China asks tech firms to halt orders for Nvidia’s H200 chips: report

China asks tech firms to halt orders for Nvidia’s H200 chips: report

[ad_1] [BENGALURU] Beijing has asked some Chinese tech companies to halt orders for Nvidia’s H200 chips this week, and is expected to mandate domestic artificial intelligence (AI) chip purchases, the Information reported on Wednesday (Jan 7), citing sources familiar with the matter. Nvidia has been caught between Washington and Beijing, as the United States tightens…

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Samsung expects record Q4 operating profit, beating expectations

Samsung expects record Q4 operating profit, beating expectations

[ad_1] [SEOUL] Samsung Electronics on Thursday projected a 208 per cent jump in fourth-quarter operating profit from a year earlier, beating analysts’ estimates as tight supply and a surge in artificial intelligence-driven demand pushed up prices for conventional memory chips. The world’s largest memory chipmaker estimated an operating profit of 20 trillion won (S$17.7 billion)…

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Jefferies takes US$30 million hit on First Brands as profit drops

Jefferies takes US million hit on First Brands as profit drops

[ad_1] [NEW YORK] Jefferies Financial Group posted a drop in quarterly profit as the bank took a US$30 million pre-tax loss tied to the collapse of auto-parts supplier First Brands Group. Net earnings for the fiscal fourth quarter declined 7.2 per cent from a year earlier to US$191 million, Jefferies said on Wednesday (Jan 7).…

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JPMorgan reaches deal to take over Apple credit card: report

JPMorgan reaches deal to take over Apple credit card: report

[ad_1] [BENGALURU] JPMorgan Chase has reached a deal to take over Apple’s credit-card programme from Goldman Sachs, The Wall Street Journal reported on Wednesday (Jan 7), citing sources familiar with the matter. The biggest US bank will become the new issuer of Apple Card, one of the largest co-branded credit-card programmes in the country with…

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Blakeman hits Hochul for chummy relations with Chinese Communist Party officials after Linda Sun scandal

Blakeman hits Hochul for chummy relations with Chinese Communist Party officials after Linda Sun scandal

[ad_1] Commie here often? Nassau County Executive Bruce Blakeman called for a probe of Gov. Kathy Hochul’s administration Wednesday as unearthed records revealed her aides kept up chummy relations with Chinese government officials — even after the firing of accused Beijing agent Linda Sun. The federal charges against Sun — a former top aide to…

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Oil falls after Trump reveals plan for Venezuelan oil

Oil falls after Trump reveals plan for Venezuelan oil

[ad_1] [NEW YORK] Oil prices fell on Wednesday as US President Donald Trump’s plan to refine and sell Venezuelan crude oil raised concerns about the long-term impact of US actions. US data on Wednesday showed job openings fell more than expected in November while hiring eased, but investors were keen to see Friday’s US employment report for December. Investors…

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European stocks cool as traders assess Venezuela fallout, economic data

European stocks cool as traders assess Venezuela fallout, economic data

[ad_1] EUROPEAN stocks ended flat on Wednesday, snapping a run of record closes as investors paused to digest the latest US-Venezuela developments and sifted through a fresh batch of economic data. Even though markets have mostly shrugged off the recent uptick in geopolitical risk, investors turned more cautious after President Donald Trump said the US…

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Stream It Or Skip It: ‘Marcello Hernandéz: American Boy’ on Netflix, new ‘SNL’ star is more mama’s boy than Domingo

Stream It Or Skip It: ‘Marcello Hernandéz: American Boy’ on Netflix, new ‘SNL’ star is more mama’s boy than Domingo

[ad_1] Marcello Hernandéz broke out on Saturday Night Live by playing a paramour named Domingo, and now he’s ready to show us all what he’s made of in his debut comedy special for Netflix. The Gist: Raised in and around Miami by a Cuban immigrant mother and a Dominican immigrant father, Hernandéz went to college in…

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