Aug 27 Nvidia’s latest quarter shows signs of AI chip sales slump amid concerns of tech bubble By Michael Liedtke, Associated Press The results announced Wednesday were hotly anticipated because Nvidia has emerged as key barometer of a two-year-old AI boom that has been propelling the stock market to new heights. Continue reading
Aug 27 Trump’s 50% tariffs on India over Russian oil purchases take effect By Rajesh Roy, Associated Press The situation highlights the fragile trade ties between the two allies. U.S. President Donald Trump had initially announced a 25% tariff on Indian goods, but then imposed an additional 25% tariff due to India's purchases of Russian oil. Continue reading
Aug 26 Watch 12:27 How Trump’s attempts to control Federal Reserve board threaten its long-held independence By Amna Nawaz, Winston Wilde, Jackson Hudgins President Trump made it clear he is seeking more control of the Federal Reserve. He said he fired Fed Governor Lisa Cook from the bank's board, but she says she's not leaving and will take the administration to court. At… Continue watching
Aug 26 WATCH: Trump reacts to Fed’s Lisa Cook vowing legal action against firing By Associated Press President Donald Trump said “we have some very good people” in mind to replace Cook if she’s removed. Continue reading
Aug 26 August consumer confidence dips with jobs and tariffs driving most unease By Matt Ott, Associated Press Americans’ view of the U.S. economy declined modestly in August as anxiety over a weakening job market grew for the eighth straight month. Continue reading
Aug 26 WATCH: Trump promises to revive North Carolina furniture industry ‘like magic’ By Associated Press President Donald Trump said Tuesday tariffs are coming on furniture imports to help revitalize the domestic industry in North Carolina and South Carolina. Continue reading
Aug 26 WATCH: Trump celebrates private business job creation while touting federal job cuts By Associated Press President Donald Trump bragged that he had laid off 84,000 federal workers. Continue reading
Aug 26 Wall Street steadies, global markets sink after Trump says he’s firing Federal Reserve governor By Yuri Kageyama, Matt Ott, Associated Press Most markets overseas declined significantly after Trump's announcement that he was firing a Federal Reserve governor. Continue reading
Aug 25 Watch 7:44 Is a bubble forming as AI investments drive economic growth? By Paul Solman, Ryan Connelly Holmes Tech companies are pumping hundreds of billions of dollars on infrastructure to ramp up artificial intelligence. Some projections show the spending may be fueling nearly half of this year’s estimated GDP growth. Economics correspondent Paul Solman looks at how AI… Continue watching
Aug 25 Keurig Dr Pepper to unwind merger after buying Peet’s Coffee for $18 billion By Associated Press Shares of Keurig Dr Pepper fell 7% in early trading Monday. Continue reading