Business
Nvidia Asks Suppliers to Halt H20 Work: RPT, China Makes Veiled Jab at US | The Opening Trade 8/22
Nvidia has instructed component suppliers including Samsung Electronics and Amkor Technology to stop production related to the H20 AI chip, the Information reported, citing unidentified sources.
China used an event marking the final stretch before its biggest diplomatic huddle of the year to accuse the US of “threatening world peace,” in a thinly veiled critique of the rival superpower just before it hosts a key gathering of global leaders.
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The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.
Chapters:
00:00:00 – The Opening Trade
00:02:00 – The Agenda
00:12:20 – Fed’s Hammock: Don’t See Case For September Cut
00:15:25 – Paul Skinner, Wellington Management Fixed Income Investment Director
00:25:58 – Sonja Marten, DZ Bank Head of FX & Monetary Policy Research
00:39:18 – Markets in 3 Minutes
00:43:15 – Stocks to Watch
00:48:02 – European Market Friday Open
00:50:34 – Salman Ahmed, Fidelity International
01:02:48 – Nvidia Asks Suppliers to Halt H20 Work, Information Says
01:08:18 – Germans Learn to Love Stocks After Hoarding Cash for Decades
01:14:16 – Need to Know
01:15:32 – Maria Demertzis, The Conference Board
01:26:42 – Weekend Teaser
01:27:39 – Tourists Escape to Cooler Vacation Spots
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Business
Meta’s Zuckerberg strains to assuage investor worries on AI bet #shorts #meta #ai #zuckerberg
Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports https://bloom.bg/4g3auMc
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Bill Dudley, a Bloomberg Opinion columnist and former New York Fed President, explains why he thinks US the equity market is in bubble territory. Speaking with Romaine Bostick on “Bloomberg The Close,” Dudley also comments on the economic impact of AI and the rise in bond yields.
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The $19 billion market for menopause treatment is booming. But the gold rush is leaving some women behind.
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Gennadiy Goldberg, TD Securities head of US rates strategy, says interest rate hikes by the Federal Reserve could help flatten the yield curve. But he believes the Fed is going to try and hold rates steady. He speaks on “Bloomberg Surveillance.”
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Andy Jassy is pouring billions into AI as Amazon faces its biggest challenge yet. Brad Stone and Matt Day have more in the latest issue of Businessweek
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