Good morning from the Financial Times.
Today is Wednesday, March 26, and this is your FT news briefing.
Nvidia is worried about a crackdown in China.
And don't expect fireworks from today's UK Spring statement.
Plus, we'll get into why investors can't help themselves when it comes to buying the dip.
You are Pavlov's dog.
The bell rings and you slobber.
I'm Mark Filippino and here's the news you need to start your day.
US chip maker Nvidia is facing another hurdle in China.
Beijing has introduced environmental restrictions for new data centers.
They could prevent Chinese companies from buying Nvidia's best selling advanced chips.
And sources tell the FT that over the past several months,
Beijing has quietly discouraged the country's tech giants from purchasing those processors.
Now Nvidia does about $17 billion worth of business a year in China and the company is rushing to save
that.
It's trying to arrange a meeting with Beijing in the next few.
Chancellor Rachel Reeves will deliver the UK Spring statement today.
She'll update the country on her adjustments to the ailing economy.
It'll probably be a bad look for the labor government.
The party has struggled to keep its election promises on the economy since coming to power in July.