Investing.com-- U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with their Chinese counterparts for trade negotiations in Switzerland this week, their offices said on Tuesday.
Both Bessent and Greer will meet with Swiss President Karin Keller-Sutter, and will also meet with their counterparts from the People’s Republic of China “to discuss trade matters,” their respective offices said in a statement. The two will travel to... (continue reading...)
Investing.com -- Crude Oil WTI Futures rebounded Tuesday, following a slump a day earlier when major oil producers announced plans to ramp up production in the coming months, but the bears may soon retake the reins, Scotiabank (TSX:BNS) says, warning of a supply surplus.
"The latest OPEC+ June quota increase of another 411,000 barrels per day will further pressure the already weakened oil market," Scotiabank analysts said in a recent note.
The analysts expect that as... (continue reading...)
Investing.com -- Shares of Marvell Technology (NASDAQ: MRVL) fell 6.5% following the company’s announcement that it would postpone its Investor Day, initially scheduled for June 10, 2025, to a date in 2026, citing the current uncertain macroeconomic environment. Despite this, the semiconductor leader reaffirmed the midpoint of its first-quarter fiscal 2026 revenue outlook and narrowed its guidance range.
The decision to delay the Investor Day was accompanied by a... (continue reading...)
Investing.com -- NVIDIA Corporation (NASDAQ: NVDA) CEO Jensen Huang said Tuesday the Chinese AI market is going to be worth $50 billion in a couple of years, and not being able to compete is a "tremendous loss."
NVIDIA recently disclosed a $5.5 billion write-off after the U.S. government banned it from selling its less advanced H20 AI chips and systems in China.
"It would be a tremendous loss not to be able to address it as an American company," Huang said in an interview... (continue reading...)
Investing.com -- International Business Machines (NYSE: IBM) CEO Arvind Krishna said this week that artificial intelligence has already replaced several hundred jobs in human resources at the company, even as AI deployment fuels headcount growth in other areas. “Our total employment has actually gone up,” Krishna told The Wall Street Journal, as AI investments free up resources for higher-value roles.
The comments, made while IBM hosts its Think 2025 conference in... (continue reading...)
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