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Nvidia signals roughly 70% FY2028 revenue growth after solid Q2 results

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According to Jin10, Nvidia reported stronger-than-expected results for the second quarter of fiscal 2027 after the U.S. stock market closed on Wednesday, with shares briefly dipping in after-hours trading before later climbing as much as 5%.

Chief Financial Officer Colette Kress told analysts that fiscal 2028 revenue is expected to grow roughly 70%, compared with analysts' earlier estimate of about 44%.

Chief Executive Officer Jensen Huang stressed that the company has never provided guidance a year in advance and noted that demand growth has already exceeded 70%.

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South Africa Intercepts 50 Suspected Parrot Eggs at Johannesburg Airport

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South African authorities intercepted 50 eggs believed to be from endangered parrots at Johannesburg's main airport last Thursday, with reports that some of the eggs have hatched since.

A 50-year-old Thai national was arrested on suspicion of attempting to smuggle the eggs in a homemade incubator bag carried as hand luggage, according to the Department of Forestry, Fisheries and the Environment.

The eggs are being treated at the National Zoological Garden in Pretoria, where they are under intensive care as officials investigate the case.

If convicted, the suspect could face a fine of up to 10 million rand, a prison term of up to 10 years, or both, the department said.

Initial investigations indicate the eggs belong to a parrot species protected under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).

The department said the arrest followed a joint operation involving the Green Scorpions and police, and noted that a 23-year-old Thai citizen was also arrested in July at OR Tambo International Airport over an alleged attempt to smuggle 418 parrot eggs.

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US Diesel Inventories Fall to Seasonal Record Low

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US diesel inventories have fallen to a seasonal record low, according to Bloomberg, as demand season approaches.

The tighter supplies may push diesel prices higher as heating and agricultural activity begins in the coming months.

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Nvidia AI Spending and Revenue Outlook in Focus Ahead of Earnings, Says Mizuho's Rakesh

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Nvidia Corp.'s AI spending trajectory and revenue outlook are expected to be the primary focus as it reports results on Wednesday, according to Bloomberg and comments by Mizuho Securities analyst Vijay Rakesh.

Rakesh noted that investors will closely watch AI spending and revenue guidance. He shared these remarks on Bloomberg Open Interest with Dani Burger and Yahaira Anand.

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Dollar climbs after PCE data, recouping about half of buyback losses

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The dollar rose the most in nearly four weeks, erasing about half of the losses sparked by last week’s surprise move by Treasury Secretary Scott Bessent to back the bond market, according to Bloomberg.

The move came as inflation data reinforced expectations that the Federal Reserve could begin lifting interest rates by the end of the year.

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