“The Fed minutes yesterday were a bit hawkish and they said ongoing rate hikes would be necessary and that should obviously be negative for the market,” said Sandy Villere, portfolio manager at Villere & Co. in New Orleans.
On Wall Street, the Nasdaq regained earlier losses from better-than-expected revenue at chipmaker Nvidia. The results drove the company’s shares up 14%, along with shares of other semiconductor manufacturers. Oil prices firmed more than 1% before paring some gains, with Russian supply curbs partially offsetting an expected rise in US inventories.
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Asia stocks see bright side after Nvidia sounds upbeatAsian stock markets eked gains after better-than-expected revenue at chip giant Nvidia helped the sector in Taiwan and South Korea and offset worries that strong economic data so far this year is a harbinger of even more rate hikes.
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Microsoft inks Nvidia game deal to assuage regulators over Activision merger - BusinessWorld OnlineBRUSSELS – Microsoft Corp. has struck a 10-year deal to bring “Call of Duty” and other Activision games to Nvidia Corp’s gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision. Regulators and competitors like Sony have come out hard against the proposed Microsoft–Activision tie-up. The move may allay concerns by ensuring more ways for consumers to get games controlled by Microsoft, but regulators around the […]
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