Nvidia Stock Jumps 3% After US Approves Chip Sale to UAE Through Microsoft Deal
The Approval Microsoft secured a major win from the Commerce Department. The company received export licenses to ship Nvidia chips to the United Arab Emirates, becoming the first company under President Trump's administration to get such approval. The licenses, granted in September, allow Microsoft to ship the equivalent of 60,400 additional A100 chips. These involve […]
Berkshire Earnings Surge 34% But Buffett Still Finds Nothing Worth Buying
The Earnings Beat Berkshire Hathaway reported a sharp rebound in operating profit. Operating earnings from wholly owned businesses including insurance and railroads jumped 34% year-over-year to $13.485 billion in Q3. Insurance underwriting income drove the gains, surging over 200% to $2.37 billion. Overall earnings, which include investment gains from publicly traded holdings, rose 17% to […]
Walmart and Grocers Could Lose Billions if Food Stamp Benefits Lapse Saturday
The Looming Cutoff SNAP food stamp benefits could lapse Saturday for the first time due to the government shutdown. Nearly 42 million people rely on the Supplemental Nutrition Assistance Program. Neither Congress nor the USDA has acted to fund benefits beyond this weekend. If benefits stop, it creates an immediate crisis for both recipients and […]
Trump's Victory Lap President Trump sounded triumphant after his first meeting with Chinese President Xi Jinping since returning to office. "There's no roadblock at all on rare earth," Trump said Thursday aboard Air Force One. "That will hopefully disappear from our vocabulary for a little while." Trump framed the outcome as a win for both […]
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