Gold slips as firm dollar weighs; focus turns to Fed meeting
$Gold.com(GOLD)$ $Gold - main 2608(GCmain)$ NEW YORK – Gold prices fell on July 28, pressured by a stronger dollar as markets awaited the Federal Reserve’s upcoming policy decision for clues on the interest rate outlook. Spot gold fell 0.6 per cent to US$4,051.07 per ounce by 0726 GMT (3.26pm, Singapore time) after rising as much as 1 per cent on July 27. US gold futures for August delivery lost 0.6 per cent to US$4,051.60. The dollar held near a one-month high, making greenback-priced bullion more expensive for holders of other currencies. “We’re oscillating in this narrow range between US$3,950 and US$4,200, and I think the market is just waiting for Fed signals,” said Ilya Spivak,
Nvidia Loses Top Market Spot as NVDA Stock Extends Decline
NVDA stock loses momentum as Apple regains the top valuation spot and cheaper Chinese AI models raise demand concerns. $NVIDIA(NVDA)$ $Apple(AAPL)$ Table of Contents: -NVDA stock fell below $200 as selling pressure returned across the semiconductor sector. -Apple regained the top market value position after Nvidia’s valuation declined. -Nvidia is reportedly considering $250 billion in financing guarantees for an OpenAI data-center project. -The proposed OpenAI facility could require more than $500 billion in total spending. -Cheaper Chinese AI models, including Kimi K3, raised concerns about future demand for computing power. NVDA stock fell below $200 on Monday as investors red
Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports $NVIDIA(NVDA)$ July 26 (Reuters) - Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI as part of a massive data center project, the Wall Street Journal reported on Sunday. The backstop from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank's energy subsidiary is developing in southern Ohio, the newspaper said, citing people familiar with the matter. For OpenAI, a deal would be the first step toward controlling its own infrastructure instead of renting it from Microsoft, Amazon and Oracle, while for Nvidia, it would guarantee demand for its chips for years to come. The project is exp
Trump announces next phase of global tariffs, affecting 99.4% of US imports Tariff rates of up to 12.5% will replace the US's expiring global tariffs at midnight. $Dow Chemical(DOW)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ The Trump administration on Thursday announced the replacement for 10% "global tariffs" that expire at midnight. They will be immediately supplanted by a suite of new duties that Trump's team hopes will be permanent and will go into effect at 12:01 a.m. ET on Friday, levying rates of 10% to 12.5% on America's top trading partners. Trump's trade office said in a fact sheet that this order will apply to 60
The market is currently hypersensitive to any data
$Nasdaq 100 Trust(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$ Today's sharp market decline is primarily driven by a confluence of negative macro data released in the U.S., signaling a significant cooling of the economy, which has spooked investors. Key Factors for Today's Drop Surge in Initial Jobless Claims: The number of Americans filing for unemployment benefits for the first time hit 187,000 for the week ending July 18, signi
NVIDIA Discloses 9.3% Stake in European Cloud Provider Nebius, Sending Shares Soaring
NVIDIA Discloses 9.3% Stake in European Cloud Provider Nebius, Sending Shares Soaring Deep News $NVIDIA(NVDA)$ $NEBIUS(NBIS)$ 19:51 NVIDIA has disclosed a 9.3% stake in the Dutch cloud services company NEBIUS, according to a filing with the U.S. Securities and Exchange Commission, driving a sharp pre-market rally in the stock on Tuesday. Over the past 12 months, NEBIUS shares have surged nearly 250%. In recent years, NVIDIA has consistently increased its holdings in multiple artificial intelligence companies. The disclosure of the stake in the European cloud provider sent shares of NEBIUS significantly higher on Tuesday. The Amsterdam-based firm has grown into a
Why Nvidia turned to Microsoft for one of its biggest leadership hires in years $NVIDIA(NVDA)$ Nvidia is ushering in a new era for its global sales organization. In June, Jay Puri — the chip giant's head of worldwide field operations, and a billionaire who served in Nvidia CEO Jensen Huang's inner circle — told the company he is retiring after 21 years. He will transition to an advisory role. To replace him, Nvidia looked outside its ranks — something of an unorthodox move for a C-Suite synonymous with long tenures, internal promotions, or executives coming in from acquisitions. Nick Parker, a 26-year Microsoft veteran, joins Nvidia next month. Most recently, he served as executive vice president and chief business officer of Micro
$Apple(AAPL)$ Based on the latest news and analyst actions, the overall sentiment for Apple (AAPL) is positively biased, driven by strong expectations for the upcoming iPhone 18 cycle and AI advancements, but a single bearish downgrade introduces a note of caution. Conclusion: Near-Term Outlook is Bullish, Driven by iPhone 18 & AI Apple is currently experiencing a wave of bullish analyst activity, primarily centered on the potential for a significant "supercycle" with the iPhone 18 and its growing capabilities in on-device AI. This positive momentum pushed the stock to a new all-time high on July 15 6. While a downgrade from one firm provides a necessary counterpoint, the consensus from major banks like Ci