919 stories · Page 11 of 92
On 27 Aug 2026 multiple outlets reported that Nvidia has reached advanced, though unsigned, terms to purchase open-source AI platform Hugging Face for about $12.9 billion—almost tripling the startup’s 2023 valuation.
Following the 22 Aug 2026 collapse of negotiations, Ottawa matched Washington’s surprise 50 % duties with identical C$27.6 bn counter-tariffs, igniting the most serious U.S.–Canada trade war in nearly a century.
On 26-27 Aug 2026, President Trump signed a proclamation opening a one-time quota for 300,000 metric tons of tariff-free lean beef trimmings to enter the U.S. between 1 Sep and 30 Nov, targeting a 25 % drop in ground-beef prices.
On 26 Aug 2026 Meta capitulated in ongoing litigation, pledging up to $18 billion and locking Instagram/Facebook teen accounts to two hours per day with midnight-to-6 a.m. blocks to resolve nearly all U.S. state claims it engineered youth addiction.
Nvidia’s 26 Aug 2026 after-hours earnings, with consensus revenue near $92 billion and 75% gross margin, is being treated as a make-or-break moment for the AI boom and even the S&P 500, despite data showing the chip giant’s recent beats often knock its own shares lower and move Bitcoin not at all.
On 26 Aug 2026 Ofgem set the October-December retail energy price cap 4 % higher, lifting a ‘typical’ annual dual-fuel bill to £1,723 and triggering loud political calls—led by Scottish First Minister John Swinney—for immediate UK Government support.
Pepeto, an Ethereum-based meme coin, confirmed its presale has exceeded US$10.8 million and said its zero-fee swap/bridge toolkit will go live within days, marking the fastest-funded token raise of the 2026 cycle.
The UK regulator raised the default-tariff price ceiling for England, Scotland and Wales by 4% from 1 October 2026, adding about £60 a year to a ‘typical’ dual-fuel household bill.
A hotter-than-expected 1.0% monthly jump in Australia’s July CPI kept core inflation stuck at 3.6%, prompting interest-rate futures to quickly price in a roughly one-in-three chance that the Reserve Bank of Australia lifts the cash rate again at its 28-29 September meeting.
Kevin Warsh will deliver his maiden Jackson-Hole speech on 28 Aug 2026, days after Treasury Secretary Scott Bessent unexpectedly doubled long-dated Treasury buybacks to arrest 19-year-high yields and calm markets questioning the Fed’s inflation resolve.
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