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Nvidia reports 'off the charts' demand for AI chips
Nvidia reports 'off the charts' demand for AI chips
Business and Economy
by  AFP

Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence. - China sales stalled - Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.

Many US Fed members inclined against December cut: minutes
Many US Fed members inclined against December cut: minutes
Business and Economy
by  AFP

Many US Federal Reserve officials were leaning against another rate cut in December, meeting minutes showed Wednesday, a move sure to infuriate President Donald Trump as he pushes for lower rates. According to the minutes released Wednesday, "participants expressed strongly differing views about what policy decision would most likely be appropriate" in December.