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ByteDance’s rush for Nvidia chips backfires as China blocks their use

Key Takeaways ByteDance spent billions stockpiling Nvidia GPUs like H100 and H20 ahead of US export restrictions. Chinese regulators have blocked ByteDance from using Nvidia chips in new data centers, leaving many chips unused. Share this article TikTok-owner ByteDance has encountered an unexpected hurdle, as Chinese regulators have prohibited the use of Nvidia chips in … Read more

Enterprise Products: Trump “weaponizing” ethane exports to China backfires against U.S.

Leading U.S. energy products exporter Enterprise Products Partners warned that the Trump administration continuing to “weaponize” fossil fuel shipments to China would only backfire against U.S. shippers. Enterprise co-CEO Jim Teague issued his complaints during the July 28 earnings call about two months after the U.S. Commerce Department temporarily banned ethane exports to China as … Read more

TACO trade backfires on Wall Street as Trump charges ahead on tariffs

Wall Street thought it had President Donald Trump all figured out on his trade war, but the past week has raised concerns that investors may be wrong. Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks … Read more

If Trump fires Jerome Powell and replaces him with someone more politically pliant, ‘it could be something that backfires on Trump spectacularly,’ researcher says

The president wants lower interest rates—that’s no secret. He has called on the central bank again and again to cut. “There can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” President Donald Trump wrote on social media, referring to … Read more

Hyperliquid ditches JELLYJELLY, profits $700K as whale’s gambit backfires

Key Takeaways Hyperliquid narrowly avoided a $12 million loss in what appears to be a Jelly-My-Jelly token manipulation scheme. Concerns have been raised about Hyperliquid’s liquidation mechanism and associated risks. Share this article Hyperliquid delisted JELLYJELLY after a shadowy whale’s audacious shorting spree sent shockwaves through the exchange, nearly sinking its HLP Vault with a … Read more

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