Nvidia Beats Expectations Beyond Data Center Business
Nvidia's networking and gaming revenue indicate the company is thriving beyond its data center and AI business, says Daniel Morgan, senior portfolio manager at Synovus. He joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology." (Source: Bloomberg)
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Yahoo
12 minutes ago
- Yahoo
Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish spending and global trade turmoil. Beijing has failed to boost sluggish domestic consumption since the end of the pandemic, threatening official growth targets and complicating its ability to shield its economy from US President Donald Trump's tariff blitz. Representatives from the two countries are expected to meet on Monday in London for more high-stakes trade talks being closely watched for signs of a lasting deal on reducing levies. China's consumer price index -- a key measure of inflation -- dropped 0.1 percent year on year in May, according to statistics published Monday by the National Bureau of Statistics (NBS). The reading was unchanged from April but slightly better than the 0.2 percent fall forecast in a Bloomberg survey of economists. While deflation suggests the cost of goods is falling, it poses a threat to the broader economy as consumers tend to postpone purchases under such conditions, hoping for further reductions. A lack of demand can then force companies to cut production, freeze hiring or lay off workers, while potentially also having to discount existing stocks -- dampening profitability even as costs remain the same. "China continues to face persistent deflationary pressure," Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, wrote in a note, adding that Beijing "needs to rely on domestic demand to fight the deflation". Zhang said exports continued to perform well and support the economy, while warning that they will "probably slow as the frontloading fades out" -- a reference to overseas buyers increasing shipments ahead of potentially higher tariffs. Trade figures for last month due later on Monday will also shed light on how the country's exporters are faring. Deepening a slump that has now lasted more than two years, factory gate prices also dropped in May, the NBS said Monday. The producer price index declined 3.3 percent, accelerating from a 2.7 percent drop in April, and faster than the 3.2 percent estimated in the Bloomberg survey. The China-US talks in London will mark the second round of formal negotiations between the world's two largest economies since Trump launched his global trade blitz in April. The first round of talks was held in mid-May in Geneva and saw them pause sky-high tariffs but fail to reach a sweeping trade deal. The latest negotiations are expected to include Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. They were announced after a phone call last week between Trump and Chinese President Xi Jinping, which the US president described as "very good". pfc/oho/dan
Associated Press
18 minutes ago
- Associated Press
China's exports up 4.8% in May as shipments to the US fall nearly 10%
BEIJING (AP) — China's exports rose 4.8% in May from a year earlier, lower than expected as shipments to the United States fell nearly 10%, according to customs figures released Monday. Imports declined 3.4% year-on-year, leaving a trade surplus of $103.2 billion. China exported $28.8 billion to the United States in May, while its imports from the U.S. fell 7.4% to $10.8 billion, the report said. Trade slowed in May after China's global exports jumped 8.1% in April, even after U.S. President Donald Trump struck a deal with Beijing to delay implementation of stiff tariff hikes to allow time for talks. The next round of U.S.-China talks was due to take place later Monday in Britain.
Associated Press
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ROSEN, LEADING INVESTOR COUNSEL, Encourages DoubleVerify Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action
New York, New York--(Newsfile Corp. - June 8, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of DoubleVerify Holdings, Inc. (NYSE: DV) between November 10, 2023 and February 27, 2025, both dates inclusive (the 'Class Period'), of the important July 21, 2025 lead plaintiff deadline. SO WHAT: If you purchased DoubleVerify common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the DoubleVerify class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) DoubleVerify's customers were shifting their ad spending from open exchanges to closed platforms, where DoubleVerify's technological capabilities were limited and competed directly with native tools provided by platforms like Meta Platforms and Amazon; (2) DoubleVerify's ability to monetize on Activation Services, DoubleVerify's high-margin advertising optimization services segment, was limited because the development of its technology for closed platforms was significantly more expensive and time-consuming than disclosed to investors; (3) DoubleVerify's Activation Services in connection with certain closed platforms would take several years to monetize; (4) DoubleVerify's competitors were better positioned to incorporate AI into their offerings on closed platforms, which impaired DoubleVerify's ability to compete effectively and adversely impacted DoubleVerify's profits; (5) DoubleVerify systematically overbilled its customers for ad impressions served to declared bots operating out of known data center server farms; (6) DoubleVerify's risk disclosures were materially false and misleading because they characterized adverse facts that had already materialized as mere possibilities; and (7) as a result of the foregoing, defendants' positive statements about DoubleVerify's business, operations, and prospects were materially false and/or misleading or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the DoubleVerify class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] To view the source version of this press release, please visit
