After another round of funding that raised $6 billion, the Elon Musk's AI project xAI has reached a total valuation of $24 billion.
The Chinese government has set up a third fund that is aimed to subsidize the semiconductor industry. New fund has financing for a total of $47.5 billion.
At the start of the week, crude oil price benchmarks remained at prior prices, as market focus moved to the upcoming OPEC+ meeting that is scheduled for June 2.
During Monday's trading session, Asian stock indices surged. The surge was attributed to an announced chip stimulus package by the Chinese government and a meeting between heads of states in South Korea.
Recently published data has revealed that Tesla has been optimizing its production by reducing Model Y production amounts in Shanghai.
Market analysts surveyed by Reuters have revealed that Japanese factory output has most likely increased, which is set to increase inflation pressure in the country.
The CEO of NVidia has commented that the firm expects AI created videos to drive demand for the company's chips.
The South Korean government has announced a $19 billion subsidy package for the semiconductor industry.
The stock price of NVidia has started the day above the 1,000.00 mark, as the company has reported stunning quarterly financial results and announced an upcoming one to ten stock split.
Business lobbyists have reported that top firms have agreed to increase salaries by an average of 5.58%.
The Coordinating Minister of Investment of Indonesia has announced that Elon Musk is considering the creation of an EV battery factory in the country.
As the stock price of NVidia hovers near all-time highs, analyst have continued to increase their expectations for the company's financial quarterly results. The Q1 results are set to be published after Wednesday's US trading hours.
Bloomberg has reported that the activist investing firm Elliot Investment Management has gradually built up a position in Johnson Controls International that totals up to $1 billion.
Reuters has reported that the ongoing Tesla price cuts in Europe have been implemented as damage-control after a conflict with European leasing companies.
The Chinese Commerce Ministry has banned a number of United States firms from exporting their goods to China. These new curbs come as an answer to prior US imposed tariffs on Chinese goods.
Reuters has reported that despite Chinese Politburo efforts to stimulate the real estate market, the Hang Seng Mainland Properties index has recovered only 18%. The minor recovery indicates at a failure to restore the real estate market.
In the aftermath of the major jump, the stock price of GameStop declines. Eventually, the hopes of major gains were killed by the company announcing a plan for issuing new stock.
The Wall Street Journal has reported that big bank lobbyists have managed to convince US regulators to reconsider creation of new regulation that would increase bank capital requirements by 20%.
On Monday, commodity prices and stock indices surged across the world due to the financial markets agreeing upon the expectations of an upcoming US Federal Reserve rate cut.
Over the weekend, the President of Iran passed away in a helicopter accident. The death was called as a reason for a surge in oil prices by 0.5%. However, the move in oil prices appeared to other analysts as an extension of last week's started surge.
The Chinese tech firm Huawei has upgraded its strategy and started to open new type of stores in China that are aimed at competing with Apple stores.
A group of US Senators has revealed a new plan for the development of AI technology. The plans also include government funding for the sector.
Due to a sale of $5 billion of mortgage warehouse loans to JPMorgan, the stock price of the New York Community Bank has surged.
This week, GameStop, AMC and other stocks that rallied during the 2021 Meme Stock surge have once again shot up, as GameStop price surge is measured in hundreds of percent.