Fed Cuts Interest Rates Again
The Federal Reserve System on Thursday, November 7, decided to cut interest rates for the second time in the current year.
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Bitcoin Reaches Record High of $75K Fueled by US Election
Bitcoin has hit an all-time high of $75,800, as the outcome of the US election gave crypto enthusiasts hope for legal clarity and government-backed promotion.
US Stocks Rise to Record Highs
The stock indexes of the United States on Wednesday, November 6, showed a sharp increase and closed at a record high amid the news that Donald Trump had won the presidential election.
US Lawmaker Urges Investigation Into China’s Chipmaker SMIC
Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.
Super Micro Shares Demonstrate Decline
Super Micro, a server manufacturer that publishes annual financial statements later than scheduled and currently faces the risk of being excluded from the Nasdaq list, last Tuesday, November 5, shared with the public data on the results of its activities for the last fiscal quarter.
Blackstone Reportedly Targets New European Markets
Blackstone’s private wealth business plans to enter at least two new European markets next year.
AliExpress Welcomes U.S. Retailers to Its Direct Platform
AliExpress invited U.S.-based retailers to join the AliExpressDirect initiative and reach a global audience through the Chinese leading e-commerce platform.
US Manufacturing Demonstrates Decline
In October, the United States recorded a decrease in the level of manufacturing activity to a reading that is a 15-month low.
US Unemployment Rate Demonstrates Resilience
In the United States, job growth almost stalled last month.
US to Invest $825 Million in New York Semiconductor R&D Facility
The administration of the President of the United States Joe Biden on Thursday, October 31, announced investments in the amount of $825 million in the implementation of a project of a new semiconductor research and development facility in Albany, New York.
Key Fed Inflation Rate Hits 2.1%
In the United States, inflation showed moderate growth in September and approached the Federal Reserve’s target of 2%.
US Economy Demonstrates Solid Growth
In the third quarter of the current year, the United States economy maintained strong growth rates.
AMD Reports Quarterly Revenue
Advanced Micro Devices (AMD) on Tuesday, October 29, released information about its earnings for the quarter ended September 28, 2024.
Alphabet Reports Earnings
Alphabet, the parent company of Google, has published information about its earnings for the third quarter of the current year.
Larry Fink Says About Scales of Further Fed’s Monetary Easing
Blackrock chief executive officer Larry Fink said Tuesday, October 29, speaking at a CEO-studded panel in Riyadh, Saudi Arabia, that the Federal Reserve will not cut interest rates on the scale that markets expect, as currently embedded inflation is too high.
JPMorgan Chase CEO Says Banks Must Fight Back Against Regulators
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest bank in the United States, said last Monday, October 28, that his colleagues should fight against excessive regulation.
