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- Nvidia Faces $5.5B Hit Amid New U.S. Export Restrictions
Nvidia Faces $5.5B Hit Amid New U.S. Export Restrictions
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Nvidia Faces $5.5B Hit Amid New U.S. Export Restrictions
Nvidia anticipates a $5.5B charge in Q1 due to U.S. restrictions on exporting its H20 AI chips to China. The policy shift requires special licenses for sales, impacting Nvidia's operations and contributing to a 5.9% stock drop.
United Airlines Issues Dual Profit Forecasts Amid Economic Uncertainty
United Airlines provided two EPS forecasts for 2025: $11.50–$13.50 if the economy remains stable, and $7.00–$9.00 if a recession occurs. Q1 EPS was $0.91, surpassing the $0.74 estimate. The airline plans a 4% domestic capacity cut in Q3, citing unpredictable macro conditions.
Gold Surges to $3,317 on Rate Cut Bets, China Tensions
Gold hit a record $3,317.90/oz as markets priced in Fed rate cuts and reacted to U.S.-China trade friction. The dollar weakened, boosting demand for bullion. Gold is up nearly $700 YTD, with central banks and ETFs increasing allocations.
🪙 Crypto
OKX Relaunches in U.S. with Exchange, Web3 Wallet, and New CEO
OKX has launched a U.S. crypto exchange and Web3 wallet, appointing Roshan Robert as CEO. The move follows a $500M DOJ settlement and includes a San Jose HQ, enhanced compliance measures, and migration of OKCoin users to the OKX platform.
🌎 Global Economy
Weak Dollar's Global Ripple Effects
The WSJ reports that a weakening U.S. dollar impacts global economies by making U.S. exports more competitive and increasing the cost of imports. This shift can influence inflation rates, trade balances, and monetary policies worldwide.