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Broadcom Reaches $1 Trillion Valuation Amid Explosive AI …
1 day ago · Broadcom Inc. achieved a historic milestone on Friday, surpassing a $1 trillion market capitalization for the first time following a robust earnings report that underscored its dominance in the artificial intelligence (AI) chip market. Shares of the semiconductor giant soared more than 21%, marking its largest single-day gain since March 2020.
Wholesale Prices Surge in November, Adding Pressure on Federal …
2 days ago · Wholesale prices rose more than expected in November, indicating persistent inflationary pressures despite ongoing efforts by the Federal Reserve to achieve its 2% target. The producer price index (PPI), which measures price changes at the producer level, increased by 0.4% for the month, exceeding the Dow Jones consensus estimate of 0.2%, according to a …
Crude Falls on Demand Doubts, Dollar Strength, and Delayed …
Dec 6, 2024 · Crude oil prices ended the week lower, weighed down by concerns over a potential supply surplus and persistently sluggish demand, even as the OPEC+ alliance delayed planned production increases and extended deep output cuts through late 2026. Brent crude futures slipped 1.1% on Friday to $71.32 per barrel, while U.S. West Texas Intermediate (WTI) crude …
Biden Administration Loosens Immigration Rules, Sets Stage for …
Nov 22, 2024 · The Biden administration is implementing a series of last-minute immigration policy changes that critics argue could complicate the incoming Trump administration's plans for stricter border enforcement and mass deportations. Among these measures is the introduction of a controversial ICE Portal app ...
TikTok Fights Potential U.S. Ban as ByteDance Faces Supreme …
4 days ago · TikTok is mounting a high-stakes legal battle to avert a potential nationwide ban, with the popular social media platform urging a federal appeals court to pause enforcement of a law mandating divestiture by its China-based parent company, ByteDance. The request comes as TikTok prepares to seek Supreme Court intervention, raising fundamental questions about …
Beijing Extends Control Over Critical Minerals, Threatening U.S.
Dec 6, 2024 · China's move to ban the sale of key industrial materials to the United States, and to hold foreign firms accountable for re-exporting restricted goods to America, has jolted an already fragile relationship between the world's two largest economies. Beijing's new regulations, announced this week, impose extraterritorial reach similar to that of U.S. and European …
Economy : Business Times
Russia’s Ruble Hits Historic Lows as Economy Struggles Amid Sanctions and Military Spending Russia's ruble has plunged to its weakest level against the U.S. dollar since the early days of its full-scale invasion of Ukraine, reflecting deepening economic troubles amid escalating geopolitical tensions and the strain of international sanctions.
Boeing’s October Deliveries Plunge Amid Strike Fallout, Major …
Nov 13, 2024 · Boeing is grappling with the aftermath of a 53-day machinist strike that disrupted production across its key aircraft programs, with over 32,000 union workers now set to return to factories by November 12. While the machinists have approved a new contract that includes a 38% pay raise over four years, the company warns that getting production back to full speed …
US Wholesale Prices Show Moderate Rise as Markets Eye Fed's …
Nov 15, 2024 · Wholesale prices in the United States ticked higher in October, with the producer price index (PPI) rising 0.2% from the previous month, aligning with market expectations, according to the Bureau of Labor Statistics' latest report released on Thursday. The uptick, which follows a 0.1% increase in September, highlights the ongoing but moderating inflationary …