world’s third-largest energy market.
CCNBCOriginal★★☆☆☆2026-08-27 00:03
Industry groups representing aluminum producers in the US and Canada say the two countries should stop imposing tariffs on each other’s metal and instead form a united front against Chinese competition.
BBloomberg NewsOriginal★★☆☆☆2026-08-27 00:00
Legal and financial advisers have formed a committee to bring together companies with outstanding claims against Venezuela ahead of the country’s planned debt restructuring, the advisers said.
RReutersOriginal★★★☆☆2026-08-26 23:40
The trade war is returning to Canada’s supermarkets as a Canadian grocer restores labels that helped consumers boycott US products.
BBloomberg NewsOriginal★★☆☆☆2026-08-26 23:30
Avalanche Treasury Corp approved a $10 million Class A share-repurchase program after reporting a $44.7 million second-quarter net loss, with roughly $35.7 million tied to AVAX-related items. Management called the buyback one tool for creating shareholder value. The company held 15.3 million AVAX at June 30, while Nasdaq closed one compliance matter but left a bid-price issue unresolved.
CCryptoSlateOriginal★★☆☆☆2026-08-26 23:30
Puck confirmed it is in advanced talks to receive an investment from RedBird Capital Partners. The deal would help fund growth at the newsletter startup, which is valued at $250 million.
RReutersOriginal★★☆☆☆2026-08-26 23:15
The SEC is bringing back a crypto custody proposal that the previous U.S. administration failed to put in place. In 2023, the regulator sought to narrowly limit where investment advisers could hold clients’ crypto assets, while the new approach remains secretive.
C
CoinDeskOriginal★★☆☆☆2026-08-26 23:01
Salesforce increased its full-year revenue forecast and said Wednesday that it was broadening its partnership with AI company Anthropic. The announcements sent shares of the enterprise software maker 14% higher in extended trading.
RReutersOriginal★★★☆☆2026-08-26 23:01
President Donald Trump said Wednesday that he signed a proclamation temporarily increasing the amount of imported lean beef trimmings. The White House said the measure addresses beef prices that have risen to an “unreasonably” high level.
RReutersOriginal★★★☆☆2026-08-26 22:35
Boeing posted contractor positions for engineering and technical roles on job sites on Tuesday, in what appears to be the latest escalation in its labor dispute with the white-collar union representing workers in its commercial airplane division.
RReutersOriginal★★☆☆☆2026-08-26 22:31
British households will be able to buy and use plug-in solar power kits from Thursday, the government said, presenting them as an option for reducing energy costs.
RReutersOriginal★★★☆☆2026-08-26 22:15
Thailand’s Securities and Exchange Commission opened consultation on Aug. 24 over a crypto ETF framework initially allowing passive, single-asset Bitcoin or Ethereum funds. The products would trade only on the Stock Exchange of Thailand, with assets mainly held by Thai-regulated custodians, giving local managers and service providers an early structural advantage. Comments close Sept. 20, with rules expected later in 2026.
CCryptoSlateOriginal★★☆☆☆2026-08-26 21:50
Nelson Peltz’s Trian Fund Management currently has no plans to make a take-private offer for Wendy’s, according to people familiar with the matter who spoke to Reuters.
RReutersOriginal★★☆☆☆2026-08-26 21:35
The piece highlights the perspectives of women leaders and experts who are shaping global finance.
BBloomberg NewsOriginal★☆☆☆☆2026-08-26 21:30
Coins.ph CEO Wei Zhou is betting that regulated stablecoin rails can cut remittance costs, expand access to dollars and bring millions of underbanked people into the financial system. When he moved his own savings from Asia to the US to buy a family home, he encountered the same slow, costly and cumbersome traditional banking process faced by many cross-border families.
SSouth China Morning PostOriginal★★☆☆☆2026-08-26 21:00
HP Inc. shares declined as investors looked past a widely anticipated improvement in the company’s profit forecast and focused instead on concerns about future demand for computers and printers.
BBloomberg NewsOriginal★★☆☆☆2026-08-26 20:28
Salesforce shares jumped 11% after gains from the company’s stake in Anthropic helped lift profit in the latest quarter.
