HPE Reportedly Wins $1 Billion AI Server Deal
Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide servers optimized for artificial intelligence, to social media platform X, owned by Elon Musk.
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TSMC Posts Revenue
Taiwan Semiconductor Manufacturing Co. (TSMC) has released information on its revenue for the quarter ended in December.
US Plans to Ban on Chinese Connected Vehicles
The administration of the President of the United States Joe Biden plans to finalize rules next week aimed at cracking down on Chinese vehicle software and hardware.
Goldman Sachs Estimates Likely Impact of Donald Trump’s Tariffs on China
Goldman Sachs chief economist Jan Hatzius said last Thursday, January 9, during a speech at the Atlantic Council in Washington, that despite the election promise of Donald Trump, who will return to the White House this month, to impose 60% tariffs on absolutely all goods imported from China, in reality, the US president-elect is likely […]
China’s Aviation Sector Reports Profit
In China, the local civil aviation sector has reported making a profit.
China’s Central Bank Halts Bond Buying
The People’s Bank of China on Friday, January 10, announced that it had suspended the purchase of treasury bonds, against which a jump in yields was recorded and rumors began to actively circulate that this decision by the Asian country’s financial regulator was aimed at protecting the yuan, which is currently on a trajectory of […]
US Job Growth Beats Expectations
In the United States, an unexpected acceleration in job growth was recorded in December.
Bank of America Bonuses for Investment Bankers Reportedly to Rise About 10%
Bank of America’s bonus pool for investment bankers is likely to increase by 10% for last year.
SoftBank and Arm Reportedly Weigh Acquiring Ampere Computing
Japanese technology investor SoftBank Group and its majority-owned Arm Holdings are currently considering the possibility of concluding the deal with semiconductor company Ampere Computing backed by Oracle.
Country Garden Proposes Deal to Reduce Offshore Debt by $11.6 Billion
The Chinese property development company Country Garden has proposed to its offshore creditors the deal, which will reduce the debt of this firm by $11.6 billion.
China Orders Miners to Report More of Their Overseas Reserves
Beijing has ordered Chinese investors in foreign mining projects to report on their proven and prospective reserves of crucial minerals.
Fed’s Susan Collins Supports Gradual Approach to Rate Cuts
Federal Reserve Bank of Boston President Susan Collins said on Thursday, January 9, that significant uncertainty about the outlook requires the United States financial regulator to take a cautious approach in the context of making decisions about cutting interest rates.
US Weekly Jobless Claims Fall
The number of Americans filing new applications for unemployment benefits dropped to an 11-month low last week.
Fed’s Christopher Waller Supports Further Cuts
Federal Reserve Governor Christopher Waller said he believes inflation will continue to cool towards the United States central bank’s 2% target.
Micron to Expand Its Manufacturing Footprint in Singapore
Micron Technology Inc. intends to invest $7 billion to expand its manufacturing footprint in Singapore over the next few years.
Whatnot Raises Funds at $5 Billion Valuation
Whatnot Inc., a livestream shopping platform that competes with TikTok Shop, raised $265 million at a valuation of $4.97 billion.
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