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2024-10-28

[News] Indian Drug Company Aids Russia in Accessing NVIDIA Chips Amid Restrictions

According to a report from Bloomberg, a drug company in Mumbai, India, Shreya Life Sciences has engaged in trading chips of advanced technology to Russian, raising concerns among the U.S. and its European allies. The report indicated that Shreya exported 1,111 units of Dell's most advanced server...

2024-10-28

[News] The Magnificent 7 amid AI Boom: How Much do Their CEOs Get Paid?

According to a report from TechNews, the AI boom has significantly boosted the share prices of the "Magnificent Seven"—Apple, Microsoft, Google's parent company Alphabet, Amazon, NVIDIA, Meta, and Tesla—resulting in a total market value exceeding USD 16 trillion. Alongside this growth, the ...

stock trading on the laptop sreen
2024-10-28

[News] Key Focus This Week: U.S. GDP & Employment Situation

Last week, U.S. stock market sectors experienced volatility, resulting in a slight 0.03% decline in the S&P 500 Index, ending its six-week winning streak. In the bond market, better-than-expected U.S. economic data led to increases in the yields of 2-year and 10-year U.S. Treasury bonds by 15.7 ...

2024-10-28

[News] China’s Industrial Profits Decline Further Amid Expanding Deflation

China industrial profit continued to decline in September due to expanding deflationary pressure, according to data released by China’s National Bureau of Statistics on October 27. Profits for large-scale industrial enterprises fell by 27.1% year-on-year in September, down 9.3 percentage points...

2024-10-28

[News] Intel Invests $300M to Expand Chengdu Facility for Server Chip Packaging

Intel announced today an expansion of its packaging and testing facility in Chengdu, China. In addition to packaging and testing for client products, the facility will now offer services for server chips and will establish a Customer Solutions Center aimed at boosting local supply chain efficiency, ...

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