Nvidia projects 70% revenue surge, signals AI boom far from over
Nvidia forecasts 70% revenue growth next fiscal year, easing fears of an AI spending slowdown.
Economy
Sempra Files for Permits to Add Four LNG Trains at Port Arthur
Sempra's Port Arthur LNG unit has begun federal permitting for a four-train expansion that could add 27 mtpa of export capacity.
Salesforce lifts annual outlook, deepens AI tie-up with Anthropic
Salesforce raised its annual revenue and profit guidance and expanded its AI partnership with Anthropic, sending shares up 14%.
Vale explores recovering rare earths and gold from mining waste
Vale is studying extraction of rare earths, gold and other minerals from mining waste, with early results promising.
HP's PC Shipment Decline Overshadows Strong Revenue Growth
HP's Q3 PC shipments fell 16% as memory costs outpaced price hikes, overshadowing 12.5% revenue growth and sending shares down 9%.
Fed Governor Cook Rejects White House Bid to Remove Her
Federal Reserve Governor Lisa Cook has told the White House there is no legal basis for her removal, responding to renewed pressure over mortgage disclosures.
Qatar PM heads to Tehran as Gulf diplomacy shifts to economics
Qatar's prime minister will visit Tehran to push for renewed diplomacy and freedom of navigation in the Strait of Hormuz.
Fed Governor Cook's Lawyer Rebuts Trump's Fraud Claims, Says No Grounds for Dismissal
Lisa Cook's lawyer rejects mortgage fraud accusations as baseless, arguing there is no legal cause for her removal from the Fed.
Ex-JPMorgan Executive Told Congress He Shared Bank Secrets With Epstein
Former JPMorgan executive Jes Staley admitted to Congress he shared confidential bank information with Jeffrey Epstein, including Fed communications and pending deals.
US Army picks five firms for $2.2 billion microreactor push
The US Army has selected five companies for up to $2.2 billion in contracts to build and operate microreactors on military bases, targeting deployment by 2028.
Canada's electricity threat: What it really means for US power supply
Despite Ontario's threat to cut electricity exports, experts say US power supply is secure, with economic impacts more likely than blackouts.
Carney to address European Parliament as Canada pivots away from US
Canadian PM Mark Carney will address the European Parliament in September, part of a broader strategy to reduce Canada's economic dependence on the US.
Banxico lifts 2025 growth outlook, pushes inflation goal to 2027
Mexico's central bank raised its 2025 GDP forecast to 1.5% but delayed the inflation convergence timeline to Q4 2027.
Brazil's Floating-Rate Debt Share Could Hit Record 53% This Year
Brazil's Treasury now expects floating-rate debt to reach 49%-53% of total public debt this year, up from an earlier forecast of 46%-50%.
Ivory Coast cocoa delay raises port congestion fears ahead of EU deadline
A delayed Ivory Coast cocoa main crop could cause port congestion in December as exporters rush shipments before stricter EU deforestation rules take effect.
Trump says US doesn't need Canada. Trade data and supply chains say otherwise
Despite President Trump's claims, US reliance on Canadian energy, minerals, and auto parts underscores deep economic ties.
Loonie Slips to One-Week Low as Canada-U.S. Tariff War Weighs
The Canadian dollar hit a one-week low as new U.S. tariffs and retaliation stoked worries about exports and growth.
US Declares Drought Disaster in Puerto Rico as Water Crisis Deepens
US declares drought disaster for 26 Puerto Rico municipalities, unlocking emergency loans for farmers as extreme drought grips over a third of the territory.
White House seeks wider refinery waivers to curb fuel prices
White House urges EPA to grant more small refinery biofuel waivers to ease pump prices, risking backlash from agricultural states.
Iran and Oman Still Negotiating Strait of Hormuz Deal, Tehran Source Says
Iran and Oman continue talks on a Strait of Hormuz agreement, with Tehran accusing Washington of obstruction.