by Bloomberg.com | Jan 25, 2024 | alerts, Markets/Economy
Stocks have become the topic to avoid at dinner tables in China these days. The new year has seen anxiety over China’s slowing economy flare spectacularly in its giant stock market, with Shanghai dethroned as Asia’s biggest equity market and Hong Kong, where I’m...
by Bloomberg.com | Jan 25, 2024 | alerts, Markets/Economy
Behind almost every leading artificial intelligence startup, you’ll find a tech giant fueling its rise. Microsoft Corp., Alphabet Inc. and Amazon.com Inc. have invested billions in the top artificial intelligence startups, supercharging the fast-growing AI sector and...
by Bloomberg.com | Jan 25, 2024 | alerts, Markets/Economy
Ebbing inflation reduces firms’ ability to boost prices Wall Street sees revenue growth slowing for the sector While US consumers may be feeling a measure of relief as inflation cools, investors in the shares of consumer-goods makers aren’t quite as calm. That’s...
by Bloomberg.com | Jan 24, 2024 | alerts, Markets/Economy
The number of Americans applying for unemployment insurance have been defying expectations and hovering near historically low levels, but they’re not a good indicator of the state of the labor market right now, according to a Bloomberg Economics analysis. The latest...
by Bloomberg.com | Jan 24, 2024 | alerts, Markets/Economy
Software giant is second company to hit level, following Apple AI services are seen as a long-term revenue growth tailwind Microsoft Corp. achieved a historic $3 trillion market valuation on Wednesday, in the latest example of how optimism over artificial...
by ChinaUSFocus.com | Jan 24, 2024 | alerts, Markets/Economy
2022 was not a good year for the Chinese economy. In 2022, the COVID-19 epidemic, which started in December 2019, caused significant economic disruptions in the second quarter, especially in Shanghai, resulting in a real rate of growth for the Mainland economy of only...
