HP Inc. reported a 1.7% increase in Q4 revenue to $14.1 billion, with Personal Systems revenue up 2% to $9.59 billion compared to the estimated $9.74 billion. The company’s Q1 profit forecast fell below expectations, leading to a 7% drop in HPQ stock after hours trading.
Full Article
Trump strikes “wild” deal making US firms pay 15% tax on China chip sales
As the August 12 deadline for a US-China trade deal approaches, President Trump has created confusion regarding national security priorities, particularly with a TikTok ban that remains unaddressed. In a surprising move, Trump secured a deal requiring Nvidia and AMD to pay the US government 15% of their revenue from advanced chip sales to China, raising concerns about these chips potentially enhancing China's AI capabilities. Want More Context? 🔎
Read more