Microsoft said Monday it has secured export licenses to ship Nvidia chips to the United Arab Emirates in a move that could accelerate the Gulf’s lofty AI ambitions.The tech giant said it is the first company under U.S. President Donald Trump’s administration to secure such licenses from the Commerce Department and that the approval, granted in September, was based on “updated and stringent technology safeguards.”The licenses enable the firm to ship the equivalent of 60,400 additional A100 chips, involving tech darling Nvidia’s more advanced GB300 GPUs.”While the chips are powerful and the numbers are large, more important is their positive impact across…
Author: usaeverydaylife
Loop Capital sees a massive gain ahead for shares of Nvidia . The investment firm maintained its buy rating but hiked its price target for the AI poster child to $350 per share from $250, representing a new upside of 73%. Analyst Ananda Baruah expects Nvidia will double its graphic processing unit shipments over the next 12 to 15 months to 2.1 million by the January quarter of 2026. He added that average selling prices are likely to expand as well. NVDA YTD mountain NVDA YTD chart “Our work suggests we are entering the next ‘Golden Wave’ of Gen AI…
The company logo for Kenvue Inc. Johnson & Johnson’s consumer-health business is displayed during the company’s initial public offering at the New York Stock Exchange on May 4, 2023.Brendan Mcdermid | ReutersKimberly-Clark said on Monday it will buy Tylenol-maker Kenvue in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States.Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark’s shares were down 12.5%.Kenvue has been under a strategic review, leadership shake-up, and mounting litigation risks. It came under fresh scrutiny following President Donald Trump’s comments linking…
In this photo illustration, the logo of semiconductor manufacturer Nexperia is displayed on a screen.Vcg | Visual China Group | Getty ImagesShares of Europe’s biggest carmakers rose on Monday as fears over an industry shortage of semiconductors appeared to recede.China on Saturday said it would consider some exemptions for Nexperia chip exports. It had previously blocked Nexperia semiconductors from leaving the country after the Dutch government seized control of Nexperia, owned by the Chinese company Wingtech.The standoff between the Netherlands and China had prompted automotive groups to raise the alarm over a worsening chip shortage.France’s Renault, Germany’s Mercedes-Benz Group and Milan-listed shares of…
SHANGHAI, CHINA – OCTOBER 16, 2025 – New energy vehicles displayed in Xiaopeng Motors store in Shanghai, China on October 16, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images)Cfoto | Future Publishing | Getty ImagesWhile most Chinese electric vehicle makers have seen ups and downs, Xpeng has built a slow and steady momentum over the last 12 months without a single decline this year – a rare streak in China’s competitive EV market.Xpeng in its all-year round winning streak, delivered 42,013 vehicles. This marks the second time the startup has topped over 40,000 vehicles this year.The latest 40,000…
Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesBill Winters, CEO of Standard Chartered, foresees a future in which nearly all global transactions are conducted on a digital blockchain ledger, he told a crowd in Hong Kong on Monday, as crypto adoption amongst mainstream banking and finance institutions grows. “Our belief, which I think is shared by the leadership of Hong Kong, is that pretty much all transactions will settle on blockchains eventually, and that all money will be digital,” the UK-based multinational bank’s CEO said during a panel at Hong Kong FinTech Week. “Think about what that…
Ryanair Group CEO Michael O’Leary gestures while making a point during a press conference with Eddie Wilson, CEO of Ryanair, and Jason McGuinness, Commercial Director, to talk about the future of the company’s operation in the Portuguese market on July 23, 2024 in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty ImagesRyanair chief executive Michael O’Leary on Monday admonished the U.K. government over its push to raise taxes on passenger flights, warning that the policy will see airlines move planes out of the country.Speaking to CNBC’s “Europe Early Edition” after reporting stronger-than-expected first-half profit, the outspoken CEO described the Labour…
US President Donald Trump and Indian Prime Minister Narendra Modi arrive to hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. Jim Watson | Afp | Getty ImagesDe-escalation in tensions between China and the U.S. after their leaders met in South Korea last Thursday stands in stark contrast to the chill in Washington-New Delhi relations, with India now subject to higher U.S. tariffs than Beijing.Experts said that the strategic relationship between India and U.S. built over two decades has substantially eroded.Atman Trivedi a partner and lead of the South…
Jensen Huang, CEO of Nvidia, reacts during the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | Reuters Traders who shorted the S&P 500 — essentially, betting that it would go down — last month were in for a rude surprise. The broad-based index ended the month 2.3% higher, defying “Octoberphobia,” a term that arose because of the market crashes in 1929 and 1987 that happened during the month.The Nasdaq Composite had an even better month than the S&P 500. The tech-heavy index climbed 4.7%, giving a hint of what helped ward…
Global stock markets are soaring, with U.S. indexes continuing to rally and the Stoxx Europe 600 , FTSE 100 and Spain’s IBEX all hitting record highs last week. But some investors are now warning that a wave of rising risks — from weaker consumer spending to faltering earnings growth and a potential bond market revolt — could bring equities back down to earth with a bump, sooner rather than later. Nicholas Brooks, head of economic and investment research at global alternative asset manager ICG, said the recent slowdown in U.S. hiring could cause consumers to pull back, hitting growth faster…
