finance
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How U.S. Export Controls on AI Chips Are Reshaping the Global Tech Order
The U.S. government’s decision to indefinitely restrict the export of Nvidia’s H20 artificial intelligence chip to China has triggered a significant financial and strategic upheaval within one of the world’s leading AI hardware firms. Nvidia has disclosed it will incur a $5.5 billion charge, a figure reflecting losses tied to inventory, contractual purchase obligations, and…
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Gold Surges Past $3,300 as U.S.-China Trade War Escalates
Gold has surged to an unprecedented level above 3300 dollars per ounce, exceeding 3317 dollars, in the midst of intensifying tensions between the United States and China over tariffs and technology exports. Fears of a potential global recession and the need for safe-haven investments have propelled it to new heights, with investors reacting to the…
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IEA Cuts Oil Demand Forecasts Citing Long-Term Oversupply Concerns and OPEC’s Market Strategy Shift
Natasha Kaneva from JPMorgan, speaking on “Bloomberg The Close,” emphasizes that the International Energy Agency (IEA) has reduced its global oil demand forecast for 2025 by nearly one third, warning of an oversupply that could extend into 2026. She explains that her baseline view for over a year has been that significant oversupply would affect…
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Trump Proclaims Inflation “Solved” Amid Shifting Tariff Policies
In a statement emblematic of his unorthodox economic messaging and self-congratulatory rhetorical style, U.S. President Donald J. Trump declared on Monday that he had effectively “solved inflation” in the United States, invoking recent economic data and market behavior as justification. The claim was made during a meeting in the Oval Office with President Nayib Bukele…
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Ray Dalio Warns Trump’s Tariffs Could Trigger Crisis Worse Than a Recession
In a pointed and sobering intervention amid one of the most volatile financial weeks of 2025, billionaire hedge fund manager Ray Dalio warned that the United States may soon confront an economic crisis more devastating than a conventional recession. His remarks, delivered during an interview on NBC’s Meet the Press and reported by Maya Yang,…
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Argentina Ends Capital Controls After $20B IMF Deal in High-Risk Bid for Economic Reform
Argentina’s libertarian administration, under the leadership of President Javier Milei, has undertaken a radical and high-risk transformation of the country’s economic architecture by announcing the immediate dismantling of long-standing capital and currency controls. This bold move—described by President Milei as a foundational shift toward economic liberalization—has been rendered feasible by a $20 billion financial stabilization…
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Gold at the Faultlines: Tariff Escalations and the Flight from a Fractured Global Economy
The recent surge in gold prices to historic highs is not merely the consequence of inflation anxiety or speculative fervor, but rather a complex and volatile interplay of macroeconomic forces unleashed by the renewed intensification of the United States–China trade war. Spearheaded by the tariff-driven policies of former U.S. President Donald Trump, this escalation has…
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The Day the Markets Died: Unleashing the Largest Stock Market Crash in Global History
On April 2, 2025, U.S. President Donald Trump declared a national emergency, citing the United States’ substantial and persistent trade deficits as a threat to national economic security. Invoking the International Emergency Economic Powers Act (IEEPA), he announced the implementation of a universal 10% tariff on all imported goods, effective April 5, 2025. In addition…
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Cathedrals of Code: On the Theological Economy of Silicon Capitalism
In the constellation of late capitalist titans, the contemporary standing of Apple, Microsoft, Alphabet (Google), Meta Platforms (Facebook), and OpenAI serves as both a quantitative measurement of economic gravity and a qualitative index of the unfolding spiritual, political, and epistemological transformations of our era. The sheer scale of their current market capitalizations—Apple at $3.8 trillion,…
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