Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.I-hwa Cheng | Afp | Getty ImagesNvidia CEO Jensen Huang on Friday showered praise on Taiwan Semiconductor Manufacturing Co. on a visit to Taiwan, saying that anybody looking to take a stake in the company would be “very smart.”This comes at a time when the U.S. administration has signaled interest in acquiring stakes in tech companies, especially those in receipt of funding under the U.S. CHIPS Act.Huang, who said the main purpose of his trip to Taiwan was to thank TSMC for…
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TOPSHOT – Russia’s Foreign Minister Sergey Lavrov (R) and India’s Foreign Minister Subrahmanyam Jaishankar enter a hall for their talks at Zinaida Morozova’s Mansion in Moscow on August 21, 2025. Alexander Zemlianichenko | Afp | Getty Images India and Russia agreed Thursday to expand bilateral trade ties, signaling that U.S. tariff pressure on New Delhi over Russian oil purchases is unlikely to derail their partnership.India currently faces additional tariffs of up to 50% on goods shipped to the U.S., after the Trump administration escalated tariff threats in response to its substantial imports of Russian energy.The India-Russia relations had been among…
Friday is Fed Day. That’s when Federal Reserve Chairman Jerome Powell will address the central bank’s annual economic symposium in Jackson Hole, Wyoming. Investors will be listening carefully to Powell for hints on whether central bankers might cut interest rates as many three times before the end of the year, as the market thought was possible a week ago, or whether they will, at best, cut only twice, as the market thinks now after the rather hawkish minutes of the Fed’s July meeting were released Wednesday afternoon. According to the CME FedWatch tool, the base case for the year remains…
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon MuskManuel Orbegozo | Chip Somodevilla | ReutersElon Musk, the world’s richest person, asked Meta CEO Mark Zuckerberg to help him finance a $97.4 billion takeover of OpenAI in early 2025, court filings on Thursday revealed.The filing is part of a legal case between Musk and OpenAI that was initiated last year. The case is proceeding in a federal court in Northern California, and a judge recently said OpenAI can move ahead with counter claims against Musk, who co-founded OpenAI as a non-profit with Sam Altman and others in 2015.When Musk…
The ‘Fast Money’ traders talk expectations of a Fed rate cut and how that is impacting markets. Source link
An Nvidia chip is seen through a magnifying glass in Beijing, China, on August 1, 2025. Vcg | Visual China Group | Getty ImagesNvidia has asked some of its component suppliers to stop production related to its made-for-China H20 general processing units, as Beijing cracks down on the American chip darling, The Information reported Friday. The directive comes weeks after the Chinese government told local tech companies to stop buying the chips due to alleged security concerns, the report said, citing people with knowledge of the matter.Nvidia reportedly as asked Arizona-based Amkor Technology, which handles the advanced packaging of Nvidia’s H20…
Jaque Silva| Nurphoto | Getty ImagesOpenAI’s human resources chief, Julia Villagra, is leaving the company, CNBC has confirmed.It’s the latest high-profile shakeup at the artificial intelligence startup, which is aggressively hiring AI talent as it faces heightened competition from Google, Meta, Anthropic and others.OpenAI CEO Sam Altman announced Villagra’s promotion to the role of chief people officer in March. She joined the company last year and is set to leave on Friday. Reuters was first to report her pending departure, which the company confirmed to CNBC.Villagra’s exit comes just months after longtime Meta executive and former Instacart CEO Fidji Simo…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJens Nordvig, Exante Data CEO and founder, joins ‘Fast Money’ to talk what the currency markets are signaling about investor sentiment.05:224 hours ago Source link
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets traded mixed Friday as investors await U.S. Federal Reserve Chair Jerome Powell’s speech at the central bank’s annual economic symposium, which could offer clues into the path of interest rates.South Korea’s Kospi jumped 1.22% and the small-cap Kosdaq was 0.94% higher.Japan’s benchmark Nikkei 225 slipped 0.1% at the open, while the Topix rose 0.44%.The country’s core inflation rate cooled to 3.1% in July, coming down from 3.3% the month before. The figure —…
Jeffrey Schmid, president and chief executive officer of the Federal Reserve Bank of Kansas City, right, during an interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, U.S., on Wednesday, Aug. 20, 2025.David Paul | Bloomberg | Getty Images Jerome Powell, chair of the U.S. Federal Reserve, will be giving his keynote address at the annual Jackson Hole, Wyoming, gathering of central bankers and economists on Friday stateside.It’ll be one of the most important speeches by a central bank official — even more so than Powell’s press conferences after the Fed’s rate-setting meetings —…
