A look at the day ahead in U.S. and global markets from Mike Dolan World markets are finally bracing for accidents as the U.S. debt ceiling impasse threatens to empty U.S. government coffers as soon as next week, but a return of 6% policy interest rates to the risk radar is just as jarring. Fear of a […]
The U.S. Commerce Department should put trade curbs on Chinese memory chip maker Changxin Memory Technologies after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on Tuesday. The restrictions by China’s cyberspace regulator against Micron are the latest […]
Florida Governor Ron DeSantis is expected to make his long-awaited foray into the 2024 presidential race on Wednesday in an unusual manner – at an event with billionaire Elon Musk on Twitter. His entry changes the shape of the contest for the Republican nomination, as he likely will emerge as former President Donald Trump’s biggest […]
The U.S. Senate’s top Democrat said on Tuesday he and President Joe Biden’s administration were engaging allies and businesses to address China’s ban on sales of memory chips made by U.S.-based Micron Technology Inc. The restrictions this week by China’s cyberspace regulator against Micron, the biggest U.S. memory chipmaker, were the latest in a widening trade dispute […]
Bill Gates, Microsoft Corp’s co-founder, on Monday said the technology race to win is the development of the top artificially intelligent agent, poised to disrupt search-engine, productivity and online shopping sites. “You’ll never go to a search site again,” he said. “You’ll never go to Amazon.” Speaking at AI Forward 2023, an event in San Francisco […]
U.S. Transportation Secretary Pete Buttigieg said Tuesday there are concerns about the interaction between Tesla’s advanced driver assistance system Autopilot and drivers that is the subject of an ongoing government investigation. Since August 2021, the National Highway Traffic Safety Administration (NHTSA) has been investigating a series of Tesla crashes involving Autopilot and with parked emergency […]
Microsoft Corp on Tuesday started making available to users a host of AI upgrades, including to ChatGPT, its search engine Bing as well as to cloud services – an expansive launch that seeks to narrow the gap with Alphabet Inc’s Google. Among key changes is the rollout of live search results from Bing to ChatGPT, the viral […]
Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use chips made in the United States. Under the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several U.S. facilities, including Fort Collins, Colorado, where Broadcom has a major factory, Apple […]
In 2022, overall European Union industrial employment and output increased above 2021 levels, despite rocketing energy prices. However, output declined from energy-intensive industries including basic metals, chemicals, non-metallic minerals and paper, for which energy costs represent a much bigger share of production costs than for less energy-intensive manufacturing. Energy prices are likely to remain above […]
In the spirit of unity, let me start with a statement we can all agree on: the EU needs to grow its capital markets. That statement begs at least two big questions. On these, there is less agreement. Firstly, how should we grow them? And secondly, why haven’t they grown more already? A lot of […]
