Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
Mortgage rates in the US have risen to their highest levels since July, potentially dampening homebuyer activity amid already elevated home prices.
The average rate on a 30-year fixed mortgage hit 6.84% this week, up from 6.785% the previous week, according to Freddie Mac. This is the highest rate in four months and comes close to the 7.29% average recorded a year ago during the same period.
Despite the Federal Reserve cutting interest rates twice since September, US treasury yields have surged in response to strong economic data and concerns over potential inflationary effects from policies proposed by President-elect Donald Trump, such as higher tariffs on imports and mass deportations.
Mortgage rates closely follow the 10-year Treasury note, which has been affected by these economic conditions.
The rise in mortgage rates, combined with high home prices, is expected to sideline many potential buyers in the near term, adding further uncertainty to the housing market.
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