Data storage tapes are stored at the National Energy Research Scientific Computing Center (NERSC) facility at the Lawrence Berkeley National Laboratory, which will house the U.S. supercomputer to be powered by Nvidia’s forthcoming Vera Rubin chips, in Berkeley, California, U.S. May 29, 2025. Manuel Orbegozo | ReutersEurope is setting its sights on gigawatt factories in a bid to bolster its lagging artificial intelligence industry and meet the challenges of a rapidly-changing sector.Buzz around the concept of factories that industrialize manufacturing AI has gained ground in recent months, particularly as Nvidia CEO Jensen Huang stressed the importance of the infrastructure at…
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Nvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week.Chesnot | Getty ImagesNvidia placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week, two sources said, with one of them adding that strong Chinese demand had led the U.S. firm to change its mind about just relying on its existing stockpile.The Trump administration this month allowed Nvidia to resume sales of H20 graphics processing units (GPUs) to China, reversing an effective ban imposed in April designed to keep advanced AI chips out of Chinese hands due to national security concerns.Nvidia developed the H20 specifically for the Chinese market after U.S. export restrictions on its other AI chipsets were imposed in late 2023. The H20 does not have as much computing power as Nvidia’s H100 or…
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.If you need fast access to a new credit card to finance an emergency expense or other large purchase, you can’t wait 10 business days for it to arrive in the mail. Thankfully, some cards give you instant access, which allows you to complete purchases immediately after approval.Below, CNBC Select lists credit cards that offer instant access or the option to pay with the card before you receive the physical card in the mail, including some alternative options to consider if your credit score needs work.Credit cards you can use…
A cargo ship loads and unloads foreign trade containers at Qingdao Port in Qingdao, Shandong Province, China, on July 25, 2025. Nurphoto | Nurphoto | Getty ImagesExports from China to the U.S. could fall by close to a half-trillion dollars ($485 billion) between now and 2027, according to a tariff simulator that forecasts shifts in global trade.Trade talks between the U.S. and China resumed on Monday in Stockholm.Given China’s dominant position in trade with the U.S., that decline will be larger than the total decline in global exports to the U.S. when all nations are factored into the model.The forecast…
An airport control tower is seen at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey.Andres Kudacki | Getty ImagesA U.S. government watchdog said on Monday it will probe the Federal Aviation Administration’s 2024 decision to relocate some Newark air traffic controllers to Philadelphia from New York to address staffing shortages and congested New York City-area airspace.The Transportation Department’s Office of Inspector General is opening the review after two serious communications outages for air traffic controllers overseeing Newark’s airspace in April and May sparked alarm and delayed dozens of flights.The New Jersey airport is one of the main airports serving…
Traders work on the floor of the New York Stock Exchange (NYSE) on July 28, 2025 in New York City.Spencer Platt | Getty Images News | Getty Images Stock markets in the U.S. and Europe didn’t seem that delighted with the U.S.-European Union trade deal reached over the weekend.The S&P 500 ticked up, but by the barest margin, while the Stoxx 600 Europe fell. Both indexes were trading higher during their respective sessions but had given up those gains as the day ended.For those on the continent, perhaps it was a dawning realization that the agreement wasn’t too much in their…
Civil jet airplanes of Singapore Airlines and its subsidiaries — Tigerair, Silkair and Scoot — at Changi International Airport, Singapore.Universal Images Group | Getty ImagesShares of Singapore Airlines (SIA) fell after the carrier reported a 59% decline in earnings for the first quarter of its 2025/2026 financial year.Stock of SIA fell more than 8% and logged the largest intra-day decline since August 2024, data from LSEG showed. It is currently trading 7.11% lower.Net profit fell to 186 million Singapore dollars ($144 million) for the quarter ended June 30, according to the company’s earnings report. The drop was attributed to reduced…
China rolled out on Monday an annual childcare subsidy of 3,600 yuan (about $500) until age three, as authorities look to spur a flagging birth rate with fewer young people choosing to have children.The high cost of childcare and education, as well as job uncertainty and a slowing economy, are among the concerns that have discouraged many young Chinese from getting married and starting a family.Subsidies will start from this year, with partial subsidies for children under three born prior to 2025, in a policy expected to benefit more than 20 million families of toddlers and infants, the official Xinhua news…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyStuart Kaiser, Citi Head of Equity Trading Strategy, joins ‘Fast Money’ to talk Fed policy, market valuations and his latest strategy.04:354 hours ago Source link
CNBC’s Jim Cramer examined Monday’s market action and said he thinks the U.S.’s major trade deals failed to move stocks because investors’ focus is elsewhere this week.”Right now, we’re presuming these tariffs don’t matter,” he said. “What matters is earnings, unemployment, the Fed meeting and — you know what — dead last, tariffs.”The S&P 500 finished up 0.02%, while the Dow Jones Industrial Average lost 0.14% and the Nasdaq Composite closed up 0.33%. Over the weekend, President Donald Trump announced the U.S. reached a trade agreement with the European Union to place a 15% tariff on most European goods. The…
