Markets

The LIBOR is a global interest rate that affects the rates of many loans and investments. Here’s how it’s set, and why it’s slated to end

The London Interbank Offered Rate (LIBOR) is a series of benchmark rates used by lenders to determine other short-term interest rates. A variety of financial products like CDs and loans like adjustable-rate mortgages are based on LIBOR, especially the three-month rate. Though often a harbinger of trends in bank lending […]
The LIBOR is a global interest rate that affects the rates of many loans and investments. Here’s how it’s set, and why it’s slated to end
Tech

The cofounder of Arm is trying to block the chip design firm’s $40 billion sale to Nvidia, saying it would ‘destroy’ its business model while making the UK ‘collateral damage’ in US-China tensions

Hermann Hauser, the cofounder of chip designer Arm, wrote a letter to the UK Prime Minister urging him to block Nvidia from buying the firm from Softbank in a $US40 billion deal. Nvidia’s acquisition of Arm could ‘destroy’ the firm’s business model, may force hundreds of its customers across the […]
The cofounder of Arm is trying to block the chip design firm’s $40 billion sale to Nvidia, saying it would ‘destroy’ its business model while making the UK ‘collateral damage’ in US-China tensions
Markets

Nvidia surges 8% after agreeing to acquire Arm for $40 billion

Nvidia surged on Monday after it agreed to acquire UK-based Arm Holdings for $US40 billion. The acquisition will give Nvidia a solid footing in the smartphone space, given that the popular Qualcomm Snapdragon mobile chip is built on Arm architecture. The deal is expected to be immediately accretive to adjusted […]
Nvidia surges 8% after agreeing to acquire Arm for $40 billion
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