China's Big Tech Snubs NVIDIA's New RTX 6000D Amid High Price Concerns
Two sources familiar with the procurement negotiations revealed that demand for NVIDIA's (NVDA.US) new artificial intelligence chip, the RTX 6000D, specifically designed for the Chinese market, i
16hour ago1.11w
Stocks Edge Higher as Fed Meeting Kicks Off; Retail Sales Beat, AI Productivity Looms Large
U.S. stocks opened slightly higher Tuesday as investors digested fresh retail sales data, a pivotal Federal Reserve policy meeting, and new research underscoring the long-term economic impact of artif
16hour ago1.26w
Oracle Shares Soar as Ongoing Cloud Provider for TikTok, With Deal Set to Close in 30–45 Days
The upcoming commercial agreement for TikTok will bring in both new and existing investors from its Chinese parent company ByteDance, sources told CNBC’s David Faber. The deal, expected to close withi
16hour ago1.25w
Companies Are Ditching Bitcoin-Only Strategies, But It's Causing An $116 Billion Dispute
The traditional conflict between Bitcoin purists and altcoin advocates is escalating into a high-stakes battlefield—corporate balance sheets—amid a surge in corporate digital asset allocation. As comp
16hour ago1.26w
Stocks Ease Ahead of Fed Decision Despite Strong Retail Sales
U.S. stocks slipped Tuesday as investors digested another upside surprise in retail sales, steady small business profitability, and fresh developments on TikTok while awaiting the Federal Reserve’s po
16hour ago1.26w
UK and US Seal $50 Billion AI Pact as Microsoft, Nvidia, and OpenAI Lead Investments
Britain and the United States have agreed to a landmark "Tech Prosperity Deal" aimed at deepening cooperation in artificial intelligence, quantum computing, and civil nuclear energy. The pact coincide
16hour ago1.26w
Nvidia Shares Fall as China Reportedly Tells Tech Firms to Halt Its AI Chip Purchases
Nvidia shares slipped after the Financial Times reported that China’s internet regulator has ordered the country’s largest technology firms to stop purchasing the U.S. chipmaker’s artificial intellige
16hour ago1.26w
Fed's Fragile Autonomy: Cook Defies Ouster, Miran Bolsters Trump's Influence
In the shadowed corridors of power where monetary policy meets political brinkmanship, the Federal Reserve stands at a crossroads. As markets brace for the central bank's pivotal interest-rate de
1 day ago1.54w
Tesla Shares Soar as Musk Buys $1 Billion Stake After 5 Years, Targeting $8.5 Trillion Market Cap Plan
Tesla shares surged more than 7% on Monday, extending last week’s 13% rally, after CEO Elon Musk disclosed a $1 billion stock purchase. The world richest man just bought 2.57 million shares of Tesla i
1 day ago1.54w
TikTok Deal Reached as President Trump Says Trade Talks With China Going 'Very Well'
The U.S. may finally put concerns over TikTok to rest, as President Trump said a deal was reached during the latest U.S.-China trade talks.Donald Trump wrote in a Truth Social post on Monday that nego
1 day ago1.54w
Bank of England Eyes £10k Cap on Stablecoins-Crypto Community Says 'No
The cryptocurrency industry is urging the Bank of England to reconsider its intention to proceed with the "upper limit on individual and corporate stablecoin holdings."As background, the Bank of Engla
1 day ago1.34w
Stocks Open Higher as AI Optimism and Fed Hopes Buoy Markets; Oil Rises, Gold Steady
U.S. stocks edged higher at the open Monday, extending last week’s momentum as optimism around artificial intelligence, easing interest rate expectations, and strength in technology shares continued t
1 day ago1.43w
Tether Is Bringing Compliance—And Competition—To The American Stablecoin Market
Tether, one of the issuers of USDT, has officially announced its entry into the U.S. market with a customized, compliant dollar-pegged stablecoin designed specifically for the American market. This la
1 day ago1.53w
Stocks Advance as Rate-Cut Bets Offset Weak Jobs Data; Trump Urges Fed to Move Faster
U.S. stocks closed higher Monday as investors looked past evidence of a slowing labor market and instead bet on easier monetary policy ahead.The Dow Jones Industrial Average rose 50.03 points, or 0.11
1 day ago1.61w
Financial Week Ahead: Fed's Shadow Looms Large as Meta Ready for Connect Conference
As markets grind toward the midpoint of September, the air crackles with anticipation. The U.S. Federal Reserve's two-day confab, kicking off Tuesday, stands as the undisputed gravitational force
09-151.71w
Trump: I Think We Will Have A Big Cut This Week
The Federal Reserve is set to hold its interest rate meeting. Market consensus suggests that the Fed will implement its first rate cut in nine months at this critical meeting.As the Fed's decisio
09-151.72w
China Says Nvidia Violated Anti-Monopoly Law in Preliminary Probe, Will Require Further Investigation Amid Trade Talks
China’s State Administration for Market Regulation (SAMR) on Monday said that Nvidia has violated the country’s anti-monopoly law following a preliminary investigation, and announced that it will carr
09-151.72w
Stocks End Mixed as Nasdaq Rises; Fed, Consumer Data Loom Over Market
U.S. stocks finished the week on a mixed note Friday, with the Dow Jones Industrial Average falling 273.78 points, or 0.59%, to 45,834.2, while the S&P 500 slipped 3.18 points, or 0.05%, to 6,584.29.
09-151.71w
High Prices, Angry Partners: Why Nvidia Gave Up Cloud Business
Nvidia is gradually exiting its fledgling cloud computing business, which had once placed it in quasi-competition with Amazon AWS.According to The Information, citing people familiar with the matter,
09-151.70w
Stocks Open Mixed as Job Revisions Spur Fed Cut Bets
U.S. stocks opened mixed Friday as investors weighed sharply revised labor market data against fresh signals of corporate resilience. The Dow Jones Industrial Average slipped 49.72 points, or 0.11%, t
09-151.70w
Nvidia and OpenAI Set for Billions of Dollars in UK Data Center Investment Next Week, Further Fueling AI Optimism
Nvidia and OpenAI are preparing to unveil a multibillion-dollar investment in the United Kingdom aimed at strengthening the country’s artificial intelligence infrastructure, according to people famili
09-151.70w
August CPI Preview: 25 or 50bps Cut Next?
The U.S. August CPI will be released, marking the final critical economic data before the Fed’s September policy meeting.Markets expect August CPI to rise 2.9% YoY and 0.3% MoM, both faster than July.
09-122.03w
EU Unlikely to Follow Trump's Call for 100% Tariffs on China, India to Pressure Putin, but Option Not Ruled Out
President Donald Trump asked the European Union to impose tariffs of up to 100% on China and India over their Russian oil purchases have raised concerns on both sides of the Atlantic, with officials v
09-122.03w
U.S. August CPI Rises 2.9%, Matching Expectations
The U.S Consumer Price Index (CPI) rose 2.9% year-on-year in August, in line with expectations. On a month-on-month basis, CPI increased by 0.4%, slightly above the forecast of 0.3%.Excluding energy a
09-122.06w
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