Tag: world affairs

Posts with tag: world affairs

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Chipmaker Besi warns of Q1 revenue dip as traditional markets offset AI orders

BESI expects revenue to fall in Q1 of 2025 due to weakness in traditional markets despite growth in AI-related orders.

Baidu Shares Plunge After Founder's Absence at Xi Meeting

Baidu shares plummet after its founder's absence at a meeting with China's president, sparking speculation about the company's standing in the market.

JPMorgan CEO Jamie Dimon Calls for Financial Regulatory Restructuring

JPMorgan Chase CEO Jamie Dimon advocates for restructuring financial regulatory agencies, including the CFPB. He highlights concerns over debanking and anti-money laundering rules, calling for a comprehensive review of the regulatory landscape.

Joann Plans to Close 500 Stores Amid Bankruptcy Proceedings

Joann to close around 500 stores in bankruptcy restructuring, spanning multiple states. Check the company's restructuring website for a list of affected locations.

FCC Probes Comcast's DEI Programs

The FCC is investigating Comcast's diversity, equity, and inclusion programs following a letter from chair Brendan Carr.

Geopolitical Tensions Reshape Global Trade Patterns, McKinsey Says

Geopolitical tensions are reshaping global trade patterns, with economies increasingly trading more with geopolitically aligned partners and less with rivals, according to a new report from the McKinsey Global Institute. The analysis examines trade data through 2024 and shows that the United States and China are at the center of this realignment.

Trump's Tariffs Spark Aluminum Market Turmoil

Trump's 25% tariffs on aluminum and steel imports spark market volatility as traders assess the impact on global supply chains and prices.

Oil Prices Rise After Weekly Decline as Market Assesses Trump Tariffs

Oil Rises as Trump's Tariffs Risk Rippling Through Energy Sector

Fed Will Keep Cutting Rates in a 'Full Employment' Economy, Chicago Fed's Goolsbee Says

Federal Reserve President Austan Goolsbee says the U.S. economy has settled into full employment and inflation is looking better. As a result, the Fed will continue cutting interest rates, though uncertainty about the impact of tariffs and other policy changes argues for a slower approach.

Nasdaq Tumbles on Weak Alphabet, AMD Forecasts, Apple Investigation

U.S. stock index futures dip amid negative earnings reactions, particularly in tech giants Alphabet and AMD. Apple faces potential antitrust probe in China. Market awaits key economic data, Fed comments, and tariff developments.