Month: September 2024

European Central Bank poised to resume its rate-cutting cycle: Live updates
World

European Central Bank poised to resume its rate-cutting cycle: Live updates

ECB likely to reduce rates in September — but no further cuts expected this year, economist says The big question for many market participants on Thursday is not whether the European Central Bank will cut interest rates — but what comes next. “I think that it is broad consensus not only among economists but also […]

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Oprah and Diane von Furstenberg slam assault on women’s reproductive rights
World

Oprah and Diane von Furstenberg slam assault on women’s reproductive rights

Designer Diane von Furstenberg and Oprah Winfrey speaks onstage at the 3rd annual Diane Von Furstenberg awards at the United Nations on March 9, 2012 in New York City. Andrew H. Walker | Getty Images Entertainment | Getty Images Oprah Winfrey and Diane von Furstenberg have doubled down on their support for Democratic presidential nominee […]

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U.S. supports two permanent UN Security Council seats for Africa, Reuters reports
World

U.S. supports two permanent UN Security Council seats for Africa, Reuters reports

The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday. Eduardo Munoz | Reuters The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing […]

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Taiwan jumps almost 3% as tech stocks rally, leading Asia-Pacific markets higher
World

Taiwan jumps almost 3% as tech stocks rally, leading Asia-Pacific markets higher

TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street fueled by a tech rally. Japan’s Nikkei 225 jumped 2.77% and the broad-based Topix advanced 1.91%. Semiconductor related stocks Tokyo Electron rose 3.56%, Advantest […]

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Ford in talks to restart making cars in India for export
World

Ford in talks to restart making cars in India for export

A Ford logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024.  David Dee Delgado | Reuters Ford Motor held talks with India’s Tamil Nadu state to explore producing vehicles for export, the state’s chief minister said, potentially signaling that the U.S. carmaker could restart production in India after exiting the country three years ago. Ford stopped […]

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JD Vance’s Wall Street allies raise millions for the Trump campaign
Politics

JD Vance’s Wall Street allies raise millions for the Trump campaign

Republican U.S. vice presidential nominee Senator JD Vance gestures as he speaks during an event at Kenosha City Courthouse in Kenosha, Wisconsin, U.S. August 20, 2024.  Marco Bello | Reuters Over the past decade, Republican vice presidential nominee Sen. JD Vance of Ohio has quietly built a network of allies on Wall Street, one that […]

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Samsung Electronics plans global job cuts of up to 30% in some divisions: Reuters, citing sources
World

Samsung Electronics plans global job cuts of up to 30% in some divisions: Reuters, citing sources

Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its […]

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China wants to challenge the U.S. in AI — here’s what Chinese giants are doing with the tech
Technology

China wants to challenge the U.S. in AI — here’s what Chinese giants are doing with the tech

China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models.  Niphon | Istock | Getty Images Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet‘s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched […]

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Chip stocks have been through wild swings, but analysts still like these names — giving one 97% upside
World

Chip stocks have been through wild swings, but analysts still like these names — giving one 97% upside

Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Overall, the index has plunged 26% since mid-August, including Friday’s declines. Before that, the index was going through wild swings, first diving in July before recovering in early August, then tumbling again. The ETF is still up about 27% […]

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‘Economy class syndrome’ is a medical issue that can happen on flights — no matter where you sit
Health

‘Economy class syndrome’ is a medical issue that can happen on flights — no matter where you sit

Experts call it “economy class syndrome” — but it can happen to anyone in any class of an airplane. Deep vein thrombosis, or DVT as it’s known, occurs when blood clots in one or more veins. It can happen at any time, but people who travel on long-haul flights are at a higher risk because […]

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