Asian equities followed Wall Street lower as investors cut exposure to technology shares ahead of earnings that may test confidence in the artificial intelligence trade. Gold climbed for a fifth consecutive day.

The MSCI Asia Pacific equities gauge slipped 0.4% with benchmarks in Japan and South Korea falling. Earlier, a selloff in semiconductor giants dragged the Nasdaq 100 Index down nearly 1% on Monday. Nvidia Corp. fell for a seventh straight session — the longest losing streak since 2022. Equity-index futures for US stocks edged lower in early Asian trading.

Elsewhere, global crude oil benchmark Brent was little changed on Tuesday, trading around $92.20 a barrel after US Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran. The commodity fell more than 2% on Monday, snapping a six-day rally.

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Lower energy prices lifted Treasuries on Monday, with the 10-year yield falling four basis points to 4.70%. Gold rose 0.5% to near $4,680 an ounce, hovering around levels last seen in May as the US Treasury’s intervention in the bond market revived concerns about fiscal policy and its impact on the dollar.

Investors are weighing mounting geopolitical risks against a packed week of economic data and corporate earnings, with the outlook for technology shares emerging as a key test for broader risk sentiment. Nvidia’s results on Wednesday will be closely watched for signs that the recent weakness in chipmakers has further to run.
“Details about US economic sanctions on Iran, the Treasury’s attempts to lower long-term yields, and economic data may shape much of the sentiment backdrop,” said Chris Larkin at E*Trade from Morgan Stanley. “But Nvidia and other tech earnings are positioned to be a major weight on the market’s momentum scale.”Investors are also looking for clues on how the US central bank will respond to stubborn inflation when Federal Reserve Chair Kevin Warsh speaks at its annual gathering in Jackson Hole, Wyoming.

With Treasury yields still elevated by sticky inflation and concerns over fiscal deficits, traders are watching for any clear guidance from Warsh on how the Fed might respond over the rest of the year.

Earlier, Treasuries were also supported by a CNBC report that the Treasury Department could tap its cash pile to fund buybacks of higher-yielding older securities in an effort to curb borrowing costs.

Bessent, however, stopped short of signaling any changes to US debt management in a speech Monday following the report.

“We haven’t bought a single bond yet,” Bessent said when asked in a press conference whether he’s going to soon increase the buybacks.

In tariff news, the Canadian dollar was little changed after Canadian ministers were set to announce a response to US tariffs on Tuesday.

Back to the technology sector, Nvidia shares fell 2.9% after the company had notified customers of AI-related price increases on systems shipped early next year.

Nvidia’s results have become an important gauge of the artificial intelligence trade, which has come under pressure in recent months as investors question whether massive spending on the technology will translate into commensurate profits.

“This is a key week for markets with Nvidia’s earnings and the annual Jackson Hole speech, which normally wouldn’t have a link, but Nvidia needs to impress in order to keep one leg of the stock market stable, and Warsh needs to provide clarity on interest rates in order to keep the other leg of the stock market stable,” said Richard Reyle, chief investment officer at Questar Capital Partners.

A newly leaked CAD render of Samsung’s upcoming Galaxy S27 Ultra has revealed a rear camera design that diverges sharply from previous leaks, sparking a wave of negative reaction from fans online even as the conflicting nature of competing leaks underscores just how unsettled Samsung’s final design choice appears to remain.

Well-known tipster Ice Universe shared the alleged CAD render on the social platform X, according to GSMArena, showing a rear camera arrangement that closely resembles the plateau-style camera module Apple introduced with the iPhone 17 Pro. The render depicts two camera sensors positioned in separate individual cutouts, alongside a third camera housed together with the flash in a shared pill-shaped cutout. According to the tipster, that pill-shaped cutout could contain a 5x telephoto camera, which is rumored to replace the 3x telephoto lens found on the current Galaxy S26 Ultra.

The design shown in Ice Universe’s render stands in direct contrast to earlier leaks pointing toward a fundamentally different rear camera layout for the device. Multiple prior reports had suggested Samsung was planning to move away from the separate camera rings that have defined recent Galaxy Ultra models entirely, replacing them with a single, unified horizontal camera island intended to give the phone a cleaner, more streamlined appearance, a design direction that differs substantially from the plateau-style module now shown in Ice Universe’s newly leaked render.

Adding a further layer of uncertainty, separate tipster Sonny Dickson shared two additional CAD renders of the Galaxy S27 Ultra, according to GSMArena. Dickson’s leaked renders suggest Samsung could offer the upcoming Ultra model in two distinct sizes, a potential departure from the single-size approach the company has typically taken with its flagship Ultra device in recent generations.

GSMArena cautioned that these CAD renders should be treated with a degree of skepticism given how directly they contradict earlier leaks pointing toward the horizontal camera module design, illustrating the broader pattern of conflicting information that has characterized much of the Galaxy S27 Ultra rumor cycle so far, more than six months ahead of the device’s anticipated launch.

