Business – Page 22 – PressClub World

1. 12. 2021 No Responses

Nvidia CEO: Metaverse could save companies billions

Companies are investing money into the creation of the so-called metaverse because it may ultimately save them significant chunks of change in the real world, Nvidia CEO Jensen Huang told CNBC’s Jim Cramer. In an interview on “Mad Money,” Huang...

30. 11. 2021 No Responses

Ukraine Naftogaz: Russia won’t extend gas transit deal

Russia does not want to extend its gas transit contract with Ukraine after 2024 when the current deal ends, the head of the Kiev-based state-run oil and gas company Naftogaz claimed on Monday. Speaking to Reuters, Yury Vitrenko said that...

29. 11. 2021 No Responses

Macau Top Gambling Boss Arrested

Shares in Macau casino operators fell Monday after a top gambling boss was arrested over illegal virtual betting activities. Macau’s judiciary police announced they arrested Suncity Group Holdings Ltd. CEO Alvin Chau after he established overseas gamblin...

24. 11. 2021 No Responses

Texas Instruments to Invest $30 Billion on New U.S. Fabs

Samsung is not the only company to build new fabs in Texas. The Governor of Texas recently announced the Texas Instruments was planning to build several new 300-mm fabs near Sherman. In total, TI intends to build as many as...

22. 11. 2021 No Responses

U.S. General: U.S. “Not As Advanced” As China Or Russia With Hypersonic Missiles

Admission comes days after another successful Russian Zircon hypersonic test in the Arctic. A top ranking general within the recently established US Space Force has voiced dire public concern that America’s hypersonic missile capabilities are significa...

19. 11. 2021 No Responses

Alibaba: Revenue +29% Y/Y, Earnings -38% Y/Y

Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth in China weighed on results, adding to regulatory headwinds. Here’s how Alibaba did in its fiscal second-quarter, versus Refinitiv consensus e...

18. 11. 2021 No Responses

Two FED Presidents Hit The Alarm Over The Broken Treasury Market

In the usual post-FOMC meeting jawboning circus, today we had not one but two Fed officials discussing not the topic du jour – Fed policy errors and soaring inflation – but something far more ominous: the broken Treasury market. Just...

17. 11. 2021 No Responses

Zircon hypersonic missile test launch

The Russian frigate Admiral Gorshkov successfully completed a test launch of the state-of-the-art Zircon hypersonic cruise missile on Thursday, the country’s Defense Ministry has revealed. The Zircon, a scramjet anti-ship missile produced domestically, was s...

16. 11. 2021 No Responses

UK: National security probe of nVidia’s $54 Billion ARM deal

The British government has launched an in-depth investigation into nVidia’s takeover of the UK-based technology company ARM on national security grounds, throwing another hurdle in the path of the $54 Billion deal. Digital and Culture Secretary Nadine Dorrie...

15. 11. 2021 No Responses

2022 Mazda CX-50 debuts

Mazda just unveiled the newest member of its growing family of SUVs. Meet the new 2022 Mazda CX-50, with a focus on off-road performance. The CX-50 is visually and, presumably, physically taller than the CX-5 — Mazda hasn’t released detailed spec...

13. 11. 2021 No Responses

The Taper Begins

After announcing it would do it two weeks ago, day ago the NY Fed published its first post-taper POMO schedule, which sees a drop from $80 billion in TSY purchases, a number which had been flat ever since the spring...

11. 11. 2021 No Responses

China’s Third Aircraft Carrier Nears Launch

China could be months away from launching its newest aircraft carrier, according to a new analysis by a Washington-based think tank. The Center for Strategic and International Studies (CSIS) published commercial satellite imagery of China’s third aircr...

22. 10. 2021 No Responses

Lira Crashes To All Time Low

Turkey’s Central Bank cut its one-week repo rate by 200bps, from 18% to 16%, double what consensus expected (15 of 26 economists in Bloomberg’s survey expected 17.00%, with the rest expecting a 50bps cut), arguing inflation is “transitory” if adding t...

28. 9. 2021 No Responses

Phoenix Home Prices Up Over 32% YoY

Supporting the vicious cycle of soaring home prices pushing homebuyer confidence to record lows, July Case-Shiller Housing data (the latest available) showed yet another record pace of increase in home prices. The broad HPI rose 19.70% YoY (a record) a...

27. 8. 2021 No Responses

Global Central Banks Have Bought $834mn of Financial Assets Every 60 Minutes

While most sellside analysts and strategists are throwing in the towel as the market continues its relentless meltup (one which according to Goldman is becoming increasingly “painful” for the bank’s institutional clients most of whom have ...

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