Armored personnel carriers line up near Washington Monument
Five armored personnel carriers parked overnight near the Washington Monument after President Donald Trump's decision yesterday to deploy the National Guard in the US capital.
00:51 - Source: CNN
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Armored personnel carriers line up near Washington Monument
Five armored personnel carriers parked overnight near the Washington Monument after President Donald Trump's decision yesterday to deploy the National Guard in the US capital.
00:51 - Source: CNN
Trump will meet Putin one-on-one as a 'listening exercise'
President Donald Trump plans to meet one-on-one with Russian President Vladimir Putin as part of their summit on Friday in Alaska. White House press secretary Karoline Leavitt characterized the summit as a "listening exercise."
00:38 - Source: CNN
Nearly 500 rounds fired in CDC shooting
01:54 - Source: CNN
Lightning strike sparks fireball in South Carolina
Dashcam video from the Mount Pleasant Police Department shows a lightning strike near an intersection in South Carolina. Hundreds lost power, and no injuries were reported, according to officials.
00:31 - Source: CNN
Baltimore's mayor responds to Trump's claims about his city
Baltimore Mayor Brandon Scott (D) responded to President Donald Trump's criticism about violence in his city by highlighting historic drops in violent crime. President Trump warned other major cities about federal intervention after he placed the Washington, DC, police department under federal control and deployed the National Guard.
01:05 - Source: CNN
Video shows explosion at US Steel plant
An explosion Monday at a US Steel coking plant near Pittsburgh has left people trapped under the rubble, with emergency workers on site trying to rescue them, an official said.
00:25 - Source: CNN
Trump to deploy National Guard and place DC police under federal control
President Trump announced that he's placing the DC Metropolitan Police Department under federal control and deploying National Guard troops to the nation's capital.
00:47 - Source: CNN
This city could be part of a Trump-Putin deal
The city of Kramatorsk is at the frontline of Ukraine's war with Russia. The capital city of Donetsk, that Russia occupies, may play a part in upcoming talks between US President Donald Trump and Russian President Vladimir Putin in Alaska on Friday. CNN's Chief Security Correspondent Nick Paton Walsh visits the city as Ukrainians arrive from Kyiv.
01:36 - Source: CNN
Intense storm rips roof off prison
Hundreds of prisoners from the Nebraska State Penitentiary were displaced after a violent storm damaged two housing units on Saturday, according to the Nebraska Department of Correctional Services. No injuries were reported, the department said.
00:27 - Source: CNN
Officer killed in CDC shooting gave speech at police academy graduation
David Rose, a DeKalb County Police officer, was killed in the CDC shooting in Atlanta, leaving behind a pregnant wife and two children. Rose gave a graduation speech to his fellow cadets at the DeKalb County Police Department's Academy Class 138 in March, 2025.
00:45 - Source: CNN
Journalists killed in targeted Israeli strike on Gaza
Al Jazeera correspondent Anas Al-Sharif was killed in a targeted strike in Gaza on Sunday alongside multiple other journalists. The Israeli military accused Al-Sharif of leading a Hamas cell, an allegation Al-Sharif had previously denied.
01:50 - Source: CNN
Australia will recognize Palestine in September
Australian Prime Minister Anthony Albanese announced on Monday that Australia will recognize a Palestinian state at the General Assembly of the United Nations in September. Australia joins the UK, France and Canada in announcing plans to recognize a Palestinian state. The move leaves the US increasingly isolated from some of its closest allies in its defense of Israel's escalating military campaign that's decimated the besieged enclave after almost two years of war.
00:29 - Source: CNN
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Yahoo
26 minutes ago
- Yahoo
Nvidia's Trump Tax of Little Worry to Investors Eyeing AI Riches
(Bloomberg) — President Donald Trump's move to extract a 15% sales tax from Nvidia Corp. (NVDA) on certain semiconductors sold in China did nothing to damp investor enthusiasm for the world's most valuable company. The US-Canadian Road Safety Gap Is Getting Wider Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets A look at balance-sheet math goes a long way to explaining why. In the first quarter, Nvidia said it sold $5.5 billion in products to China, roughly 13% of its total. The chips exposed to the Trump tax accounted for about 80% of that, or just under $5 billion. That means the Santa Clara, California-based firm could send some $700 million per quarter to the Treasury — hardly chump change. But for a company that churns out $20 billion in profit a quarter and increases sales by a similar amount - a rate of growth it's sustained throughout the AI boom — paying the tax barely registers. 'I don't think it's that big of an issue,' said Larry Tentarelli, founder of Blue Chip Daily. 'If it was their overall revenue base, it would be a big problem. But because China is not the biggest proportion of their revenues, it's a speed bump.' Nvidia shares slipped Monday after the tax was disclosed, then rallied to a fresh record Tuesday in a broad market advance. The chipmaker's shares have doubled since early April, pushing its market value past $4.4 trillion. Similarly, AMD (AMD), which agreed to the same tax, closed at the highest in more than a year on Wednesday, bringing year-to-date gains to 53%. Nvidia reports second quarter earnings on Aug. 27. Analysts expect it will report earnings growth of 44% on a 53% surge in revenue to $45.9 billion. That's not to say the clouds have completely lifted in China. Bloomberg News reported this week that Beijing has encouraged local firms to avoid using Nvidia's chips — a move that could limit sales. And worries abound that chipmakers will increasingly become ensnared in federal trade policy or that China could make a more formal recommendation to ban certain US chips altogether. 