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05.03.26 - 22:15
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Dow loses more than 780 points as oil tops $80 per barrel (The Hill)
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Stocks closed Thursday with losses as the escalating war in Iran and the Middle East drove oil prices higher. The Dow Jones Industrial Average closed with a loss of 784 points, a decline of 1.6 percent after falling more than 1,100 points earlier in the day. The S&P 500 index closed 0.6 percent lower, and......
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05.03.26 - 22:12
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Stock market falls resume as US-Israel war with Iran drives up oil and gas prices (The Guardian)
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FTSE 100 and France's CAC down 1.5%; Germany's DAX and Italy's FTSE MIB down 1.6%; the Dow Jones was down 2%Middle East crisis – live updatesA market sell-off resumed on both sides of the Atlantic on Thursday as fears mounted that there would be no quick resolution to the conflict in the Middle East.Early gains in European markets, which had followed a rebound in Asia, were wiped out in later trading and Wall Street was also trading sharply lower by early afternoon in New York. Continue reading......
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05.03.26 - 20:15
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Stocks Tumble On Report US Plans Licenses For Global Chip Exports (ZeroHedge)
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Stocks Tumble On Report US Plans Licenses For Global Chip Exports
In addition to real war with Iran, Trump appears set to restart the simmering trade war with China.
According to Bloomberg, US officials have written draft regulations that would restrict AI chip shipments to anywhere in the world without American approval, giving Washington broad control over whether other countries can build facilities for training and running artificial-intelligence models, and under what conditions. In other words, while Nvidia has long been the world's AI kingmaker, now the Trump administration is considering taking a formal role in the industry that would include similarly sweeping powers.
If the rule passes, companies would need to seek US permission for virtually all exports of AI accelerators from the likes of Nvidia and Advanced Micro Devices, which represents a global expansion of curbs that currently cover around 40 countries.
According to the report, the specific approval process would depend ...
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