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US stocks finish mixed as Fed cuts rates for first time in 2025
US stocks finished mixed Wednesday while the dollar moved higher as markets digested the Federal Reserve cutting interest rates for the first time in 2025 and signaling it could enact two more cuts this year.The moves largely corresponded to market expectations and follow recent economic reports showing weaker job growth that Fed Chair Jerome Powell …
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Nvidia CEO disappointed over China chip ban report
Nvidia chief executive Jensen Huang on Wednesday said he was disappointed by a report that Beijing has barred major Chinese tech companies from buying his company’s world-leading chips, a crucial component in the generative AI revolution.California-based Nvidia’s specially designed chips have catapulted the company to become the world’s biggest by market capitalisation, with China seen …
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