Day: August 27, 2026

Bitcoin steadies near $79k with U.S. regulations, M.East conflict in focus

Abercrombie & Fitch shares surged 36% after a strong Q2 earnings beat and upgraded guidance. Record revenue, robust brand growth, tariff refunds, aggressive buybacks and new partnerships strengthened investor confidence, while Jefferies raised its price target, signaling further potential upside.

Microsoft co-founder Bill Gates has warned that the AI transition could become one of the most turbulent periods in history, with the technology potentially widening inequality. He called for greater preparation for its social, political and economic impact and said he would support credible efforts to slow AI development globally.

NCDEX Turmeric in sharp downtrend at ₹19,546: Live levels

India’s hotel industry is shifting to upscale offerings, bridging luxury and budget categories. Chains like EIH, ITC, and Lemon Tree are expanding mid to upper-upscale brands to meet rising domestic demands, while maintaining a portfolio across various price points to maximize market coverage.

LBSP chief Mayawati welcomed the Uttar Pradesh government’s announcement to provide government jobs to one lakh youth in the next six months, but questioned whether the move was driven by electoral considerations. She urged the government to ensure transparent recruitment without paper leaks or corruption and sought action on the backlog of reserved SC, ST…

Nvidia’s Q2 FY2027 earnings delivered another strong beat, with revenue reaching $96.2 billion, up 106% year-on-year, while Data Centre revenue jumped 117% to $89 billion. The company’s upbeat outlook reinforces the strength of the AI boom, but investors are increasingly focused on margins, supply constraints, AI investment returns and Nvidia’s growing role in financing the…

US software stocks remain volatile as investors weigh AI disruption risks against strong earnings growth. With momentum trading, leveraged ETFs and options amplifying market moves, upcoming results from Salesforce, CrowdStrike and Oracle could offer fresh clues on the sector’s outlook and whether earnings can keep pace with elevated expectations.

China’s mainland stocks rose on Thursday, led by AI, semiconductor and hardware companies after Nvidia delivered an upbeat revenue outlook, reinforcing expectations of strong AI infrastructure demand. The CSI300 and Shanghai Composite gained, while Hong Kong shares traded lower. Gold miners and non-ferrous metal stocks also extended their recent rally.

Indian Railways is set to upgrade seven heavily trafficked routes, transforming them into four-line corridors. This ambitious project targets approximately 11,000 kilometers of high-density track, addressing the rising demands for passenger and freight services. Ultimately, these improvements will contribute to India’s efforts toward sustainable transportation and cost efficiencies, laying the groundwork for substantial future growth…