China is on target for its lowest growth in a decade

China fixed its own on Thursday GDP growth target 4.5% to 5% by 2026 – the lowest target on record dating back to the early 1990s – Beijing expects growth to rise to 7% with continued deflationary pressures and trade tensions with US defense spending, the slowest increase since 2021, according to a copy of the government jobs report seen by CNBC, though analysts believe the official figures will be lower.

Vote to force President Donald Trump to withdraw War on Iran failed to pass in the US Senate on Wednesday. The resolution faced a lot of hurdles and was largely symbolic, as Trump was certain to veto it. Spanish Prime Minister Pedro Sanchez on Wednesday described the Middle East war as a “disaster”. It follows Trump’s pledge to cut trade with Madrid after Spain’s government barred two bases it jointly operates on its territory from being used in strikes.

Amazon’s Bahrain data center was targeted by Iran for supporting the US military, state media Fars news agency said on Wednesday. The company’s cloud computing unit said on Monday that one of its facilities in Bahrain was damaged by a nearby drone strike on Sunday. Two data centers in the United Arab Emirates were damaged after a “direct hit” by drones.

Global 15% tariffs kick in this week, US Treasury Secretary Scott Bessant told CNBC that the current rate is up from 10%. Besant predicted that US tariffs would be effectively restored by August, before the Supreme Court recently overturned the steep tariffs that Trump unilaterally imposed on most of the world last year.

A tech industry group has expressed ‘concern’ to US Defense Secretary Pete Hegseth Once a company is designated as a supply chain risk. Anthropic was not named in the letter written by the Information Technology Industry Council, but the artificial intelligence company was given that label Friday after failing to secure a deal with the Defense Department. Participating companies include Nvidia, Google, Anthropic, Microsoft, Apple and Amazon.

Broadcom reports earnings and revenue beat, And the chipmaker gave a strong forecast for the current period as it rides the artificial intelligence boom. The stock rose 5% in extended trading on Wednesday. “We have a line of sight to achieve over $100 billion in chips, AI revenue from chips alone in 2027,” Broadcom CEO Hock Tan said in a conference call with analysts. “We’ve also got the supply chain in place to achieve this.”

Nvidia CEO Huang $30 billion open AI investment ‘could be last’

Nvidia CEO Jensen Huang said the company’s recent $30 billion investment in OpenAI is the “last time” it will invest in an artificial intelligence startup before going public by the end of the year.

A $100 billion investment touted by the two companies in September is probably “not in the cards,” he said.

“That’s because they’re going public,” Huang said at the Morgan Stanley Technology, Media and Telecom conference on Wednesday.