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WASHINGTON — The US South Korea shipbuilding investment and subs trade deal was unveiled Friday as the two governments released detailed terms of a sweeping economic and security agreement that includes a South Korean pledge to invest $150 billion in American shipbuilding and another $200 billion in broader industrial sectors. The announcement followed months of … Read more
US stocks closed lower Thursday as major indexes retreated on renewed Fed rate cut worries, with the Nasdaq Composite posting the sharpest losses. The Dow Jones Industrial Average, S&P 500 and Nasdaq all fell throughout the session as investors digested mixed economic data and shifting expectations for central bank policy. Concerns intensified after President Trump … Read more
MONTERREY, Mexico — Nvidia Corp. denied plans to invest $1 billion in the northern Mexican state of Nuevo Leon, hours after Governor Samuel Garcia announced the technology giant would build a green data center there. The clarification comes amid confusion over the scope of the project and the role of Nvidia in local technological development. … Read more
NEW YORK — Advanced Micro Devices Inc. (AMD) shares rose nearly five percent in premarket trading Wednesday following the company’s announcement of aggressive long term growth targets aimed at capturing a larger slice of the artificial intelligence chip market from market leader Nvidia. The Santa Clara, California based semiconductor company on Tuesday unveiled plans to … Read more
NEW YORK — The Dow Jones Industrial Average surged more than 500 points Tuesday to close at a record high, buoyed by growing optimism that Washington is nearing an end to the record breaking government shutdown. But the broader US market showed mixed results, as a sell off in technology shares led by Nvidia dragged … Read more
BERLIN — Google will invest around 5 billion euros $5.8 billion in Germany to expand its data center network and digital infrastructure, according to sources familiar with the matter. The investment, among the company’s largest in Europe, underscores Google’s growing commitment to strengthen its presence in the continent’s largest economy and advance its climate neutral … Read more
LONDON— The United Kingdom’s unemployment rate rose to 5 percent in the three months ending in September, the highest level since early 2021, official figures show, signaling a weakening labor market amid ongoing economic pressures. The Office for National Statistics reported the rise in unemployment came in above the 4.9 percent projected by many analysts … Read more
TOKYO — Japanese conglomerate SoftBank Group Corp. announced Tuesday that it has sold its entire stake in Nvidia Corp., raising approximately $5.8 billion, a move designed to support its growing investments in OpenAI and artificial intelligence ventures. The sale, executed in October, is part of SoftBank’s broader strategy to redirect resources toward emerging AI platforms … Read more
BEIJING — China is planning to expand market access, particularly in the services sector, offering new investment opportunities to foreign companies including those from the United States, senior Chinese trade negotiator Li Chenggang said Tuesday. The announcement, made through a statement from the Ministry of Commerce, reflects Beijing’s ongoing efforts to strengthen economic engagement with … Read more
BERLIN — Taiwan’s world leading chip industry has become both an economic engine and a strategic shield, former President Tsai Ing-wen told an audience at the Berlin Freedom Conference on Monday. “Our high tech sector, particularly in semiconductors, has become an indispensable part of the global economy,” Tsai said. “In an age where AI also … Read more
