NVIDIA Earnings Boost Markets as Fed Prepares for Jackson Hole Symposium
NVIDIA's strong earnings report sent shockwaves through global markets, boosting US equity futures and European equity futures. The tech giant reported a 4.7% rise in shares after beating top and bottom lines, with CEO flagging demand acceleration and revenue growth of about 70% in fiscal 2028.
US President Trump's administration unveiled a new proposal to turn highway and rail lines into 'multi-use' utility corridors that could hold critical infrastructure. This move aims to address energy grid vulnerabilities and reduce reliance on foreign equipment, with the President signing an order to ban some foreign gear from US energy grids.
The Fed's Jackson Hole Symposium is set to kick off, with Federal Reserve Chair Powell delivering a keynote address on Friday. The event will focus on global monetary policy challenges and the future of central banking.