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 soared 14% as part of their market debut on Wednesday, December 18.
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.
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
In China, integrated circuit (IC) output in November showed an increase of 8.7% year-on-year.
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest financial institution in the structure of the United States banking sector, has repeatedly made some kind of warning statements over the past year that the US economy faces a high level of risk that a negative stagflation scenario will be implemented in its space, repeating […]
Last month, industrial output growth accelerated in China, but at the same time, retail sales in this Asian country turned out to be disappointing, amid which calls for Beijing to strengthen measures to stimulate consumer activity increased.
In December, the private sector of the eurozone shrank in smaller volumes compared to initial expectations, which is the result of contributions from the services sector that exceeded forecasts.
Moody’s Ratings downgraded France’s credit rating after local far-right leader Marine Le Pen toppled the country’s government as part of a dispute over reducing the public’s budget deficit.
The two executives leading Intel this week acknowledged that the company may be forced to sell its manufacturing operations.
Liquid AI, a startup operating in the area of generative artificial intelligence, announced on Friday, December 13, that it closed a $250 million early-stage funding round led by chip manufacturer Advanced Micro Devices (AMD).
The media published information according to which Flushing Financial, a New York-based commercial real estate lender, is currently seeking to raise $70 million.
The value of Broadcom shares showed growth on Friday, December 13, which amounted to 14%, and an indicator of the market capitalization of this chip manufacturer, which headquarters are located in Palo Alto. California is approaching the iconic $1 trillion mark.
Last month, the United States recorded a sharp acceleration in the growth rate of wholesale inflation, which is an undesirable sign that some prices may increase before they come down the pike to consumers.
The Swiss National Bank on Thursday, December 12, decided to cut its key interest rate by 50 basis points.
China has confirmed the recent shift in its policy and stressed plans to accelerate economic growth, which is currently facing a clear lack of upward momentum in this Asian country.
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