Bond Market Rate-Cut Bets Face Powell Reckoning at Jackson Hole
Powell's speech, slated for 10 a.m. New York time at the central bank's annual gathering in Jackson Hole, Wyoming, has been the focal point this week, for good reason. In recent years, he has used the occasion to make market-moving policy news, with investors zeroing in on whether the Fed chair pushes back — or not — on the current pricing for rate cuts.
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Nvidia chief says H20 chip shipments to China not a security concern
Shipping Nvidia's H20 chips to China was "great" for Beijing and Washington and not a security threat, the tech giant's chief said Friday. The California-based company produces some of the world's most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns from Washington that Beijing could use them to enhance military capabilities. Nvidia developed the H20 -- a less powerful version of its AI processing units -- specifically for export to China. That plan stalled when the Trump administration tightened export licensing requirements in April. The H20 was "not a national security concern", Jensen Huang told reporters in Taipei, describing the chip as "great for America" and "great for the Chinese market". Huang insisted there were "no security backdoors" in the H20 chip allowing remote access, after China summoned company representatives to discuss security issues. "We have made very clear and put to rest that H20 has no security backdoors, there are no such things, there never has, and so hopefully the response that we've given to the Chinese government will be sufficient," Huang said. He sidestepped a question about reports that Nvidia would pay the United States 15 percent of its revenues from the sale of H20 chips to China, which US President Donald Trump confirmed last week. Instead, Huang expressed gratitude to the Trump administration for allowing the chips to be shipped to the Chinese market. "The demand I believe is quite great and so the ability to ship products to, H20s to China, is very much appreciated," the CEO said. Huang also said Nvidia is in talks with the US government about a new chip for China. "Offering a new product to China for the data center, AI data centers, the follow on to H20, that's not our decision to make. It's up to of course the United States government, and we're in dialogue with them but it's too soon to know," he said. Huang met with Trump at the White House this month and agreed to give the federal government the cut from its revenues, a highly unusual arrangement in the international tech trade, according to reports in the Financial Times, Bloomberg and The New York Times. Investors are betting that AI will transform the global economy, and last month Nvidia -- the world's most valuable company and a leading designer of high-end AI chips -- became the first company ever to hit $4 trillion in market value. The firm has, however, become entangled in trade tensions between China and the United States, which are waging a heated battle for dominance to produce the chips that power AI. It comes as the Trump administration has been imposing stiff tariffs, with goals varying from addressing US trade imbalances, wanting to reshore manufacturing and pressuring foreign governments to change policies. A 100 percent tariff on many semiconductor imports came into effect this month, with exceptions for tech companies that announce major investments in the United States. aw/amj/sco Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
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Great Place To Work Announces the 2025 Best Workplaces in Latin America Representing 4.3 Million Employee Experiences
DHL Express named No. 1 with a 63% increase in the number of companies competing for honors in the large company category. Oakland, Calif., Aug. 22, 2025 (GLOBE NEWSWIRE) -- Great Place To Work®, the global authority on workplace culture, is proud to honor the 2025 Best Workplaces in Latin America™. With new eligibility rules and increased participation, this is the most competitive ever list for the Latin American region. There is a 63% increase in the number of large companies competing this year, a 14% increase in the number of small- and medium-sized companies, and 127 companies made the list this year for the first time. This year's list features 200 organizations identified by Great Place To Work after surveying more than 2.4 million employees from over 30 countries across Latin America (including Mexico, Central America, South America, and the Caribbean). The survey sample represents the workplace experience of 4.3 million employees. To make this list, companies had to strongly outperform their peers throughout Latin America, as measured by Great Place To Work's Trust Index™ Survey. Companies were considered for the Latin America list after earning Great Place To Work Certification™ and being selected for local honors on national Best Workplaces™ Lists. Recognition is awarded based on confidential survey data assessing employee experiences that build trust and fuel business performance. The most competitive companies create healthy, consistent experiences for employees at all levels of the organization, no matter who an employee is or what they do for the company. 