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Nvidia, AMD, Micron fall as AI stock sell-off deepens
Source: CNBC
Original reporting
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BBC Business2 outlets
UK economy sees surprise growth in August ahead of Healey's first Budget
The uptick helped the economy grow by 0.7% over the three months to August, official figures show.
The Guardian
Chancellor John Healey pledges to protect ‘resilience’ of UK economy after growth beats forecasts in August – business live
John Healey is speaking to UK journalists at the IMF annual meeting in Bangkok now Today’s better-than-forecast UK growth report is good news for chancellor John Healey as he hobnobs with other finance ministers at the IMF meeting in Bangkok. But it may encourage the Bank of England to raise interest rates as soon as its next meeting in November…. “While August’s unexpected uptick all but confirms that the OBR will raise its growth forecast for this year from 1.1% to 1.4%, the Chancellor still faces a major Budget headache, as elevated borrowing costs eat into fiscal headroom and increase pressure for tax rises. “These unexpectedly upbeat figures will further embolden hawkish sentiment among policymakers by reinforcing the view that the economy is strong enough to withstand a rate rise, making a November hike look highly likely.” “The latest GDP figures are encouraging, with the economy
CNBC
China indicates rare earths will keep flowing to EU, regardless of U.S. trade deal expiration
European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.
CNBC
UK economy grew 0.1% in August, beating expectations
The U.K. is grappling with a cost-of-living crisis sparked by sticky inflation and surging energy costs.
CNBC
TSMC posts record profit for a sixth straight quarter, beating estimates on AI boom
TSMC reported its third-quarter earnings on Thursday.
CNBC
Elon Musk says Trump is 'ultimately' responsible for any curbs on Ukraine's Starshield systems
"Any limits on speed or usage are decided by the US military and ultimately POTUS," Musk wrote.