Nvidia, AMD Reach Deal to Give US a Cut of China AI Chip Sales…
What Does It Mean – The US administration has proposed a deal requiring Nvidia and AMD to remit 15% of revenues from AI chip sales in China, in exchange for relaxed export controls on advanced semiconductors. Nvidia’s H20 AI accelerators and AMD’s MI308 chips are specifically targeted, aiming to balance national security concerns with economic interests amid escalating US-China tech tensions. This payout mechanism is viewed as unconventional and potentially legally tenuous, potentially reshaping global supply chains and revenue models in the semiconductor sector. Read more.
US Consumers to Bear Brunt of Tariff Hit, Goldman Economists Say…
What Does It Mean – Goldman Sachs economists forecast that US consumers will shoulder an escalating portion of tariff costs from President Trump’s policies, increasing from 22% absorption through June to 67% based on prior levy patterns. Initially borne by producers, these costs are anticipated to manifest as price elevations, intensifying inflationary impacts. This transition heightens Treasury market volatility amid fluctuating interest rate cut projections, reflecting broader macroeconomic uncertainties in trade dynamics. Read more.
The Dollar Still Rules…
What Does It Mean – Trump’s trade policies, reorienting the global economic framework toward US primacy, are eroding the dollar’s reserve currency dominance, a pillar of postwar American economic hegemony. The USD underpins 90% of foreign exchange transactions, 50% of merchandise trade, and 60% of official reserves, facilitating deficit financing through foreign investment inflows and enabling overconsumption. Diminished status could restrict fiscal maneuverability, elevate borrowing costs, and provoke diversification into alternative currencies, reshaping international capital flows and financial stability. Read more.
Bitcoin Nears Record as Treasury Investors Boost Crypto Market…
What Does It Mean – Ether (ETH) spearheaded a weekend cryptocurrency surge, climbing over $4,300—its peak since December 2021—amid a broader market uptick driven by institutional demand and corporate treasury allocations. Bitcoin (BTC) advanced 3.3% to $122,000, approaching its mid-July all-time high, while the Bloomberg Galaxy Crypto Index rose 3.5%. This momentum reflects Treasury yield stabilization fostering risk appetite in digital assets, with Ether’s outperformance attributed to Ethereum network upgrades and DeFi ecosystem growth. The rally underscores crypto’s correlation with traditional finance, potentially signaling sustained volatility amid macroeconomic shifts. Read more.
Pocket pancakes? Brewers selling ballpark flapjacks after Pat Murphy’s viral moment…
The Milwaukee Brewers are bringing manager Pat Murphy’s strange eating habits to fans.
Murphy went viral in a recent interview for pulling a pancake out of his uniform pocket and taking a bite — sharing the flapjack with the reporter — as he detailed different ways he shoves food into his pockets to snack on in the dugout.
The moment has spawned quite the movement in Milwaukee. The ballclub announced Friday that “Murph’s Pocket Pancakes” will be sold at American Family Field during Sunday games for the rest of the season, starting with this weekend’s series against the New York Mets.
Murphy was asked before Friday’s game what he thought of the promotion.
“A little late, we’ve been doing this since 2017,” said Murphy, noting he occasionally has been keeping food in his pocket for about that long. “I guess I never did it during an interview (before). It used to be mostly bagels. I had bagels in the morning. … I’d always have one (at) day games usually – a bagel, a waffle, a pancake rolled up, something. Day games, the day gets away from you and need a little something.”
The Brewers haven’t lost since Murphy whipped the pancake out of his pocket last week, building the best record in the major leagues.
“When the facts change, I change my mind.
What do you do?” ~ John Maynard Keynes
Our plan is “the plan will change.”
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