A U.S. lawmaker plans to introduce legislation to verify the location of AI chips like those made by Nvidia after they are sold.
Read More Exclusive: US lawmaker targets Nvidia chip smuggling to China with new bill
Tag: Commerce Department
US single-family housing starts tumble to an eight-month low in March
U.S. single-family homebuilding plunged to an eight-month low in March and could decline further as tariffs on imported materials raise costs and offset declining mortgage rates.
Read More US single-family housing starts tumble to an eight-month low in March
Pete Marocco, Trump Official Who Oversaw USAID Overhaul, Abruptly Leaves State Department
A Trump appointed official who has helped and oversaw the dismantling of USAID has reportedly abruptly left his post after just less than three months.
Read More Pete Marocco, Trump Official Who Oversaw USAID Overhaul, Abruptly Leaves State Department
Intel CEO invested in hundreds of Chinese companies, some with military ties
Lip-Bu Tan has invested in hundreds of Chinese tech firms, including at least eight with links to the People’s Liberation Army.
Read More Intel CEO invested in hundreds of Chinese companies, some with military ties
Wall Street Posts Biggest Single-Day Gain Since 2008 Following Trump’s Surprise Tariff Reversal
U.S. stocks jumped significantly on Wednesday after President Donald Trump announced a 90-day delay in tariffs for countries that hadn’t imposed reciprocal tariffs.
Read More Wall Street Posts Biggest Single-Day Gain Since 2008 Following Trump’s Surprise Tariff Reversal
US retail sales rebound moderately; underlying trend remains firm
Retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy.
Read More US retail sales rebound moderately; underlying trend remains firm