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Chinese tech giants including Alibaba, Baidu, and Tencent are testing new computer chips for artificial intelligence (AI) after the U.S. has cut off supplies last month of market-leading chips by U.S. producer Nvidia. The companies have about enough Nvidia processors to last through this year, people familiar told the Financial Times. After that, they will......
PUBLISHER’S NOTE: As we have been saying, remember the old saying goes, “You can’t make this shit up.” Another week, and another week of on-again, off-again Trump tariff demands. And now, the word on The Street is that Donald Trump is a TACO—"Trump Always Chickens Out” when it comes to tariffs and him saying what......
AT&T is buying Louisiana-based Lumen Technologies’ fiber optic network for $5.75 billion in cash, the companies announced last week.
Miffed at Europe’s inability to reach a trade agreement, last week Donald Trump floated the idea of a new 50-percent tariff on all products from Europe.
The results of Japan’s 20 May ¥1-trillion bond auction was “dismal,” according to the Financial Times, with so few takers that the yield on long-dated bonds climbed to record heights.
Major asset managers are thinning their holdings of U.S. treasury bonds and notes and deploying more funds into a wider range of choices in other countries, the Financial Times reported.
Charter Communications, which operates the Spectrum brand of digital telecommunications services, has agreed to pay $34.5 billion to merge with Cox Communications.
Ports and ocean freight carriers are bracing for a wave of rushed business after Donald Trump temporarily cut China’s tariff rate from 145 percent to 30 percent for 90 days.
Burberry, purveyor of $390 tank tops and $2,000 handbags, lost £3 million in the fiscal year ending 29 March, compared to a £418-million profit the year before.
In March, China continued reducing its portfolio of U.S. treasury securities, dropping it behind the U.K. as the largest foreign owner of U.S. debt.
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