Author: Daniel snow

U.S. lifts chip software curbs on China amid trade truce, Synopsys says

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Synopsys logo is seen displayed on a smartphone with the flag of China in the background. Sopa Images | Lightrocket | Getty ImagesThe U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday. “Synopsys is working to restore access to the recently restricted products in China,” it said in a statement. The U.S. had reportedly told several chip design software companies, including Synopsys, in May that they were required to obtain licenses before exporting goods, such as software and chemicals for semiconductors, to China. The U.S. Commerce Department did not immediately respond to a request for…

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Why Hong Kong is beating Wall Street as the top spot for IPOs

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Robin Zeng, founder and chairman of Contemporary Amperex Technology Co. Ltd. (CATL), third right, strikes a gong as Paul Chan, Hong Kong’s financial secretary, second right, and Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), right, applaud during the CATL listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China, on Tuesday, May 20, 2025. Paul Yeung | Bloomberg | Getty ImagesInvestors and businesses’ enthusiasm for Hong Kong’s equity capital markets is roaring back, as Chinese companies flocked to the city for fundraising, sparking a frenzy in the market that had been forsaken…

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Datadog stock jumps on inclusion in S&P 500 index

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The Datadog stand is being displayed on day one of the AWS Summit Seoul 2024 at the COEX Convention and Exhibition Center in Seoul, South Korea, on May 16, 2024.Chris Jung | Nurphoto | Getty ImagesDatadog shares were up 10% in extended trading on Wednesday after S&P Global said the monitoring software provider will replace Juniper Networks in the S&P 500 U.S. stock index.S&P Global is making the change effective before the beginning of trading on July 9, according to a statement.Computer server maker Hewlett Packard Enterprise, also a constituent of the index, said earlier on Wednesday that it had…

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Jim Cramer on 2 trends moving the market: Trade and dollar weakness

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CNBC’s Jim Cramer on Wednesday discussed a couple broad ideas that he thinks are driving market action, saying it’s important to understand trends and impactful current events.”You know why I first got into this whacky business? Stories, stories that’s why,” Cramer said. “Tremendous, intriguing stories, tales that could explain what’s going to happen — and you could actually make a little money from them. That’s what’s happening right now, and the stories are driving much of this action.”According to Cramer, Wall Street is at “an inflection point.” He said investors can focus on “minutiae,” like job losses in healthcare, moves…

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Tax deductions and Trump’s ‘big beautiful’ bill: Here’s who benefits

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Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham (R-SC), speaks to reporters after the Senate passed President Trump’s reconciliation package on July 1, 2025.Bill Clark | Cq-roll Call, Inc. | Getty ImagesTax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans.Many new tax breaks in the bill — on auto loans, tips and overtime pay, and for older Americans — are structured as tax deductions.How much money you save with tax deductions, which reduce your taxable income, depends…

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