China experienced a substantial surge in the imports of chipmaking machinery in the past year, driven by increased investments by companies aiming to circumvent restrictions imposed by the United States, aimed at impeding the nation's semiconductor industry. According to Bloomberg calculations based on official customs data, imports of machinery...
Read moreChinese stocks have experienced another dismal week, with a gauge of mainland firms listed in Hong Kong ranking at the bottom of global equity indices for the year. Most notably, Tokyo has surpassed Shanghai as Asia's largest equity market, while India's valuation premium over China has reached a record...
Read moreIn a surprising turn of events, Bitcoin Retreats from its recent surge as regulatory scrutiny mounts across the globe. Bitcoin, the world's largest cryptocurrency, experienced a significant setback, causing investors to question the long-term stability of the digital asset. The sudden retreat comes amidst growing concerns over increased government...
Read moreOn Tuesday, semiconductor design and software firm Synopsys revealed its intention to acquire Ansys, an engineering and product design software firm, in a significant cash-and-stock transaction valued at around $35 billion. This acquisition stands out as one of the most substantial tech deals in recent times. As part of...
Read moreMicrosoft Corp. has announced that it is expanding its Office AI Copilot to consumers and smaller companies in an effort to increase its customer base for these new services. The company will now offer a consumer version of Copilot for $20 a month, providing access to OpenAI's latest ChatGPT...
Read moreNVIDIA has initiated the new year with its most robust performance ever, marking a remarkable continuation of its staggering surge that propelled shares to a nearly 240 percent gain in 2023. The tech company, often hailed as an artificial-intelligence (AI) pioneer, has witnessed an exceptional uptick of around $128...
Read moreMicrosoft Corp. has achieved a significant milestone, surpassing Apple Inc. to reclaim its position as the world's most valuable publicly traded company. This feat comes after more than two years, with concerns over smartphone demand putting pressure on Apple's stock in recent weeks. On Friday, Microsoft's stock climbed 1%...
Read moreThe long-awaited Bitcoin ETFs are finally gaining traction in the financial market, as investors and enthusiasts eagerly await their approval. With the surge in popularity of cryptocurrencies, particularly Bitcoin, the introduction of these exchange-traded funds is seen as a major step towards mainstream acceptance. Bitcoin ETFs, also known as...
Read moreUS regulators have made a historic decision by authorizing exchange-traded funds (ETFs) that directly invest in Bitcoin. This breakthrough move is expected to have a significant impact on the digital asset sector, making the largest cryptocurrency more accessible to Wall Street and beyond. The Securities and Exchange Commission (SEC)...
Read moreIn a surprising turn of events, the highly anticipated decision by the US Securities and Exchange Commission (SEC) on whether to approve a spot-Bitcoin exchange-traded fund (ETF) quickly transformed into a major cybersecurity incident. The SEC X Account, a social media account belonging to Wall Street’s main regulator, was...
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