Nvidia AI chip sales to China stalled by U.S. security review, FT reports
Nvidia’s H200 AI chip sales to China remain in limbo nearly two months after exports were approved, the Financial Times reported on Tuesday.
UBS beats expectations with $1.2 billion fourth-quarter profit, plans $3 billion buyback
UBS reported its fourth quarter earnings on Wednesday.
Global software stocks extend losses amid fears over AI-led disruption
Wall Street’s fears around artificial intelligence-driven disruption affecting software companies made their way to Asia and Europe.
Nintendo shares sink 10% as gaming giant faces memory shortage concerns
Nintendo is facing pressure this year from a shortage in memory chips — a key component in its gaming consoles — that has resulted in surging prices.
Pinterest CEO rebukes, fires ‘obstructionist’ employees who created tool to track layoffs
Pinterest CEO Bill Ready lashed out at staffers who created an internal tool to track layoffs at the company, and fired those involved.
CNBC Daily Open: Nvidia denies rift with OpenAI, while software and asset management stocks plunge
Nvidia CEO Jensen Huang told CNBC’s Jim Cramer on Tuesday that there’s “no drama involved” between the company and OpenAI. “Everything’s on track,” he added.
KKR and Singtel to take full ownership of data center firm STT GDC for about $5 billion
The deal pegs the enterprise value at S$13.8 billion.
Fed’s Stephen Miran resigns from White House post
Federal Reserve Governor Stephen Miran has stepped down from his position as chair of the Council of Economic Advisers, CNBC has confirmed.
Gold extends gains, breaking past $5,000; Asia stocks trade mostly higher, breaking ranks with Wall Street
Asia-Pacific markets mostly rose, breaking ranks with Wall Street as a sell-off in U.S. technology stocks weighed on sentiment.
Oil giants brace for a bruising earnings season — with shareholder returns at risk
A weaker crude price environment has ramped up the pressure on Big Oil’s commitment to allocating cash to shareholders.
