A tech company lobby group has commented that the US regulator plans to supervise digital wallets could reduce innovation and even keep some companies out of the market.
The surge of the stock price of NVidia has resulted in the asset reaching a new all-time-high level by shortly trading above the $525.00 level. The stock price of the company started to surge on Monday due to the company announcing a new desktop GPU. The new GeForce RTX 40 Super series processors are set to use artificial intelligence.
On Tuesday, oil prices stopped the previous decline, as markets looked for the publication of American Petroleum Institute weekly data at 21:30 GMT.
After breaking the previous all-time-high level, the price for NVidia continued to move higher, as the $525.00 mark was highly likely set to be reached on Tuesday.
This week, the price for Bitcoin has already reached $47,000.00 levels, as the markets await for the approval of a new Exchange Traded Fund. The creation of the new fund is expected to boost demand for the currency due to it being open as investment for a new type of investors.
The Chinese market regulators have announced that Tesla would have to recall 1.62 million cars due to software issues.
Reuters has reported that the Chinese government has been pushing new equity fund launches in an effort to strengthen the stock market.
Due to tensions in the Middle East and recent Federal Reserve comments on inflation, crude oil price benchmarks have continued to rise.
The Chief Executive Officer of McDonald's Chris Kempczinski has stated that several Middle East markets have been impacted by the war in Israel due to associated misinformation.
The United States Bureau of Labor Statistics has just published the US monthly employment data sets. The Dollar jumped against all other assets due to the data being overwhelmingly positive.
The largest supplier of Apple has announced that the company expects a decline in revenues in the first quarter of 2024, as the company observed a decline in demand at the end of 2023.
Recently released Canadian services sector Purchasing Managers Index has revealed that in December the sector continued to experience a decline.
Starting from Thursday, Carrefour has put up signs on PepsiCo products revealing that the supplier has reduced packaging size and increased prices. Moreover, the French retailer intends to no longer sell products of the company.
Data for December has shown a continuation of the decrease of business activity in the Euro Zone.
In 2023 bankruptcy numbers increased by 18%, as higher interest rates increased capital costs and turned a portion of businesses no longer capable to break even.
Recently published Caixin Purchasing Managers Index survey results have revealed that in December the Chinese services sector had experienced a major increase of activity.
This week, after booking record gains in 2023, US semiconductor industry stocks dropped with the sector index dropping 7% from the high reached on December 27.
Due to the more recent attacks on shipping in the Red Sea, shipping lines have increased cargo shipping rates and suspended plans to restart shipping via the Suez Canal.
Recently published data has revealed that in December unemployment had increased in Germany. However, the increase was smaller than forecast due to which the news were seen as positive for the Euro.
The tech giant Intel has announced that it would create an independent company based on its AI software development projects. The new project would be backed by DigitalBridge Group asset managers and associate investors.
The publication of the US Federal Reserve Meeting Minutes has reminded the world that the Fed is debating a reduction of interest rates and a stop to the reduction of the central bank's balance sheet. The reminder caused a decline of the US Dollar's value.
The banking group UBS has revealed that it expects AI revenues to increase to $420 billion in 2027. The bank is upgrading its previous forecast of $300 billion.
The United States National Highway Traffic Safety Administration has announced that Ford would recall 112,965 F-150 trucks due to a rear axle issue.
Due to concern over demand for new devices in 2024, Barclays has downgraded the stock of Apple, which has caused a decline of the price to a seven week low level.