CCNBCOriginal★★☆☆☆2026-08-26 20:13
Russian stocks ended Wednesday lower, with the ruble-denominated MOEX Index down 2.17% at 2,071.3 points and the dollar-denominated RTS Index off 1.96% at 774.19. The yuan rose 10 kopecks against the ruble to 12.6 rubles. An analyst said MOEX had fallen below 2,100 points.
TTASSOriginal★★☆☆☆2026-08-26 19:56
Russian stocks narrowed their losses to 1% during the main trading session on the Moscow Exchange. By 4:15 p.m. Moscow time, the MOEX and RTS indices were down 0.95% at 2,097.03 and 782.12 points, respectively.
Russian stocks fell at the start of Wednesday’s main trading session. The MOEX and RTS indices initially dropped 1.2% to 2,091.83 and 780.19 points, while the yuan gained against the ruble. Their losses later narrowed, and the MOEX index with the IMOEX2 ticker was down 0.67% in morning trading.
Bitcoin’s two-week rebound above $80,000 restored more than $3 billion in unrealized gains on Strategy’s holdings and drove MSTR up about 37%, outpacing Bitcoin’s roughly 22% rise. Strategy has not bought Bitcoin since June, instead raising $2.01 billion through new MSTR shares, repurchasing STRC and increasing its dollar reserves.
CCryptoSlateOriginal★★☆☆☆2026-08-26 19:45
Iran’s ambassador to Turkmenistan, Ali Mojtaba Rouzbehani, described US sanctions on Iran as “economic terrorism.” He said Tehran is responding through economic diplomacy, transport and transit cooperation, and closer ties with regional organizations. Washington has announced plans to tighten sanctions further and has already blacklisted companies, individuals and oil tankers.
TTASSOriginal★★★★☆2026-08-26 19:41
Iranian Foreign Minister Abbas Araghchi sent a letter to the UN secretary-general and Security Council members outlining Tehran’s position on US sanctions. He stressed what Iran calls the UN’s and governments’ legal and moral duty to condemn the US administration’s “illegal and criminal actions.” Iran’s Foreign Ministry has described the sanctions as “economic terrorism” and a crime against humanity.
Iranian officials say domestic capacity can keep the economy afloat despite new US sanctions, while warning that the coming year will be difficult. Tehran is stockpiling essentials, foreign currency and gold and seeking greater food self-sufficiency, as oil exports have nearly stopped and inflation, falling purchasing power, energy rationing and currency depreciation intensify pressure.
After US-Canada trade talks broke down Friday, the US imposed 50% tariffs on a broad range of Canadian goods under the previously unused Section 338 of the 1930 Tariff Act. US Trade Representative Jamieson Greer sought to reassure markets Monday, arguing the measure covers only a small share of imports and an even smaller share of consumption, so it could not meaningfully affect US well-being.
BBloomberg NewsOriginal★★★★☆2026-08-26 19:00
Donald Trump expected Canada to yield to US tariff demands, but failed talks led Ottawa to impose retaliatory tariffs on about $20bn of American goods. Trump called Canada “difficult and unreasonable”, threatened to rename Lake Ontario “Lake America” and insulted Canadian officials, while the dispute pushed up US consumer prices.
As recently as last week, automakers hoped summer U.S.-Canada trade talks would ease Washington’s 25% tariffs, which have increased the cost of shipping vehicles and parts across the border. Instead, the tariffs doubled.
The trade war between Canada and the United States is intensifying. After new 50% US tariffs on Canadian products took effect Saturday, Canada announced retaliatory tariffs of 15% to 50% on roughly $20 billion in American goods. The tit-for-tat has also spread from commerce into cultural and linguistic issues.
U.S. President Donald Trump said on Wednesday that it was time to teach Canada it could not continue acting this way, days after trade talks between the neighboring countries broke down.
The Smarter Web Company, which reported holding 2,712 BTC, said Bitcoin Strategy chief Jesse Myers will leave on Sept. 1. Its Bitcoin Treasury Policy will remain under board oversight, but the company gave no reason for his departure and did not identify a successor or explain how his operational duties will be reassigned.
CCryptoSlateOriginal★★☆☆☆2026-08-26 18:50
Russia’s coal production fell 1.8% year on year in January-July to 249 million tons, Rosstat said. Output of all hard coal declined 2.3%, while coking coal rose 1.2% and brown coal was nearly unchanged.
