Nvidia CEO Jensen Huang has downplayed U.S. fears that his firm’s chips will aid the Chinese military, days ahead of another trip to the country as he attempts to walk a tightrope between Washington and Beijing. In an interview with CNN aired Sunday, Huang said “we don’t have to worry about” China’s military using U.S.-made technology because “they simply can’t rely on it.””It could be limited at any time; not to mention, there’s plenty of computing capacity in China already,” Huang said. “They don’t need Nvidia’s chips, certainly, or American tech stacks in order to build their military,” he added.The comments…
Author: usaeverydaylife
This photograph shows Bitcoin stickers displayed at the microbrewery and bar La Fracasse, in Talence, on the outskirts of Bordeaux, south-western France on June 26, 2025. Christophe Archambault | Afp | Getty ImagesBitcoin extended a rally to rise to a new record above $120,000 Monday, fueled by a rally in bitcoin ETFs.The price of the largest cryptocurrency by market capitalization briefly topped $121,249.90, according to data from Coin Metrics.The rally has seen bitcoin reach new highs amid more inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their biggest day of inflows in 2025 at $1.18 billion.”We believe that…
A cargo ship loads and unloads containers at the Qianwan Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China, on July 10, 2025. Costfoto | Nurphoto | Getty Images China’s exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline.Exports jumped 5.8% in June in U.S. dollar terms from a year earlier, customs data showed Monday, exceeding Reuters’ poll estimates of a 5% jump.Imports rose 1.1% from a year earlier. While missing economists’ expectations of a 1.3% rise, that marked the first time that…
The following is the prepared text from Jim Cramer’s address to members of the CNBC Investing Club at Friday’s third annual meeting from the New York Stock Exchange. It’s time to do something that so many are loath to do, and to do it here because you deserve the truth. The vast majority of my friends, both in and out of business, refuse to allow even a sentence uttered, maybe not even a word, that is positive about President Donald Trump. I get that. There are myriad reasons to dislike the man. I know from my time as a judge…
The Guadalupe River flows past a make-shift memorial, Saturday, on July 12, 2025, in Kerrville, Texas.Eric Gay | AP PhotoMore heavy rains in Texas on Sunday temporarily paused a weeklong search for victims of catastrophic flooding along the Guadalupe River and led to high-water rescues elsewhere as officials warned that the downpours could again cause waterways to surge.It was the first time a new round of severe weather had paused the search since the July Fourth floods, which killed at least 129 people. Authorities believe more than 160 people may still be missing in Kerr County alone, and 10 more…
President Donald Trump participates in a round table event at the Hill Country Youth Event Center to discuss last week’s flash flooding on July 11, 2025 in Kerrville, Texas. Chip Somodevilla | Getty Images No one likes working over the weekend.Unless you are the leader of the free world firing off social media posts — that is, after all, what counts as work for many politicians nowadays —announcing barriers to the free movement of goods.It’s anyone’s guess why U.S. President Donald Trump posted tariff letters to the European Union and Mexico — a steep 30% on goods imported from both…
Singapore’s economy grows 4.3% in second quarter, beating expectationsSingapore’s economy grew at 4.3% year over year in the second quarter of the year, accelerating from 3.9% in the first quarter and beating expectations.The advance figure was higher than the 3.5% forecasted by Reuters.On a quarter-on-quarter basis, Singapore’s GDP grew by 1.4%, a turnaround from the 0.5% contraction last quarter.Read the full story, here.— Lim Hui JieAsia-Pacific markets open mixedAsia-Pacific markets started the day mixed Monday.As of 8.10 a.m. Singapore time, Japan’s Nikkei 225 benchmark lost 0.33% while the broader Topix index ticked down 0.21%.In South Korea, the Kospi index was up 0.22%…
This photo shows the Marina Bay Sands hotels resort and Garden by the Bay domes backdropped with the city skyline in Singapore on June 27, 2025.Roslan Rahman | Afp | Getty ImagesSingapore’s economy grew at 4.3% year over year in the second quarter of the year, accelerating from 4.1% in the first quarter and beating expectations.The advanced estimates were higher than the 3.5% forecasted by economists polled by Reuters.On a quarter-on-quarter basis, Singapore’s GDP grew by 1.4%, a turnaround from the 0.5% contraction last quarter.The GDP growth was led by the manufacturing sector, which expanded 5.5% year over year, up…
Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2025 in New York City. Spencer Platt | Getty ImagesU.S. equity futures slid on Sunday evening as Wall Street contends with continued tariff risks and second-quarter earnings on deck.S&P 500 futures lost 0.4%, while Nasdaq 100 futures dropped 0.5%. Futures for the Dow Jones Industrial Average fell 183 points, or 0.4%.On Saturday, President Donald Trump said the U.S. will impose 30% tariffs on the European Union and Mexico starting Aug. 1. Leaders of the EU and Mexico indicated that they intend to keep talking with…
Chelsea’s Cole Palmer celebrates with the trophy after winning the FIFA Club World Cup.Mike Segar | ReutersEAST RUTHERFORD, N,J. — Cole Palmer scored twice and fed João Pedro for a goal as Chelsea overwhelmed Paris Saint-Germain in the first half and beat the European champions 3-0 on Sunday in the final of the first expanded Club World Cup.Palmer had almost identical left-footed goals from just inside the penalty area in the 22nd and 30th minutes, then sent a through pass that enabled João Pedro to chip goalkeeper Gianluigi Donnarumma in the 43d for his third goal in two starts with…
