News
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Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports
Sept 18 (Reuters) - Nvidia NVDA.O has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company's technology, CNBC reported on Thursday.The AI chip giant is paying in cash and stock, CNBC said, citing tw...
Reuters
Fri, Sep 19
Japan's Nikkei extends record run ahead of BOJ decision
TOKYO, Sept 19 (Reuters) - Japan's Nikkei share average continued its winning ways on Friday, rising to a record before an expected hold on policy from the Bank of Japan.The gains in Japan followed another record day on Wall Street after a rate cut by the Federal Reserve, which forecast more eas...Reuters
Fri, Sep 19
Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook
Until Trump, no president had tried to fire a Fed officialLegal battle jeopardizes Fed's longstanding independenceSupreme Court has often backed Trump in emergency rulings By Jan Wolfe and Andrew Chung WASHINGTON, Sept 18 (Reuters) - President Donald Trump's administration asked the U.S. ...Reuters
Fri, Sep 19
Japan's core inflation slows in August, stays above BOJ target
Aug core CPI rises 2.7% yr/yr, matches forecastIndex excluding fresh food, fuel up 3.3% yr/yr in AugustData among factors BOJ will scrutinise at meeting ending FridayBy Leika KiharaTOKYO, Sept 19 (Reuters) - Japan's core consumer prices rose 2.7% in the year to August, data showed on Friday, sta...Reuters
Fri, Sep 19
SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
Vision Fund shifts focus to support AI ambitions of founder Masayoshi SonSon's strategy returns to high-risk, high-reward investmentsSoftBank's AI bets include $9.7 billion in OpenAIBy Krystal Hu Sept 18 (Reuters) - SoftBank Group 9984.T will lay off nearly 20% of its Vision Fund team glo...Reuters
Fri, Sep 19
Pound and gilts fall after shrugging off BoE balancing act
Pound, gilts decline after holding steady post BoE decisionRate and QT decision widely expectedMismatch seen between investor, market rate expectationsBy Jaspreet Kalra, Naomi Rovnick and Canan Sevgili MUMBAI/LONDON, Sept 18 (Reuters) - The pound slipped and gilt yields rose on Thursday, reversinReuters
Fri, Sep 19
Oil prices settle lower, US economic concerns outweigh Fed rate cut
US Fed cuts rates, signals further reductions amid economic concernsKuwait expects increased oil demand post rate cut, especially from AsiaUS oil stockpiles fall, but distillate rise pressures pricesBy Scott DiSavino NEW YORK, Sept 18 (Reuters) - Oil prices eased on Thursday, settling lower as tr...Reuters
Thu, Sep 18
Nvidia takes $5 billion stake in Intel, offers chip tech in new lifeline to struggling chipmaker
Nvidia stake follows big investment from US governmentNvidia's $5 billion investment makes it one of Intel's largest shareholdersIntel-Nvidia partnership poses risk to TSMC, AMDCollaboration aims to enhance AI and computing capabilitiesBy Stephen Nellis, Max A. Cherney, Jeffrey Dastin and Ka...Reuters
Thu, Sep 18
Hyundai Motor to ramp up US output, trims profit margin goal on tariff hit
Hyundai to increase US production in response to tariffsHyundai trims 2025 profit margin target on US tariffsCEO urges US, South Korea to resolve visa issues after Georgia detentionsBy Heekyong Yang and Joyce Lee SEOUL, Sept 18 (Reuters) - Hyundai Motor 005380.KS said on Thursday it aims to produ...Reuters
Thu, Sep 18
Nvidia to Invest $5 Billion in Intel — The Lifeline Could Save Intel but Alienate Its Own Partners
TradingKey - Following the U.S. Trump administration’s “national equity stake” initiative, struggling semiconductor giant Intel (INTC) has received another major boost: Nvidia (NVDA), the global leader in AI chips, will invest $5 billion in Intel — not only buying shares but also entering a
Wall Street set to resume record run after Fed rate cut
LONDON, Sept 18 (Reuters) - Wall Street futures and the dollar nudged higher on Thursday after the Federal Reserve's first interest rate cut of the year, while French politics kept its markets jittery and the pound held its ground after UK rates were left unchanged.Reuters
Thu, Sep 18
China's DeepSeek says its hit AI model cost just $294,000 to train
BEIJING, Sept 18 (Reuters) - Chinese AI developer DeepSeek said it spent $294,000 on training its R1 model, much lower than figures reported for U.S. rivals, in a paper that is likely to reignite debate over Beijing's place in the race to develop artificial intelligence.Reuters
Thu, Sep 18
Cracker Barrel shares slump as logo change blowback dents restaurant traffic
Sept 18 (Reuters) - Cracker Barrel CBRL.O shares fell nearly 10% before the bell on Thursday, after social media backlash around the restaurant chain's short-lived decision to change its decades-old logo hit customer traffic and prompted it to scrap store remodel plans.
Reuters
Thu, Sep 18
GE Healthcare exploring stake sale in China unit, Bloomberg News reports
Sept 18 (Reuters) - Medical device maker GE Healthcare GEHC.O is working with advisers to explore options including the sale of a stake in its China unit, Bloomberg News reported on Thursday, citing people familiar with the matter.A potential transaction may value the assets at several billion dolla...Reuters
Thu, Sep 18
Dollar choppy after Fed decision; pound steady after BoE keeps rates steady
TOKYO/LONDON, Sept 18 (Reuters) - The U.S. dollar was choppy on Thursday as traders parsed the Federal Reserve's measured stance on further interest rate cuts, while sterling held steady as the Bank of England kept rates steady and slowed the pace of its government bond sales.Reuters
Thu, Sep 18
MSCI Emerging Markets Stocks End 9-Day Rally — Blame the Fed’s Lack of Dissent
TradingKey - Emerging market equities' 9-day rally stalled after the September Fed meeting, where the first rate cut of 2025 was delivered as expected. Beyond the fact that the cut was already priced in, the lack of dissenting voices within the FOMC emerged as a surprising headwind.TradingKey
Thu, Sep 18
Huawei Showcases Chip and Computing Ambitions Amid Nvidia's Antitrust Challenges
TradingKey - At Huawei's Connect conference held on September 18, Xu Zhijun, Huawei's Deputy Chairman and Rotating Chairman, unveiled the company's core computing strategy for future artificial intelligence (AI).TradingKey
Thu, Sep 18
The Fed's Rate Cut Surprise: What Does a Lone Dissent Mean?
TradingKey - On Wednesday, September 17, the Federal Reserve announced an interest rate cut of 25 basis points following its September FOMC meeting, in line with market expectations. However, the voting details revealed more than the rate cut itself.TradingKey
Thu, Sep 18
