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Subscribe to enjoy similar stories. “The next industrial revolution has begun." Jensen Huang, chief executive of Nvidia Corp., on the earnings call for the chipmaker’s financial second quarter ended 28 July. A glimpse of this revolution was already visible in Nvidia’s full-year earnings for 2023-24.

US State Department imposed sanctions on China-based firms, for their supply to Pakistan's ballistic missile program under the missile sanctions laws on Thursday. «The Department of State is taking action against five entities and one individual that have been involved in the proliferation of ballistic missiles and controlled missile equipment and technology. Specifically, the Department of State is designating the Beijing Research Institute of Automation for Machine Building Industry (RIAMB) pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery,» State Department spokesperson Matthew Miller said in a press statement. Notably, RIAMB has worked with Pakistan's National Development Complex (NDC), -which the United States assesses is involved in the development and production of Pakistan's long-range ballistic missiles.

Gold prices hovered near an all-time high on Friday, and poised for a weekly gain due to a weaker dollar, while investors focused on U.S. economic data that could offer additional insights into the Federal Reserve's policy decision.

Vladimir Putin said on Thursday that the West would be directly fighting with Russia if it allowed Ukraine to strike Russian territory with Western-made long-range missiles, a move he said would alter the nature and scope of the conflict. Ukrainian President Volodymyr Zelenskiy has been pleading with Kyiv's allies for months to let Ukraine fire Western missiles including long-range U.S. ATACMS and British Storm Shadows deep into Russian territory to limit Moscow's ability to launch attacks. In some of his most hawkish comments on the subject yet, Putin said such a move would drag the countries supplying Kyiv with long-range missiles directly into the war since satellite targeting data and the actual programming of the missiles' flight paths would have to be done by NATO military personnel because Kyiv did not have the capabilities itself.

Federal Reserve to begin policy easing. Stocks fluctuated in the region, with the yen’s rise to around 141 per dollar pressuring those in Japan, an export-oriented economy. Australian and South Korea shares rose, following a fourth day of gains on Wall Street. Hong Kong futures were higher.

Kamala Harris has gained a lead over former President Donald Trump following their recent debate in Philadelphia. A new Reuters/Ipsos poll conducted shortly after the debate shows Harris with 47% support compared to Trump's 42%. The debate featured sharp exchanges and personal attacks. Harris questioned Trump's fitness for office and brought up his legal issues. According to the poll, 53% of voters believe Harris outperformed Trump, while 24% sided with Trump. A CNN flash poll indicated 60% of viewers felt Harris dominated the stage. Pundits have declared Harris the winner of the debate. Reuters reports that Harris «put Trump on the defensive with a barrage of attacks on his record and legal woes,» a view supported by 52% of poll respondents who felt Trump struggled to keep up.

Swiss bank accounts as part of an investigation into allegations of money laundering and securities forgery linked to the Adani Group, dating back as early as 2021, citing newly released Swiss criminal court records. However, the Adani Group has firmly rejected and denied the «baseless allegations» presented in the Hindenburg post. In their response, the Adani Group reiterated that their overseas holding structure is transparent, fully disclosed, and compliant with all relevant laws. They also clarified that they are not involved in any Swiss court proceedings, emphasizing that neither their group companies were mentioned in any such court documents nor have they received any requests for clarification. In a post on X on Thursday, the US short-seller said that the probe, which dates back to 2021, has shed light on financial practices involving opaque offshore entities tied to the Indian conglomerate.

interest rates, Goldman Sachs has jumped on the opportunity of predicting a handful of stocks that could end up giving brilliant returns right after the Fed comes to the implementation stage.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

JP Morgan chief Jamie Dimon, if the US economy heads towards a stagflation. There is a lot of hope of an economic recovery towards the end of the year, after the US markets having facing a downslide over the past few weeks due to various market forces in play, and a fear of an impending recession among US investors.

US elections 2024 has been a topsy-turvy ride for both the Presidential candidates, Donald Trump and Kamala Harris, and even thought the latter joined the poll race a little later, she is also feeling the complete heat of the contest. With just two months to go for the US Presidential Elections 2024, things are still looking very dicey, with predictions of a win spread equivalently on both sides of the camps.

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

People began betting on which political party would win control of Congress in the November elections within minutes of a federal judge’s ruling allowing the bets — the only ones to be legally approved by a U.S. jurisdiction

US Presidential Elections 2024 is currently off the charts and the fact about who the favorite in this election race is, is still unknown, creating severe doubts in the hearts and minds of US investors. Legend has it that the stock markets in the United States hate uncertainty, and a similar condition is being observed in this election season as well, where the slightest development around the US election 2024 is changing the curves of the US markets.

recession in the United States, and the Federal Reserve is trying their best to halt it for as long as possible. Reports suggest that they have gone to the extent of planning an interest rate cut of 50 basis points for stopping the impending recession in its tracks. However, there are multiple other market factors in play, which could bring in a recession or an economic downturn, and the upcoming US elections 2024 could also be one of them.

Last month, the Canadian Bankers Association (CBA) delivered an unusual submission to the House of Commons Standing Committee on Finance.

Kamala Harris has now been accused of donning James Bond-style gear during her latest appearance at the US Presidential Debate 2024, where she was simply outstanding in an open debate against her Republican adversary Donald Trump. It must be interesting to note that she gave Trump the taste of the same medicine that Joe Biden received during his Presidential Debate against Trump.

The U.S. House this week approved a sweeping package of bills to counter China’s influence

The U.S. Consumer Finance Protection Bureau has filed a proposed order to permanently ban Navient from directly servicing federal student loans, which the agency says will end years of abusive lending practices