Investors are preparing for Kevin Warsh’s first speech as chair of the US Federal Reserve at the central bank’s annual economic policy meeting. His comments on the US interest-rate outlook at Friday’s Jackson Hole symposium could offer clues for markets, including stocks and bonds recently pressured by rising Treasury yields.

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Treasury yields edged lower as investors prepared for the release of initial jobless claims data and a closely watched speech by Federal Reserve Chair Kevin Warsh.

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The bond market’s reaction points to waning confidence in US economic leadership. A trade war between the deeply integrated US and Canadian economies once seemed unthinkable, but Donald Trump’s recklessness and unpredictability helped derail negotiations and trigger 50 per cent US tariffs on a broad range of Canadian goods, exposing the vindictive and politicised character of his trade policy.

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Bitcoin held steady above $79,000 on Thursday as spot bitcoin ETFs recorded their eighth consecutive day of net inflows. Altcoins broadly drifted lower.

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Nvidia shares rose 6% in premarket trading after blockbuster earnings strengthened confidence in artificial intelligence.

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Nvidia reported second-quarter revenue of $96.2 billion for the period ended July 26, up 18% from the previous quarter and 106% year on year. The US technology company expects about $108 billion in revenue next quarter, while CEO Jensen Huang pointed to the rapid development of artificial intelligence.

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Asian-Pacific stocks rose at Thursday’s open for a third straight session after Nvidia reported better-than-expected earnings. The result lifted technology hardware makers and renewed investor confidence, despite overnight data showing the Federal Reserve’s preferred US inflation gauge remains elevated.

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Nvidia reported better-than-expected results and said it expects revenue to grow another 70% in fiscal 2028.

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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.

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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.

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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.

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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.

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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.

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Bitcoin’s dip below $78,000 triggered about 80,000 liquidations worth $324.4 million, with long positions accounting for roughly $270 million. After a rally fueled by Treasury developments, ETF inflows and forced short covering, the market now depends more on whether spot and ETF buyers can absorb profit-taking and sustain demand above $80,000.

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Bitcoin slipped to $79,000 on Wednesday after rising 23% over seven days, while August ETF inflows climbed above $3 billion.

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A Wildberries logistics center in Kotovsk, Russia’s Tambov region, was destroyed by fire after a Ukrainian drone strike overnight on August 26, according to Governor Yevgeny Pervyshov. He said 19 drones targeted the site, with 16 shot down and three hitting the building; two people were injured. It was the warehouse’s second reported attack, after a July 18 strike killed seven employees.

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Separate Ukrainian drone strikes across Russia killed at least three people and triggered a major fire at Wildberries’ logistics centre in Kotovsk, Tambov region. Governor Yevgeny Pervyshov said the facility was completely destroyed and one person was injured. Russia’s Defence Ministry said 426 Ukrainian drones were intercepted and destroyed overnight.

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Russia’s Defense Ministry said air defenses intercepted and destroyed 426 Ukrainian fixed-wing drones over several Russian regions overnight. The strikes sparked a fire at a Wildberries logistics center in Kotovsk, Tambov Region, while a drone crash caused a house fire in the Lipetsk Region that killed a man and a 14-year-old child. Others were injured or hospitalized.

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Ukrainian drones hit a private home in Russia’s Lipetsk region, killing a man and a 14-year-old teenager and injuring two women, according to the regional governor. A Wildberries warehouse in Tambov region was also struck and burned across more than 100,000 square meters; employees were evacuated and one person was injured. Claims that an oil refinery in Nizhny Novgorod region caught fire remain unconfirmed by local authorities.

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Canada imposed retaliatory tariffs on roughly $20 billion in US goods, including steel, dairy products, appliances and farm equipment. The sharp escalation threatens one of the world’s largest trading relationships and further strains ties between the longtime allies, while a prolonged dispute could increase costs for US businesses and consumers.

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The breakdown of US-Canada trade talks has brought a wider tariff conflict, with Canada planning 25% to 50% duties on nearly 900 US goods from 8 September, including toilet-paper and tissue stock. Because US paper products rely heavily on Canadian raw materials, the measures could raise consumer prices. The dispute also covers liquor, dairy, seafood, cars and auto parts.

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Canada is moving to match tariff measures imposed by Donald Trump.

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Trade talks between the United States and Canada have collapsed, prompting Ottawa to impose dollar-for-dollar retaliatory tariffs on about US$20 billion in US imports from September 8. The dispute has intensified after Washington imposed comparable tariffs on Canadian goods, with both sides warning of broader economic costs and further escalation.

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Canada retaliates with tariffs on the US as Trump considers imposing additional levies.

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Results pointed to brisk gains in delivery and momentum in newer dining concepts, sending Haidilao stock higher despite falling sales at its main hotpot outlets.

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While sharing advice on finding good towels and affordable alternatives to high-end clothes, Bryce Gruber recently turned to the US-Canada trade war. She warned her social-media followers that some of their favorite makeup products are about to become more expensive.

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After US-Canada trade talks collapsed last week, Washington announced 50% tariffs on hundreds of products. Canada vowed to retaliate dollar for dollar, while the White House threatened further escalation. The article argues that one of the world’s closest trading relationships is nearing a costly breakdown for no intelligible reason. The cause of the failed talks is disputed; Prime Minister Mark Carney said the US made unacceptable demands.

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