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U.S strikes with new tech restrictions to curb China’s AI advancements
The United States is imposing new export restrictions on China’s semiconductor industry, barring U.S. shipments to 140 companies. This includes chip equipment maker, Naura Technology Group. According to a Reuters report, the United States launched its third such major sweep on Chinese chipmaking sinCryptopolitan
Tue, Dec 3
US-Europe equity positioning gap widens with bias towards Wall St, Citi says
Investor positioning in U.S. equities remained largely bullish as a rally on Wall Street showed little signs of stopping, while positioning on European stocks reflected a sustained bearish sentiment, Citi said in a note.Investing.com
Tue, Dec 3
Fed's Bostic: Keeping ‘options open’ for December rate decision
Federal Reserve Bank of Atlanta President Raphael Bostic said on Monday that he’s undecided on whether an interest-rate cut is needed in the December meeting, but still believes Fed officials should continue lowering rates over the coming months, per Bloomberg.Cathie Wood: Trump-Led Deregulation To Ignite Crypto And Tech Boom
Now that incoming US President Donald Trump is warming up for his second administration, many in the crypto industry expect big things for tech and crypto. According to Cathie Wood of Ark Investment Management, Trump’s win will spur innovation in artificial intelligence, tech, and cryptocurrencies.Fed's Williams: More rate cuts likely needed ‘over time’
Federal Reserve Bank of New York President John Williams said on Monday that the Fed officials will likely need to cut the interest rates further to move policy to a neutral stance now that risks to inflation and employment have become more balanced, per Bloomberg.Bitcoin to Enter Final Bull Phase? Key Indicator Hints at Major Price Movement
Bitcoin, the world’s leading cryptocurrency, appears to be on the brink of a potential sharp rise. According to a CryptoQuant analyst, Crypto Dan, the market could experience a significant upward trend within the next two months.Why Shopify Stock Skyrocketed 48% Last Month
Shares of e-commerce software company Shopify (NYSE: SHOP) skyrocketed 47.8% during November, according to data provided by S&P Global Market Intelligence. The company helps businesses sell products online, and these merchant customers are doing quite well right now.Other
Tue, Dec 3
