Finance
It’s time to move to the sidelines on Microsoft , according to KeyBanc. Analyst Jackson Ader downgraded the “Magnificent Seven” titan to sector weight from overweight and removed his price target for the stock. “It’s been a frustrating time for Microsoft’s stock over the last year or so, and we are taking whatever razor-thin outperformance…
Specialist Gennaro Saporito works on the floor of the New York Stock Exchange, Wednesday, April 16, 2025. Richard Drew/AP/AP hide caption toggle caption Richard Drew/AP/AP NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia chief executive Jensen Huang visited Beijing on Thursday after new curbs from Washington on the US chipmaker’s China sales sent its shares tumbling. According to two people familiar with his travel schedule, Huang met…
BEIJING (Reuters) -Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country. “We hope to continue to cooperate with China,” Huang said in a meeting with Ren Hongbin, head of the China…
U.S. Treasury yields rose on Thursday as investors weighed the state of the U.S. economy after Federal Reserve Chairman Jerome Powell raised concerns about the inflationary and economic growth risks of the White House’s tariffs. At 3:55 a.m. ET, the benchmark 10-year Treasury yield rose around 4 basis point to 4.319%. The 2-year Treasury yield was up over…
BEIJING (Reuters) – Nvidia CEO Jensen Huang arrived in Beijing on Thursday, said Yuyuan Tantian, a social media account associated with Chinese state broadcaster CCTV. Huang arrives at a time when the United States has put new restrictions on China-bound shipments of H20 datacentre GPUs, the only … Source link
New York CNN — US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow tumbled 700 points, or 1.73%. The broader S&P 500 fell 2.24%. The tech-heavy Nasdaq Composite tumbled 3.07%. “The level of the tariff…
Call it a reflex rally, call it a dead cat with a heartbeat — either way, Asia’s walking in green this morning, not bleeding. And that alone tells you something. After a U.S. session that looked like a Powell-led dunk into the stagflation abyss, locals are fading the fear and trading the Tokyo “ Art…
Federal Reserve Chair Jerome Powell expressed concern over achieving the central bank’s dual mandate as tariffs are likely to drive inflation higher while weakening economic growth. His comments added further pressure on US stock markets and the US dollar on Wednesday.View on euronews Source link
Nvidia (NVDA -7.03%) shares fell more than 7% on Wednesday morning, after the company disclosed new export restrictions on its artificial intelligence (AI) chips. Specifically, the company must now obtain licenses from the U.S. government to sell its H20 processors in China. However, Nvidia doesn’t expect those licenses to be forthcoming. The company plans to…