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US dollar tumbles after Fed cuts rates, Powell comments
The U.S. dollar fell against major peers including the euro, Swiss franc, and Japanese yen on Wednesday after the Federal Reserve lowered interest rates in a widely-expected move, but indicated it will likely pause its easing cycle at the next policy meeting in January.Reuters
Thu, Dec 11
US Stocks Rally After Fed Cuts Interest Rates. Netflix Falls 4%; Palantir Jumps 3%; Micron Rises 4.5%; EchoStar Soars 11%; GE Vernova Surges 16%
Wall Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on further easing down the road even as the central bank signaled that it will put further cuts on pause for now.Tiger News
Thu, Dec 11
Musk hints at possible SpaceX IPO in X post after media reports
Dec 10 (Reuters) - Billionaire Elon Musk on Wednesday hinted at a possible SpaceX initial public offering in a social media exchange with Ars Technica space journalist Eric Berger, following reports of a possible listing of the rocket maker in 2026."As usual, Eric is accurate," Musk said, in...Reuters
Thu, Dec 11
Oil settles higher after US seizes tanker off Venezuela's coast
US seized oil tanker near Venezuela, officials saySeizure adds to concerns about immediate supplies, analysts sayUS Fed cuts interest rates by 25 basis pointsUS crude stocks fell less than expected last week, EIA data showsBy Shariq Khan NEW YORK, Dec 10 (Reuters) - Oil prices settled higher ...Reuters
Wed, Dec 10
WRAPUP 3-Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
Fed reduces policy rate by quarter of a percentage pointThree policymakers dissent on policy decisionPolicymakers see one rate cut in 2026By Howard Schneider WASHINGTON, Dec 10 (Reuters) - The U.S. Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likel...Reuters
Wed, Dec 10
Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries
Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.
Reuters
Wed, Dec 10
New Fed projections to reset economic outlook after volatile year
WASHINGTON, Dec 10 (Reuters) - Federal Reserve officials will issue new economic projections on Wednesday, an endpoint to a volatile year that saw a hoped-for "soft landing" from inflation morph into renewed price pressures due to rising tariffs, the supply of workers constrained by an immigration cReuters
Wed, Dec 10
How Chinese entities are already using Nvidia's powerful H200 AI chips
BEIJING, Dec 10 (Reuters) - U.S. President Donald Trump's move to allow exports to China of Nvidia's second-best artificial intelligence chip, the H200, will spur strong demand from the country's tech giants, research institutes, and its defence-industrial complex.
Reuters
Wed, Dec 10
ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light, sources say
BEIJING/SINGAPORE, Dec 10 (Reuters) - ByteDance and Alibaba 9988.HK have asked Nvidia NVDA.O about buying its powerful H200 AI chip after U.S. President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters.
Reuters
Wed, Dec 10
Taiwan says US yet to announce details for Nvidia H200 chip charge
TAIPEI, Dec 10 (Reuters) - Taiwan's government said on Wednesday that the United States has not yet announced information such as the basis, targets or procedures for collecting the 25% charge for the sale of Nvidia's NVDA.O H200 chip to China. Taiwan's Office of Trade Negotiations, in a...Reuters
Wed, Dec 10
Airbus CEO says Boeing likely to win order race this year
PARIS, Dec 10 (Reuters) - Airbus AIR.PA CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing BA.N on Wednesday, telling France Inter radio that it was possible Boeing would pull ahead for the first time in six years.Airbus remains ahead of its U.S. rival in deliveries a
Reuters
Wed, Dec 10
Markets anxious over Japan's risk of 'negative spiral,' top bank MUFG exec says
TOKYO, Dec 10 (Reuters) - Markets are increasingly worried about Japan's "tail risk" of slipping into a negative spiral, where monetary tightening lags inflation and a weak yen pushes prices higher, the markets chief at top lender Mitsubish...Reuters
Wed, Dec 10
Gold subdued ahead of Fed verdict, silver powers to record high
Silver hits record high of $61.46/ozSilver crossed $60/oz for the first time on TuesdayWhite House adviser Hassett says 'plenty of room' to cut ratesBy Ishaan Arora Dec 10 (Reuters) - Gold edged lower on Wednesday, as investors prepared to parse Federal Reserve Chair Jerome Powell's g...
REFILE-EXCLUSIVE-Nvidia builds location verification tech that could help fight chip smuggling
Tech could help prevent AI chip smuggling to restricted countriesFeature uses GPU telemetry for location verification and fleet monitoringUS lawmakers, White House have called for location verification of AI chipsBy Stephen Nellis and Michael Martina SAN FRANCISCO, Dec 9 (Reuters) - Nvidia NVDA.O...Reuters
Wed, Dec 10
Amazon to invest over $35 billion in India on AI, exports
Dec 10 (Reuters) - Amazon AMZN.O plans to invest more than $35 billion in India by 2030 to expand its operations by boosting artificial intelligence capabilities and increasing exports, the U.S. e-commerce giant said on Wednesday, as global tech firms deepen their presence in Asia's third-larges...Reuters
Wed, Dec 10
Gold inches up ahead of Fed verdict, silver powers to fresh records above $60
Dec 10 (Reuters) - Gold inched higher on Wednesday as investors prepared to parse Federal Reserve Chair Jerome Powell's guidance on the day when the bank is expected to cut interest rates, while silver continued to push its record-breaking run above $60 an ounce.Shares on tenterhooks as Fed cut priced, guidance uncertain
SYDNEY, Dec 10 (Reuters) - Asian shares and Wall Street futures hunkered down on Wednesday as crunch time neared for a divided Federal Reserve policy board, and earnings results threatened to test sky-high valuations in the AI space.Reuters
Wed, Dec 10
US trade deal with Indonesia at risk of collapse, US official says
WASHINGTON, Dec 9 (Reuters) - A U.S. trade agreement reached with Indonesia in July is at risk of collapsing because Jakarta has backtracked on several commitments it made as part of the deal, a U.S. official said on Tuesday."They're reneging on what we agreed to in July,...Reuters
Wed, Dec 10
