China Revises Up 2023 GDP
On Thursday, December 26, China revised upward the size of its economy by 2.7%.
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US Weekly Jobless Claims Demonstrate Decline
Last week in the United States, the number of locals applying for jobless benefits decreased to the lowest level in the current month.
TSMC Shares Reach Record High
The value of shares of Taiwan Semiconductor Manufacturing Co. (TSMC) has reached an all-time high, as this contract manufacturer of chips, being the largest in the world, is ready to demonstrate the best financial performance of its activities over the past 25 years.
Taiwan Blocks Uber’s $950 Million Foodpanda Deal
Taiwan has blocked Uber Technologies’ purchase of Delivery Hero’s Foodpanda business on the island.
Japan’s Budget to Hit Record
The Japanese government is set to compile a record $735 billion budget for the fiscal year from April due to increased social security and debt-servicing costs, adding to the industrial world’s heaviest debt.
Anatomy Financial Raises $19 Million
Anatomy Financial raised $19 million as part of the Series A funding round.
S&P 500 Rises 1% on Christmas Eve
In the United States, the stock market experienced an upward dynamic on Christmas Eve.
Nordstrom to Go Private
Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.
Southeast Asia Seeks to AI Boom
Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.
Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025
The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.
Accenture Beats Quarterly Revenue
Accenture on Thursday, December 19, released a report on its earnings for the first quarter of fiscal 2025, which exceeded Wall Street’s preliminary expectations regarding this company’s revenue and profit for the mentioned period.
US Finalizes $458 Million Award to SK Hynix
The United States Commerce Department on Thursday, December 19, finalized an award for South Korean semiconductor manufacturer SK Hynix in the form of government grants worth up to $458 million.
Micron Shares Fall
The value of Micron Technology shares fell by about 12% on premarket trading on Thursday, December 19, as this chip manufacturer published disappointing earnings guidance for the second quarter of fiscal 2025, indicating sluggish consumer demand for personal computers and smartphones, despite strong sales growth of microcircuits used for the operation of artificial intelligence systems.
Kioxia’s Shares Increase in Debut
Kioxia’s shares soared 14% as part of their market debut on Wednesday, December 18.
Hong Kong Approves More Cryptocurrency Exchanges
Hong Kong’s securities regulator on Wednesday, December 18, approved the activities of four cryptocurrency exchanges as part of the city’s latest attempt to maintain its competitiveness during a kind of race for the status of a global center for trading digital assets.
UK Inflation Demonstrates Growth
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
