It’s been an eventful week, with vital developments within the tech, finance, and political sectors. Right here’s a fast roundup of the highest tales that made headlines.
Beijing’s Dedication To Counter U.S. Restrictions
Alibaba Group Holding Ltd BABA has launched a brand new AI chip, a transfer that challenges the U.S.-China tech rivalry. This chip goals to cut back China’s reliance on Nvidia Corp NVDA, an organization that has been affected by U.S. export restrictions. Alibaba’s new chip highlights Beijing’s willpower to counter these restrictions with homegrown expertise.
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Powell’s Charge Lower Plans Not Supported By The Bond Market
The Federal Reserve is contemplating a charge minimize in September, however the bond market just isn’t displaying a lot enthusiasm. Macro strategist Jim Bianco, president of Bianco Analysis, has famous that the lengthy finish of the yield curve, notably long-dated Treasuries, just isn’t supportive of those charge cuts. Regardless of Fed Chair Jerome Powell‘s dovish pivot, the bond market, notably the 30-year Treasury yield, has remained largely unaffected.
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See Additionally: Kevin O’Leary Says How Individuals Suppose About Trump Overseas Has Shifted For This Purpose
Trump Administration’s Funding Technique: What’s Subsequent After Intel?
The Trump administration’s funding in Intel Corp INTC may very well be a mannequin for securing strategically very important industries. The White Home is actively in search of extra alternatives to use the “Intel mannequin” to different sectors deemed important to nationwide safety and U.S. financial resilience.
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Protection Shares Surge As Trump Administration Considers Shopping for Into Main Contractors
The Trump administration is considering buying possession stakes in main protection contractors, much like its current transfer with Intel Corp. Commerce Secretary Howard Lutnick recommended that the federal government ought to take into account taking partial possession of firms like Palantir Applied sciences Inc PLTR or Boeing Co BA.
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Cracker Barrel’s Emblem Backlash Leads To Boardroom Drama And CEO Exit Bets
Cracker Barrel Previous Nation Retailer Inc CBRL witnessed a drop in its shares following an organization brand rebrand. The corporate’s assertion on the brand change, coupled with the stress on a Board of Administrators member and predictions of the CEO leaving, has added to the continuing controversy.
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Learn Subsequent: Billionaires ‘Know What They’re Doing,’ Lamborghini CEO Says As Trump Tariff Uncertainty Pauses Luxurious Automotive Orders
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
