US factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports. Manufacturing output ticked up 0.1% last month after an upwardly revised 0.3% increase in May, the Federal Reserve said. Economists polled by Reuters had forecast production unchanged after […]
Meta and Amazon Web Services (AWS) have announced a partnership aimed at encouraging more developers to build applications using Meta’s Llama AI model. The initiative will offer 30 US startups six months of technical support from engineers at both companies and $200,000 in AWS cloud computing credits each. This collaboration is expected to be unveiled […]
Large-cap tech stocks, including Nvidia, Meta, Google, and Microsoft, face a critical challenge as they prepare to report their financial results. Investors are expecting strong earnings and optimistic outlooks to justify the significant stock price gains seen over the past three months. High-profile tech companies like Alphabet, Meta, Nvidia, and Microsoft have seen average gains […]
The CEO of Nvidia has downplayed his role in persuading the U.S. government to lift a ban on selling an advanced computer chip to China, emphasizing that it will take time to ramp up production once orders for the AI processor come in. Speaking in Beijing, CEO Jensen Huang expressed optimism about the prospects for […]
U.S. long-bond rates have climbed back above 5% with the June consumer price report showing signs of tariff-related inflation, agitating global bond markets anew in an edgy week for government debt. China’s economy posted robust 5.2% growth in the second quarter, showing its export-heavy model has so far withstood U.S. tariffs. But beneath the headline […]
Giant shovels, driverless trucks, and a dog-like robot have all helped Canada’s oil sands companies, including Imperial Oil and Suncor, become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry enters a downturn due to economic […]
Vietnam’s Ministry of Public Security has acquired a majority stake in FPT Telecom, one of the country’s largest internet providers, from the State Capital Investment Corporation. This move aims to enhance national cybersecurity. Previously, the State Capital Investment Corporation held 50.17% of FPT Telecom, while FPT Corp, Vietnam’s largest private tech company, held a 45.66% […]
Nvidia Stock Hits Fresh Record as AI Chipmaker Set to Resume Sales in China After US Reversal on Ban Nvidia (NVDA) stock surged more than 4% in early trading following the announcement that the AI chipmaker is applying to resume sales of its H20 GPUs in China. This move comes after a US ban that […]
ORLANDO, Florida – The S&P 500 and Nasdaq reached new highs on Tuesday, driven by a surge in Nvidia shares, but closed mixed as investors reacted to rising U.S. inflation, major U.S. financial firms’ earnings, and spiking global bond yields, particularly in Japan. The Nasdaq gained 0.2%, while other U.S. indices fell, with the Russell […]
The Trump administration has indicated it is comfortable with Nvidia selling AI chips to China, provided they are not the company’s top-tier products. Commerce Secretary Howard Lutnick stated on CNBC that the US will retain its best chips domestically, with China receiving what he described as Nvidia’s “fourth best” offering. This decision follows Nvidia’s announcement […]
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