AMD Shares Slip After Intel and Nvidia Announce Strategic Collaboration
AMD stock fell 5% after Intel and Nvidia announced a $5B partnership to develop AI and PC chips.
Markets Still Expect Lower Yields After Fed Rate Cut
The Federal Reserve’s rate cut reflects concern over a slowing labor market, but persistent inflation may challenge market hopes for continued easing.
Euro Weakens For Second Day, Greenback Rebounds On Fed Guidance And Strong US Data
The Euro (EUR) trades on the back foot against the US Dollar (USD) on Thursday, with EUR/USD extending its decline for the second straight day as renewed Greenback strength weighs on the pair.