Author: Daniel snow
Asia FX, dollar steady ahead of US CPI; China Q2 GDP tops forecast Source link
Nvidia expects to be able to sell H20 chips in China once again after previously forecasting it would lose out on $8 billion in revenue this quarter related to sales restrictions. Source link
Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025.Sarah Meyssonnier | ReutersNvidia announced Tuesday that it hopes to resume sales of its H20 general processing units to clients in China, saying that the U.S. government had assured the company would be granted licenses.Nvidia’s sales of the H20 chips, which had been designed specifically to keep them out of export controls on China, were halted in April.”The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes…
High rise buildings, including the China Zun or CITIC Tower (L, back) is seen at the Central Business Distric (CBD) from the Tuanjiehu park in Beijing on June 2, 2025. Adek Berry | Afp | Getty ImagesChina’s economy grew at a slower clip in the second quarter, as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn, raising pressure on Beijing to step up stimulus to underpin growth.China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National Bureau of Statistics on Monday, slightly beating Reuters-polled economists’ estimates…
Differences between the United States and Brazil must be addressed through negotiation and mutual respect, not punitive measures. Source link
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021. Handout | Via ReutersBlock jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee,…
CNBC’s Jim Cramer on Monday said deal-making in the corporate world is starting to heat up, telling investors to expect more action in the coming months.”You don’t get a wave of deals out of nowhere. You get a ripple, and then ever bigger waves,” he said. “Right now, we’re in the ripple stage. That’s when it’s best to do some buying.”A wave of deal-making doesn’t start out large, Cramer explained, and added that the market isn’t paying attention to some important deals. He brushed off a recent downgrade of deal-making powerhouse Goldman Sachs, adding that mergers are not just good…
Having nurtured conspiracy theories for his entire political career, he suddenly seems in danger of being consumed by one. Source link
There’s a lot to like about exchange-traded funds, but they aren’t all created equal Source link
Trade Desk’s stock is soaring, with the ad-tech company set to replace Ansys in the benchmark index later this week. Source link