Technology Giants Boost Hong Kong Stocks
Hong Kong stock indexes on Monday, August 19, showed growth against the background of the rising value of shares of technology companies.
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AI Chip Makers Rebellions and Sapeon Agree to Merge
The South Korean companies Rebellions Inc. and Sapeon Korea Inc., which specialize in carrying out activities in the chip manufacturing sector necessary for training and ensuring the subsequent operation of artificial intelligence systems, have signed a final merger agreement.
AMD to Acquire Server Maker ZT Systems
It became known that Advanced Micro Devices (AMD) Inc. has reached an agreement on the implementation of the deal for the acquisition of ZT Systems, which specializes in the implementation of server manufacturing activities.
Traders Need Fed’s Signal to Keep Stocks Rallying
Wall Street is betting that Federal Reserve Chairman Jerome Powell at the central bank’s annual confab in Jackson Hole, Wyoming, will confirm the intention of the United States financial regulator to decide on monetary easing, implying cutting interest rates.
Kiteworks Raises $456 Million
Kiteworks has announced that it has raised a $456 million growth equity investment.
Jerome Powell Reportedly Huddles With Bank CEOs to Avoid Legal Fight Over Capital Plan
The media reports that the chairman of the Federal Reserve System, Jerome Powell, took part in a closed meeting with bank executives and urged them to cooperate with the financial regulator of the United States to avoid years of litigation over the proposal of the administration of US President Joe Biden on capital.
Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department
Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.
Ex-Google CEO Sees Nvidia as Big AI Winner
Eric Schmidt, who headed Google for ten years, during a conversation with Stanford students, said that not being an investment consultant, he sees an obvious play on the stock market, which did not involve buying shares of his former employer.
Revolut Signs Agreements With Investors for Secondary Share Sale
Revolut has signed secondary share sale agreements with investors.
Banking Technology Firm Amount Raises $30 Million
The Amount company, which operates in the area of banking technologies, announced that it managed to raise investment funds for $30 million.
Japan’s Economy Bounces Back
The Japanese economy showed growth in the second quarter of the current year.
China’s Economy Fails to Rebound
In the current quarter, the downturn continues in the space of China’s economic system.
Cisco Gives Upbeat Sales Forecast
Cisco Systems Inc., the largest manufacturer of computer networking equipment, has released an optimistic revenue forecast amid an increase in the number of orders, but at the same time announced its intention to reduce the number of its workforce as part of making significant changes to its activity strategy.
McKinsey Sees AI Stimulates Consulting
McKinsey & Co. currently records an increase in the number of clients who are interested in projects related to the use of artificial intelligence.
UK Inflation Demonstrates Growth
In the United Kingdom, an increase in the inflation rate was recorded in July, which turned out to be lower than the preliminary expectations of experts interviewed by the media about the dynamic of this indicator and the forecast of the Bank of England.
UBS Profit Beats Forecasts
UBS Group AG has released data on the financial results of its operations in the second quarter of the current year, according to which the profit of this bank for the specified period exceeded preliminary expectations regarding the dynamic of the corresponding indicator.
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