font size Nvidia’s A100 chips are used in data centers for high-performance applications such as artificial intelligence. Courtesy NVIDIA nvidia Can’t get enough rest. Late Wednesday, the chip maker said in a statement that the US government notified the company that it has imposed a new licensing requirement, effective immediately, that covers any exports of …
China’s imports of liquefied natural gas (LNG) from Russia surged in the first six months of this year, and in turn, China has been turning around and selling the product to Europe, according to new reports. China, as the largest purchaser of liquefied pure gasoline, has been selling what The Financial Times reports as “surplus …
Report: China Increases Russian LNG Imports, Reselling to Europe Read More »
Hong Kong-listed BYD shares fell on Wednesday after Warren Buffett’s Berkshire Hathaway cut its stake in the Chinese electric car maker — and one fund manager said that could be a warning sign of more to come. The giant group slightly reduced its shares from 20.04% to 19.92%, according to a filing on the Hong …
Shares of Chinese electric car maker BYD plunge after Warren Buffett cut its stake Read More »
“Fed Watch” is a macroeconomic podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macroeconomics from across the globe, with an emphasis on central banks and currencies. In this episode of “Fed Watch,” CK and I went through several charts, giving market updates on …
Pakistan, Taiwan, China Need Bitcoin – Bitcoin Magazine Read More »
Negative economic growth in the first half of the year may be a harbinger of a much deeper downturn that could continue into 2024. Stephen Roach, who served as president of Morgan Stanley Asia, warns that the US needs a “miracle” to avoid a recession. “We will definitely face a recession as the late effects …
Economist Stephen Roach warns that the US needs a miracle to avoid a recession Read More »
Hong Kong CNN Business – The Chinese Yuan fell to its lowest level in two years after the hawkish comments of Federal Reserve Chairman Jerome Powell which sent the dollar higher recently. The yuan – also known as the renminbi – It lost about 0.5% against the dollar on Monday in foreign trade outside mainland …