Crunchmarkets’s info on the world of finance
“US shares experienced an upward trend on Monday, enhancing recent advancements as market players gear up for a bustling week filled with high-level economic statistics and quarterly earnings, notably from the tech industry. Around 12:55 ET (16:55 GMT), the Dow Jones Industrial Average saw an upsurge of 286 points, translating […]
Chinese smartphone manufacturer, Honor, unveiled new AI capabilities during a recent event. The company’s CEO, George Zhao, made the announcement in Shanghai on the 26th of June, 2024. Honor, which is a subsidiary of Huawei targeting the premium device market, stated that the new version of its Android-based Magic operating […]
The Taiwan Semiconductor Manufacturing Company (TSMC) halted deliveries to Sophgo, a China-based chip designer, after a chip manufactured by TSMC was discovered in a Huawei AI processor. This revelation was brought to light by two individuals closely involved in the matter. The chips ordered by Sophgo from TSMC were identical […]
Morgan Stanley is broadening the utilization of OpenAI’s generative artificial intelligence tools in its prestigious investment banking and trading department, according to sources familiar with the matter. The company initiated an AI assistant powered by OpenAI’s ChatGPT tech for its wealth management advisors in early 2023 and has recently started […]
Brazil’s environmental protection agency, IBAMA, has slapped a hefty fine of 365 million reais ($64 million) on several cattle ranches and meat processing firms, including the globally recognized JBS SA, for their involvement in illegal deforestation activities in the Amazon. The fines are a result of these entities raising or […]
Apple’s CEO, Tim Cook, unveiled the Apple Card at an event at their headquarters in Cupertino, California, back in March 2019. However, recent news indicates that the Consumer Financial Protection Bureau (CFPB) has imposed penalties exceeding $89 million on Apple and Goldman Sachs for mishandling customer disputes linked to Apple […]
The article will be about the significance of volume as a key trading indicator, as emphasized by veteran trader Carter Worth. According to Worth, who has over 30 years of experience in the financial sector and is the founder of Worth Charting, volume plays a pivotal role in pattern recognition […]
Qantas Airways, the esteemed Australian airline, has recently announced an upgrade of its first-half domestic revenue projections, alongside intentions to recommence dividend payments in the latter half of the fiscal year. This news has propelled the company’s shares to an all-time peak. With fresh leadership at the helm, the well-known […]
Chinese smartphone manufacturer, Oppo, is making significant strides in the tech industry. According to Canalys, Oppo holds the second-ranking position in mainland China and is the fourth largest smartphone producer globally. As part of their growth strategy, Oppo is placing emphasis on the development of artificial intelligence (AI). The company […]
Written by Heekyong Yang, Hyunjoo Jin, and Joyce Lee South Korean semiconductor giant, SK Hynix, announced on Thursday that it had achieved a record-breaking quarterly profit. This surge in revenue was primarily driven by robust sales of their advanced chips, which are supplied to Nvidia. The company also projected that […]
