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‘Something weird’s going on’ in the economy as 6 new economic classes take shape, says New York Times bestselling author
In the new American economy, the poor own cars, the middle class own homes and the rich own businesses. Nick Maggiulli, author of “The Wealth Ladder,” explains.
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Nvidia, AMD agree to pay US 15% of China chip sale revenue
Nvidia plans to share 15% of the revenue from sales of its H20 chip in China and AMD will deliver the same share from MI308 revenues.
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What Putin wants from Trump at Alaska summit
Russian president secures first official invitation to US in almost two decades ahead of sanctions deadline
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Europe urges Trump to use sanctions pressure ahead of Putin summit
Washington advised to use economic penalties to shape talks and enforce any ceasefire
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Dow futures rise as Wall Street and the Fed brace for updates on how much Trump’s tariffs are stoking inflation
The consumer price index for July will come out on Tuesday, and Wall Street expects a 0.2% monthly overall increase and a 0.3% uptick in the core CPI.
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OpenAI’s open source pivot shows how U.S. tech is trying to catch up to China’s AI boom
DeepSeek’s AI models are still influencing the AI conversation, even eight months later.
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Exclusive: Former Intel CEO Craig Barrett outlines plan to save Intel and America’s advanced chip manufacturing
Intel needs a cash infusion of roughly $40 billion to remain at the leading edge of chip manufacturing, according to former CEO Craig Barrett. The U.S. government is unlikely to be the main savior—instead cash rich chip customers like Nvidia, Apple, and Google need to step up.
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Nvidia and AMD to pay 15% of China chip sale revenues to US government
Chipmakers agree to unusual arrangement to secure export licences from Trump administration
