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Biden and McCarthy ‘closer to deal’ on debt ceiling
President Biden has said that he should know by the end of Friday whether there is a deal with Republicans to raise the government debt ceiling, so it can continue to pay its bills. Mr Biden said things were looking good and he thought negotiators were very close to a deal. The two sides have a little more breathing room after the US Treasury Secretary, Janet Yellen, extended the debt ceiling deadline by four days, to 5 June.
(Picture: U.S. President Joe Biden. Source: Somodevilla/Getty Images)
Nvidia earnings make chip maker AI superpower
Nvidia, a US firm which specializes in chips powering artificial intelligence, surged as much as 27% on Thursday, putting the company on course for record performance with a market cap above $900 billion.
But where is the future of AI while there are raising concerns about regulation and safety?
And have you ever heard of ‘greedflation’? Find out why price rises might be bringing out some unsavoury tendencies in retail.
(Picture: The logo of NVIDIA is seen displayed on a mobile phone screen with AI (artificial intelligence) written in the background. Source: Getty Images)
Will Ron DeSantis get support from US businesses?
Florida governor Ron DeSantis has filed the necessary paperwork to run for the US presidency, saying he's Donald Trump without the drama. Mr DeSantis is expected to be one of the strongest challengers to the current leader in the polling: Donald Trump, despite being some way behind him. Kasia Madera is joined by Kimberly Adams, a correspondent for Marketplace in the US and Alicia Garcia Herrero, an economist in Singapore.
(Picture: SIOUX CENTER, IA - MAY 13: Florida Gov. Ron DeSantis speaks during the annual Feenstra Family Picnic at the Dean Family Classic Car Museum in Sioux Center, Iowa, on Saturday, May 13, 2023. Picture Credit: Getty Images).
Apple signs a multi-billion-dollar deal with US chipmaker Broadcom
Apple have announced a multi-billion-dollar deal with technology and manufacturing company Broadcom to produce 5G components to be used in its products.
Kasia Madera is joined by economist Gaby Castro-Fontoura in Uruguay and report Andy Uhler in the US.
(Picture: CUPERTINO, CALIFORNIA - SEPTEMBER 07: Apple CEO Tim Cook wears a new Apple Watch Ultra during an Apple special event on September 07, 2022 in Cupertino, California. Picture Credit: Getty Images).
US debt ceiling: The wait for a deal continues
US President Joe Biden and top congressional Republican Kevin McCarthy have been in talks over raising the U.S. federal government's $31.4 trillion debt ceiling.
Kasia Madera is joined by Jessica Khine, Corporate Advisor for the investment firm Astris Advisory in Malaysia and Walter Todd, president and chief investment officer at Greenwood Capital in the US.