Nvidia (NVDA, Financials) and Advanced Micro Devices (AMD, Financials) will give the U.S. government 15% of revenue from certain AI chip sales to China in return for export licenses, the White House said Tuesday. The agreements cover Nvidia’s China-specific H20 chip and AMD’s equivalent processors, designed to meet U.S. export limits. President Donald Trump negotiated…
Don’t splurge just yet. Rumors spread online Friday that the U.S. government will soon be issuing stimulus checks to taxpayers in certain income brackets. But Congress has not passed legislation to authorize such payments, and, according to the IRS, no new stimulus checks will be distributed in the coming weeks. Here’s a closer look at…
By Shivansh Tiwary and Nathan Gomes (Reuters) -Industrial machinery makers are being battered by steeper costs from U.S. President Donald Trump‘s sweeping tariffs, with sluggish demand and high interest rates leaving little room to pass those expenses onto customers. Caterpillar and Deere, both sector bellwethers, have flagged hefty tariff-related hits this year, most of which…
By Lisandra Paraguassu and Lucinda Elliott BRASILIA/MONTEVIDEO (Reuters) -Brazil is engaged in a “constructive dialogue” with Canada to resume negotiations for a free trade agreement between South America’s Mercosur bloc and Ottawa, the Brazilian Foreign Trade Secretary said. Canadian officials are due to visit Brazil in late August, according to Tatiana Prazeres, Brazil’s Foreign Trade…
(Reuters) -The Dow Jones Industrial Average hit an all-time intraday high on Friday, making it the last of the three major U.S. indexes to clinch a record in Wall Street’s rally fueled by the prospect of a looser monetary policy, easing trade tensions and upbeat corporate earnings. The Dow surpassed the previous peak of 45,073.63…
By Jaspreet Singh (Reuters) -Applied Materials forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers facing uncertainty due to tariffs, sending its shares down nearly 13% in extended trading. President Donald Trump’s ongoing tariff negotiations and certain export restrictions to China have made it more…
HONG KONG (AP) — The final arguments in prominent Hong Kong activist Jimmy Lai’s national security trial were postponed Friday after his lawyer said the former pro-democracy newspaper founder had experienced heart palpitations and the judges wanted him to receive medical treatment first. Lai, the 77-year-old founder of the now-defunct Apple Daily newspaper, was arrested…
(Bloomberg) — Across equity, bond and currency markets, gauges of volatility are slumping to their lowest levels of the year. The Cboe Volatility Index, which measures the expected 30-day volatility for the S&P 500 — and dubbed Wall Street’s fear gauge — just fell to its lowest since December. A similar index for global currencies…
By Dmitry Antonov MOSCOW (Reuters) -Russia said on Wednesday that its stance on ending the war in Ukraine has not changed since President Vladimir Putin set out his conditions last year: the full withdrawal of Kyiv’s forces from key Ukrainian regions and the abandonment of its NATO ambitions. Putin and U.S. President Donald Trump are…
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