The wrangling on Capitol Hill is not over yet.
As expected, some right-wing Republicans have voiced their opposition to the deal to raise the U.S. debt ceiling. A crucial first test will come on Tuesday, when the House Rules Committee takes up the bill, in a necessary first step before a vote in the full House.
If approved, the deal would remove the prospect of the world's largest economy defaulting. That would in turn allow markets to return their attention to inflation and monetary policy. This Friday's jobs data for May will be closely watched for signs of what the U.S. Federal Reserve might do next. Any more tightening may start to have a real effect on the economy later this year, making it even more difficult for U.S. small and medium companies to borrow money. Consumers are also keeping a tighter rein on their purse strings, fearing the effects of soaring inflation.Technology always seems the answer.
The euphoria over artificial intelligence helped add about $200 billion to Nvidia's market cap in under two days of trading after the chipmaker released blockbuster earnings last Wednesday. Its chief executive Jensen Huang introduced in Taiwan Monday a new AI supercomputer platform aimed at building generative AI models that will help anybody be a programmer, just by speaking to the computer.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
CNBC Daily Open: Next stop, CongressThe wrangling on Capitol Hill is not over yet.
Baca lebih lajut »
CNBC Daily Open: First the debt ceiling, then inflationA deal to raise the U.S. debt limit has finally been reached. But investors still have to contend with sticky inflation and higher interest rates.
Baca lebih lajut »
CNBC Daily Open: After the debt ceiling, inflationA deal to raise the U.S. debt limit has finally been reached. But investors still have to contend with sticky inflation and higher interest rates.
Baca lebih lajut »
Too far, too fast: These stocks may be due for a pullback after exceeding analyst price targetsOur CNBC Pro screen found S&P 500 stocks with an implied downside of at least 3%.
Baca lebih lajut »
Strange New Worlds Season 2 Takes Spock & Chapel To The Next LevelSpock and Nurse Chapel's 'Will they or won't they?' question is answered by Strange New Worlds season 2, but what about T'Pring?
Baca lebih lajut »