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Strong earnings fuel market optimism
Despite tariffs and a cooling job market, U.S. companies are reporting stronger-than-expected earnings. S&P 500 profits rose about 12% in Q2, well above forecasts, with tech giants like Meta and Microsoft driving two-thirds of gains. “Businesses have come out of this whole thing looking better,” said Sonu Varghese of Carson Group. AI-related demand is boosting…
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Companies plan stablecoins under new law
The GENIUS Act, signed into law in July by U.S. President Donald Trump, establishes federal guidelines for stablecoins – cryptocurrency tokens pegged to the U.S. dollar. Financial firms, including Bank of America and Citigroup, are exploring their own stablecoin options. However, experts caution that navigating compliance and technical challenges will be complex. The effective date…
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Push for SEC safe harbor
Andreessen Horowitz (a16z) and the DeFi Education Fund are advocating for the U.S. Securities and Exchange Commission (SEC) to establish a safe harbor for decentralized exchange (DEX) and crypto wallet developers. This initiative seeks broker-dealer exemptions to foster innovation and reduce regulatory uncertainty in the decentralized finance (DeFi) sector. The proposal aims to clarify the…
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Trump’s AI chip deal ‘creates new category of corporate risk’
U.S. President Donald Trump’s deal with Nvidia to give the U.S. government a cut of the firm’s sales in exchange for resuming exports of banned AI chips to China has overturned decades of U.S. national security policy and created an entirely new category of corporate risk, Reuters reports. The move has attracted bipartisan criticism, with…
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Nvidia and AMD to pay 15% of China chip sales to U.S.
Nvidia and AMD are to give the U.S. government 15% of the revenues from chip sales in China as part of an “unprecedented” arrangement with the Trump administration to obtain export licences for the semiconductors. The U.S. had previously banned the sale of powerful chips used in areas like AI to China under export controls…
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Trump’s AI chip deal ‘creates new category of corporate risk’
U.S. President Donald Trump’s deal with Nvidia to give the U.S. government a cut of the firm’s sales in exchange for resuming exports of banned AI chips to China has overturned decades of U.S. national security policy and created an entirely new category of corporate risk, Reuters reports. The move has attracted bipartisan criticism, with…
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