Business and Technology
Op-Ed: Why a semiconductor economy could make Arizona as the next tech hub in America
In the rapidly changing world of digitalization and technology, semiconductors seem to have become the next big thing in tech. Where these microchips for algorithms and digital devices go, is where the money follows.
Op-Ed: Is this the end of Ozempic’s rule?
Ozempic, a semaglutide drug (GLP-1) originally made to treat diabetes, is a word that has grown to become a part of the cultural lexicon.
As Global Luxury Sales Fall, the High-Fashion Industry Grapples
Post COVID-19, the luxury industry has taken hits after hits from multiple angles and aspects. The novelty is wearing off for entry-level consumers which discourages mass purchases, and the purchase power weakening amongst a massive revenue source - Chinese customers - waning economic prospects.
Dock Workers Heighten Demands Against AI Takeover of Job Market
The East Coast dock worker strike beginning early October, debating over automation labor replacement and wages, has once again put concerns over AI disrupting job markets back in the limelight.
Southwest Airlines, The Bygone Days of Budget Airlines
Southwest Airlines shares jumped 4.7% last week, after board member Rakesh Gangwal made over $100 million in investments in the company between Sept 30th and Oct 1st. This is a rare occasion where Southwest has seen such positive news since the pandemic in 2020.
EU’s Decision on Chinese EVs and Germany’s Response
On Friday October 4, 2024, the European Union (EU) finished voting on the proposed tariffs on Chinese electric vehicles (EVs). While countries like Hungary and Germany vocally disagreed to this proposition, a majority of EU countries had already voted in favor of the tariffs. The tariffs are only the beginning of a potential long-lasting economic cold war between China and the West.
Can China’s Economic Stimulus Package Resuscitate its Ailing Economy?
It is no secret that China’s economy has been stagnating. A deflationary spiral looming as the GDP deflator has declined for five consecutive quarters, and economic growth falling short of expectations—growing at just 4% nominal GDP, below the 5% target—the economy faces significant challenges.
China’s Auto Boom Faces Global Pushback Amid Economic and Diplomatic Challenges
As part of an initiative to enhance its economic prowess, China is strategizing its auto-exports to grow its global consumer market share and increase the country’s diplomatic influence.
China’s Rate Cuts and its Impact on the United States
On Tuesday, Sept. 24, 2024, China announced that its central bank, the People’s Bank of China, will cut its seven-day interest rate from 1.7% to 1.5%. The rate cut, along with a 1 trillion yuan liquid injection, aims to boost their economy that was affected by the COVID-19 pandemic.
Is The Ride Over?
After a first quarter of the year marked by optimism, with jubilant celebrations over the bright future of the tech industry, reality takes hold. Recent statements by Fed leaders and recent developments on the world stage have reminded overly excited investors that there is still high inflation and a war in the Middle East.
A Rocket That Has Lost Its Fuel
The market has, by all means, had a great start to the year. Nvidia has doubled. The Dow has repeatedly come close to breaching a historic 40,000 level. The Nasdaq has risen 11%. The S&P has risen by close to 10%.
But there’s an important catch to this market rally.
OpenAI’s Revolution For The World
OpenAI has already taken the world by storm, with its era-defining ChatGPT, which has inspired a lot of major tech companies to follow in its footsteps. OpenAI’s thrusting of AI into the public consciousness has indirectly allowed it to indirectly power the stock market for nearly a year.
New Standard Mandates Banks to Report Emissions Involving Stocks and Bonds Underwriting
On Friday, Dec. 1, the Partnership for Carbon Accounting Financials (PCAF) launched the first Global GHG Accounting and Reporting Standard for Capital Markets, a new standard that will account for carbon emissions associated with capital markets deals done by banks across the world.
A New Era of Uncertainty?
Analysts believe that what is happening now is a shift in the market narrative. A fear of higher-for-longer interest and bond rates has turned into increasing hope for rate cuts and a gentle economic landing, with low inflation data throwing that shift into overdrive.
What’s The Future of Work After WeWork?
What started out as a revolution in how people work has ended in a burst of flame as WeWork filed for bankruptcy last week. The co-working company, which was once valued at $47 billion, faced increasing obstacles that eventually proved too difficult to overcome, causing the stock to fall by around 99%. At the time of its bankruptcy, WeWork was only worth $50 million.
Reshaping Tech Power: An Overview of the US v. Google Antitrust Trial
Since paying for default status in 2005, Google has overpowered the tech industry as the search engine of choice for internet users. Now, Google’s dominance is giving rise to major lawsuits from the US government, centering on Google’s alleged market manipulation to uphold its status.
Markets Cheer The End of A Troubled Era
Thursday marked a period of raucous celebration on Wall Street, as comments from the Federal Reserve on Wednesday increased hopes of an end to a two-year long period of rapid rate hikes.
Biden’s Executive Order to Establish Regulations for Artificial Intelligence Usage
On Monday, Oct. 30, President Biden outlined the first federal regulations over the use of artificial intelligence (AI) systems. In light of AI becoming a fast-growing sector, Biden’s executive order seeks to oversee AI research and enforce AI testing requirements, in order to prevent the potential development of weapons or supercharged cyberattacks.