FOMC Keeps Fed Funds Rate Steady, Citing Rising Risks of Unemployment, Inflation
Express News | Trump: A Significant Press Conference Is Scheduled for at 10:00 A.M. on May 8 (E.T.), in the Oval Office to Announce a Major Trade Agreement with Representatives from a Big and Highly Respected Nation.
US Stock Futures Rebound As Trade Talks With China Set To Resume
Trump wants to amend AI Chip export controls? The U.S. Department of Commerce: Simplifying the 'Biden rules' is beneficial for innovation!
① A spokesperson for the USA Department of Commerce stated that President Trump plans to lift the restrictions on the export of advanced AI Chips instituted during the Biden administration, claiming that Biden's rules are overly complex and will hinder innovation in the USA; ② In January of this year, Biden released the "AI Diffusion Export Control Framework," establishing a "three-tier licensing system" for AI Chips, which limits the amount of advanced AI Chips accessible to various countries and regions.
Fed Stands Pat on Interest Rates and Warns of Economic Woes on the Horizon
U.S. stocks closed with the three major Indexes fluctuating higher, with Google plummeting more than 7%. The Bullish support from the AI Chip helped NVIDIA.
① Apple is promoting a shift to AI search for Safari, causing Google's stock price to fall over 7%; ② Disney's stock price skyrocketed nearly 11%, with the company's second fiscal quarter profits exceeding expectations; ③ NVIDIA rose over 3%, with reports that the USA is considering lifting AI Chip export restrictions.
Fredo in the cut OP : plz like im first to report this also i believe its india but its just speculation