US-Canada tariff war escalates; Trump and Carney dig in
The trade dispute between the United States and Canada entered a new phase of escalation this week, with Ottawa announcing retaliatory tariffs after Washington imposed 50% levies on a range of Canadian goods, while President Donald Trump has threatened further action against Canada's auto industry. Canada's new tariffs, which are due to take effect on 8 September, will cover nearly C$28 billion
Nvidia forecasts 70% fiscal 2028 revenue growth
Nvidia delivered better-than-expected fiscal second-quarter results and issued revenue guidance above Wall Street forecasts, sending its shares 3.9% higher in after-hours trading. The chipmaker reported adjusted earnings per share (EPS) of $2.22, compared with expectations of $2.09, while revenue reached US$96.22 billion, ahead of the US$92.27 billion forecast. Nvidia sits at the centre of t
SK Hynix to make Indiana key HBM base by 2030
SK Hynix, one of the world's leading high-bandwidth memory (HBM) makers, has begun construction of its first United States facility in Indiana, with CEO Kwak Noh-Jung saying the site will make the state a “key HBM production base in America” by 2030. Speaking at a groundbreaking ceremony in West Lafayette on Thursday, Kwak highlighted the growing demand for HBM as artificial intelligence develo
US markets lift; Nvidia forecast fuels AI rally
United States benchmark averages finished higher on Thursday (Friday AEST), with the technology-heavy Nasdaq outperforming after Nvidia's strong revenue forecast reinforced optimism around the artificial intelligence boom and lifted technology stocks. The Dow Jones Industrial Average rose 105.6 points, or 0.2%, to 53,569.4, while the S&P 500 gained 55.3 points, or 0.7%, to 7,731.0. The Nasdaq C
Fed's Hammack: 'Now is the time to act' on rates
Cleveland Federal Reserve President Beth Hammack on Thursday reiterated her call for higher interest rates, saying persistent inflation means the central bank needs to act. Hammack told CNBC that a report released on Wednesday showed inflation running at around 3% on an annualised basis. While the monthly pace of price increases has slowed in recent months, she said inflation remains too hig
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Proprietary Authentication Technology - Acquisition Opportunity
Proprietary AI-powered authentication system designed for platforms processing high-value transactions. The technology verifies user identity, cognitive fitness, and transaction integrity in real-time...
