China’s electric powered motor vehicle corporations, which rely closely on Nvidia, are secure from the U.S. chip ban — for now

Critical Details

U.S. restrictions on Nvidia chip product sales to China won’t affect Chinese electrical car or truck organizations for the reason that they’re utilizing auto programs that never include things like the sanctioned goods.
Chipmaker Nvidia’s shares have plunged all around 13% this week right after the business disclosed new U.S. constraints on its exports to China.
In China, the Nvidia Push Orin and Xavier chips have grow to be a main section of electric powered automakers’ assisted driving tech, but the new U.S. limits focus on Nvidia’s A100 and H100 products.

Resource

Finance

The Fed forecasts lowering rates by another half point before the year is out

September 18, 2024

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. Kevin Mohatt | Reuters The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank […]

Finance

Stocks making the biggest moves midday: Intuitive Machines, U.S. Steel, Victoria’s Secret and more

September 18, 2024

Check out the companies making headlines in midday trading: Intuitive Machines — Shares soared 51% after the space exploration company secured a roughly $5 billion space network contract from NASA. United States Steel — The U.S. steel producer saw shares jump more than 2% after news that a U.S. security panel has reportedly granted Nippon […]

Finance

JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

September 18, 2024

Key Points JPMorgan Chase created a new global role overseeing all junior bankers in an effort to better manage their workload after the death of a Bank of America associate in May forced Wall Street firms to examine how they treat their youngest employees. The firm named Ryland McClendon its global investment banking associate and […]