Day: January 8, 2025
Asia markets set to fall as inflation worries may impede Fed rate cuts; China inflation data in focus
Customers shopping for vegetables at a supermarket in Nanjing, China. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets were set to fall Thursday after U.S. stocks ended a choppy session slightly higher as the Federal Reserve meeting minutes signaled interest rates could stay higher for longer due to sticky inflation. Investors in Asia also await […]
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Bernstein says Taiwanese chip supplier behind Nvidia’s tiny supercomputer to benefit in 2026
MediaTek , the Taiwanese semiconductor company collaborating with Nvidia on its small artificial intelligence supercomputer, is expected to see significant financial benefits from the partnership starting in 2026, according to Bernstein. The project, unveiled by Nvidia at the electrics show CES this week, involves MediaTek’s contribution to the Grace Blackwell 10 (GB10) chip design, which […]
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Beyond Tencent: Goldman refreshes its list of top Asian stocks — giving one nearly 50% upside
Goldman Sachs is cautious on Chinese tech behemoth Tencent Holdings , removing it from its Asia-Pacific “conviction list” of top picks. The company was added to the U.S. Department of Defense’s list of “Chinese military companies” on Jan. 7. That means that the government body will be prohibited from procuring goods or services directly from entities […]
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VW’s Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share
Scout Terra pickup truck and Scout Traveler SUV concepts Scout LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume. Volkswagen revived Scout, which was an American brand from 1961 to 1980, and revealed production-intent vehicles of its Terra pickup truck […]
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Yakuza leader pleads guilty to nuclear materials trafficking, narcotics in New York
The DOJ alleges that a high-ranking member of the Yakuza, Takeshi Ebisawa, was the central figure in a plot to funnel American weapons to ethnic militias in Myanmar in exchange for heroin and meth. Ebisawa is charged with narcotics importation, money laundering and conspiracy to acquire surface to air missiles. NBC News A Japanese Yakuza […]
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Disney says about 157 million global users are streaming content with ads
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images Disney said Wednesday it has an estimated 157 million global monthly active users watching ad-supported content across its streaming platforms — Disney+, Hulu and ESPN+. That […]
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Man arrested trying to enter U.S. Capitol with machete as Carter lies in state
Former US President Jimmy Carter lies in state at the US Capitol Rotunda in Washington, DC, U.S., Jan. 7, 2025. Mark Schiefelbein | Via Reuters Police arrested a man trying to enter the U.S. Capitol with a machete and three knives Wednesday as former President Jimmy Carter lay in state there. The arrest took place […]
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Nvidia’s Jensen Huang is ‘dead wrong’ about quantum computers, D-Wave CEO says
D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday. Huang was asked on Tuesday about Nvidia’s strategy for quantum computing. He said Nvidia could make conventional chips that are needed alongside quantum computing chips, but […]
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Medicare can now cover Eli Lilly’s Zepbound for sleep apnea, CMS says
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Medicare drug plans can now cover Eli Lilly‘s blockbuster obesity drug Zepbound for obstructive sleep apnea, CNBC confirmed on Wednesday. That opens the door for broader access to Zepbound, which is […]
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Fed officials are worried about the inflation impacts from Trump’s policies, minutes show
Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions […]
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