TTASSOriginal★★★☆☆2026-08-26 18:01
New York City’s supply of condos for sale is contracting. The inventory of entry-level units priced at $1,800 or less is projected to plunge 74%, according to the report.
BBloomberg NewsOriginal★★☆☆☆2026-08-26 18:01
Russia’s total gas production, including natural and associated petroleum gas, rose 3.7% year on year in January-July to 397 billion cubic meters, Rosstat reported. Natural gas output reached 338 bcm, while LNG production increased 12% to 20.6 million tons. July total gas output was 39.6 bcm.
TTASSOriginal★★★☆☆2026-08-26 17:59
Russia’s industrial output rose 0.1% year on year in the first seven months of 2026, Rosstat said. July production increased 0.4% from a year earlier and 1.4% from June. Mining fell 0.9%, while manufacturing grew 0.5%; power, gas and steam production rose 0.7%, and water and waste services declined 3.2%.
TTASSOriginal★★★☆☆2026-08-26 17:58
Canada’s main stock index is expected to edge down from Tuesday’s record high for the rest of 2026 as investors assess elevated bank valuations and worsening trade tensions, before reaching a new record in 2027, a Reuters poll found.
RReutersOriginal★★★☆☆2026-08-26 17:45
European shares are expected to make only modest gains by the end of the year, a Reuters poll found, as geopolitical risks curb optimism fueled by strong corporate earnings.
RReutersOriginal★★☆☆☆2026-08-26 17:40
US inflation stayed above the Federal Reserve’s 2 percent target for a 65th consecutive month. The PCE price index rose 3.7 percent year on year in July, exceeding expectations and strengthening bets on a rate hike as soon as September. Energy costs surged after the US and Israel attacked Iran, while new tariffs after failed Canada talks could add pressure.
AAl JazeeraOriginal★★★★☆2026-08-26 17:28
Annual U.S. inflation unexpectedly held steady in July, staying well above the Federal Reserve’s 2% target for a 65th consecutive month. The halt in its decline from a recent Iran-war-driven peak is likely to intensify the central bank’s tense debate over raising rates or holding them steady.
Core prices in the personal consumption expenditures price index rose 3.3% over the year in July. Economists surveyed by Dow Jones had expected the index to increase 0.1% month over month and 3.6% over 12 months.
The Treasury is giving the central bank a new legal objective to promote innovation in digital currencies, as part of efforts to establish the UK as a hub for stablecoins.
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Financial TimesOriginal★★★☆☆2026-08-26 17:27
A closely watched Federal Reserve inflation measure was unchanged last month, the latest indication that many Americans continue to struggle with higher costs amid the Iran conflict and ongoing US trade disputes.
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The Associated PressOriginal★★★☆☆2026-08-26 17:00
Banks are promoting tokenized deposits as a programmable, around-the-clock payment alternative to stablecoins. Falcon Finance’s Artem Tolkachev says the crucial difference is the balance sheet: tokenized deposits remain bank deposits that can support lending, while stablecoins may pull away funding and raise banks’ financing costs.
CCryptoSlateOriginal★★☆☆☆2026-08-26 16:40
In a letter to the CFTC, Hyperliquid Policy Center trade[XYZ] called for rules covering perpetual contracts tied to energy markets.
TThe BlockOriginal★★☆☆☆2026-08-26 16:06
![Hyperliquid Policy Center, trade[XYZ] urges CFTC to create path for US oil perpetuals](https://www.tbstat.com/wp/uploads/2020/06/20200630_CFTC-Daily-1200x675.jpg)
CryptoQuant says bitcoin has entered a bull market, but it needs to rise above $83,000 for that move to be “officially” confirmed. The firm said bitcoin bull markets have historically “officially” begun when the price crosses above its 365-day moving average.
TThe BlockOriginal★★☆☆☆2026-08-26 16:02
REX-Osprey’s XRP ETF held 40.25% of its assets in CoinShares Physical XRP ETP, potentially layering fees and trading costs across two listed products. The structure, differing venues and liquidity conditions may make XRPR’s net asset value diverge from XRP. XRPR discloses a 0.75% annual expense ratio, while the underlying ETP charges 1.50%.
