Nvidia receives approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China. “The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the company’s CEO Jensen Huang wrote on social media.

(Click on image to enlarge)

US home prices look vulnerable to falling, advises Moody’s chief economist. A 7% mortgage rates are weighing on home sales, home building and home-price growth, which could soon turn into a ‘full-blown headwind’, predicts Mark Zandi.

Electricity prices are expected to surge over the next decade due to energy policy changes in the “big beautiful” bill, according to Energy Innovation, a non-partisan energy and climate think tank. When the clean energy tax credits end at the end of 2025, the shift will raise electricity costs because higher costs for clean energy development will slow the pace of new supply, the group predicts.

China’s economic growth tops forecasts for second quarter. Official numbers report that the world’s second largest economy grew by 5.2% in the three months to the end of June vs. the year-ago level.

(Click on image to enlarge)

More By This Author: