Buy this chipmaker over Nvidia as AI competition ramps up, strategist says

Buy this chipmaker over Nvidia as AI competition ramps up, strategist says

Investors can look to Taiwan Semiconductor Manufacturing for a steady way to play the artificial intelligence rally, according to F.L.Putnam Investment Management chief market strategist and portfolio manager Ellen Hazen. Hazen appeared on CNBC’s ” Power Lunch ” on Tuesday and shared her thoughts about the best way to navigate the AI trade, which has…

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China consumer inflation hits near two-year high despite deeper-than-expected producer deflation

China consumer inflation hits near two-year high despite deeper-than-expected producer deflation

People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024.  Adek Berry | AFP | Getty Images China’s consumer inflation accelerated in November to the highest level in nearly two years while producer price deflation worsened, underscoring the challenge policymakers face in reviving domestic demand amid persistent…

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AFT slams crypto market bill, warns of ‘profound risks’ for retirement

AFT slams crypto market bill, warns of ‘profound risks’ for retirement

The American Federation of Teachers, the powerful labor union that represents 1.8 million members, is urging the Senate Banking Committee to reconsider its crypto market structure bill, the Responsible Financial Innovation Act, calling the proposed legislation “as irresponsible as it is reckless” in a letter exclusively obtained by CNBC. In the letter that AFT president…

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