By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
By Howard Schneider WASHINGTON (Reuters) -Two weeks before the U.S. Federal Reserve’s last meeting, with the federal government’s data spigot closed, Atlanta Fed staff backstopped their view of the economy by analyzing how past surveys of business executives had aligned with employment, spending, output and other data captured in federal reports. The results boosted their…
By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s top chip design company, MediaTek, expects to earn revenue of billions of dollars from its AI accelerator ASIC chips by 2027, the chief executive said on Friday, as the company pushes further into the data centre business. Chief Executive Rick Tsai told a quarterly earnings conference…
(Reuters) -Goldman Sachs said on Tuesday it now expects the Bank of England (BoE) to trim rates by 25 basis points in November, after last week’s softer-than-expected inflation data and signs of labour market strain. British consumer inflation stood at 3.8% in September, below the central bank’s forecast of 4%, raising prospects for a rate…
By Eduardo Baptista and Ju-min Park GYEONGJU, South Korea (Reuters) -Nvidia CEO Jensen Huang said on Friday he hoped the company’s state-of-the-art Blackwell chips can be sold in China, although the decision needed to be made by U.S. President Donald Trump. Speaking during his first official visit to South Korea in more than a decade,…
By Courtney Rozen and Stephen Nellis WASHINGTON (Reuters) -Nvidia CEO Jensen Huang donated to fund the construction of U.S. President Donald Trump’s White House ballroom, he told reporters, joining other tech leaders supporting the project.“I’m delighted to be part of it,” he told reporters in Washington on Tuesday.Nvidia was not named on the White House’s…
By Niket Nishant and Rashika Singh (Reuters) -Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a stunning rally that has cemented its place at the center of the global artificial intelligence boom. The milestone underscores the company’s swift transformation from a niche graphics-chip designer into…
SEOUL (Reuters) -NVIDIA CEO Jensen Huang plans to meet “global leaders and top Korean executives” when he attends the Asia-Pacific Economic Cooperation CEO Summit in South Korea this month, the U.S. AI chipmaker said in a statement on Sunday. “Huang will participate in activities to underscore NVIDIA’s work to advance technology and drive growth in…
By Lisa Baertlein and Jeslyn Lerh LOS ANGELES/SINGAPORE (Reuters) -New fees imposed on port calls by China and the U.S. are reducing the number of cargo vessels available for moving goods and threatening to increase consumer costs in both countries, industry executives said. Ship operators have taken China-linked ships out of U.S. trade lanes to…
