Business & Markets — August 24, 2026

Nvidia earnings, Jackson Hole headline the week. Nvidia reports earnings this week in a test of the AI trade. Fed Chair Kevin Warsh delivers his Jackson Hole keynote as bond markets stay jittery.

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Amazon raises device prices. Amazon raised prices on Echo, Kindle, Fire TV, and Eero devices by up to 60%, citing rising memory and storage component costs.

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Shein sets $27 billion IPO valuation. Shein set a $27 billion valuation for its September 1 Hong Kong debut, ending a four-year quest to go public after posting a $99 million quarterly loss.

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U.S.-Canada trade talks collapse. Negotiations broke down Friday and steep new tariffs on both sides took effect over the weekend. Canadian PM Mark Carney said the U.S. "attacked" Canada and announced retaliation.

Axios characterized the rupture as an unprecedented breakdown with America's second-largest trading partner, a description underscoring the volume of commerce now covered by the new duties. According to the outlet, the negotiations fell apart late Friday, and Ottawa's countermeasures mean levies now apply in both directions of the cross-border relationship, with no active negotiating track reported as the measures took hold.

Axios · Read more →