February 21, 2024
“Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on chip designer Nvidia, citing a continued surge in AI demand… Morgan Stanley increased the price target on the U.S. chip giant to $750… Continue Reading…
February 15, 2024
“…The consumer price index, a broad-based measure of the prices shoppers face for goods and services across the economy, increased 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, that came out to 3.1%, down… Continue Reading…
February 6, 2024
“U.S. oil and gas drilling has slowed in response to the fall in prices over the last 18 months, but that has not yet translated into slower production, keeping prices under pressure. Exploration and production firms have continued to increase… Continue Reading…
January 18, 2024
“…Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months earlier. Those gains exceeded the previous 0.1% monthly rise and the 3.1% annual inflation in November and were slightly above economists’… Continue Reading…
January 17, 2024
“…The December Consumer Price Index (CPI) showed pricesticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the3.1% increase seen the month prior… When removing… Continue Reading…
January 8, 2024
“France-based Carrefour, one of the world’s largest grocery chains, told customers Thursday it is pulling Lay’s, Doritos, Lipton teas and other PepsiCo products in protest of increased prices. Stores in France, Italy, Belgium and Spain will be affected, multiple news… Continue Reading…
January 2, 2024
“Shares in SoftBank Group jumped 5% on Wednesday after the Japanese tech conglomerate said it would receive shares in telco T-Mobile U.S. worth some $7.59 billion at no additional cost… The transaction bolsters the listed assets in SoftBank’s portfolio, doubling its T-Mobile U.S. stake to 7.64% from 3.75% currently, following the blockbuster listing… Continue Reading…
January 1, 2024
“Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed… Continue Reading…
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