Key Points: The Asian Development Bank announced a massive $70 billion infrastructure package to modernize the Asia-Pacific region by 2035. The plan dedicates $50 billion to build the Pan-Asia Power Grid Initiative, connecting borders with 22,000 circuit-kilometers of transmission lines....
Key Points: Asian manufacturers now cover 90% of Nvidia's total production costs. LG Electronics and Nanya Technology experienced massive stock gains after revealing new partnerships. Nvidia shifts its strategy toward physical artificial intelligence, including smart robots and autonomous cars. Top American technology companies will spend hundreds of billions of dollars this year to build new...
Key Points: The adoption of artificial intelligence led to a 4% net drop in global corporate headcounts over the past 12 months. Smart software eliminated 11% of positions, but companies offset the damage by bringing in 18% new hires. United States businesses bucked the global trend and reported a 2% net gain in overall employment....
Key Points: Four Federal Reserve officials voted against the latest policy statement, marking the biggest split in over three decades. Three regional bank presidents opposed language suggesting the central bank will cut interest rates next. One governor dissented because he wanted an immediate quarter-point cut to the benchmark rate. Surging oil prices and the ongoing...
Key Points: The United States exported more than 250 million barrels of crude oil in just nine weeks to replace...
Key Points: Taiwanese electronics giant Foxconn successfully launched two new low-Earth orbit satellites into space on Sunday. A SpaceX Falcon...
