business / news / / The Economic Times
Rising oil prices and geopolitical tensions added to economic uncertainty.
The Federal Reserve now signals only one rate cut for 2024 with no timing given.
KEY POINTS
- Producer Price Index rose 3.4% year-on-year, significantly above the 2.9% forecast.
- Brent crude surged near $110 after reports of attacks on Iran's oil facilities.
- Nvidia received Beijing's approval to sell its second-most-powerful AI chips in China.
- AMD and Samsung expanded their strategic partnership for AI memory chip supplies.
COMPANIES
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