NewswireAug 01
A key inflation gauge tracked by Federal Reserve policymakers fell in June, a day after the central bank’s latest interest-rate decision, but remained well above the Fed’s 2% target. With the economy’s underlying drivers broadly resilient, markets are increasi…
NewswireAug 01
TSMC is developing an advanced packaging technology similar to Intel’s Embedded Multi-die Interconnect Bridge, or EMIB, as it faces competitive pressure from Intel in AI-chip packaging, according to reports. People familiar with the matter said TSMC is working…
$AMD
NewswireAug 01
Three Federal Open Market Committee (FOMC) voters who dissented from the Federal Reserve’s decision this week to keep interest rates unchanged publicly explained their positions on Friday. They expressed similar concerns: Unless the central bank takes more dec…
NewswireAug 01
The Federal Reserve voted Wednesday to leave interest rates unchanged. Three officials who dissented warned that delaying the fight against inflation could force the central bank to adopt more aggressive policies later. Cleveland Fed President Beth Hammack sai…
NewswireAug 01
The yen rose on Friday after authorities in Japan and the United States were reported to have acted to support it. The yen gained more than 1% against both the dollar and the euro. People familiar with the matter said Japanese authorities entered the market du…
NewswireAug 01
OpenAI, the company that helped ignite the global artificial-intelligence boom, has been overtaken by rival Anthropic and is working to regain ground. Growth in OpenAI’s flagship consumer product, ChatGPT, has slowed sharply. Fidji Simo, Sam Altman’s designate…
NewswireAug 01
OpenAI may delay its first initial public offering until next year, The Wall Street Journal reported. The source does not provide a specific event date for the potential delay.
NewswireAug 01
During Thursday's New York trading session, July 30, the yen rose sharply, prompting speculation that Japanese authorities may have entered the market to support the currency. At around 9:30 p.m. Beijing time, coinciding with the U.S. stock-market open, the do…
NewswireAug 01
The FIFA president said in a statement on Aug. 1 local time that the organization had decided to stop pursuing an equity-sale project after disagreements among the parties involved meant it no longer aligned with the project's original objectives.