CCryptoSlateOriginal★★☆☆☆2026-08-26 15:50
The Bank of Russia set the official dollar exchange rate at 84.282 rubles for August 27, up 18.15 kopecks from the previous figure. The euro rate fell 22.85 kopecks to 98.2897 rubles, while the yuan rate dropped 3.65 kopecks to 12.5294 rubles.
TTASSOriginal★★☆☆☆2026-08-26 15:29
London's FTSE 100 was subdued on Wednesday as falling oil prices weighed on energy stocks and offset broader gains. Investors awaited key U.S. inflation data and Nvidia's quarterly earnings.
RReutersOriginal★★☆☆☆2026-08-26 15:15
Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittances and redemption in South Korea, while developing new AI-powered payment models.
CCoinDeskOriginal★★☆☆☆2026-08-26 15:15
South Korea’s Shinhan will use Visa’s stablecoin platform for initiatives focused on “future finance.” The two companies will also test stablecoins in card payments, AI-based future payment models, and B2B and B2C payment businesses.
Coinbase and Better are expanding access to token-backed mortgages for Coinbase One members, who can now receive a 1% credit toward closing costs.
TThe BlockOriginal★★☆☆☆2026-08-26 15:00
CoinDesk’s Joshua DeVos writes that demand for tokenized equities is surging, with perpetual futures growing from $16 billion to more than $590 billion in a year. But that headline growth obscures the key issue: tokens sharing a ticker can grant very different rights. Whether the underlying structure conveys real ownership or a synthetic claim determines the risks and protections for holders.
CCoinDeskOriginal★★☆☆☆2026-08-26 15:00
The SEC has sent a proposal to change rules governing how investment advisers hold digital assets to the White House for review this week.
TThe BlockOriginal★★★☆☆2026-08-26 14:55
Gazprom CEO Alexey Miller met with Iran’s ambassador to Russia, Kazem Jalali, and National Iranian Gas Company CEO Saeed Tavakoli. The parties discussed potential cooperation in the gas sector.
TTASSOriginal★★☆☆☆2026-08-26 14:54
European underground gas storage facilities are 63.28% full, according to calculations based on Gas Infrastructure Europe data—17.24 percentage points below the five-year average and down from 76% a year earlier. EU facilities hold about 69.2 billion cubic meters, the lowest volume since 2013. Since early April, Europe has injected only 57% of the gas needed for the coming winter, while the EU filling target is 90%.
TTASSOriginal★★★★☆2026-08-26 14:41
Strategy raised $2.0065 billion by selling common shares from Aug. 17 through Aug. 23, but bought no Bitcoin. After repurchasing STRC and adding to its reserve, about $1.5701 billion went into flexible USD Cash that could fund Bitcoin purchases, share buybacks, debt actions or other purposes rather than a committed Bitcoin order.
CCryptoSlateOriginal★★☆☆☆2026-08-26 14:40
The 30th St. Petersburg International Economic Forum will take place on June 16-19, 2027, the Roscongress Foundation said. Anton Kobyakov, executive secretary of the forum’s organizing committee, described SPIEF as a force uniting the global community through trust and a commitment to development.
TTASSOriginal★★☆☆☆2026-08-26 14:09
Data centers draw attention for their heavy water and energy use, but nearby residents are also protesting the constant noise they produce. That has created more work for acousticians.
BBloomberg NewsOriginal★★☆☆☆2026-08-26 14:00
Victory Capital will acquire First Eagle in a $7 billion deal, after the Texas-based investment firm lost out earlier this year in the race to buy Janus Henderson.
FFinancial TimesOriginal★★☆☆☆2026-08-26 13:38
Asset manager Victory Capital said it will acquire rival First Eagle Investments in a deal valued at $7 billion.
A complete ban on trade with Iran could destabilize the global economy, The New York Times reported. Experts said sanctions were unlikely to succeed without cooperation from China and India, Tehran’s key trading partners. Washington has threatened secondary sanctions against countries that refuse to comply with tighter measures.
TTASSOriginal★★★★☆2026-08-26 13:35
The article argues that a new round of US sanctions on Iran would deepen the country’s economic and livelihood difficulties while transmitting disruption through energy, trade, finance and supply chains. It says pressure could shift risks and costs onto US allies, developing countries and global energy markets, with regional economies forced to adjust ties with Iran.
