-- Advanced Micro Devices Inc\'s (NASDAQ:AMD) attempt to greenlight an artificial intelligence chip geared specifically towards Chinese markets was rejected by U.S. officials, Bloomberg reported on Tuesday. U.S. officials told AMD that a less powerful chip it had designed specifically with U.S. export restrictions in mind was still too powerful to sell in China, and...
By David Shepardson and Aatreyee Dasgupta WASHINGTON (Reuters) -JetBlue Airways and Spirit Airlines (NYSE:SAVE) scrapped their $3.8-billion merger agreement on Monday, with the low-cost carriers saying there was no path forward after a U.S. judge blocked the deal in January on anti-competition concerns. A successful deal would have created the fifth-largest carrier in the United...
ZURICH - Chubb Limited (NYSE: NYSE:CB), a global leader in insurance, has announced through its subsidiary, Chubb INA Holdings Inc., the pricing of a public offering of senior notes valued at $1 billion with a 5.000% interest rate, maturing in 2034. The notes, which are guaranteed by Chubb Limited, are set to contribute to the...
(Reuters) -Advanced Micro Devices hit a U.S. government roadblock in its efforts to sell an artificial intelligence chip tailored for the Chinese market, as part of Washington\'s crackdown on the export of advanced technologies to the country, Bloomberg News reported on Monday. AMD (NASDAQ:AMD) tried to gain a go-ahead from the U.S. Commerce Department to...
By Ankur Banerjee SINGAPORE (Reuters) - Bitcoin was perched at a two-year peak on Tuesday, breaking above $68,600 and stalking the all-time high as money keeps rushing into the largest cryptocurrency by market value. Bitcoin has gained 50% this year and most of the rise has come in the last few weeks when inflows into...
-- Most Asian stocks fell on Tuesday as investors collected recent profits in the technology sector, while China’s economic outlook and plans for the year spurred little improvement in sentiment towards the country. Regional markets tracked overnight losses in Wall Street, as record-high valuations and anticipation of more signals on U.S. interest rates also spurred...
-- Shares of Chinese electric vehicle makers fell on Tuesday, tracking an overnight slide in Tesla Inc (NASDAQ:TSLA) after the world’s most valuable EV firm clocked a sharp sales decline in China. Shares of BYD (SZ:002594) Co Ltd (HK:1211), NIO Inc (HK:9866), Xpeng Inc (HK:9868) and Li Auto (NASDAQ:LI) Inc (HK:2015) slid between 1% to...
Source: Pixabay / TamimTaban Forbes has released its latest “30 Under 30” list in Finance, featuring a significant number of leaders from the cryptocurrency and blockchain industries, highlighting their growing influence in the financial sector. The list includes innovators like the co-founders of Injective Labs, the co-founder of Fractal, the co-founders of Toku, and leaders...
Cathie Wood’s ARK Invest trims exposure to Coinbase while loading up on more Robinhood shares. Image by Tom, Adobe Stock. Cathie Wood’s ARK Invest continues to make moves in the crypto sector, trimming its Coinbase stake while adding to its Robinhood position. The asset management firm sold nearly $5.3 million worth of Coinbase shares on...
The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections published by Deutsche Bank on...