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Wall Street futures gain as AI advances overshadow US-Iran tensions
Wall Street futures gain as AI advances overshadow US-Iran tensions June 1 : U.S. stock index futures climbed on Monday, starting June on a firm footing, as the latest AI push from Nvidia and Microsoft lifted shares, even as uncertainty over the Middle East war lingered. Nvidia rose 1.6 per cent in premarket trading after the world's most valuable company unveiled a new chip that brings AI capabilities to laptops and desktops, set for release this fall. The chip is a result of a three-year...
US agency goes back to the future to take on China’s Belt and Road Initiative
US agency goes back to the future to take on China’s Belt and Road Initiative The US International Development Finance Corp mixes national security and foreign investment in its supply chain quest Created in 2019 during President Donald Trump’s first administration, the US International Development Finance Corporation (DFC) puts its money into private-led projects rather than those led by the state, as is often the case with China. The agency operates in more than 100 countries, mostly in...