Nvidia still hasn’t finalized deal to kick 15% of some China chip sales back to the US government
Nvidia (NVDA) said Wednesday that the US government has not finalized a recent agreement that would require the AI chipmaker
GLOBAL ECONOMIES
Trump says he’ll fire Fed governor Lisa Cook if she doesn’t resign
President Trump on Friday threatened to fire Federal Reserve Governor Lisa Cook if she doesn’t resign from her position after
Powell set for final Jackson Hole speech as policy, politics raise questions that will outlast his tenure
When Federal Reserve Chair Jerome Powell gives his last speech in Jackson Hole, Wyo., on Friday, investors will be listening
Trump orders India tariff hike to 50% for buying Russian oil
The tariffs would go into effect 21 days after the signing of the order
Trump Announces South Korea Trade Deal with 15% Import Tax
South Korea also agreed to invest $350 billion in the United States in projects selected by Trump and to purchase energy products worth $100 billion.
New Trade talks between China and US held in Sweden
The two countries hope to extend the 90-day pause on triple-digit tariffs negotiated during a meeting in Geneva in May.
Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics
“Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency
Brazil will respond to Trump’s 50% tariff with ‘reciprocity,’ says da Silva
Brazilian President Luiz Inácio Lula da Silva
Trump says rare earths deal ‘done’ with China
“Our deal with China is done, subject to final approval with President Xi and me,” Trump wrote.
World Bank predicts worst decade for global growth since 60s
Trump’s barrage of new tariffs on America’s trading partners to whittle down global economic growth