Trump says US is 'semi-negotiating' with Iran
President Donald Trump said the United States is “semi-negotiating” with Iran while signalling that Washington is prepared to maintain economic pressure on Tehran as talks over the Strait of Hormuz continue. “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money,” Trump reportedly told Axios in a phone interview. Trump said
AMD buys AI inference chip startup Taalas
Advanced Micro Devices (AMD) has agreed to acquire Canadian startup Taalas as the chipmaker broadens its artificial intelligence portfolio beyond graphics processing units and strengthens its capabilities in AI inference. Toronto-based Taalas develops specialised inference chips that are customised, or hard-wired, for individual AI models rather than serving as general-purpose processors. “A
ADP: US private hiring slows in July
Private sector hiring slowed in July, with employers adding fewer workers than expected as job growth remained concentrated in healthcare, according to payroll processor ADP. Private companies added a seasonally adjusted 44,000 jobs during the month, down from a downwardly revised 95,000 in June and well below economists' expectations for 75,000 new positions. The services sector accounted f
US markets rise after soft jobs report
United States benchmark averages advanced on Friday (Saturday AEST), with the S&P 500 closing at a record high as the major indexes posted strong weekly gains after data showed the economy unexpectedly shed jobs last month, reducing expectations of a Federal Reserve rate hike in September. The Dow Jones Industrial Average rose 151.8 points, or 0.3%, to 54,036.9, while the S&P 500 gained 47.7 po
US nonfarm payrolls fall in July
The United States economy unexpectedly shed jobs in July, while previously reported employment gains for the prior two months were revised sharply lower, reducing expectations of a Federal Reserve interest rate hike next month. Nonfarm payrolls fell by 23,000 last month, the Labor Department's Bureau of Labor Statistics said. Economists had expected payrolls to increase by 80,000, following
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