Finance

Government bond yields retreated from multi-year highs after Federal Reserve Governor Christopher Waller indicated a preference for keeping interest rates steady during the upcoming September meeting. The 10-year Treasury yield cooled toward 4.75%, alleviating immediate pressures on borrowing costs and borrowing-sensitive equities.

Escalating military friction between the United States and Iran has driven up global energy commodities, with Brent crude moving past $96 per barrel and U.S. benchmark WTI surpassing $92. The recent price surges have reintroduced heightened inflationary concerns for central bank policymakers.

Nvidia announced a major $13 billion deal to acquire the open-source machine learning platform Hugging Face. The strategic transaction, projected to close in 2027, is aimed at boosting open-weight models to maintain a competitive advantage against regional international rivals.