Futures are mostly flat after Trump greenlights Nvidia chip sales to China: Live updates
Market Update on Stock Futures and Nvidia’s Surge Stock futures remained relatively steady on Monday evening, despite Nvidia shares climbing significantly following President Trump’s approval for the sale of H200 chips to China, which includes a notable cut for the U.S. government. Futures associated with the Dow Jones Industrial Average were just below even, whereas […]
Trump approves Nvidia’s shipment of advanced AI chips to China
Trump Approves Nvidia Chip Exports to China On Monday, President Trump announced that the U.S. government will permit the export of Nvidia’s H200 artificial intelligence chips to China, with a fee applied to each chip sold. Following Trump’s statement on Truth Social, Nvidia, considered the most valuable company worldwide, saw its shares increase by 1.2% […]
Genetics Lab in China Alters Fungus Protein as a Substitute for Chicken
Chinese Scientists Develop Gene-Edited Fungus as Meat Substitute A group of scientists from China has employed CRISPR technology to modify a type of fungus, aiming to replace chicken proteins, and it might even have a meat-like taste. This fungus, it seems, is more cost-effective and simpler to cultivate compared to chicken, occupying less land and […]
Trump introduces a $12 billion support plan for farmers during China trade talks
Trump to Introduce $12 Billion Farm Aid Package The White House has announced plans for a $12 billion aid initiative aimed at assisting farmers. This package includes up to $11 billion directed towards a new program called the Farmer Bridge Assistance Program. The idea is to provide one-time payments for farmers struggling with low crop […]
China Dismisses Trump Tariffs With Astonishing $1 Trillion Surplus
China seems largely unaffected by the tariff policies of the Trump administration, boasting a record trade surplus exceeding $1 trillion annually as of November. Recent customs data released yesterday indicates that China’s exports climbed 5.9% year-on-year, reaching $330.3 billion, rebounding from a 1.1% drop in October. In the first eleven months this year, the total […]
AUD/USD remains steady around 0.6650 following positive China Trade Balance information, with attention on RBA policy.
AUD/USD Sees Continued Gains The AUD/USD pair has managed to extend its winning streak to 12 days as of Monday. It’s been trading confidently close to the 0.6650 mark, which is a high not seen in the last two months, particularly noted during late Asian trading on Friday. Recently, the Australian dollar has demonstrated considerable […]
$900B defense bill focuses on China with new investment limitations
Congress Introduces $900 Billion Defense Bill Congress has unveiled a significant $900 billion defense bill aimed at reshaping the economic and military landscape between the U.S. and China. Key measures include investment restrictions, a ban on various Chinese-made technologies in the Pentagon’s supply chain, and a boost in diplomatic and intelligence operations to monitor China’s […]
China Cautions Journalists, Promises Repercussions for Reporting ‘Misleading Information’ About Lethal Disaster
Chinese Officials Warn Media Against Reporting on Recent Fire On Saturday, Chinese officials issued a warning to foreign media about covering the November 26 fire in Hong Kong that resulted in at least 159 fatalities. The authorities are concerned that reports could cast Beijing in an unfavorable light. The Hong Kong Office for National Security […]
China Implements ‘Condom Tax’ to Increase Birthrate
China is reportedly set to introduce a tax on condoms starting in January in an attempt to address its declining birth rate, a situation heavily influenced by the former “one-child policy” that lasted from 1979 to 2015. Beginning in January, a 13% value-added tax will be applied to contraceptives, including condoms, as reported. This shift […]
John Cena remembers upsetting both China and the US over the Taiwan issue
John Cena Reflects on Controversial Apology to China Wrestler and actor John Cena shared some candid thoughts with Joe Rogan recently about a challenging moment in 2021. He found himself in hot water after referring to Taiwan as a country and then making a Mandarin apology to China, which, in turn, ruffled some feathers back […]