11:11 | Gold prices rise, Dow Jones sinks 700 points, Walmart's worry, Nvidia chips to China and more
DAY AHEAD IN DATA WATCH
- United Kingdom Retail Sales Data
- France Business Confidence Data
- Turkey Consumer Confidence Data
- France, Germany Manufacturing PMI Data
- India Foreign Exchange Reserves
- Gold prices on track for third weekly gain
Gold is on track for third consecutive weekly gain after the US Treasury’s unexpected ramp-up in buybacks of government debt. Bullion was around $4,530 an ounce and was poised to end this week over 3% up. The US Treasury’s surprise liquidity injection earlier this week sent yields and the dollar lower, boosting bullion.
- Why Walmart’s results have investors so worried: ‘One of the biggest misses in years’
The latest financials from the nation’s largest brick-and-mortar retailer raise a major question for the wider stock market. Walmart is one of the biggest companies in the world, and the retailer is the largest private-sector employer in the USA, making it highly consequential.
- Dow Jones sells off 700 points as bond yields rebound; Walmart sinks on weak results
The impact of the US Treasury Department’s intervention to calm bond yields was short-lived as benchmark indices on Wall Street ended sharply lower on Thursday, August 20 as the same bond yields staged a rebound from lower levels and poor results from large constituents contributed to the weak sentiment.
- Indian coins you’ll never see in your wallet again: How India’s change changed
Long before ₹1 became 100 paise, India’s rupee was divided into 16 annas, 64 pice and 192 pies. From the tiny pie to the distinctive square 5-paise coin, these denominations once changed hands in everyday transactions, while several have since disappeared from circulation. Here’s a look at the coins.
- Raksha Bandhan 2026: Budget-friendly sibling getaways in India for an unforgettable long weekend
Raksha Bandhan is a chance for siblings to take a break from busy routines and spend some quality time together. Instead of limiting the celebration to gifts and rituals, a short trip can turn the occasion into a collection of shared memories.
- Nvidia to ship AI chip for China by year-end: Reports
Several Chinese customers have already ordered the chip, a version of Nvidia’s language processing unit, which uses technology licensed from Groq and works alongside Nvidia’s graphics processors to speed up AI chatbot responses, the report said.
- Succession, Indian edition: How India’s rich families are preparing for a $1.5 trillion wealth transfer
India is set to see $1.3 trillion-$1.5 trillion of wealth change hands between generations over the coming decade, a transition that is expected to increase the focus on succession planning, governance and professional management of family wealth, according to a Julius Baer-EY report.
- One of the most premium Mumbai neighbourhoods is set for a massive overhaul
In 2010-2011, the residents of Tara Apartments in Juhu did what thousands of Mumbai families do every decade — they vacated their homes, trusting a builder’s promise of extra floor-space index (FSI), monthly rent support, and a brand new apartment within two to three years.
- PM Modi asks ministries to break silos, use AI and data better in push for long-term policymaking
Prime Minister Narendra Modi on Thursday, August 20, asked senior government officials to look beyond immediate targets and take a longer-term view of how India’s future should be shaped, while calling for ministries to break departmental silos and make better use of artificial intelligence and government data.
- This Adani Group stock’s earnings can compound at 49%, Morgan Stanley says; Three key risks noted
Adani Green Energy Ltd.’s Earnings Per Share can grow at a Compounded Annual Growth Rate (CAGR) of 49% over financial year 2026-2031 and its Return on Capital Employed (RoCE) can grow at a 14% CAGR by financial year 2031, brokerage firm Morgan Stanley projected while initiating coverage on the stock in its note on Friday, August 21.
- Watch: Humanoid robot ‘throws a tantrum’ at Beijing conference after remote control fails
A humanoid robot became an unexpected attraction at the 2026 World Robot Conference in Beijing after a sudden technical glitch caused the machine to tumble to the floor. The robot then began moving its arms and legs uncontrollably, turning a routine demonstration into an unexpected spectacle for the crowd.