Latest news with #UnionBancairePrivee
Bloomberg
15-07-2025
- Business
- Bloomberg
Nvidia Hits All-Time High; Big Bank Earnings Preview
On today's podcast: 1) Nvidia surges to an all-time high on news it will resume Chip sales to China. US government officials told Nvidia they would green-light export licenses for the H20 artificial intelligence accelerator, according to the company. The move is seen as a "massive win" for Nvidia's Chief Executive Officer Jensen Huang, and is also viewed positively by Vey-Sern Ling, managing director at Union Bancaire Privee, who says it is "obviously positive" for Nvidia, the AI semiconductor supply chain, and China tech platforms. 2) The European Union puts out new tariff targets if it can't reach a deal with the US. The European Union has finalized a list of countermeasures to target US goods worth €72 billion, including Boeing Co. aircraft, automobiles and bourbon. The list includes US machinery products, chemicals and plastics, medical devices, electrical equipment, wines and other agricultural goods, according to a document prepared by the European Commission. The EU trade chief Maros Sefcovic says the US tariff policy is "effectively prohibitive" to transatlantic trade, and the EU insists any settlement must be mutually beneficial to both sides. 3) Big bank earnings begin with JPMorgan Chase, Wells Fargo, and Citi reporting. America's biggest banks are heading into earnings season with tailwinds from trading and lending as they benefit from market volatility and steady borrowing costs. Investment banking may be a weak spot as sluggish closings offset a pickup in deal announcements, Bloomberg Intelligence said.
Time of India
15-07-2025
- Business
- Time of India
Jensen Huang wants US to lead AI development, confirms Nvidia chip sales resuming in China
Nvidia will soon restart the sale of its H20 AI accelerator chips in China, CEO Jensen Huang confirmed. The move comes after the US government assured Nvidia that licenses for these sales would now be granted, unlike earlier restrictions. Huang recently met US leaders, including former President Trump, to back America's AI leadership and job creation. After months of restrictions, this clearance marks a big win for Nvidia in China, one of its crucial markets. Huang believes civil AI models around the world should run on US technology to ensure America remains the global AI leader. His push aims to boost trust in the US tech stack while keeping economic ties with China open. Positive signals for business and US-China relations Huang's announcement is seen as a positive step for both Nvidia's business and the global AI supply chain. US restrictions had forced Nvidia to create special chips for China. Now, with the H20's return, China's tech platforms building AI tools will benefit. This Chinese startup just ended Nvidia's $3 trillion Trump banned Jensen Huang from working with made an even more powerful AI for only $5.6 every tech CEO is scrambling to copy their why: 🧵 Experts like Vey-Sern Ling from Union Bancaire Privee called this restart a 'positive' for the whole semiconductor sector. Even Nasdaq futures got a boost after the news broke, showing investor confidence. Nvidia's new chip and future plans Nvidia didn't just stop with the H20. Huang also introduced a new RTX PRO GPU, designed for digital twin AI in smart factories and logistics. This shows Nvidia's focus on both compliance and innovation as it continues to expand its chip business globally. By balancing US expectations and market demands in China, Nvidia looks set to strengthen its global AI leadership, just as the tech race intensifies.
Yahoo
16-06-2025
- Business
- Yahoo
Treasury Selloff From Israel-Iran Tensions Is Likely to Linger
(Bloomberg) -- Selling pressure on 10-year US Treasuries from the latest round of Israel-Iran conflict is likely to have a lasting effect if past episodes of clashes between the two nations are any guide. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage Benchmark Treasury yields rose nine basis points since tensions between Israel and Iran turned into a direct conflict on Friday, as a surge in oil prices fanned inflation concern. Before that, Iran's direct strikes in April 2024 and another flare-up between the two nations in October had also pushed up Treasury yields rapidly and kept them elevated over a 30-day period, Bloomberg analysis showed. 'The market is quite volatile, with investors gravitating toward safe-haven assets and driving up crude prices,' said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. This is likely to result in an increase in 10-year US yields. The developments add to risks for Treasury investors who are already confronting worsening inflation worries from President Donald Trump's trade war and spiraling debt concern in the US. Traders demanding a higher premium for the risk of lending to governments are likely to propel yields higher with tensions in the Middle East impacting energy prices. US yields have risen across the board, but gains have been relatively less in shorter tenors, which has steepened the curve. Two-year yields in the US have risen eight basis points since Thursday's close. 'Steepening pressures on the Treasury curve could continue,' said Wei Liang Chang, Singapore-based macro strategist at DBS Group Holdings Ltd. 'Investors may weigh a rise in military expenditure over the longer term due to a more uncertain geopolitical environment, and risks of inflation turning sticky if oil prices are to stay elevated.' American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P.
Yahoo
16-06-2025
- Business
- Yahoo
Treasury Selloff From Israel-Iran Tensions Is Likely to Linger
(Bloomberg) -- Selling pressure on 10-year US Treasuries from the latest round of Israel-Iran conflict is likely to have a lasting effect if past episodes of clashes between the two nations are any guide. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage Benchmark Treasury yields rose nine basis points since tensions between Israel and Iran turned into a direct conflict on Friday, as a surge in oil prices fanned inflation concern. Before that, Iran's direct strikes in April 2024 and another flare-up between the two nations in October had also pushed up Treasury yields rapidly and kept them elevated over a 30-day period, Bloomberg analysis showed. 'The market is quite volatile, with investors gravitating toward safe-haven assets and driving up crude prices,' said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. This is likely to result in an increase in 10-year US yields. The developments add to risks for Treasury investors who are already confronting worsening inflation worries from President Donald Trump's trade war and spiraling debt concern in the US. Traders demanding a higher premium for the risk of lending to governments are likely to propel yields higher with tensions in the Middle East impacting energy prices. US yields have risen across the board, but gains have been relatively less in shorter tenors, which has steepened the curve. Two-year yields in the US have risen eight basis points since Thursday's close. 'Steepening pressures on the Treasury curve could continue,' said Wei Liang Chang, Singapore-based macro strategist at DBS Group Holdings Ltd. 'Investors may weigh a rise in military expenditure over the longer term due to a more uncertain geopolitical environment, and risks of inflation turning sticky if oil prices are to stay elevated.' American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. Sign in to access your portfolio
