President Donald Trump, who recently accused Xi Jinping of working to “conspire” against the United States, hopes to finalize the fate of video-sharing app TikTok and make progress on trade talks in a phone call with the Chinese leader on Friday. “I’m speaking with President Xi, as you know, on Friday, having to do with…
The world’s most valuable company may now be facing another China headache, just days after Beijing deemed the chipmaker to have violated the country’s antitrust legislation. China’s top internet regulator, the Cyberspace Administration of China, has asked the country’s leading tech firms, like Bytedance and Baidu, to stop testing Nvidia’s RTX Pro 6000D, reports the…
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as policymakers still appear divided. In his Jackson Hole speech on Friday, Chairman Jerome Powell opened the door to a rate cut at the central bank’s meeting in September after months of…
Under both the first Trump and Biden administrations, Washington argued that it needed to limit China’s technological development by barring more and more sensitive products from being exported to its strategic rival. Now, Trump’s decision to allow Nvidia and AMD to sell their advanced AI chips to China in exchange for a 15% cut of…
S&P 500 futures were flat this morning as global markets rested at or near their all-time highs. Investors are optimistic the U.S. Federal Reserve will cut rates in September, in part because of President Trump’s appointment of Stephen Miran to the Fed. If the inflation report tomorrow shows a 0.3% gain or less, a rate…
Markets were pointing toward another rally on Sunday evening as investors brace for fresh economic data that will deliver new clues on how much President Donald Trump’s tariffs are impacting inflation. Stocks closed the prior week on a positive note, with the Nasdaq hitting a new closing high and the S&P 500 nearing a return to…
Markets were pointing toward a rebound Sunday evening after startling jobs data delivered a rude awakening to Wall Street bulls. Futures tied to the Dow Jones Industrial Average reversed higher, rising 114 points, or 0.26%. S&P 500 futures were up 0.34%, and Nasdaq futures added 0.38%. The yield on the 10-year Treasury climbed 3.3 basis points to 4.253% after…
The stock market has been on a hot streak lately, notching record high after record high, and some bulls on Wall Street think the party isn’t over. That marks a stunning reversal from the panic that gripped investors in April, when President Donald Trump’s “Liberation Day” tariffs shocked the world. Stocks, Treasury bonds, and the…
Wall Street looks to begin a jam-packed week on a high note as investors cheer the U.S.-EU trade deal that was announced on Sunday. The agreement with America’s biggest trading partner removes a key source of market uncertainty and the threat of a damaging trade war. It also adds to an increasingly bullish narrative as…