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Sustainable Development - Just My View with Andrew O'Donnell

Sustainable Development - Just My View with Andrew O'Donnell

Duration 14m

Wall Street futures a subdued tone, influenced by Nvidia's stock slight after stellar results. Concern over decline due to a sales slowdown in China, coupled with fading investor optimism about potential Federal Reserve rate cuts. Conversely, European shares reached a two-month high, driven by strong performance in real estate stocks. In Japan, the Nikkei share average saw a rebound, bolstered by a weaker yen enhancing exporter shares. Meanwhile, global stock funds experienced a significant inflow, with investors adding $23.5 billion in the second largest week of inflows. Nvidia faces uncertainties with artificial intelligence GPU growth, especially with recent U.S. restrictions on chip sales to China. Despite these challenges, Nvidia's earnings report suggested potential to reach $100 billion in data center revenue by fiscal 2028. U.S. Treasury Secretary Janet Yellen's comments on progress in controlling inflation and the latest CPI report indicating a 4% rise in prices, though lower than the previous year, suggest ongoing economic challenges. In the cryptocurrency, Binance CEO Changpeng Zhao resigned following legal troubles, with the company facing significant fines. Warren Buffett's charitable actions continued with a substantial donation of Berkshire Hathaway stock to family charities. Deere & Co projected a lower profit for 2024, impacted by high borrowing costs and reduced demand for farm equipment. Canada launched the Critical Minerals Infrastructure Fund to support sustainable development in the critical minerals sector. ExxonMobil began drilling for lithium in Arkansas, aiming to become a significant supplier for electric vehicles by 2030.