Trump says Nvidia not allowed to sell advanced AI chips to China- 60 Minutes

The White House has announced that China is set to restart exports of three essential metals, including gallium, to the United States as part of a trade truce. This development is significant as it marks a step towards easing trade tensions and could benefit various industries reliant on these metals, fostering better economic relations between the two countries.

The US Supreme Court is set to make a landmark decision regarding the legality of many tariffs imposed by former President Trump. This ruling could have significant implications for the extent of presidential power in economic matters and could affect billions of dollars in trade. As the world watches, the outcome may reshape future tariff policies and the balance of power between the executive branch and Congress.

In a recent statement, Donald Trump criticized Nvidia's Blackwell AI chip, claiming it is not intended for 'other people.' This remark raises concerns about the accessibility and distribution of advanced AI technologies, which are becoming increasingly vital in various sectors. Trump's comments could influence public perception and regulatory discussions surrounding AI development and its implications for competition and innovation.

Donald Trump recently commented on immigration raids, stating that the efforts made by immigration agents have not gone far enough. He defended the tactics used by these agents, emphasizing the necessity of removing individuals from the country. This statement reflects ongoing debates about immigration policies and enforcement in the United States, highlighting the complexities and differing opinions surrounding the issue.

China's recent decision to suspend additional export controls on rare earth metals and halt investigations into US semiconductor companies marks a significant shift in trade relations. This move is expected to ease tensions between the two nations and stabilize the semiconductor supply chain, which is crucial for various industries. By fostering a more cooperative environment, both countries may benefit economically, paving the way for future collaborations.

Chinese oil refiners are increasingly turning away from Russian shipments due to sanctions imposed by the US and other countries on Moscow's leading oil producers. This shift is significant as it highlights the growing impact of international sanctions on Russia's economy and its ability to export oil, which is a crucial revenue source for the country. The situation raises concerns about the stability of global oil markets and the potential for increased prices as supply chains are disrupted.

Gold prices have fallen below $4,000 an ounce following China's decision to end a tax rebate for certain retailers. This move is significant as it may dampen demand in one of the world's largest markets for precious metals, potentially impacting global gold prices and investor sentiment.

Gold prices have taken a hit following reports that China's Finance Ministry will end a tax incentive for gold sales starting November 1. This decision is significant as it could dampen demand for gold in one of the world's largest markets, potentially leading to further declines in prices. Investors and traders are closely monitoring the situation, as changes in policy can have widespread implications for the global gold market.

In a recent interview with 60 Minutes, former President Donald Trump stated that Nvidia is prohibited from selling advanced AI chips to China. This decision highlights ongoing tensions between the U.S. and China regarding technology and trade, as the U.S. seeks to maintain its competitive edge in artificial intelligence. The implications of such restrictions could significantly impact the global tech market and the future of AI development.

The dollar is nearing a three-month peak as investors eagerly anticipate upcoming US data releases. This trend reflects growing confidence in the US economy, which could influence monetary policy decisions. As traders keep a close eye on these developments, the dollar's strength may impact global markets and investment strategies.

The White House has announced that China is set to restart exports of three essential metals, including gallium, to the United States as part of a trade truce. This development is significant as it marks a step towards easing trade tensions and could benefit various industries reliant on these metals, fostering better economic relations between the two countries.

Dr. George F. Tidmarsh, the chief of the FDA's drug unit, has resigned, citing a toxic work environment amid an ethical dispute over his criticisms of a drug and a new fast-track approval program for medications. This resignation raises concerns about the internal culture at the FDA and the potential impact on drug approval processes, which are crucial for public health.

In September, Australia saw a modest rise in household spending, indicating a slight improvement in consumer demand. However, the overall demand remains patchy, suggesting that while some sectors may be recovering, others are still struggling. This trend is important as it reflects the ongoing challenges in the economy and the varying levels of consumer confidence across different regions and industries.

The US Supreme Court is set to make a landmark decision regarding the legality of many tariffs imposed by former President Trump. This ruling could have significant implications for the extent of presidential power in economic matters and could affect billions of dollars in trade. As the world watches, the outcome may reshape future tariff policies and the balance of power between the executive branch and Congress.