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Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell. Bloomberg Economics’ Fed sentiment index — powered by a natural language processing algorithm based on more than 60,000 Fed headlines — shows that in December, Powell delivered a major pivot. By hinting at a swifter shift toward rate cuts, he gave markets a boost ...
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Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get into the details, let’s have a quick history lesson. Nvidia was founded in 1993, and gained quick fame by producing GPUs for video games, which helped particularly with 3D display. However, with recent sudden improvement in AI technology, the company’s GPUs ...