At the Trump-Xi summit, key discussions centered on U.S. tech companies' access to the Chinese market and China's control over critical minerals. U.S. President Trump emphasized opening China to American businesses as a top priority, while China expressed willingness for deeper commercial engagement. The meeting included major U.S. tech executives, highlighting the importance of AI chip exports and supply chains. Despite progress, political challenges in the U.S. Congress and China's dominance in rare earth minerals may limit breakthroughs, with the best outcome likely being an extension of the 2025 trade truce.
US stock futures gained following a mixed market close and President Trump's approval of Nvidia's H200 AI chip sales to Chinese firms, although China has halted deliveries. Economic data showed a 0.5% rise in April retail sales and a slight increase ...
The US money supply (M2) has climbed back to $22.7 trillion, indicating expanding liquidity despite the Federal Reserve's rate hikes and quantitative tightening. This liquidity surge is helping push asset prices like stocks, gold, Bitcoin, and home p...
Tesla CEO Elon Musk and NVIDIA CEO Jensen Huang joined President Trump's delegation to Beijing on Air Force One, highlighting their companies' critical roles in US-China tech relations. Huang's presence followed a year of lobbying to ease AI chip exp...
Nvidia CEO Jensen Huang highlights the massive scale of AI data center construction, requiring 30,000 truckloads for a single 500-megawatt facility, calling it the largest infrastructure buildout in history. This surge is driving huge revenue growth ...
Chinese President Xi Jinping assured American CEOs, including Elon Musk and Tim Cook, that China's market will open wider to US businesses during President Trump's visit. This comes as the US reportedly approved Nvidia to sell advanced H200 chips to ...
