Amid escalating trade tensions between the U.S. and China, tech bull Dan Ives thinks the time is “ticking” for trade deals as Wall Street reels from the aftermath of a tug-of-war between the world’s top two economies. What Happened: Nvidia Corp. NVDA finds itself at the center of a geopolitical tug-of-war. The U.S. has imposed new…
Despite growing concerns about renewed trade tensions between Washington and Beijing, one analyst says the drama may be more performative than policy-driven. What Happened: Marko Papic, chief strategist at BCA Research, downplayed the long-term impact of escalating U.S.-China tariff rhetoric, suggesting that the latest threats may be largely symbolic and unlikely to result in sustained…
China has announced a 60 billion yuan (US$8.2 billion) government-aided fund for jump-starting early-stage artificial intelligence projects, consolidating its ambition to dominate the global AI race. The move comes amidst escalating trade tensions with the U.S. and an increasing country-wide push for technological self-sufficiency. What Happened: Zhang Jianhua from the Ministry of Industry and Information…
Last week, Microsoft Corp. MSFT co-founder and philanthropist Bill Gates lamented the growing divide between the U.S. and China, saying it’s blocking access to critical climate and technology innovations. What Happened: In a wide-ranging interview during an Express Adda event, Gates praised China’s leadership in renewable energy, artificial intelligence, and battery technology, while expressing concern…
China is looking to target U.S. tech companies in order to gain leverage in trade negotiations with U.S. President Donald Trump. What To Know: According to the Wall Street Journal, Chinese officials are building a list of U.S. tech companies that can be probed over antitrust concerns, including Nvidia Corp NVDA and Alphabet Inc GOOG….
Tesla Inc. TSLA faces potential headwinds in the U.S. market as data from Europe shows significant sales declines following electric vehicle subsidy removals, raising concerns about the impact of President Donald Trump‘s planned elimination of the $7,500 EV tax credit. What Happened: Gary Black, managing partner of The Future Fund LLC, highlighted on Monday that…
The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…
Tesla Inc. TSLA CEO Elon Musk quipped on X that Microsoft Corp. MSFT co-founder Bill Gates could face bankruptcy if Tesla becomes “the world’s most valuable company by far,” escalating their long-running dispute over Gates’ short position in the electric vehicle maker. What Happened: The statement comes as Tesla’s market capitalization stands at $1.251 trillion,…
Stellantis NV STLA’s struggles in 2024 have been nothing short of profound. The company’s stock has plummeted 47% year to date, nearly halving its market value amid a confluence of negative factors, now further compounded by the departure of the CEO Carlos Tavares. Tavares’ unexpected resignation came more than a year ahead of his planned…
Despite widespread anticipation that NVIDIA Corp. NVDA‘s quarterly results would dictate Wall Street’s year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence of its AI darling. While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia’s stock remained flat for the week….