Financial Summary: Friday, February 27, 2026

Concerns are rising over the potential use of gambling prediction markets as intelligence assets that could compromise classified information to U.S. adversaries.

Anthropic CEO Dario Amodei announced the company's refusal to accept the Pentagon's final offer for military use of its AI technology, emphasizing their commitment to ethical AI practices.

The Trump administration is under pressure as a critical deadline approaches for a tariff refund case following a Supreme Court ruling.

U.S. and Iran have concluded nuclear negotiations without reaching a deal, highlighting ongoing tensions regarding Iran's nuclear and missile programs.

China's central bank has eliminated shorting costs to stabilize the yuan amid concerns over its declining value.

The UK Green Party's victory in the Gorton and Denton by-election poses a significant challenge for Labour leader Keir Starmer.

The Pentagon is advancing AI tools for cyber operations against China, collaborating with tech groups to identify vulnerabilities.

Rising electricity demand in the U.S. threatens the country's ambitions in AI technology, potentially impacting its competitiveness against China.

Chinese universities are gaining global recognition due to significant investments, though concerns about research quality and academic freedom remain.

Netflix has canceled its acquisition of Warner Bros. Discovery's assets following a competing offer from Paramount.

Block's shares surged 24% after announcing significant layoffs affecting nearly half of its workforce.

CoreWeave reported a massive revenue backlog of nearly $67 billion, driven by contracts with Meta and OpenAI.

Flutter, the parent company of FanDuel, reported disappointing fourth-quarter earnings with revenue guidance below expectations.

State Farm announced a $5 billion dividend, providing an average refund of $100 to its car insurance customers.

Capillary Technologies' shares fell 35% amid concerns over AI competition and weak Q3 performance.

Tejas Networks shares surged 26% following a major 5G contract with NEC Corporation.

Nintendo plans to sell approximately $1.9 billion in shares to reduce cross-shareholdings, with a potential buyback on the horizon.

Ola Electric's shares have plummeted 84% from their peak due to increased competition and regulatory challenges.

Yotta Data Services is set to build a $2 billion AI hub with Nvidia's GPUs, capitalizing on the growing demand from AI startups.

Indian banks are preparing for increased funding costs amid rising credit demand and liquidity issues.

India's software industry is facing significant disruption as companies adapt to the rapid advancements in AI technology.

The Nifty IT index in India has dropped by 20% due to concerns over AI's impact on traditional IT business models.

Gold prices rose as traders reacted to ongoing U.S.-Iran diplomatic discussions, indicating a shift towards safe-haven assets.

Nvidia's stock declined despite reporting strong earnings, reflecting mixed investor sentiment in the tech sector.

The Indian stock market faced a significant downturn, with the Sensex dropping over 500 points, driven by declines in FMCG and banking stocks.

Domestic institutional investors' equity inflows hit a 10-month low, signaling a potential shift towards precious metals amid market volatility.

Gaudium IVF and Manilam Industries are set to list their shares today, with strong IPO subscription rates indicating robust investor interest.