'Congratulations to the Best Workplaces in Latin America,' says Michael C. Bush, CEO at Great Place To Work. 'These leading companies are showing the way, building workplaces that make communities stronger, nations more prosperous, and the world a better place.' DHL Express earned the top spot on this year's list. engage employees with life-changing experiences. The list in 2025 has two segments, one for companies with 50-499 employees (small and medium category) and one for companies with more than 500 employees (large category). Eligible companies also had to make at least one national Great Place To Work Best Workplaces List in the Latin America region. Here are the top 25 large companies for 2025: 1. DHL Express2. Hilton3. PedidosYa4. TP5. Itaú 6. Eurofarma7. Nestlé8. Cisco9. Philip Morris International10. AES11. Accenture12. Gentera13. Novo Nordisk14. Arcos Dourados 15. AstraZeneca16. Tigre17. Stryker18. Grupo Financiero Bantrab19. Fundacion Genesis Empresarial20. Banco Internacional21. Virú S.A.22. Grupo Vesta23. Parque Del Recuerdo 24. Caja Los Andes 25. Confederacao das Cooperativas do Sicredi -Confederacao Sicredi The Best Workplaces in Latin America list is published here. About the Best Workplaces in Latin America List Great Place to Work selected the Best Workplaces in Latin America after surveying more than 2.4 million employees in Latin America, representing the experience of 4.3 million employees in the region. To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best Workplaces Lists in Argentina, Bolivia, Brazil, Central America & Caribbean, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela during 2024 or early 2025. Companies rank in one of two size categories: small and medium (50-499 employees) and large (500+). About Great Place To Work As the global authority on workplace culture, Great Place To Work brings more than three decades of groundbreaking research and data to help every place become a great place to work for all. Its proprietary platform and Great Place To Work Model™ help companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified and receiving recognition on its coveted Best Workplaces Lists. Follow Great Place To Work on LinkedIn, X, and Instagram or visit and sign up for the newsletter to learn more. CONTACT: Kim Peters Great Place To Work (415) 844-2574 kpeters@
Yahoo
5 minutes ago
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New Zealand's central bank may cut interest rates twice more this year to 2.50%: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) -New Zealand's central bank will likely cut its key interest rate twice more this year, taking it to 2.50%, according to a majority of economists polled by Reuters following the latest policy meeting, where it unexpectedly flagged more reductions. While the Reserve Bank of New Zealand's (RBNZ) August 20 reduction was in line with expectations from economists and financial markets, a surprise lower path for the official cash rate (OCR) and two votes for a larger 50-basis-point cut prompted economists to revise their outlook. Since August 2024, the RBNZ has cut rates by 250 bps to support a shaky economy. However, with the central bank assuming the economy stalled in the second quarter and inflation remaining within the 1%-3% target range, the door is open for further cuts. Over 75% of economists polled, 13 of 17, predicted 50 bps of easing this year, compared with the pre-meeting survey, when economists were split between no further cuts and only one more 25-bp move. Four economists saw a smaller move to 2.75%. "The RBNZ has come around to our view that the economy needs more support, a little bit sooner than we had expected. So we now anticipate the two cuts we were forecasting will come by the end of the year. That's good news for the economy," said Sharon Zollner, chief economist, New Zealand at ANZ. Nearly 90% of the economists, 15 of 17, expect a 25-bp reduction at the next meeting on October 8. Two expected no change. The country's largest banks, ANZ, ASB, BNZ, Kiwibank and Westpac, all forecast a cumulative 50 bps of easing by this year-end. Of those, only ANZ and Kiwibank previously expected the cash rate to fall to 2.50%, but they expected those reductions to come in 2026. Median forecasts showed rates on hold at 2.50% through 2026. "They've finally moved in the right direction. We've been calling for a 2.50% cash rate for quite some time. There's a lot of pain out there in the real world, and it just required a monetary policy setting that was stimulatory," said Jarrod Kerr, chief economist at Kiwibank. (Other stories from the August Reuters global economic poll) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
