Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, President Donald Trump confirmed at a press conference on Monday.
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US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement
Nvidia, AMD Agree to Pay 15% of China Chip Revenues to US
Nvidia and Advanced Micro Devices have agreed to pay 15% of their China chip revenues to the U.S. government in exchange for export licenses.
China volumes, tariff anxiety helps surging US container imports challenge ’22 record
Imports of containerized cargo through U.S. ports finished just shy of a monthly record in July, headlined by a recovery of China shipments through the busiest American gateways. The post China volumes,
Trump is calling Wall Street’s bluff on tariffs
Trump always chickens out — earlier this year to describe President Donald Trump’s on-again, off-again position on tariffs. Trump liked to impose hefty import taxes but would inevitably back off when markets plunged,
China Rare Earth Group, Ant Group quash reports of joint stablecoin effort with PBOC
China Rare Earth Group, Ant Group, and the People’s Bank of China (PBoC) have come forward to deny rumors that claim they plan to launch a joint effort to …
Stock market today: Dow, S&P 500, Nasdaq waver as Trump reportedly extends China tariff deadline
Wall Street is coming off a week that saw the Nasdaq Composite notch two consecutive records at its end. The S&P 500, meanwhile, just missed a record close on Friday. Tech stocks …
Bitcoin rises above $120,000 ahead of key inflation data: CNBC Crypto World
On today’s episode of CNBC Crypto World, bitcoin retakes the $120,000 level after an overnight rally, while ether jumps above $4,000 for the first time since December 2024. Plus, Chainlink partners …
CDC shooter blames COVID-19 vaccine for making him ‘sick and depressed’
A Georgia man suspected of opening fire on the CDC’s sprawling campus had blamed the COVID-19 vaccine for making him sick and depressed.
COVID-19 Rising in Much of the US, With Highest Numbers in the West, CDC Says
The United States is witnessing a surge in COVID-19 cases this summer, driven by new variants Nimbus and Stratus. Cases are rising in more than 45 states, mostly with kids under 4 years old, who…
Viral Gaza video is an AI fake and South China Sea ship collision assessed
We’re starting they day by assessing footage from the Philippines coast guard that it says shows two vessels from the Chinese navy and coastguard colliding in a disputed area of the South China Sea. The…
US and China reportedly agree to critical extension, preventing tariff surge on the world’s two largest economies
The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately…
Nvidia is willing to pay the US government $3 billion to save its business in China
Nvidia (NVDA) has reportedly cut an unprecedented deal with the Trump administration to save its China business that would entail sharing as much as $3 billion in revenue with the US government for the current…
Tariff Ticker: Clock Winds Down on China-US Tariff Truce
Vice President JD Vance on Sunday hinted that China could face even more tariffs if it can’t commit to halting its purchase of Russian oil.
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