Author: Money Mechanics

Nvidia (NVDA) has a China issue. Resolving it, its CEO says, could have bigger implications for America’s AI competitiveness.  The chipmaker at the heart of the AI boom reported record quarterly sales yesterday, though its results reflected the Trump administration’s export curbs, which brought sales of its H20 AI chip in China to a halt. (Investopedia’s full Wednesday coverage of the results is here.) Nvidia (NVDA) didn’t include sales of the chip to China in its forecast for the current quarter either, despite recently striking a 15% revenue-sharing agreement with the Trump administration to resume sales, a deal the company…

U.S.-based internet forums 4chan and Kiwi Farms are suing Britain’s media regulator Ofcom over its enforcement of the Online Safety Act, escalating tensions between American tech groups and European regulators while U.S. officials celebrate a major privacy victory for Apple Inc. AAPL.4chan And Kiwi Farms File Free Speech Lawsuit Against OfcomThe controversial online forums filed their lawsuit in the U.S., alleging that Ofcom’s enforcement of Britain’s Online Safety Act violates Americans’ right to free speech, reported Reuters on Thursday.The case marks a significant escalation in the growing clash between tech platforms and regulatory bodies in the U.K. and EU, which…

Today, the U.S Bureau of Economic Analysis (BEA) released official statistics of real state personal consumption expenditures (PCE) for the first time. The new statistics cover the period from 2008 to 2020. Real PCE decreased 3.8 percent in 2020 for the nation after increasing 2.2 percent in 2019. Across states, the percent change ranged from 2.2 percent in Utah to –7.0 percent in Hawaii, Maryland, and New York; the percent change was –8.9 percent in the District of Columbia (table 1). In 2020, real PCE decreased in 47 states and the District of Columbia and increased in only three states:…

The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit. According to reporting from the Financial Times, at a Deutsche Bank conference on Thursday, Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government a 10% equity stake. The deal was structured in a way to penalize Intel if it spins out its foundry business unit, which makes custom chips for outside customers, within the next few years. Last week’s deal included a five-year warrant that would allow the…

Celia Irmie, Ben Kingsley, Helen Mirren and Pierce Brosnan in “The Thursday Murder Club.”Netflix/Giles Keyte As Helen Mirren, Ben Kingsley, Pierce Brosnan and Celia Irmie’s characters in Netflix’s new original movie The Thursday Murder Club prove, just because people retire from work, it doesn’t mean that they need to retire from the things that helped them live vibrant lives when they were younger. “The characters in this movie certainly had those sorts of lives, especially in my generation,” Mirren said in a recent phone interview. “Like people who’ve been through the Second World War and had unbelievable courage as young…

Key Takeaways Snowflake exceeded estimates for profit and sales as more customers used its AI software.The cloud data provider also increased its full-year guidance.Snowflake added 48 more customers with $1 million plus product revenue from the previous quarter. Shares of Snowflake (SNOW) jumped 14% in premarket trading Thursday when the artificial intelligence (AI) data cloud provider posted better-than-anticipated results and boosted its guidance as it added more customers. The software company reported second quarter fiscal 2026 adjusted earnings per share (EPS) of $0.35 on revenue that grew 32% year-over-year to $1.14 billion. Analysts surveyed by Visible Alpha had expected $0.27…

Key Takeaways Health insurance costs are expected to rise sharply in 2026.  Employers expect to shift more expenses to workers, and insurers project an increase in Affordable Care Act (ACA) marketplace premiums. Rising demand for care, expensive specialty drugs, an aging population, and the potential expiration of enhanced ACA tax credits are the main drivers behind the surge. Experts recommend reviewing plan details carefully, taking advantage of a health savings account (HSA), and calling your provider to see whether you qualify for financial assistance or a payment plan. Health insurance costs are expected to rise sharply in 2026, whether you…

One of the ways that the CFPB promotes more innovation in the market and competition for consumers is by increasing transparency about how existing laws apply to emerging products. That’s why we have issued more guidance, and more specific guidance, to encourage new market entrants to focus on technological or business innovation instead of innovative lawyering to invent new loopholes.As part of this effort, the agency released an interpretive rule in May that explained how some of the existing federal laws and regulations, like the Truth in Lending Act and Regulation Z, apply to Buy Now, Pay Later loans. While…

Key Takeaways The U.S. economy grew at an annual rate of 3.3% in the second quarter, more than the 3% growth initially reported last month.The uptick signaled that the economy is holding up better than previously thought against the headwinds of President Donald Trump’s tariffs and the Federal Reserve’s high interest rates.The improvement in the GDP relieves some of the pressure on the Fed to cut interest rates to boost the economy and job growth. The U.S. economy is staying more resilient to tariffs and high interest rates than it seemed last month.The Gross Domestic Product grew at an annual…

(BOE Report)– The chief executive at Trans Mountain Corp. says there should be ample pipeline space to get Canadian crude oil to market until at least 2030 without the need for a whole new project being built from scratch. Mark Maki says at the rate production has been growing, existing pipelines out of Alberta are on track to fill up around 2027 as they’re currently configured. But he says his company and other pipeline firms have small-scale projects in the works to retool their networks to boost throughput, which should give the industry a few more years’ worth of runway…