The current U.S. government shutdown is now tied for the longest in history. The election results in New York City and other areas on Tuesday are expected to change the political landscape in Washington and may remove one of the obstacles to ending the stalemate. Once the off-year elections, including the gubernatorial races in New […]
Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, said he did not support the US central bank’s last rate cut, but he has not yet decided on the best course of action for the December policy meeting. Kashkari said in an interview with Bloomberg News on Thursday: “The signs we have from some […]
The six-week conflict between President Donald Trump and congressional Democrats, which has led to disruptions in national flights and delays in food aid for millions of people, is expected to end within hours after the House of Representatives passed a temporary funding bill. It may still take several days for the full-scale resumption of operations […]
As US-China relations swing between escalation and de-escalation, some local officials in the United States are conducting their own diplomatic activities to ensure access to the world’s second-largest market. Out of concern that geopolitical competition could lead to export losses, regional leaders from states including Washington and Oregon have visited China in recent weeks and […]
The Goldman Sachs Group Inc. Retail Favorites Index, which includes a large number of stocks held by non-professional traders, was severely hit by a sell-off triggered by Palantir Technologies Inc.’s disappointing earnings report and a filing showing that a prominent hedge fund manager had made bearish bets on the stock and chipmaker Nvidia Corp. last […]
According to informed sources, the U.S. government shutdown has set a new record for duration. A group of moderate Democratic senators have agreed to support a deal that will reopen the government and provide funding for some departments and agencies for next year. The U.S. government shutdown is about to come to an end. Under […]
The company said at its annual general meeting on Thursday that more than 75% of the votes were in favor of this unprecedented compensation package. This outcome marks the successful conclusion of the weeks-long campaign by the board of directors, CEO and well-known retail investors of this electric vehicle manufacturer to seek support. This compensation […]
The U.S. government shutdown has become the longest in history, and there are no signs of a solution in the short term. The economic losses it has caused are intensifying. The current government shutdown has lasted for 36 days, surpassing the record set in early 2019 during President Trump’s first term. Analysts estimate that for […]
Nvidia CEO Jensen Huang announced a series of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are expected to generate $500 billion in revenue. Huang Renxun said at the company’s press conference in Washington on Tuesday that the Blackwell processor (Nvidia’s flagship AI accelerator) and the newer Rubin model […]
Three Federal Reserve officials said they did not support the decision to cut interest rates this week, confirming Federal Reserve Chair Jerome Powell’s warning on Wednesday that another rate cut in December is far from guaranteed. Dallas Fed President Lorie Logan and Cleveland Fed President Loretta Mester said on Friday that they preferred to keep […]