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US Mulls Requiring Permits for Global Nvidia, AMD AI Chip Sales, Bloomberg Reports
Nvidia has long been the world’s AI kingmaker. Now, the Trump administration is considering taking a formal role in the industry that would include similarly sweeping powers, Bloomberg News reported.
Tiger News
Fri, Mar 6
Ethereum’s Price Dips, But Bitmine Immersion Is Buying More ETH Through Market Chaos
Ethereum may have bounced back above the $2,100 price level once again, but it is still far away from its recent all-time high of $4,900. Even with ETH falling this hard from its recent high, big companies are still adopting the leading altcoin, and Bitmine Immersion is demonstrating this institutio
Bitcoinist
Fri, Mar 6
Dollar set for steepest weekly gain in a year as Iran crisis boosts haven bid
TOKYO, March 6 (Reuters) - The U.S. dollar held broadly steady in early Asian trade on Friday and was poised for its steepest weekly gain in more than a year as the escalating conflict in the Middle East drove demand for safe-haven assets.Reuters
Fri, Mar 6
Marvell projects strong fiscal 2028 revenue on AI-driven data center boom, shares jump
March 5 (Reuters) - Marvell Technology MRVL.O forecast fiscal 2028 revenue above Wall Street estimates on Thursday, signaling robust demand for custom chips and interconnect solutions used in artificial intelligence data centers, sending its shares surging 15% in extended trading.Reuters
Fri, Mar 6
Gold Edges Lower in Early Asian Trade as Inflation and Dollar Suppress Gold’s Safe-Haven Value
TradingKey - During the early Asian session on March 6, spot gold (XAUUSD) maintained a volatile and slightly downward trend, currently trading near $5,074/oz. Meanwhile, spot silver (XAGUSD) edged up 0.21% to $82.07.
Japan's 10-year bond yields rise as Middle East conflict fuels inflation fears
TOKYO, March 6 (Reuters) - The benchmark 10-year Japanese government bond (JGB) yield edged higher on Friday as investors remained on edge over the risk that a prolonged Middle East conflict could stoke inflation by driving up energy costs.Reuters
Fri, Mar 6
Today’s Market Recap: Global Markets Shaken by Oil Spikes and Geopolitics
Geopolitical shifts in the Strait of Hormuz have disrupted global shipping, forcing major powers to coordinate Red Sea security and impacting everything from gold prices to South Korean semiconductor supply chains.
TradingKey
Fri, Mar 6
UAE explores freezing Iranian assets, WSJ reports
March 5 (Reuters) - The United Arab Emirates is weighing freezing billions of dollars of Iranian assets held in the Gulf state, the Wall Street Journal reported on Thursday, citing people familiar with the discussions.Reuters could not immediately confirm the report.Reuters
Fri, Mar 6
Gap flags hit from tariffs, forecasts annual adjusted profit below estimates
March 5 (Reuters) - Gap GAP.N joined a growing list of companies in warning about pressure and uncertainty from U.S. import tariffs and forecast annual adjusted profit largely below Wall Street estimates on Thursday, sending its shares down 7% in extended trading.Reuters
Fri, Mar 6
Trump's tariff refunds may total up to $182 billion, estimates find
WASHINGTON, March 5 (Reuters) - A federal judge on Wednesday ordered the U.S. government to begin paying refunds of President Donald Trump's emergency tariffs that the U.S. Supreme Court deemed illegal in late February. This could ultimately return $168 billion to $182 billion to importers, budg...Reuters
Fri, Mar 6
Venezuela to ensure security of mining companies, exceed oil production goals, US Interior Secretary says
CARACAS, March 5 (Reuters) - U.S. Interior Secretary Doug Burgum said a new mining law in Venezuela will create opportunities for companies, licenses allowing them to operate are on the horizon and the interim government of Delcy Rodriguez has promised to ensure their security, sounding an optimistiReuters
Fri, Mar 6
Gulf states could review investments due to financial strains caused by Iran war, FT reports
March 5 (Reuters) - Gulf states could start to review their overseas investments and future commitments as they consider options to ease the pressure on their budgets following the U.S.-Israeli attacks on Iran, the Financial Times reported on Thursday.A Gulf official told the newspaper the conflictReuters
Fri, Mar 6
Oil settles up around 5% on supply concerns as Iran conflict widens
US-Israeli conflict with Iran disrupts oil supplies, shippingIraq cuts output by 1.5 million bpd due to storage, export issuesAttacks on oil tankers in Gulf, Chinese fuel export cuts push prices higherBy Georgina McCartney HOUSTON, March 5 (Reuters) - Oil prices rallied on Thursday on growing dis...Reuters
Thu, Mar 5
Nvidia halts China-bound H200 output, shifts TSMC capacity to Vera Rubin, FT reports
March 5 (Reuters) - Nvidia NVDA.O has stopped production of its second-most advanced artificial intelligence chips, known as H200 chips, intended for the Chinese market, the Financial Times reported on Thursday.The U.S. chipmaker has reallocated manufacturing capacity at chip contract maker TSMC 233...Reuters
Thu, Mar 5
BREAKINGVIEWS-Novo Nordisk's illness offers painful lessons
By Aimee Donnellan DUBLIN, March 3 (Reuters Breakingviews) - In June 2024, Novo Nordisk NOVOb.CO was the most valuable company in Europe, worth almost $660 billion. Its two weight loss drugs – Ozempic and Wegovy – had become cultural and medical phenomena. The company was even seismic enough to d...Reuters
Thu, Mar 5
Middle East Conflict Remains Unclear, Safe-Haven Sentiment Reverses Gains, Three Major US Stock Index Futures Collectively Turn From Gains to Losses. Gold and Silver Slump at One Point
TradingKey - At 8:30 AM ET, U.S. initial jobless claims for the week ending February 28 were 213,000, compared to an expected 215,000. In pre-market trading, the three major U.S. stock index futures reversed earlier gains to trade lower. Dow Jones futures fell more than 0.5%, S&P 500 futures edged down nearly 0.3%, and Nasdaq 100 futures declined over 0.2%.
Tesla Third-Largest Individual Shareholder Leo KoGuan Adds $180 Million to Nvidia Against the Trend? And Vows to ‘Continue Building Positions in the Future’
TradingKey — Recently, the AI sector has experienced significant volatility driven by risk-off sentiment and concerns over an AI bubble. However, a prominent investor long active in the tech sector has chosen to increase positions against the market trend.TradingKey
Thu, Mar 5
Risk Sentiment Stabilizes, Market Awaits New Data, Three Major US Stock Index Futures Diverge Pre-Market, Some Chinese Concept Stock Data Shine
TradingKey - Pre-market on March 5, Eastern Time, Dow Jones futures weakened slightly, down approximately 0.09%, while S&P 500 and Nasdaq 100 futures edged higher as sentiment in the technology sector remained relatively stable. Index futures saw limited volatility, though market risk appetite remains cautious.TradingKey
Thu, Mar 5
