Wall Street Today: The US benchmark indices like the Dow Jones, Nasdaq Composite, and the S&P 500 opened flat on Monday, 11 August 2025, as US market investors shifted their focus to the Trump tariffs’ deadline on China. The US and China are expected to come to a trade deal before the 12 August 2025…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist World markets got the week off to a subdued start on Monday, although the Nasdaq nudged a new high, as a light earnings and data calendar allowed investors to digest the latest tariff-related news…
Retired admiral says deal for AI chip sales to China could put national security at risk – CBS News Watch CBS News The Trump administration has reached a deal with American chipmakers Nvidia and AMD to sell two semiconductors to China in exchange for a 15% cut of their revenue. Jo Ling Kent reports. Source…
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Buoyant stock markets and an event-free Monday are allowing investors to prep for the three big events of the week: Tuesday’s U.S. consumer inflation report, the China trade deadline and Friday’s U.S.-Russia summit in…
US President Donald Trump said on Monday that he had personally negotiated a deal with Nvidia chief executive Jensen Huang, letting the tech company sell a lower-end chip in China in exchange for part of those sales revenues being paid to the US government. The highly unusual deal was first reported on Sunday by the…
Nvidia (NVDA) has reportedly cut an unprecedented deal with the Trump administration to save its China business that would entail sharing as much as $3 billion in revenue with the US government for the current fiscal year to resume sales of its H20 chips. Multiple media outlets have confirmed with unnamed sources that leading AI…
U.S. chipmakers Nvidia and AMD will pay the U.S. government 15% of revenue generated by sales of their AI chips in China, a White House official confirmed to CBS News. The Financial Times on Sunday reported that the agreement between the tech giants and the U.S. government was reached as a condition for granting export licenses…
Nvidia and AMD have reportedly agreed to pay the U.S. government a 15% cut of their revenue from their specialized chip sales in China, in a deal so unconventional the business world is still reeling. The arrangement, effectively a new kind of “export tax,” is an unprecedented move that ends a months-long blockade and reopens…
Stock futures were steady on Monday, with Wall Street aiming for more record highs. Traders this week are eyeing a key inflation reading, the upcoming summit between President Trump and Russian President Putin, and an unusual sales arrangement between Nvidia (NVDA), AMD (AMD), and the US government. Dow Jones Industrial Average futures (YM=F) rose 0.3%….
Huawei Technologies is set to unveil a technological breakthrough that could reduce China’s reliance on high-bandwidth memory (HBM) chips for running artificial intelligence reasoning models, according to state-run Securities Times. The announcement will take place in collaboration with China UnionPay at the 2025 Financial AI Reasoning Application Landing and Development Forum in Shanghai on Tuesday,…