Meta Unveils Orion AR Glasses, New AI Chatbots, and Quest Headset at Annual Connect Conference

Sep 26, 2024 07:15 am UTC| Economy

Meta Platforms (NASDAQ:META), the parent company of Facebook, revealed its first augmented reality (AR) glasses prototype, Orion, during its annual Connect conference Wednesday. CEO Mark Zuckerberg introduced the device,...

Micron Reports Strong Earnings, Driven by AI Chip Demand; Shares Surge

Sep 26, 2024 05:33 am UTC| Economy

Micron Technology Inc. (NASDAQ: MU) reported stronger-than-expected results for its fiscal fourth quarter on Wednesday, driven by surging demand for memory chips used in artificial intelligence (AI) applications. The...

Platinum Asset Management Rejects $420 Million Takeover Bid from Regal Partners

Sep 26, 2024 04:41 am UTC| Economy

Australias Platinum Asset Management has declined a non-binding takeover proposal from Regal Partners that valued the fund manager at about A$616.5 million ($420.76 million). The bid, disclosed on September 17, offered...

Stocks Slip as Fed Signals and Key Inflation Data Loom: Nvidia Rallies, Meta Unveils AR Push

Sep 26, 2024 03:18 am UTC| Economy

The SP 500 fell on Wednesday as investors paused to assess the recent market rally, with a focus on upcoming inflation data and potential signals from the Federal Reserve regarding interest rate policy. Nvidia...

China’s Aggressive Monetary Easing Misses Key Challenge: Weak Consumer Demand Threatens Growth

Sep 25, 2024 22:00 pm UTC| Economy

Chinas latest monetary easing policies have failed to address the economys core challenge: persistently low consumer demand. While liquidity injections by the Peoples Bank of China have boosted market sentiment, analysts...

Australia Inflation Drops to 3-Year Low in August, Core Rate Remains Above Target

Sep 25, 2024 21:48 pm UTC| Business Economy

Australias consumer inflation reached a three-year low in August, driven by falling diesel prices and electricity rebates. Despite this, core inflation remains above the Reserve Bank of Australias 2-3% target, complicating...

Global Geopolitics Series

바이든의 자동차 기술 금지, 중국 전기차 견제하는 강력한 무기

Sep 25, 2024 02:45 am UTC| Economy Business

바이든 행정부가 중국의 커넥티드카 기술을 금지하는 제안을 내놓으며, 저가의 중국 전기차(EV) 공세에 대응하기 위한 가장 강력한 무기를 제시했다. 미 상무부는 월요일(현지시간), 하드웨어와 소프트웨어에 대한 금지를 발표하며,...