Reaction from readers to the newly leaked design was swift and overwhelmingly negative. One commenter on GSMArena’s report expressed blunt disapproval, writing, “god no, please I hope this is not real. absolutely atrocious design.” Another reader offered a more pointed comparison, writing, “The renders are a bit like ‘If an iPhone and a Pixel had a retarded child…’” A third commenter drew a comparison to a lesser-known device from a rival manufacturer, writing, “It looks basically identical to the Honor 600, which is probably the second worst iPhone clone, only after the 600 Pro.”

The negative reception to the plateau-style design reflects a broader pattern of skepticism that has followed Samsung’s Galaxy S27 Ultra rumor cycle throughout the year, as leaks have repeatedly shifted between multiple competing camera design concepts without any single direction gaining clear, sustained consensus among tipsters covering the device.

Beyond the camera housing debate, other previously reported leaks have painted a broader picture of what Samsung’s next flagship Ultra device may include. According to earlier reporting on the device, the Galaxy S27 Ultra is expected to feature a 2-nanometer Snapdragon 8 Elite Gen 6 Pro for Galaxy processor, a 5,700-to-5,800 milliamp-hour silicon-carbon battery, and a triple-lens rear camera system built around a 200-megapixel main sensor. Samsung is also reportedly planning to introduce a new Galaxy S27 Pro model positioned between the existing Plus and Ultra tiers, expanding the lineup to four distinct devices for the first time.

Samsung’s camera hardware sourcing for the device has also remained a point of ongoing debate among leakers. While some earlier reports suggested Samsung might adopt Sony’s newly released 200-megapixel LYT-901 sensor for the Ultra’s main camera, prominent leaker Ice Universe has more recently indicated Samsung currently has no plans to use that specific sensor for its next flagship, according to separate reporting from Notebookcheck. Samsung is separately said to be developing its own new 200-megapixel ISOCELL sensor internally, though no leak has definitively confirmed which sensor will ultimately ship inside the production version of the Galaxy S27 Ultra.

The current wave of conflicting CAD renders adds to a broader trend in which Samsung’s design decisions for the device appear to remain genuinely unsettled this far ahead of its expected early-2027 launch, a pattern that has made the Galaxy S27 Ultra rumor cycle notably more volatile and inconsistent compared with some previous Galaxy flagship generations. Whether the plateau-style design shown in Ice Universe’s render, the horizontal unified camera module described in earlier leaks, or an entirely different configuration ultimately makes it into the shipping device remains an open question that industry observers expect will only be fully resolved once Samsung formally unveils the phone.

Given the strength of negative reaction to the newly leaked plateau-style design among GSMArena’s readership, some industry observers may interpret the backlash as an early signal of how a similar design choice could be received more broadly if Samsung ultimately moves forward with that camera layout for the production Galaxy S27 Ultra. As with all pre-announcement smartphone leaks, however, the specific design details shown across these various CAD renders remain unconfirmed by Samsung directly and are subject to change as the company continues finalizing its plans ahead of the device’s eventual official unveiling, expected sometime in the first quarter of 2027.

Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash.

The costume was sold as the “Kids’ Glows Under ‌Blacklight Circus Clown Halloween Costume,” according to the since-deleted listing. The costume was sold as part of the retailer’s seasonal Hyde and EEK Boutique brand.

Target removed the “offensive” costume and said that it should never have been featured in its stores.

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“As a company, we know we got this wrong, and we are deeply sorry. The costume is offensive and should never have been part of our assortment. It is no longer available for sale,” company spokesperson Brian Harper-Tibaldo said in a statement to FOX Business.

“We know this is especially hurtful for our Black guests, team members and partners. Removing the costume is an important first step, and the company is looking closely at how this happened and what needs to change to ensure this won’t happen again,” he continued.

The move to pull the costume comes after social media backlash in which critics accused the Minneapolis-based retailer of selling racist merchandise.

“You really don’t have anyone left in Minneapolis to say, ‘Hey, that’s racist’? Y’all cut DEI and now you’ve got a minstrel clown costume for kids on your website,” one user said on Threads.

This comes on the heels of several reputational hits for the retailer that have hurt sales in recent years, including Target’s handling of its Pride Collection in 2023 and its rollback of diversity, equity and inclusion initiatives after President Donald Trump returned to the White House.

POPULAR PRODUCT SOLD AT TARGET RECALLED DUE TO CONTAMINATION CONCERNS

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Target joined a broad corporate effort to scale back diversity initiatives after Trump issued a series of executive orders aimed at rooting out DEI.

The retailer scaled back initiatives aimed at increasing representation of Black employees and supporting Black-owned businesses and suppliers, saying it needed to stay in step with “the evolving external landscape.” The reversal drew backlash from some Black consumers and business owners who had supported or benefited from Target’s diversity efforts.

It’s not often that India’s stock markets disappoint investors for a long stretch. The benchmark indices have yielded negative returns not just over the past one year, but also over a two-year time frame. In 2026, the Sensex has ended 37% of its trading days with two-year returns in red, the worst showing since 2012, shows an ET analysis. It’s now 697 days, and counting, since the indices struck anew all-time high. Tanay Sukumar looks at the data:

Read more: US stocks today: S&P 500, Nasdaq decline as tech sector falls, US prepares to impose more Iran sanctions