Initial estimates of third-quarter economic activity indicate a downshift in output, based on the median for a set of nowcasts compiled by CapitalSpectator.com. Although the current numbers don’t anticipate recession conditions, the median estimate highlights a significant slowdown vs. Q2’s increase.

Continue reading →

Nvidia and AMD to pay 15% of China chip sales to the US government. “The two chipmakers agreed to the financial arrangement as a condition for obtaining export licences for the Chinese market that were granted last week, according to people familiar with the situation, including a US official,” the FT reports.

Continue reading →