EUR/USD
1.18202
0.063%
Gold
3666.56
0.183%
Oil
64.022
0.654%
USD/JPY
147.418
0.297%
GBP/USD
1.36145
-0.066%
GBP/JPY
200.707
0.242%
Real-time News
On September 18th, Nvidia will invest $5 billion in Intel as part of a collaboration between the two tech giants to develop customized data center and personal computing products. Intel will build Nvidias customized x86 CPUs, which Nvidia will integrate into its artificial intelligence infrastructure platform. Intel will also build a chip system for Nvidias small chips that power personal computers. Nvidia CEO Jensen Huang said: "This historic collaboration closely combines Nvidias artificial intelligence and accelerated computing stack with Intels CPUs and vast x86 ecosystem."White House economic adviser Hassett: It seems that the Feds decision depends on the data.White House economic adviser Hassett: The Federal Reserve took a compromise in this decision, which was a prudent decision.White House economic adviser Hassett: Data-dependent decision-making is when the Federal Reserve performs best.On September 18, Morningstars Chief European Market Strategist, Michael Field, said: "Central banks around the world always need to balance two forces: inflation and economic health. Last months (Bank of England) interest rate decision was difficult, but given the latest data showing that inflation remains sticky (high) and close to 4%, this decision (to keep interest rates unchanged) is easier to make. UK economic growth remains weak, but the current inflation rate is close to twice the central banks target level. Economists believe that this high inflation state is temporary, but cutting interest rates at this stage is clearly not conducive to inflation returning to normal levels."
