US to revoke authorizations to foreign partners of Venezuela's PDVSA, sources say

By -


from All News https://ift.tt/T4RvmU3
via Financial Mindset

Comments

Post a Comment

Popular posts from this blog

Nvidia earnings beat Wall Street’s sky-high expectations, but the stock is falling because ‘there were no H20 sales to China-based customers’

By -
Nvidia recorded no China sales revenue for H20 chips and just narrowly beat Wall Street estimates as the AI chipmaker reported quarterly earnings Wednesday. Tied up H20 chip inventory intended to be sold to China before U.S. intervention in April was sold elsewhere, the company said. Revenue increased 56% from the same period a year ago to $46.74 billion, exceeding Wall Street’s projection of $46.52 billion, per data compiled by Visible Alpha. Profits came in at $26.4 billion, a 40.8% increase from $18.78 billion last quarter. Nvidia posted diluted earnings per share at $1.08, beating projections of $1.02 for the second quarter. Nvidia’s gross margins grew to 72.4%, up significantly from 61% last quarter. “Production of Blackwell Ultra is ramping at full speed, and demand is extraordinary,” CEO Jensen Huang said of the tech behemoth’s next-generation AI chip, which is used in data centers globally, in the earnings release. “The AI race is on, and Blackwell is the platform at its c...
Read more

Trump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels

By -
President Donald Trump said Friday that he will impose an additional 100% tariff on China and limit U.S. exports of software, escalating the trade war after months of it appearing to ease toward a resolution. The latest salvo came after China restricted its exports of rare earths, which are critical minerals used across industries, from the tech sector to automakers and defense contractors. Late in the afternoon, Trump took to Truth Social to decry Beijing’s “large scale Export Controls on virtually every product they make.” “Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying,” he added. “Also on November 1st, we will impose Export Controls on any and all cr...
Read more

Grab CEO Anthony Tan suggests drivers could upscale to ‘new kinds of jobs’ as the firm prepares to launch robubuses next year

By -
Ride-hailing firm Grab will roll-out robobuses in its home city of Singapore in early 2026, building on its large investment in autonomous vehicle technologies. Grab co-founder and CEO Anthony Tan made the announcement Tuesday during the company’s quarterly earnings, covering the three months ending Sep. 30. “Grab will continue to build new partnerships with more global remote driving and AV leaders, participate in more pilots to understand the operational conditions for different driverless services, and be part of the regulators’ efforts to improve transport connectivity through driverless technologies,” Tan said in prepared remarks.  Grab ran a successful pilot of autonomous vehicles in September, rolled out in partnership with WeRide, a Chinese robotaxi operator . Earlier this year, Grab announced it would make a “strategic equity investment” in WeRide , to be completed in the first half of next year.  Then, in late October, Grab also invested in U.S.-based May Mobilit...
Read more