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Baystreet
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Nvidia To Take $5.5 Billion Charge Tied To China Exports
- Nvidia to take a $5.5 billion charge tied to H20 GPUs exports to China.
- US government requires Nvidia to obtain a license for chip exports to China and other destinations.
- Concerns arise regarding potential impact on Nvidia's growth due to increased export restrictions.
- Nvidia stock down 6% in premarket trading, affecting Nasdaq Composite index.
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Bloomberg Quint
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Google Removes 247 Million Ads, Suspends 2.9 Million Accounts In India For Policy Violations
- Google removed over 247.4 million ads and suspended 2.9 million advertiser accounts in India for policy violations in 2024.
- On a global scale, the software firm removed 5.1 billion ads that they deemed "harmful to users."
- The most common reason for ad removal was for "abusing the ad network," which was the reason 793.1 million ads were removed.
- The firm also suspended 39.2 million accounts for "advertiser fraud".
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Baystreet
5d
50
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European Chipmaker ASML’s Earnings And Guidance Hit By Tariff Uncertainty
- European chipmaker ASML Holding (ASML) reported mixed financial results and issued weak guidance due to uncertainty caused by U.S. tariffs and trade tensions.
- ASML's sales for Q1 2025 were €7.74 billion, slightly below analysts' forecasts of €7.77 billion.
- The company's profit rose to nearly €2.36 billion, up 93% YoY and ahead of Wall Street forecasts.
- ASML expects Q2 sales between €7.2 billion and €7.7 billion, with a gross margin of 50% to 53% due to ongoing uncertainty surrounding U.S. import tariffs.
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Blackenterprise
5d
20
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Black Public Media’s PitchBLACK Forum Poised To Surpass $2 Million In Funding For Black Creatives
- Black Public Media's PitchBLACK Forum announced it will award over $2 million in funding for film and immersive projects this year.
- The forum, recognized as the largest pitch competition for independent filmmakers and creative technologists focused on Black narratives, will take place in Harlem on April 30 and May 1.
- The event will feature the PitchBLACK Awards, the presentation of the BPM Trailblazer Award to Lillian E. Benson, and pitches from talented creatives.
- Sponsors of the forum include Netflix and PBS, and the event will provide a platform for filmmakers to showcase their projects to industry professionals and funders.
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Baystreet
5d
184
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United Airlines Posts Mixed Results And Suspends Some Domestic Flights
- United Airlines (UAL) reports mixed Q1 financial results, with EPS of $0.91 US, beating estimates, and revenue of $13.21 billion US, slightly below expectations.
- In response to weakening travel demand, United Airlines plans to suspend some domestic flights, reducing domestic capacity by about 4% starting in Q3.
- While domestic flight revenue declined by 4% compared to last year, sales on international routes increased by over 5% in Q1.
- United Airlines maintains its full-year forecast but offers a second forecast of earnings per share should the US economy enter a recession.
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Baystreet
5d
180
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Investors Eye Gold Stocks as Precious Metals Enter Parabolic Phase
- The gold rally since March has reignited interest in mining stocks, with investors eyeing companies like RUA GOLD Inc., Caledonia Mining Corporation, and others.
- Gold's record-breaking surge, with prices crossing $3,200, has prompted analysts to raise forecasts to $3,500 and $3,700, citing global macro risks.
- RUA GOLD Inc. announced positive drill results from its Auld Creek project, with improved gold grades supporting the theory of a high-grade zone open to the south.
- RUA's exploration activities in the Reefton district, focusing on advanced geological tools and identified mineralized shoots, aim to unlock the area's potential.
- Other companies like Caledonia Mining, Idaho Strategic Resources, NovaGold Resources, and Probe Gold have also reported strong performance and advancements in their gold projects.
- Amid rising gold prices, interest in antimony has also grown, with RUA's gold-antimony intercepts attracting investor attention.
- RUA Gold's management team, with a track record of successful mining exits and recent financing, is focused on tapping into New Zealand's premier gold district's potential.
- Caledonia Mining reported its best Q1 gold production at the Blanket Mine, while Idaho Strategic Resources and NovaGold Resources highlighted operational successes and growth.
- NovaGold's Donlin Gold mine project in Alaska, with significant resources, could become a prominent U.S. gold producer once operational.
- Probe Gold continues to report high-grade results from its Novador Project in Quebec, supporting resource conversion and mine plan optimization.
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Baystreet
5d
176
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Wednesday’s Stocks To Watch
- Palantir (PLTR) led the stock market rebound but could drop today after winning a supply deal with NATO.
- Hewlett Packard Enterprise (HPE) closed above $15.01, aiming to break out of its downtrend.
- Netflix (NFLX) is fighting off a downtrend and needs to increase its subscription count.
- Albemarle (ALB) will open down by at least 1% after dropping by 5.89% yesterday due to an oversupply of lithium.
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HinduBusinessLine
5d
12
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India’s cotton panel recommends removing 11% import duty
- The COCPC recommends removing the 11% import duty on cotton.
