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Nvidia’s real advantage isn’t just superior AI chips—it’s its unmatched customer base. Tech giants like Amazon, Meta, and Microsoft are pouring billions into Nvidia hardware, making its $5 trillion market cap goal increasingly plausible.
Adam
An Israeli strike hit Palestinians near a medical centre in Gaza on Thursday, killing 16 including children and wounding more people, local health authorities said, as ceasefire talks dragged on with no result expected soon.
Glendon
U.S. bank profits are expected to rise in Q2, boosted by strong trading, a rebound in investment banking, resilient credit quality, and improving loan demand amid easing regulations and cautious optimism.
Adam
Spain has overtaken Japan in GDP per capita, largely due to the yen’s sharp depreciation and Spain’s strong service-led growth.
Warren Takunda
After years of mounting concern over deflation and the bruising price wars that have plagued much of China’s economy, President Xi Jinping’s government is showing signs of finally taking action.
Michelle
German inflation slowed to 2.0% in June, aligning with ECB’s target as energy and food prices fell, while services inflation stayed high. The euro drifted slightly higher, as markets eyed Fed rate cut uncertainty and split FOMC views.
Adam
The world is awash with debt, but the UK will be punished first and hardest.
Warren Takunda
The FTSE 100 hit a record high, driven by miners and healthcare stocks, as markets shrug off Trump's tariff threats. AI momentum and Nvidia’s surge fuel optimism, while the dollar weakens.
Adam
Opec has raised its forecast for world energy demand for the medium and long term as global economies expand and population growth boosts requirements for oil.
Glendon
U.S. futures dip as markets eye jobless claims, Delta earnings, and Fed remarks amid ongoing tariff concerns. AI-driven gains support equities, while Bitcoin hits a new high above $112,000.
Adam
Trump imposed 50% tariffs on Brazil over Bolsonaro’s trial, sparking backlash and promises of retaliation from Brazil.
Warren Takunda
The number of Americans filing new applications for jobless benefits unexpectedly fell last week, suggesting employers may be holding on to workers despite other indications of a cooling labor market.
Michelle
Oil prices dipped as markets weighed Trump’s tariff threats on global trade. Despite strong demand and flight activity, inflation fears and OPEC+ supply concerns kept investor sentiment cautious.
Adam
London stocks climbed to record highs on Thursday, with the FTSE 100 up 1.1%, as investors dismissed Trump’s trade rhetoric and focused on corporate news and economic data.
Warren Takunda
OPEC+ is discussing a pause in further production increases after its next monthly hike, according to delegates familiar with the matter.
Glendon
The US dollar has experienced the worst start to a year since 1973, but analysis from Bank of America suggests...
Michelle
German exporters have rejected the idea of accepting a US trade deal "at any price," warning that an unfair agreement could harm Europe’s long-term economic interests and worsen already declining export performance....
Gerik
Major US banks are forecast to post stronger second-quarter profits, driven by resilient trading revenue and a moderate rebound in investment banking, despite ongoing tariff and economic uncertainties....
Gerik
German exporters do not want a deal at any price in the trade conflict with the United States, said Dirk Jandura, head of the BGA trade lobby.
Glendon
Vietnam is drafting stricter penalties and increasing inspections to curb trade fraud and illegal transshipments, following a deal with the Trump administration to lower tariffs...
Gerik