ECONOMY08/27/26

Nvidia Blockbuster Earnings Boost AI

Nvidia stock jumped 7% after quarterly revenue doubled and the company projected 70% future growth.

Photo: Fox Business

DIFFERENT FOCUS

Axios emphasized AI Trade Vindicated; Fox Business emphasized CEO Transparency On Margins.

LEFT FOCUS

▸The stock initially dipped after the report before surging once CFO Colette Kress delivered the growth projection. — Axios
▸Nvidia is considered a bellwether for the broader AI economy but had recently trailed the wider semiconductor sector in gains. — Axios
▸Kress said the company remains "supply constrained" and could double revenue next year if not for that limit. — Axios

RIGHT FOCUS

▸CEO Jensen Huang said he chose to "rip the Band-Aid off" and reset gross margin expectations openly. — Fox Business
▸Huang said gross margins will settle between 72% and 73%, down from 75%, after absorbing cost increases. — Fox Business
▸Huang addressed reports of potential 15% price hikes while touting Nvidia's roughly 42,000 jobs worldwide. — Fox Business

September CPI Hits 3.7%

September consumer prices rose 0.6% monthly and 3.7% annually, the fastest pace in five months.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Thursday: September CPI confirmed at 3.7% annually, up from 3.6% prior

Left: Rising prices squeeze everyday Americans hardest.

Right: Inflation surge spells trouble for Trump, GOP.

Inflation rose to 3.7% in September, the last CPI report before midterm elections.

DEVELOPING TIMELINE

First Report Oct 14: Economists expect September consumer prices to rise 0.6% monthly and 3.6% year-over-year, driven by energy costs.

Sunday: September CPI report confirms 3.7% annual inflation rate

Left: Prices hit everyday Americans on essentials.

Right: Rising prices spell trouble for Trump's party.

Treasury Department fined Bank of America over $1.2 billion for sanctions and anti-money laundering violations

DEVELOPING TIMELINE

First Report Thursday: The US Treasury fined Bank of America $1.2 billion for anti-money laundering and sanctions violations.

Sunday: Treasury fine now cites Chinese money laundering networks

Left: Third-largest Treasury penalty ever imposed.

Right: Tied to Chinese networks and border criminals.

Trump signs executive order waiving Russia sanctions and tariffs mandated by the Graham Act.

Left: Sanctions targeting Russia's Ukraine war dropped early

Right: Graham Act halted in name of national interest