Nvidia has another year to complete its proposed $40 billion acquisition of chip designer ARM Holdings before it faces any kind of financial ramifications if the deal does not get done. Read More...
Bloomberg
Oil Slumps to Lowest Since May After Fed Signals Taper This Year
(Bloomberg) — Oil slumped below $65 a barrel to the lowest level since May as the U.S. Federal Reserve signaled it was set to start tapering asset purchases within months, hurting commodities and supporting the dollar. West Texas Intermediate fell 1.4%, declining for a sixth straight day, as global benchmark Brent also retreated. Most Fed officials agreed last month that they could start slowing the pace of bond purchases later this year, according the minutes of their July gathering, released
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