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05.03.26 - 23:54
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US Stock Selloff Shows No Signs of Easing as Iran War Grinds On (Bloomberg)
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US stocks slid Thursday, rocked by another turbulent session as the escalating conflict in the Middle East raised the prospect of sustained disruptions to energy markets and oil prices, with implications for inflation and global commerce. Stocks swung sharply over the course of the day as widening strikes in Iran and neighboring countries had investors pricing and re-pricing the duration and potential impact of the conflict as volatility spiked. Toward the close of trading, a report that the US is considering emergency measures to stabilize crude led a bounceback from session lows, though worries over the outlook for oil remain. Clear Harbor Asset Management CEO Aaron Kennon joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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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 - 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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