Business
Moody’s cited rising debt, saying US had repeatedly failed to end the trend of large annual fiscal deficits and interest. Moody’s Ratings has stripped the United States government of its top credit rating, citing successive governments’ failure to stop a rising tide of debt, a surprise move that could complicate President Donald Trump’s efforts to…
SAN FRANCISCO — This week’s announcement of a 90-day tariff pause has San Francisco small businesses in flux. Some are seeing some immediate shifts, while others are trying to figure out what to do next. In the wake of Trump’s stop-and-go tariff policies, business owners like Edward Lau are confused about what and when to…
PALO ALTO, California/TAIPEI/HONG KONG — Nvidia will start shipping a modified Hopper-series chip for artificial intelligence applications to customers in China in coming months, its latest effort to stay in the Chinese market as Huawei steps up its own AI chip offerings and the U.S. tightens export restrictions, Nikkei Asia has learned. The new chip…
The United States lost its last triple-A credit rating from a major agency on May 16, 2025 as Moody’s announced a downgrade, citing rising levels of government debt(AFP) Moody’s Investors Service cut the United States’ credit rating on Friday, citing concerns over rising debt and political deadlock, dealing a blow to Donald Trump’s narrative…
The Trump administration on Friday dropped a lawsuit brought against Southwest Airlines by former President Biden’s Transportation Department (DOT) alleging it advertised unrealistic flight s… Source link
Nvidia Corp. Chief Executive Officer Jensen Huang expressed confidence in his company’s trade partners and said there’s no evidence of its prized semiconductors being diverted to the Chinese market. Source link
Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but it will not put out another version of the Hopper chip, CEO Jensen Huang said on Saturday. Source link
By Wen-Yee Lee TAIPEI (Reuters) -Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but will not put out another version from the Hopper series, CEO Jensen Huang said on Saturday. Asked what their next chip for China after the H20…
Rite Aid’s ‘comeback story’ cut short as pharmacy chain files for bankruptcy again After closing hundreds of stores and facing ongoing challenges, Rite Aid looks for a buyer while preparing to sell its remaining inventory and essential assets. Scripps News Rite Aid has announced more store closures after reportedly agreeing to sell pharmacy assets from over 1,000…
US credit rating downgrade undermines Donald Trump’s claims regarding economic robustness. (AI image) Moody’s Ratings downgraded the United States government’s credit rating on Friday, pointing to the inability of consecutive administrations to control increasing government debt levels.The credit rating reduction to Aa1 from Aaa compounds the challenges for the US President Donald Trump, coinciding with…