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Exclusive-US warned China to expect updated export curbs in October-US official

The Biden administration warned Beijing of its plans to update rules that curb shipments of AI chips and chipmaking tools to China as soon as early October, a U.S. official said, a policy decision aimed at stabilizing relations between the superpowers. The Commerce Department, which oversees export controls, is working on an update of export restrictions first released last year. The update seeks to limit access to more chipmaking tools in line with new Dutch and Japanese rules, other sources ...
Jawa Timur United States San Francisco White House District Of Columbia Gina Raimondo
Source: yahoo.com

Exclusive-US warned China to expect updated export curbs in October-US official

The Biden administration warned Beijing of its plans to update rules that curb shipments of AI chips and chipmaking tools to China as soon as early October, a U.S. official said, a policy decision aimed at stabilizing relations between the superpowers. The Commerce Department, which oversees export controls, is working on an update of export restrictions first released last year. The update seeks to limit access to more chipmaking tools in line with new Dutch and Japanese rules, other sources ...
United States Jawa Timur White House District Of Columbia San Francisco Karen Freifeld
Source: yahoo.com

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NextEra workers roll the dice with big bet on company stock

NextEra Energy's $5.4 billion retirement plan for employees has suffered about half a billion dollars in losses this year as outsized bets on company stock soured, reflecting ongoing risks of corporate 401(k) policies that encourage concentrated positions in company shares. America’s largest renewable power company is among several U.S. energy and utility companies, including Exxon and Southern Company, that continue to promote big, concentrated bets on company stock in worker retir...
United States Boston College Tim Mclaughlin Bryan Frazier Richard Valdmanis Keith Rasmussen
Source: yahoo.com

In the Market: Fed beware the banking crisis of March

Cadence Bank CEO Dan Rollins calls the regional banking crisis from earlier this year "March madness." "We don't want an asset that doesn't come with a full wallet," Rollins said, referring to a trend since the crisis where banks want customers who want loans to also bring them their deposits. Rollins' southeastern regional bank is not alone.
United States Jeff Jackson Moody Zandi Steve Wyett Paritosh Bansal Mark Zandi
Source: yahoo.com

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