According to informed sources, as the search for the new chairperson of the Federal Reserve enters its final weeks, Kevin Hassett, director of the White House National Economic Council, is regarded by President Donald Trump’s advisers and allies as a leading candidate for the position of the next chairperson of the Federal Reserve. Anonymous insiders […]
According to The Information, Meta Platforms Inc. is in talks to spend billions of dollars to purchase Google’s artificial intelligence chips, indicating that the Internet search giant has made progress in creating products to compete with the industry’s best-selling artificial intelligence accelerators. The share price of Nvidia Corporation dropped due to this news. According to […]
US Secretary of State Marco Rubio said that the November 27 deadline set by President Donald Trump for Ukraine to support the US-backed peace plan is not set in stone and could be pushed back to next week, meaning there is still a lot of work to be done. Before Rubio issued his cautious warning, […]
Global stock markets saw selling continue for a fourth day as investors sold off riskier assets ahead of Nvidia’s earnings report and a key US jobs report later this week amid concerns over high valuations in technology stocks. The MSCI All Country World Index hovered near a one-month low. Asian stocks fell 1.2%, with technology […]
Nvidia released unexpectedly strong revenue forecasts and dismissed claims of a bubble in the artificial intelligence industry, easing concerns that had spread across the entire technology sector. The world’s most valuable company is expected to report sales of approximately $65 billion for the January quarter, about $3 billion higher than analysts’ forecasts. Nvidia also said […]
Some policy makers at the Federal Reserve have stepped up their warnings that the inflation process may slow down or stall, casting doubt on the prospect of another rate cut in December and exposing the deepening rift within the central bank. Officials generally believe that the labor market has cooled down, but they are divided […]
Bitcoin is in free fall – traders are bracing for even greater losses. Bitcoin, the world’s largest cryptocurrency, fell below $91,500 on Monday, with the decline intensifying and erasing all gains made so far this year. Traders in the options market are betting on further drops, believing that the sell-off is far from over as […]
The current U.S. government shutdown is now tied for the longest in history. The election results in New York City and other areas on Tuesday are expected to change the political landscape in Washington and may remove one of the obstacles to ending the stalemate. Once the off-year elections, including the gubernatorial races in New […]
Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, said he did not support the US central bank’s last rate cut, but he has not yet decided on the best course of action for the December policy meeting. Kashkari said in an interview with Bloomberg News on Thursday: “The signs we have from some […]
The six-week conflict between President Donald Trump and congressional Democrats, which has led to disruptions in national flights and delays in food aid for millions of people, is expected to end within hours after the House of Representatives passed a temporary funding bill. It may still take several days for the full-scale resumption of operations […]