Global TradFi & Macroeconomics

Best Buy reported second-quarter fiscal results that exceeded expectations on Thursday (quarter ended August 1), with comparable sales growth of 4.1% versus prior guidance of 1%, according to CNBC. The company also raised its full-year financial guidance, now expecting revenue between $42.3

Best Buy reported Q2 revenue of $97.8 billion, exceeding the forecast of $95.9 billion. Adjusted earnings per share came in at $1.47, above the expected $1.38. The retailer raised its full-year revenue guidance to $423–$428 billion from the prior range of $412–$421 billion. Same-store sales

According to Citrini, Nvidia stock is expected to reach new highs, with the research firm noting that short sellers financing positions will rapidly cover while benchmark SPX-based long managers adjust positions more slowly. As of premarket trading on Aug 27, Nvidia was quoted at $224.6, up 7.17%, a

According to ChainCatcher, U.S. spot Bitcoin ETFs recorded net inflows of $2.8 billion over eight consecutive trading days through Thursday, with BTC trading near $79,520 and up 1.1% in 24 hours. BlackRock's IBIT accounted for $2.02 billion of the inflows, representing 72% of the total, while

According to Reuters, Brent crude fell to $87.43 per barrel and West Texas Intermediate to $81.86 early Thursday (Aug 27), extending multi-session declines as Iran, Oman and Qatar pursued talks aimed at easing disruptions around the Strait of Hormuz. U.S. distillate inventories declined 2.2

According to The Information, Nvidia is reported to have agreed to buy Hugging Face, the open-source AI model repository, for $12.9 billion today (August 27). However, neither Nvidia nor Hugging Face has confirmed the transaction, and coverage from Business Insider and Bloomberg describes ongoing

According to Vanguard's official announcement today, the $12 trillion asset manager has agreed to acquire Altruist, a custody and technology platform serving over 6,000 independent financial advisers. Axios reported the all-cash deal is valued at $4.6 billion, while The Wall Street Journal put it at

According to Yonhap Infomax, the Bank of Korea announced today (August 27) plans to issue 7 trillion won in monetary stabilization securities. The competitive bidding issuance is set at 6.4 trillion won, while subscription bidding is targeted between 500 billion and 600 billion won. The central

The Bank of Korea raised its base interest rate by 25 basis points to 3.00% on the 27th, marking the second consecutive rate hike. The USD-KRW exchange rate fell to an intraday low of 1,377.30 won following the announcement at 9:50 AM, then recovered to close at 1,380.90 won by 3:30 PM, down 3.90 wo

Hong Kong stocks closed mixed on Thursday (27th), with the Hang Seng Index falling 0.34% to 25,565.74 points, while AI and hard-tech concepts surged amid new model launches and upcoming dual listings. Zhipu AI jumped 12.62% after releasing its open-source GLM-5.3-Flash native multimodal model, and

On August 27 Beijing time, Hong Kong-listed Zhipu (02513.HK) 股价 surged, rising more than 12% at one point during the session. At the close, data from Gate 股票行情 showed that 智谱 had closed at HK$1,160.00, up 12.62%, amid active trading, with a total market cap of approximately HK$540.12 billion. The rise came as the Hang Seng TECH Index remained relatively stable, indicating that market attention to the company had increased significantly. Source: Gate 股票行情 The direct cat

Brazil's rare earth resources have become a focal point in US-China competition, with the country holding the world's second-largest reserves of these strategic minerals. US investors committed $1.6 billion in financing and procurement to Brazil's only commercial rare earth mine, Serra Verde in

A-share and Hong Kong stock regulators clarified their stance on unprofitable company IPO applications on August 27, stating that recent rumors about a complete tightening of such listings are inaccurate. According to sources cited by 21st Century Business Herald, no policy currently exists that

Baidu Group announced on Thursday, August 27, its voluntary conversion from secondary listing status to dual primary listing in Hong Kong, with the transition taking effect on September 1. The conversion allows Baidu to maintain simultaneous primary listing status on both the Hong Kong Stock

According to BlockBeats, on August 27, multiple Wall Street banks raised Nvidia price targets following the company's earnings report, with consensus targets clustering in the $300–$320 range. Morgan Stanley increased its target

A cross-party Japanese parliamentary delegation met with Lu Kang, Vice Minister of the International Liaison Department of the Communist Party of China Central Committee, on the 27th to discuss Taiwan issues and rare earth export controls. The meeting, led by Isao Iijima, Publicity Committee

According to Yonhapinfomax, on August 27, South Korea's central bank raised its benchmark interest rate by 25 basis points to 3.0% from 2.75%, marking a second consecutive rate increase. The dollar-won exchange rate initially fell to 1,377.30 before recovering to 1,380.90 by afternoon (3:30 PM