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Standard Bank Group Ltd., Africa's biggest lender by assets, reported record profit as a growing client base bolstered fee and commission income, and as market volatility drove trading revenue....

On today's show, Nvidia delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector. The world's most valuable company says it expects sales of about $65B in the January quarter - roughly $3B more than analysts predicted. Stocks futures surged and the Nikkei 225 rose more than 3% after a robust sales forecast from the chip giant. Bloomberg understands that White House officials are urging members of Congress to oppose a bill limiting Nvidia's ability to sell AI chips to China and other adversary countries. Bonds traders pared bets for a December rate cut after Fed minutes showed officials preferred to stand pat and the BLS cancelled the release of the October jobs report. Today's guests: Standard Bank Group Chair Nonkululeko Nyembezi & Marija Veitmane, Head of Equity Research at State Street Global Markets. (Source: Bloomberg)...

Standard Bank Group Ltd.'s profit grew at the slowest pace since 2020 as the continent's biggest lender by assets felt the impact of a strong rand on the performance of its 20 businesses across the continent....

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