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Nvidia’s AI chip sales surged again in latest quarter, but worries about a tech bubble persist

Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading. The results announced Wednesday were hotly anticipated because Nvidia has emerged as key barometer of a two-year-old AI boom that has […]

AUG. 27, 2025

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Brazil’s government says it will buy some domestic products hit by Trump’s tariffs

Brazil’s government said on Monday it will buy several domestic products hit by the 50% higher U.S. tariffs, such as acai, coconut water, mangoes and Brazilian nuts — and that it will pay an “adequate” price for them. Coffee and beef did not make the cut, though they are also affected by the measures imposed by […]

AUG. 25, 2025

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Brazil’s government says it will buy some domestic products hit by Trump’s tariffs

SAO PAULO (AP) — Brazil’s government said on Monday it will buy several domestic products hit by the 50% higher U.S. tariffs, such as acai, coconut water, mangoes and Brazilian nuts — and that it will pay an “adequate” price for them. Coffee and beef did not make the cut, though they are also affected by […]

AUG. 25, 2025

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What to know about China’s new regulations on rare earths

China released new interim measures Friday tightening controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets. The rules released Friday by the Ministry of Industry and Information Technology apply both to rare earths originating in China and those that are sent to China for […]

AUG. 22, 2025

Mortgage Rates
A "For Sale" sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane)
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Average rate on a 30-year mortgage holds steady at lowest level in nearly 10 months

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year […]

AUG. 21, 2025

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US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the […]

AUG. 21, 2025

Tronskifte: Proklamationen på Christiansborg Slotsplads, Dronningen, Kronprinsen
Kong Frederik X og dronning Mary under proklamationen på Christiansborgs Slotsplads i København søndag den 14. januar 2024. Den 31. december 2023 meddelte dronningen, at hun abdicerer den 14. januar og at kronprinsen fra denne dag er Danmarks regent.. (Foto: Bo Amstrup/Ritzau Scanpix)

Ritzau Scanpix

GF Form Import Creation

Federal Reserve Powell
Federal Reserve Chairman Jerome Powell, speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, July 30, 2025, in Washington. (AP Photo/Manuel Balce Ceneta)
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Inflation or jobs: Federal Reserve officials are divided over competing concerns

WASHINGTON (AP) — One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyoming next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring? Weak job gains since April have pushed some officials toward supporting […]

AUG. 14, 2025

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US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement

Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors. The Trump administration halted the sale of advanced computer chips to China in April over national security concerns, but Nvidia and AMD revealed in […]

AUG. 11, 2025

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Trump’s new tariffs go into effect as US economy shows signs of strain

WASHINGTON (AP) — President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products […]

AUG. 8, 2025

Trump Tariffs
A worker stocks products at New India Bazar, where most merchandise is imported from India and Canada, on Wednesday, Aug. 6, 2025, in Fremont, Calif. (AP Photo/Noah Berger)
Spotlights

How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.” Trump’s Wednesday announcement came as India and the U.S. are still negotiating a trade deal that has faced […]

AUG. 7, 2025

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Trump’s planned 100% computer chip tariff sparks confusion among businesses and trading partners

President Donald Trump’s ambiguous plans for 100% tariffs on computer chips that aren’t made in the U.S. are stoking confusion among businesses and trading partners — boosting stocks for leading semiconductor companies while leaving smaller producers scrambling to understand the implications. “We are still waiting for official guidance,” said Limor Fried, founder and engineer at Adafruit Industries, […]

AUG. 7, 2025

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