'It is a hard game to know how this will play out. I would almost consider the stocks absent this news,' said Michael Matousek, head trader at U.S. Global Investors Inc. 'If you already liked them, there's potential for upside from China, but there are risks this could change again.' None of that, though, seems to register among investors betting that red-hot demand for AI infrastructure will continue to burn. The trend has lifted shares of Nvidia from their April lows alongside Magnificent Seven peers deemed AI winners, including Meta Platforms Inc. and Microsoft Corp. The tax news is 'mostly empty calories,' Citigroup's Christopher Danely wrote in a note this week on AMD. 'We view this as not material given the low margins of these products, and these AI GPUs could be banned in China again.' At Bernstein, analyst Stacy Rasgon worries about the precedent the Trump tax sets. The arrangement 'might raise some money, but doesn't seem to address any strategic issues beyond a grab for dollars,' he wrote in a note published Aug. 11. Regardless, Nvidia shares will rise or fall on its ability to deliver sales of cutting-edge chips, most notably its Blackwell products. 'What's more important is the trajectory of Blackwell and whether or not Blackwell is going to meet or exceed expectations,' said Melissa Otto of Visible Alpha LLC. 'That's what the market has priced in. That's where we see the biggest uplift in demand and growth. And so that is ultimately what is going to drive the earnings expectations and valuation for the stock.' That major question, along with the trade uncertainty and Nvidia's rally do leave the shares exposed to profit-taking ahead of the Aug. 27 report. 'I'm not going to bet on whether this stays a positive,' said Alvin Nguyen, senior analyst at Forrester. 'There have been so many rapid changes, there's still so much uncertainty, and we need to see stability in trade.' Sign up for Yahoo Finance's Week in Tech By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Top Tech Stories Hon Hai Precision Industry Co. posted a better-than-projected 27% rise in profit over the June quarter and projected accelerating sales growth from its key AI server business. China's biggest tech companies are bouncing back after years on the ropes with outsized ambitions to dominate in everything from robots and smart glasses to cheap meals. But investors want them to focus their spending where it counts — AI. Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras. Lenovo Group Ltd. reported better-than-expected profit after companies accelerated PC purchases to get ahead of possible new US tariffs. Earnings Due Thursday Earnings Premarket: CSP Inc. (CSPI US) Earnings Postmarket: Applied Materials Inc. (AMAT US) Digimarc Corp. (DMRC US) Globant SA (GLOB US) —With assistance from Subrat Patnaik and David Watkins. Americans Are Getting Priced Out of Homeownership at Record Rates Dubai's Housing Boom Is Stoking Fears of Another Crash Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Why It's Actually a Good Time to Buy a House, According to a Zillow Economist The Electric Pickup Truck Boom Turned Into a Big Bust ©2025 Bloomberg L.P. Sign in to access your portfolio
New York Times
26 minutes ago
- New York Times
Why Trump's Pay-for-Play Chips Deal May Not Be the Last
Andrew here. The unusual arrangement between the White House, Nvidia and Advanced Micro Devices to collect 15 percent of the tech giants' revenue on certain chips sold to China continues to raise eyebrows. We dive deeper into that — and look at how such an arrangement might expand to other companies, too. We also share some of your insightful takes on the debate. And don't miss our rundown of who may be starring in what increasingly looks like a reality TV show that could be called 'The Apprentice — Fed Edition,' as we assess the possible candidates for the next Fed chair. More below. 'Rational industrial policy'? Since Inauguration Day, C.E.O.s have made the pilgrimage to the White House to shake hands with President Trump on big-money deals — proof, he says, that 'America is back.' But the business world and Washington are still reeling over one pact in particular: Trump's announcement this week granting the chipmakers Nvidia and Advanced Micro Devices permission to resume selling some powerful semiconductors to Chinese companies in exchange for giving the U.S. government an expected 15 percent cut. The apparent green light alarmed some China hawks and national security experts, who worry it could ultimately harm America's tech industry, and the country. Beyond that, DealBook and others have asked, is this just a one-off business arrangement unique to the giants of the chips industry, or Trump's new rules of global capitalism? Think of it as both, Scott Bessent said. 'I think we could see it in other industries over time,' the Treasury secretary told Bloomberg TV on Wednesday. 'I think right now, this is unique, but now that we have the model and the beta test, why not expand it?' Want all of The Times? Subscribe.
Bloomberg
26 minutes ago
- Bloomberg
Putin Seeks Arms Control Treaty as Next Stage After Trump Summit
Russia and the US can start work on a new arms control treaty after Friday's summit in Alaska, said President Vladimir Putin ahead of his meeting with Donald Trump. An agreement on the control of strategic offensive weapons could 'create long-term conditions of peace between our countries, in Europe, and in the world as a whole,' Putin said at a meeting with senior Kremlin officials on Thursday.