CNN analysis says Scott Bessent’s “Operation Economic Outcast” threatens damaging new sanctions against countries that refuse to stop doing business with Iran, but leaves unnamed the one country that could determine whether the effort succeeds: China.
The United States has announced a new round of economic sanctions against Iran and warned countries and entities trading with Tehran that they could also be punished. The explainer says secondary sanctions expose such partners to US penalties, with Washington relying mainly on access to its market and financial system to enforce the pressure campaign.
Up to 70 vessels are waiting near the Danube’s Sulina Canal to reach Ukrainian ports and load grain for export, Reuters reported. With access to several Ukrainian Black Sea ports restricted, traffic has shifted to lower-capacity Danube facilities. Weather-related closures planned for at least two days could worsen delays; only five to seven vessels are currently passing daily, at a cost of about $8,000 per day for each delayed vessel.
TTASSOriginal★★★☆☆2026-08-26 13:31
The U.S. economy grew at a sluggish 1.5% annualized pace from April through June, while consumer spending remained strong.
TThe Associated PressOriginal★★★☆☆2026-08-26 13:03
New Commerce Department data showed that US consumers cut back on spending in July while inflation remained stubbornly high.
C
CNNOriginal★★★☆☆2026-08-26 13:01
Strategists said investors were approaching Jackson Hole “on the back foot,” as Scott Bessent’s market intervention added to the pressure on Kevin Warsh.
CCNBCOriginal★★☆☆☆2026-08-26 13:00
The available evidence does not support the banks’ case against rewards offered on stablecoins.
CCoinDeskOriginal★★☆☆☆2026-08-26 13:00
European shares were broadly unchanged on Wednesday as investors awaited Nvidia’s earnings report. Oil prices fell as hopes grew that the Strait of Hormuz could reopen soon.
RReutersOriginal★★☆☆☆2026-08-26 12:50
Wall Street is eagerly awaiting Nvidia’s earnings on Wednesday afternoon. Investors are focused less on the chipmaker’s figures than on what they may signal about AI investors and the broader market.
The Financial Times reports that four senior managers at Gazprombank’s Luxembourg branch may have earned more than €9 million through over 50 coordinated trades. They reportedly borrowed at least €17 million from the bank, bought heavily discounted Gazprom bonds in Europe, and exchanged them in Russia for full-value ruble bonds. An EU official said the scheme sounded like sanctions circumvention requiring a criminal investigation. Gazprombank and Dmitry Derkach deny wrongdoing.
MMeduzaOriginal★★★☆☆2026-08-26 12:49
The European Commission said on Wednesday that a proposed €1.42 billion ($1.66 billion) paper joint venture between Finland’s UPM-Kymmene and South Africa-listed Sappi could restrict competition, prompting concern from the EU executive.
RReutersOriginal★★☆☆☆2026-08-26 12:45
Sentiment among Germany’s exporters improved sharply to its strongest level since February 2022, the Ifo Institute said. Government-backed investment and greater use of artificial intelligence helped lift expectations.
RReutersOriginal★★★☆☆2026-08-26 12:40
Treasury yields were broadly unchanged on Tuesday as investors assessed the release of the Federal Reserve’s preferred inflation measure, which was largely in line with expectations.
CCNBCOriginal★★☆☆☆2026-08-26 12:40
XRP has recovered from below $1 and is on track for an August gain of about 32%, its strongest monthly performance in more than a year. U.S. spot XRP ETFs took in roughly $23.87 million on Aug. 25, extending positive flows to nine sessions, while large holders moved billions of XRP through Binance, leaving their accumulation or selling intentions unclear.
CCryptoSlateOriginal★★☆☆☆2026-08-26 12:35
A South Korean fund financed by record tax windfalls from the semiconductor boom will support projects over three to four years rather than recurring outlays such as welfare programs, a presidential official said Wednesday.
RReutersOriginal★★★☆☆2026-08-26 12:15
Saudi Aramco has offered additional oil for September loading outside the Strait of Hormuz, according to four people familiar with the matter. The producer has already sold at least 4 million barrels to China this month.
RReutersOriginal★★★★☆2026-08-26 12:10
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.
