Key Points Announcing platforms meant to mobilize more than $500 billion, Nvidia CEO Jensen Huang said: “In AI, compute is revenue.” Nvidia calls its compute fungible, transferable across customers and operators, and continuously improved through CUDA software. The announcement doesn’t say who bears the loss if a compute-backed borrower defaults. 10 stocks we like better…
PARIS – Champions League titleholder Paris Saint-Germain bolstered its star-studded attack by signing World Cup hero Ferran Torres from Barcelona on a five-year contract Saturday. PSG announced the signing in a statement without giving financial details. Sports Daily L’Equipe said the club was paying the Spanish champion 50 million euros ($58 million) for Torres. The…
Hong Kong’s inaugural five-year plan should prioritise the Northern Metropolis mega development, strengthen the city’s position as an international financial centre and advance its artificial intelligence (AI) strategy, major business chambers have said. In submissions for the city’s first five-year plan, groups including the American Chamber of Commerce in Hong Kong (AmCham) and the Federation…
As you’ve no doubt noticed, there’s a lot to read on the internet. Vast numbers of new articles are published every day. There’s still quite a lot of it not being written by AI, too. Trying to keep up with everything can feel exhausting, and that’s where read-it-later apps come in. These apps will queue…
The most recognizable man on the floor of the New York Stock exchange has lived through his share of market calamities, and he’s got some thoughts on what’s going on with the investors’ latest craze. Peter Tuchman is the face of the stock exchange. He’s often said to be one of the most photographed traders…
On Sunday, Arsenal and Manchester City go head to head aiming to win the first piece of silverware of the new English season. The strange thing is that the loser might have more reason to feel optimistic about what comes next. The 2026 Community Shield takes place at Cardiff’s Principality Stadium on August 16, with…
After the House passed its version of Donald Trump’s One Big Beautiful Bill Act (OBBBA) last year – the one that paired a $5tn-plus tax cut with $1tn-plus of cuts from food stamps and Medicaid – the House speaker, Mike Johnson, explained that “this is not giving tax cuts to the millionaires”. The beneficiaries, he…
Aug 15 (Reuters) – Russian troops have taken control of 19 settlements in southeastern Ukraine’s Dnipropetrovsk and Zaporizhzhia regions over their summer campaign, the Russian defence ministry said on Saturday. In a statement, the ministry cited a report by Pyotr Bolgarev, commander of the eastern group of forces. It did not name the settlements. Separately,…
PSG have completed the signing of Spain’s World Cup final hero Ferran Torres from Barcelona for £42.7m. Twitter This content is provided by Twitter, which may be using cookies and other technologies. To show you this content, we need your permission to use cookies. You can use the buttons below to amend your preferences to…
TL;DR: Dollar Index is approaching a critical support level as September Fed hike odds collapse from likely to roughly a two-in-three chance of a hold — not because tightening risk has disappeared, but because weaker jobs and softer consumer demand are limiting how far the Fed can realistically go. Why Dollar Has Looked Increasingly Fragile US Dollar…