Fed holds rates steady as it notes rising uncertainty and stagflation risk

Fed holds rates steady as it notes rising uncertainty and stagflation risk


Key Points
  • The Federal Reserve held its key interest rate unchanged in a range between 4.25%-4.5%, where it has been since December.
  • The post-meeting statement noted the recent market volatility and how that is factoring into the central bank’s policy decisions.
  • “Uncertainty about the economic outlook has increased further,” the statement said.



Source

Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over
Finance

Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over

Key Points Nvidia said it has yet to generate any revenue from chip sales to China. Chip sales have come under scrutiny from both Washington and Beijing amid a tech race. Chinese AI firms gained ground through IPOs and lower-cost tech. Source

Read More
Stocks making the biggest moves after hours: Nvidia, Salesforce, Snowflake, Nutanix & more
Finance

Stocks making the biggest moves after hours: Nvidia, Salesforce, Snowflake, Nutanix & more

Check out the companies making headlines in after-hours trading. Nvidia — Nvidia reported strong earnings and revenue for the fiscal fourth-quarter , leading shares to add more than 1% in extended trading. Nvidia reported adjusted earnings of $1.62 per share, while analysts expected $1.53 per share, according to LSEG. The chipmaker’s revenue of $68.13 billion […]

Read More
Stocks making the biggest moves midday: Netflix, Coinbase, Diageo, Cava and more
Finance

Stocks making the biggest moves midday: Netflix, Coinbase, Diageo, Cava and more

Check out some of the companies making headlines in midday trading. Coinbase — The cryptocurrency exchange’s stock jumped 12% as it launched stock trading on its platform. The move is part of Coinbase’s strategy to become the place for investors to trade not only cryptocurrency but also stocks, exchange traded funds and place prediction market […]

Read More