Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group’s FedWatch tool.
Read More S&P 500, Nasdaq near record highs as rate-cut bets creep up
Tag: U.S. Commerce Department
US and UAE finalise technology framework agreement, source says
The US and UAE have finalized a technology framework agreement during President Donald Trump’s last stop of his three-country Gulf tour
Read More US and UAE finalise technology framework agreement, source says
US Postal Service reports $3.3 billion quarterly net loss
The USPS reported a net loss of $3.3 billion for the three months ending March 31 it continues to hike stamp prices and look at ways to cut costs.
Read More US Postal Service reports $3.3 billion quarterly net loss
Exclusive: Nvidia modifies H20 chip for China to overcome US export controls, sources say
Nvidia plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months.
Read More Exclusive: Nvidia modifies H20 chip for China to overcome US export controls, sources say
US finalizes $7.86 billion chips manufacturing award for Intel
The Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel after the California-based chips maker won a separate $3 billion award from the Pentagon.
Read More US finalizes $7.86 billion chips manufacturing award for Intel
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Chinese universities and research institutes recently obtained high-end Nvidia AI chips through resellers.
Read More China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show