Tesla Shuts Down Dojo Supercomputer Program: A Win for NVIDIA and AMD
Tesla’s recent decision to shut down its internal Dojo supercomputer program is expected to benefit chipmakers NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD), according to Wells Fargo analysts. Reports from August 7 reveal that Tesla is disbanding its Dojo team, which was...
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China Current Account Surplus Q2 2025 Hits Record $135.1 Billion
China’s current account surplus Q2 2025 surged to a record USD 135.1 billion, a sharp increase from USD 55.5 billion in the same quarter last year. This strong performance was driven by a significant rise in the goods trade surplus...
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Trump’s Executive Order Opens Door for Crypto in 401(k) Retirement Accounts
President Donald Trump signed an executive order on Thursday directing the U.S. Labor Department to reassess restrictions on alternative assets, including crypto, private equity, and real estate, in 401(k) and defined-contribution retirement plans. This move signals a potential shift in...
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US Initial Jobless Claims Rise to 226,000, Indicating Labor Market Softening
Key Takeaways US Initial Jobless Claims Signal Labor Market Weakness In the final week of July 2025, initial jobless claims in the US increased by 7,000 to 226,000, surpassing market forecasts of 221,000. This rise highlights growing signs of cooling...
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Bank of England Cuts Interest Rate to 4% in Historic Split Vote
The Bank of England cut interest rates to 4% in August 2025, marking the first reduction in over a year and the lowest level since March 2023. The decision, which came through a rare two-round vote, reflects growing tension between...
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