logo
Peterson Institute's Blanchard Discusses Trade

Peterson Institute's Blanchard Discusses Trade

Bloomberg29-05-2025
Olivier Blanchard, Senior Fellow at Peterson Institute, discusses latest developments on the trade tariff. He speaks with David Ingles from the sidelines of the 'UBS Asian Investment Conference' in Hong Kong. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BOJ Faces Costs From Deposit Facility as Market Eyes Rate Hike
BOJ Faces Costs From Deposit Facility as Market Eyes Rate Hike

Bloomberg

time9 minutes ago

  • Bloomberg

BOJ Faces Costs From Deposit Facility as Market Eyes Rate Hike

As speculation mounts that the Bank of Japan will raise interest rates later this year, there's a growing risk that required payments to its deposit facility could put added strain on the bank's finances. Introduced 17 years ago by then-Governor Masaaki Shirakawa, the deposit facility pays interest on excess reserves deposited by financial institutions. The framework allows institutions to either park funds in excess of reserve requirements with the BOJ or lend them out in the market, thereby guiding short-term interest rates toward the facility's rate through arbitrage.

Trump Says He's Readying More Tariffs on Russian Energy Buyers
Trump Says He's Readying More Tariffs on Russian Energy Buyers

Bloomberg

time9 minutes ago

  • Bloomberg

Trump Says He's Readying More Tariffs on Russian Energy Buyers

President Donald Trump suggested he would impose increased tariffs on additional countries buying energy from Russia — including China — after saying earlier Tuesday that he would be raise levies on Indian exports within 24 hours. 'We'll be doing quite a bit of that,' Trump said when asked if he would follow through on a previous threat to impose tariffs on additional countries, including China. 'We'll see what happens over the next fairly short period of time.'

AMD posts mixed Q2 results but offers better than expected Q3 outlook on AI sales
AMD posts mixed Q2 results but offers better than expected Q3 outlook on AI sales

Yahoo

time37 minutes ago

  • Yahoo

AMD posts mixed Q2 results but offers better than expected Q3 outlook on AI sales

AMD (AMD) reported its second quarter results after the bell on Tuesday, missing on adjusted earnings per share (EPS), but beating analysts expectations on revenue. The company also provided better than anticipated Q3 guidance of between $8.4 billion and $9 billion. Wall Street was expecting $8.3 billion. The announcement comes ahead of rival and market leader Nvidia's (NVDA) own earnings report later this month. AMD stock was flat following the news. The company's shares are up 44% year to date and 29% over the last 12 months, while Nvidia shares are up 32% and 77%, respectively. For the quarter, AMD saw adj. EPS of $0.48 on revenue of $7.6 billion. Wall Street was expecting EPS of $0.49 on revenue of $7.4 billion, according to Bloomberg consensus estimates. AMD says it saw an $800 million impact from the Trump administration's ban on the sale of the company's MI308 AI chips to China. Nvidia took a $4.5 billion write-down from the ban in Q1 and said it expects a larger $8 billion hit in its second fiscal quarter. Trump reversed course on the ban last month, which should help make up for some of those losses in the coming quarters. AMD should also benefit from the launch of its MI350 line of AI chips, designed to go toe-to-toe with Nvidia's Blackwell-powered chips. According to AMD, the MI350 line, which includes the MI350X and MI355X, offers four times the AI compute performance and a 35x increase in inferencing capabilities versus its predecessors. AMD's Data Center segment revenue topped out at $3.2 billion, meeting Wall street expectations. The company saw $2.8 billion in the segment last year. Beyond the Data Center segment, AMD's Client business, which includes sales of CPUs for desktops and laptops, generated $3.6 billion in revenue versus an anticipated $2.5 billion. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store