Tag: shopping

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TSMC Slumps as AI Challenger Raises Questions on Chip Spending

TSMC shares plunge amid global AI selloff, weighing on Taiwan's Taiex index. Concerns about DeepSeek's AI model and tariff tensions impact investor sentiment.

Chevron Plans to Boost Permian Output by 10% Despite Spending Cuts

Chevron plans to increase its US Permian Basin oil production by 9%-10% in 2025, despite capital spending cuts in the region.

BoE cuts likely as economy stagnates

Bank of England likely to cut interest rates next week due to economic stagnation. Investors anticipate faster reductions than initially predicted, as inflation measures decline and wage growth accelerates. The MPC will consider the impact of the government's fiscal measures on inflation and provide guidance on the timing of future rate cuts.

Trump's Tariff Tango: Markets Flummoxed Amidst Mixed Messages

The latest in Pres. Trump's trade policy as he moves toward imposing tariffs on Canada, Mexico, and China on Feb. 1st. Also, how business leaders are reacting.

AT&T Jumps 7% On Q4 Beat; Guidance Comfortably Reiterated

AT&T stock soars 7.1% after reporting Q4 results that beat expectations. Revenue also narrowly outperformed estimates, fueled by better postpaid phone net adds and broadband net adds.

Millennials urged to raid state pension to get on housing ladder

A Labour MP proposes a scheme for under-40s to access £11,500 from their state pension to get on the housing ladder, but experts warn it could encourage squandering and prove costly.

Trump Signs Executive Action on Cryptocurrency, Creating Presidential Working Group and Prohibiting CBDCs

President Trump signed an executive action to coordinate crypto regulation and evaluate a national digital asset stockpile. The order prohibits central bank digital currencies and revokes a Biden-era study on crypto assets.

Singapore Eases Monetary Policy for First Time Since 2020

Singapore's central bank eases monetary policy for the first time since 2020, reducing the slope of its policy band as price pressures ease.

EU Antitrust Battles With US Tech Giants Draw Fire From Trump

President Trump criticizes the EU's antitrust actions against American tech giants like Apple, Google, Meta, Amazon, and Microsoft, calling it a form of taxation. The EU has fined these companies billions of dollars for alleged anti-competitive practices, such as abusing market dominance and violating data protection rules. Amidst ongoing antitrust battles between the US and Big Tech, Trump's defense of these companies raises questions about the future of tech regulation in the US.

Primark Cuts Annual Sales Outlook Amid UK Weakness

AB Foods Cuts Primark Sales Target After Weak UK Christmas Performance