Navdeep Yadav

Feb 3, 2025 | benzinga.com | Navdeep Yadav

Larry Summers, the former U.S. Treasury Secretary, has criticized President Donald Trump’s ‘Bizarre' decision to impose a 25% tariff on goods from Canada and Mexico. What Happened: Summers, in an interview with CNN, described the tariffs as a “stop-or-I'll-shoot-myself-in-the-foot kind of threat policy.” He emphasized that the tariffs defy economic logic, leading to higher prices for consumers and increased costs for American producers.

Feb 1, 2025 | es.benzinga.com | Navdeep Yadav

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Jan 30, 2025 | benzinga.com | Navdeep Yadav

Broadcom Inc. rose nearly 5% in premarket trading on Thursday. What Happened: This uptick comes on the heels of an announcement by Meta Platforms Inc. regarding its plans to ramp up the use of chips designed in collaboration with Broadcom. During an investor conference call, Meta’s CFO, Susan Li, unveiled the company’s strategy to increase the deployment of its custom Meta Training and Inference Accelerator (MTIA) chips. These chips are a product of Meta’s collaboration with Broadcom.

Jan 28, 2025 | benzinga.com | Navdeep Yadav

Billionaire investor Ray Dalio issued a warning on Monday about a potential bubble in U.S. artificial intelligence (AI) stocks, drawing parallels with the dotcom bust of the early 2000s. What Happened: Dalio, founder of Bridgewater Associates, has raised alarms over the soaring valuations of U.S. AI stocks, warning of a potential bubble fueled by high prices and interest rate risks.

Jan 23, 2025 | benzinga.com | Navdeep Yadav

The World Trade Organization’s (WTO) chief issued a warning on Thursday about the potentially disastrous impact of trade wars on global economic growth. What Happened: Ngozi Okonjo-Iweala, the WTO’s Director-General, voiced her concerns during a debate at the World Economic Forum in Davos, Reuters reported. The conversation centered around the tariff threats posed by U.S. President Donald Trump.