News
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Google Commits £5 Billion to UK Tech Expansion, Fueling European Infrastructure "Arms Race" Among US Tech Giants
TradingKey - On September 16, U.S. tech giant Google (GOOG.US) announced it will invest £5 billion (approximately $6.78 billion) in the United Kingdom over the next two years, demonstrating the company's strategic expansion of artificial intelligence (AI) infrastructure and related services across..
TradingKey
Tue, Sep 16
U.S. and China Reach Breakthrough on TikTok — Seen as Prelude to Possible Trump Visit to Beijing
TradingKey – After two days of negotiations in Madrid, U.S. and Chinese representatives struck a framework agreement on TikTok, marking a rare breakthrough in the long-running dispute. U.S. Treasury Secretary Scott Bessent said the deal will be finalized following a scheduled call between President
TradingKey
Tue, Sep 16
Google's Nano Banana Phenomenon Takes the World by Storm; Is ChatGPT in Trouble?
TradingKey - Google recently unleashed a game-changer: its AI assistant Gemini launched the Nano Banana image editing model, which has taken the internet by storm. Last weekend, Gemini became the most popular free app on the iPhone, dethroning ChatGPT and marking an escalation in the AI arms race amTradingKey
Tue, Sep 16
First Since 1989! White House Advisor to Serve as Fed Governor — Is the Fed’s Independence Still Intact?
TradingKey - On Monday evening, the U.S. Senate confirmed President Trump’s senior economic advisor, Stephen Miran, as a Federal Reserve Governor, by a narrow vote of 48 to 47. The timing — just hours before the start of the Fed’s two-day rate-setting meeting — has been widely seen as a direct moveTradingKey
Tue, Sep 16
Webtoon Rockets 60% After Disney Unveils Partnership for New Platform Featuring 35,000-IP Library
TradingKey - Disney (DIS.US) and digital comics platform Webtoon (WBTN.US) announced a partnership agreement on Monday, under which the two companies will jointly develop a new digital comics platform featuring classic and contemporary comic works from Disney's Marvel, Star Wars, and 20th Century...
TradingKey
Tue, Sep 16
TikTok Deal Boosts Oracle; Shares Rise 3% on Renewed Hopes of Strategic Role
TradingKey - Following reports that China and the U.S. have reached a basic framework agreement on TikTok during economic talks in Spain, Oracle’s stock reversed a two-day 11% decline, surging over 3% as the company is seen as a key player in enabling TikTok to continue operating in the U.S.TradingKey
Tue, Sep 16
PRECIOUS-Gold touches record high as Fed rate-cut hopes dent dollar
Dollar on back foot as traders eye series of Fed rate cutsSPDR Gold Trust holdings rose 0.2% on MondayFed policy statement due on WednesdayBy Brijesh Patel Sept 16 (Reuters) - Gold scaled a record peak on Tuesday, supported by a weaker dollar ahead of the Federal Reserve's policy meeting this...Reuters
Tue, Sep 16
OpenAI hires former xAI CFO Mike Liberatore as business finance officer
Sept 16 (Reuters) - OpenAI has hired Mike Liberatore, former finance chief at Elon Musk's xAI, to be the artificial intelligence startup's business finance officer, responsible for overseeing its AI infrastructure, a company spokesperson told Reuters on Tuesday.Liberatore, who left xAI in Ju...Reuters
Tue, Sep 16
Asia stocks scale new highs, dollar weakens as investors eye Fed cut
Market mood buoyant ahead of Fed decisionAsia shares scale multi-year highsTrump economic adviser Miran gets Senate nod to join Fed boardInvestors eyeing slew of Fed cuts by year-endBy Rae Wee SINGAPORE, Sept 16 (Reuters) - Asia stocks climbed on Tuesday while the dollar fell as investors bet theReuters
Tue, Sep 16
South Korea presidential office says tariff talks with US stalled
SEOUL, Sept 16 (Reuters) - South Korea's presidential office said on Tuesday that tariff talks with the U.S. have been stalled for a while, but President Lee Jae Myung is determined not to force Korean companies to sustain losses by rushing to sign a trade deal. The countries have been strug...Reuters
Tue, Sep 16
China’s yuan hits 9-year high vs dollar, while collapsing vs Europe and Japan
The yuan just climbed to its strongest level against the U.S. dollar in nine years, trading at 7.118 per dollar on Monday, according to data from CNBC. At the same time, it’s been sinking against every other major currency, setting off alarms from India to Mexico. But oh this isn’t some weird fluke,Cryptopolitan
Tue, Sep 16
Base Network Token Exploration Unveiled By Coinbase CEO, Future Plans Disclosed
In a recent announcement on X (formerly Twitter), Brian Armstrong, the CEO of US-based cryptocurrency exchange Coinbase, revealed that the company is actively considering a token launch for Base, its Ethereum (ETH) layer-2 (L2) network.Bitcoinist
Tue, Sep 16
S&P 500 Top 10 Tech Stocks YTD Performance: Oracle Up 81%; Broadcom Up 57%; Netflix, Nvidia, Alphabet And Meta Up 30%
The S&P 500 closed above 6,600 for the first time on Monday. It has gained 12% this year. Among the S&P 500 constituent tech stocks, Oracle performed best, soaring 81% YTD; Broadcom up 57%; Netflix up 35%.Tiger News
Tue, Sep 16
Japan's Nikkei hits record high as tech stocks track Wall Street gains
By Junko FujitaTOKYO, Sept 16 (Reuters) - Japan's Nikkei share average touched a record high on Tuesday, as technology stocks tracked Wall Street's strong overnight finish ahead of the U.S. Federal Reserve's crucial policy meeting later this week. The Nikkei .N225 rose to as high as 45,0...Reuters
Tue, Sep 16
Oracle among firms to enable TikTok to continue operations in US, CBS reporter says
Sept 15 (Reuters) - Oracle ORCL.N is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a framework deal between the U.S. and China is finalized, CBS News reporter Jennifer Jacobs said in a post on X on Monday.Reuters
Tue, Sep 16
South Korea presidential office says tariff talks with US stalled, Newsis reports
SEOUL, Sept 16 (Reuters) - South Korea's presidential office said on Tuesday that tariff talks with the U.S. are in a difficult deadlock, but President Lee Jae Myung is determined not to force Korean firms to sustain losses, the Newsis news agency reported, citing a presidential official.Reuters
Tue, Sep 16
Australia dollar notches another top, momentum on its side
By Wayne Cole SYDNEY, Sept 16 (Reuters) - The Australian dollar eked out its fifth-straight high for the year on Tuesday as the outlook for interest rate and yield spreads shifted in its favour, while technical momentum remained bullish.The Aussie was steady at $0.6667 AUD=D3, having earlier edge
Reuters
Tue, Sep 16