- If the duty cannot be removed fully, freezing the customs duty for the next months is suggested.
- This move is expected to positively impact Indian textile exports to the US.
- Cotton production in India is estimated to be lower this season, leading to increased imports.
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Baystreet
5d
173
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Why Investors Will Get Tariff Clarity Within 90 Days
- The White House paused its latest set of tariffs by 90 days.
- The government plans to have a completed legal document about tariffs in 90 days, involving 14-15 of America's largest trading partners.
- The completed legal document does not include China.
- Stock markets are highly volatile, and there are risks of lower stock indices and a potential recession in the current quarter.
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HinduBusinessLine
5d
369
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After HDFC Bank and Axis Bank, ICICI Bank cuts savings account rate by 25 bps
- ICICI Bank has reduced the interest rate on savings accounts by 25 bps, following HDFC Bank and Axis Bank.
- The new rates for ICICI Bank are 2.75% for balances up to ₹50 lakh and 3.25% for balances over ₹50 lakh.
- This move is aimed at matching State Bank of India's current rate of 2.70% on savings accounts.
- The rate cuts come after the recent 25 bps reduction in the repo rate by the Reserve Bank of India.
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Baystreet
5d
168
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Is Healthcare the Next AI Gold Rush? Analysts Are Paying Close Attention
- AI is transforming the healthcare industry, with growing adoption leading to improved profitability for healthcare providers.
- Global organizations like WHO and WEF are spearheading initiatives to enhance healthcare through AI collaborations.
- Companies such as Avant Technologies, iCAD, NVIDIA, Clover Health, and Alphabet are driving innovation in AI healthcare solutions.
- The healthcare sector is embracing generative AI, with projections of a 30% CAGR in the AI healthcare market until 2030.
- Avant Technologies and Ainnova are expanding AI-driven healthcare solutions across Latin America.
- Partnerships and initiatives like the Vision AI platform aim to revolutionize early disease detection and preventive care.
- Regulatory advancements and strategic alliances are paving the way for deploying AI technologies in healthcare globally.
- AI-powered diagnostics have the potential to shift healthcare cost models towards early detection and prevention.
- Collaborations like Counterpart Health and Google Cloud's integration of Vertex AI aim to streamline healthcare data systems for clinicians.
- Investors are advised to monitor developments in healthcare AI, particularly with companies like Avant Technologies.
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Baystreet
5d
163
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AI Chip Selloff Alert: Crackdown on Nvidia
- The U.S. government notified Nvidia that it would need a special license to ship its H20 graphics processing chip to China, leading Nvidia to file a significant $5.5 billion charge to its quarterly financial results.
- Nvidia's Q1 results will include costs related to H20 product inventory, purchase commitments, and related reserves.
- The U.S. crackdown on chips and related hardware exported to China poses a challenge for AI suppliers, as they rely on Chinese customers such as Alibaba, ByteDance, and Tencent.
- Investors should expect the next leg down on chip companies, including Intel, Qualcomm, Broadcom, Micron Technology, and Texas Instruments.
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HinduBusinessLine
5d
397
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AMNS India targets 70% green steel production
- AMNS India aims to achieve 70% green steel production by April 2026.
- To achieve this, they are leveraging green electricity, expanding scrap usage, and optimizing processes.
- The company aims to secure at least a three-star green steel rating for a majority of its production.
- AMNS India is exploring the use of hydrogen in its direct reduced iron production process to reduce carbon emissions.
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HinduBusinessLine
5d
352
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Increase States’ share in Central taxes to 50%: Andhra CM to 16th Finance Commission
- Andhra Pradesh Chief Minister, N. Chandrababu Naidu, requested the 16th Finance Commission to increase the states' share in central taxes to 50%.
- Naidu emphasized that the share of horizontal devolution has been declining from 23.4% to 15.80%, resulting in financial loss for Andhra Pradesh.
- He mentioned that Andhra Pradesh lacks a capital like Hyderabad, which has become a major problem.
- Naidu also highlighted the state's development initiatives, aiming to make Andhra Pradesh a $2.4 trillion economy with 15% annual growth in State Gross Domestic Product (GSDP).
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TheNewsCrypto
5d
291
6 Best Cryptos To Buy for Long Term: Finding the Next Bitcoin (BTC) Early
- Bitcoin (BTC) has been the leading token in the cryptocurrency market, but investors are now searching for other cryptocurrencies with long-term potential.
- Rexas Finance (RXS) is a project focused on revolutionizing the tokenization of real-world assets. It has shown significant growth in its presale phase and is expected to have a high post-launch increase in token value.
- Solana (SOL) has experienced a significant increase in value and offers high-performance transactions and low transaction fees. Analysts predict a possible 367.7% return on investment by December 2028.
- Binance Coin (BNB) has become more versatile with cross-chain transactions and its role in decentralized finance. Technical analysis suggests upward momentum, and analysts predict a rise in value to $5217.5 in five years.
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