The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
The easy part for the Federal Reserve this week will be announcing a rate cut when it wraps up its…
Category: Economy
Jensen Huang says Nvidia’s AI chips are now being manufactured in Arizona
Previously, Nvidia's fastest GPUs were solely manufactured in Taiwan. ...
Trump says fentanyl tariff cut, ‘farmers,’ Nvidia chips up for discussion with Xi as China confirms meeting
Trump said he expects to lower fentanyl-linked tariffs on China ahead of a much-anticipated meeting with Chinese Xi Jinping in…
iRobot stock tumbles 33% after Roomba maker warns the search for a buyer has stalled
The Roomba maker's financial condition has worsened since Amazon abandoned its planned acquisition of the company in 2024. ...
Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 11%
The AI200, expected in 2026, and the AI250, planned for 2027, both can come in a system that fills up…
Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says
Tesla Board Chair Robyn Denholm said Elon Musk is key to the future of the EV maker as it focuses…
OpenAI says U.S. needs more power to stay ahead of China in AI: ‘Electrons are the new oil’
OpenAI urged the White House to substantially increase the U.S.' investment in new energy capacity ...
Amazon to announce largest layoffs in company history, source says
The layoffs will amount to the largest cuts to Amazon's corporate workforce in the company's history, according to a person…
Here’s where the economy is starting to show ‘K-shaped’ bifurcation
Americans are increasingly diverging in their spending, with wealthier shoppers flexing their purchasing power while lower-income customers start to pull…