Nvidia CEO Jensen Huang arrives to attend the opening ceremony of Siliconware Precision Industries Co. (SPIL)’s Tan Ke Plant site in Taichung, Taiwan Jan. 16, 2025. Ann Wang | Reuters Nvidia’s revenue in 2024 more than doubled compared with a year earlier, beating analysts’ expectations. Moreover, the company expects sales in the current quarter will continue to grow at a faster rate than Wall Street’s estimates.Much of that falls upon Nvidia’s new Blackwell artificial intelligence chip, which Big Tech companies are pouring billions into. The chipmaker also downplayed concerns over DeepSeek, saying that more efficient AI models still require plenty of…
Author: usaeverydaylife
European markets are heading for a sharply lower open after U.S. President Donald Trump on Wednesday threatened to impose 25% tariffs on imports from the European Union.The U.K.’s FTSE 100 index is expected to open 17 points lower at 8,700, Germany’s DAX down 156 points at 22,632, France’s CAC 35 points lower at 8,108 and Italy’s FTSE MIB 364 points lower at 38,918, according to data from IG.At Trump’s first Cabinet meeting Wednesday, he said that duties against Canada and Mexico would take effect on April 2 and that his trade war will include a 25% tariff on goods from the EU.”We’ll…
During his first term in office, President Trump described the European Union “as a foe,” established “to hurt the United States on trade.”He repeated the charge at a cabinet meeting on Wednesday, but in more vulgar terms: “The European Union was formed in order to screw the United States. That’s the purpose of it, and they’ve done a good job of it.”Then he said he was preparing to hit Europe with 25 percent tariffs on cars and other goods.After Mr. Trump’s embrace of Russia and his warnings that Europe had better fend for itself, the president’s latest attack added to…
A trader works on the floor at the New York Stock Exchange on Feb. 24, 2025.Brendan Mcdermid | ReutersS&P 500 futures ticked higher early Thursday as investors digested Nvidia’s latest results.Futures tied to the broad market index inched higher. Nasdaq 100 futures added 0.28%. Dow Jones Industrial Average futures added 65 points, or 0.15%.Nvidia shares were slightly lower even after the chip giant exceeded fourth-quarter estimates on the top and bottom lines. The company issued strong guidance, reflecting continued demand driven by the artificial intelligence race. Salesforce slid 5% on disappointing fourth-quarter revenue and light guidance.On Wednesday, stocks came off the…
BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among Nvidia’s competitors for at least three prior years.Nvidia listed Huawei among its competitors in four of five categories, including chips, cloud services, computing processing and networking products.”There’s a fair amount of competition in China,” Nvidia CEO Jensen Huang told CNBC’s Jon Fortt Wednesday.”Huawei, other companies, are…
There are usually no international flights out of the airport in Mae Sot, a town on Thailand’s border with Myanmar. But in recent days, hundreds of people here boarded direct flights back home to China. They had been rescued from Myanmar, where they were ensnared in a 21st-century scourge — online scam mills that have used forced labor to bilk tens of billions of dollars out of victims worldwide.The chartered flights were part of a multinational effort that followed the trafficking last month of a Chinese actor to work in a fraud center, which scared off Chinese tourists from visiting…
BEIJING, CHINA – MARCH 5: A Chinese policeman stands guard outside the Great Hall of the People before the opening ceremony of the National People’s Congress (NPC), or parliament, on March 5, 2005 in Beijing, China. Cancan Chu | Getty Images News | Getty ImagesChina is expected to acknowledge a significant softening in domestic demand next week, while revealing highly anticipated details on fiscal stimulus aimed at shoring up growth in the face of heightened U.S. trade tensions.The country’s annual parliamentary gathering, known as the “Two Sessions,” starts on Tuesday with the Chinese People’s Political Consultative Conference — a top advisory…
John Roberts, chief justice of the U.S. Supreme Court, during the 60th presidential inauguration on Jan. 20, 2025.Chip Somodevilla | Bloomberg | Getty ImagesU.S. Supreme Court Chief Justice John Roberts on Wednesday paused a federal judge’s order requiring President Donald Trump’s administration to pay foreign aid funds to contractors and grant recipients.Roberts issued an interim order placing on hold Washington-based U.S. District Judge Amir Ali’s action that had imposed a deadline of 11:59 p.m. on Wednesday night.Roberts provided no rationale for the order, known as an administrative stay, which will give the court additional time to consider the administration’s more formal request to block Ali’s ruling.Roberts asked for a response from the plaintiffs – organizations that contract with or receive grants…
Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode.Brandon Bell | Getty ImagesMeta apologized on Thursday for a mistake that resulted in some Instagram users reporting a flood of violent and graphic content recommended on their personal “Reels” page. “We are fixing an error that caused some users to see content in their Instagram Reels feed that should not have been recommended. We apologize for the mistake,” a Meta spokesperson said in a statement shared with CNBC. The apology comes after a number of Instagram users took to various social…
The authorities in the western Canadian province of Manitoba said on Wednesday that they had found what could be the remains of two Indigenous women murdered by a serial killer, a possible breakthrough in a case that has devastated local communities and brought to the fore the issue of violence against Indigenous women in Canada.During a search of the Prairie Green Landfill near Winnipeg, the capital of Manitoba, experts “identified potential human remains in the search material,” the provincial government said in a statement.The families of the two victims, Morgan Harris and Marcedes Myran, had been notified and visited the…
