Nvidia to spend hundreds of billions on US supply chain, says chief

Jensen Huang’s pledge follows onshoring plans by other tech companies as Trump trade policies ripple through industry

Financial Times - Mar. 20

Nvidia CEO Huang praised this Trump policy. And the stock is bouncing.

Nvidia CEO Jensen Huang praised the Trump administration’s AI policies in an FT interview and said he sees the company spending hundreds of billions on U.S.-made electronics.

MarketWatch - Mar. 20

FirstFT: Nvidia to spend billions in US as it shifts chip supply chain from Asia

Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with Maga

Financial Times - Mar. 20

House GOP budget plan would cut domestic spending by $13 billion

House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...

CBS News - Mar. 10

Spending Bill Omits Billions for Local Projects as Congress Cedes Power to Trump

The stopgap measure the G.O.P. is pushing to avert a government shutdown omits billions of dollars in member-requested projects, another way in which Congress has ceded its power on federal spending.

The New York Times - Mar. 14

The blogger who was right about Nvidia is now panning a $25 billion AI company

Jeffrey Emanuel, known for turning Wall Street’s attention to the risk DeepSeek might pose to Nvidia, warns that CoreWeave’s IPO is way overvalued.

MarketWatch - Mar. 20

Nvidia’s big GTC event had no big surprises, but here is where the bulls and bears disagree

Some investors are getting nervous about how a downward turn in the economy could affect Nvidia’s capital spending.

MarketWatch - Mar. 20

UK forges ahead with billions in welfare spending cuts as growth forecast halved

British lawmakers and the public are waiting to see if Reeves will stick to her self-imposed spending and debt rules.

CNBC - 1d

House votes to avoid government shutdown by passing temporary spending bill

The House of Representatives has passed a short-term funding bill to avert a government shutdown. The stopgap bill funds the government until Sept. 30. The measure increases defense spending by $6 ...

CBS News - Mar. 11

European leaders push for even more defense spending — despite plans for $867 billion 'ReArm' package

"I think this is only the start," Lithuanian President Gitanas Nausėda told CNBC's Silvia Amaro on the EU's plans to boost defense spending.

CNBC - Mar. 20

G.O.P. Spending Bill Would Force $1 Billion Cut to D.C. Budget

Republicans omitted a standard provision approving the District’s budget in a stopgap funding measure needed to avert a shutdown before the end of the week. The result would be a 16 percent cut.

The New York Times - Mar. 11

Alphabet Spends $32 Billion to Buy Cybersecurity Startup Wiz

If the deal for Alphabet to buy Wiz closes, it will become the company’s most expensive acquisition ever.

Inc. - Mar. 18

FirstFT: Musk’s government spending cuts fail to halt rising costs

Also in today’s newsletter, Putin’s frontline visit and a new FT film on Nvidia’s rise

Financial Times - Mar. 13

Nvidia’s stock has been ‘brutalized.’ Here’s the big disconnect.

Investors appear worried about the health of AI spending. But big AI customers don’t seem hesitant, an analyst notes.

MarketWatch - Mar. 11

Confidence in German economy surges as parliament approves huge spending plan

Investors welcome prospect of hundreds of billions of euros to be spent on infrastructure and defense

MarketWatch - Mar. 18

Reeves to squeeze public spending further in Spring Statement

Billions of pounds of savings sought from Whitehall budgets to fill a hole in the public finances

Financial Times - Mar. 18

Apple and Nvidia led Monday’s $750 billion tech wreck. How to play the aftermath.

Trump’s policy moves are causing angst. But one analyst says the broader AI thesis is still intact, and he names Tesla and Microsoft among big potential winners.

MarketWatch - Mar. 10

Nvidia’s stock is rebounding, but the key to a real recovery may surprise investors

While Wall Street may be worried about the sustainability of AI spending, a BofA analyst thinks gross margins are more crucial to the stock trajectory.

MarketWatch - Mar. 13

USDA cancels $1 billion in local meal funding for schools and food banks

The USDA said it is promoting wiser government spending, but schools say it will make it tougher to serve healthy meals.

CBS News - Mar. 11

The UK is cutting welfare spending to urge people to work. Critics say it will hurt the vulnerable

Britain’s Labour Party government has announced an overhaul of the welfare system it says will save the cash-strapped administration 5 billion pounds, or $6.5 billion

ABC News - Mar. 18

Musk’s SpaceX Could Secure Billions in New Contracts Under Trump

The boost in federal spending for SpaceX will come in part as a result of actions by President Trump and Elon Musk’s allies and employees who hold government positions. Supporters say he has the ...

The New York Times - 4d

Musk’s SpaceX Could Secure Billions in New Contracts Under Trump

The boost in federal spending for SpaceX will come in part as a result of actions by President Trump and Elon Musk’s allies and employees who hold government positions. Supporters say he has the ...

The New York Times - 4d

Musk’s SpaceX Could Secure Billions in New Contracts Under Trump

The boost in federal spending for SpaceX will come in part as a result of actions by President Trump and Elon Musk’s allies and employees who hold government positions. Supporters say he has the ...

The New York Times - 4d

Nvidia announces DGX SuperPOD with Blackwell Ultra GPUs

Nvidia announced what it called the world’s most advanced enterprise AI infrastructure — Nvidia DGX SuperPOD built with Nvidia Blackwell Ultra GPUs.

VentureBeat - Mar. 18

Nvidia launches Blackwell RTX Pro for workstations and servers

Nvidia today announced the Nvidia RTX Pro Blackwell series — a new generation of workstation and server graphics processing units. Nvidia said the GPUs redefine workflows for AI, technical, ...

VentureBeat - Mar. 18

G.O.P.’s Push to Cut Federal Spending Places New York Budget in Limbo

State leaders no longer expect to get the $91 billion in federal aid they originally anticipated, but exactly how much they will get remains unknown as they try to pass a budget.

The New York Times - 1d