The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%.
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Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC products with the troubled chipmaker.
Gold futures fall further, with investors having the benefit of Fed Chair Powell's press conference following the central bank's 25 basis point rate cut Wednesday. "I don't think metals liked Powell's comment regarding his hardline stance against the idea of a 50 [basis-point] cut," says John Caruso of RJO Futures in a note.
Over 8 million taxpayers are slated to receive one-time ‘inflation refund’ checks from the state of New York.
"We're going to become a very large customer of Intel CPUs, and we're going to be a large supplier of GPU chiplets into Intel" chips, Huang said.
American Express' move highlights an arms race of sorts when it comes to catering to wealthy consumers. JPMorgan and Citi released updated or new cards recently.