PBOC sets USD/CNY reference rate at 7.0830 vs. 7.0723 previous
The reference rate for the United States Dollar to Chinese Yuan was established at 7.0830 by the People’s Bank of China (PBOC), slightly higher than the previous rate of 7.0723. This move reflects the PBOC’s efforts to maintain currency stability amid ongoing global market volatility. The central bank’s focus on managing the value of the […]
Nvidia stock hits record highs, but CEO Jensen Huang faces strategic challenges
Nvidia’s stock has reached new highs, fueled by the company’s leadership in AI chips and growing demand across industries. However, CEO Jensen Huang is focused on the challenges that come with this rapid growth, including staying ahead in an increasingly competitive market. As Nvidia expands, competition from AMD and Intel is intensifying, especially in the […]