Nvidia said in a statement that its exports help alleviate the U.S. trade deficit. ...
Category: News – CNBC
Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Canceled freight vessel sailings from China are up and will ripple through the supply chain as the trade war impact…
Nvidia says it will record $5.5 billion charge tied to H20 processors exported to China
Nvidia will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and…
United Airlines gives two 2025 profit outlooks, calling economy ‘impossible’ to predict
United Airlines said a deterioration in bookings could lead it to lower its 2025 outlook to $7 to $9 a…
Harvard has $2.2 billion in grants frozen by Trump administration after rejecting demands
The Trump administration has zeroed in on colleges in a crackdown on diversity, equity and inclusion programs in the United…
U.S. businesses sue to block Trump tariffs, say trade deficits are not an emergency
The Trump administration's argument is undercut by its imposing tariffs on countries the U.S. does not have a trade deficit…
Trump, top aides fuel tariff confusion by questioning reciprocal exemptions
Financial markets have been whipsawed as the Trump administration alters its tariff plans. ...
Billionaire Ray Dalio: ‘I’m worried about something worse than a recession’
Bridgewater founder Ray Dalio said that he is worried about a breakdown of the global monetary order. ...
Trump exempts phones, computers, chips from new tariffs
Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make…
Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses
Apple's iPhone and other tech got a reprieve from Trump's China tariffs policy, but most businesses will soon face 'irreversible'…
Ex-OpenAI staffers support Musk’s case against startup’s effort to transform into for-profit company
A group of former OpenAI employees is backing Elon Musk's argument that the artificial intelligence startup should not become a…
10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House
The 10-year Treasury yield was higher on Friday as the bond market sell-off resumed, influenced by U.S. President Donald Trump's…