Employees work at an Asahi Tekko Co. factory in Hekinan, Aichi Prefecture, Japan, on Wednesday, Aug. 1, 2018.Bloomberg | Bloomberg | Getty ImagesJapan’s export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.The frail external demand undermines Japan’s quest to drive sustainable economic growth, analysts say, especially given a growing risk of a slowdown in the U.S. and further weakness in China’s economy, two major trading partners.”Japan’s exports are bound to struggle as the global economy is failing to pick up momentum, with growth in both…
Author: usaeverydaylife
The semiconductor sector logged some big gains last week, with industry giants Nvidia , ASML , and TSMC leading the charge. However, investment bank Jefferies is drawing attention to two lesser-known chip stocks that it believes could rise by more than 100%: Aixtron and Ams OSRAM . The SOX Semiconductor index rose around 10% last week after a tough summer, helped by positive comments from Nvidia’s Chief Executive Jensen Huang over demand for the company’s latest artificial intelligence chip, Blackwell. At a Goldman Sachs conference on Sept. 11, Huang said that “demand is so great that delivery of our components…
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesAll seven independent directors of 23andMe resigned from the company’s board Tuesday, a move that CEO Anne Wojcicki said left her “surprised and disappointed,” according to a memo to employees. Wojcicki, who co-founded 23andMe in 2006, said she remains committed to taking the company private.The genetic-testing company went public in 2021 through a special purpose acquisition company (SPAC), and the share price has been mostly in freefall since then,…
Ray Dalio, founder of Bridgewater Associates LP, speaks during an interview on the sidelines of the Milken Institute Asia Summit in Singapore, on Wednesday, Bloomberg | Bloomberg | Getty ImagesSINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center of the world’s economy. Speaking at the Milken Institute’s Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated and often cyclical. Dalio made his remarks Wednesday ahead of the U.S. Federal Reserve’s interest rate decision.1. Debt, money and the economic cycleWith uncertainty still circling around what the Fed will do at…
Democratic presidential nominee and U.S. Vice President Kamala Harris addresses members of the National Association of Black Journalists (NABJ) in Philadelphia, Pennsylvania, U.S., September 17, 2024. Piroschka Van De Wouw | ReutersVice President Kamala Harris on Tuesday laid out how her economic proposals could specifically help young Black men, a key Democratic voting bloc that polls show Republican former President Donald Trump gaining ground with in this election cycle.”I think it’s very important to not operate from the assumption that Black men are in anybody’s pocket,” Harris said in a sit-down interview with a panel from the National Association of Black…
Vice President Kamala Harris, left, at the White House, Washington, July 22, 2024, and former President Donald Trump in Bedminster, New Jersey, Aug. 15, 2024.Nathan Howard | Jeenah Moon | ReutersFor the first time in the 2024 election cycle, Vice President Kamala Harris is viewed as more likely than former President Donald Trump to win the U.S. presidential election, according to a CNBC Fed Survey released Tuesday.The 27 respondents to the survey include investment strategists, economists and fund managers. Among the group, 48% see a Harris victory as the most likely scenario, while 41% believe Trump will win.The survey was conducted…
A Lebanese army soldier gestures to an ambulance rushing wounded people to a hospital in Beirut on September 17, 2024, after explosions hit locations in several Hezbollah strongholds around Lebanon amid ongoing cross-border tensions between Israel and Hezbollah fighters. Anwar Amro | AFP | Getty ImagesIsrael’s Mossad spy agency planted a small amount of explosives inside 5,000 Taiwan-made pagers ordered by Lebanese group Hezbollah months before Tuesday’s detonations, a senior Lebanese security source and another source told Reuters.The operation was an unprecedented Hezbollah security breach that saw thousands of pagers detonate across Lebanon, killing nine people and wounding nearly 3,000 others, including the group’s fighters and Iran’s envoy…
What has 101 suites and villas, views over Bangkok’s Chao Phraya river and costs from $600 per night?Capella Bangkok, 2024’s ‘best’ hotel in the world, according to ’50 Best.’That’s the collective view of 600 anonymous global voters, comprising travel journalists, hoteliers and seasoned travel specialists, which determined the results of “The World’s 50 Best Hotels,” announced Tuesday in London’s historic Guildhall.The hotel climbed 10 places, up from No. 11 on the 2023 list. It has five dining options, including a one Michelin-starred restaurant by chef Mauro Colagreco, plus a “spa sanctuary” called Auriga, and seven riverside villas with private plunge…
India’s Prime Minister Narendra Modi shakes hands with former U.S. President Donald Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020.Mandel Ngan | Afp | Getty ImagesRepublican nominee Donald Trump said Tuesday that he will meet Indian Prime Minister Narendra Modi next week.Speaking at his first public appearance following Sunday’s apparent assassination attempt, Trump said Modi is “fantastic” but also called India a “very big abuser” as he criticized several countries for their trade policies with the U.S.”So when India, which is a very big abuser- he happens to be coming to meet me next…
Vehicles bound for shipment parked in front of the Dream Angel vehicles carrier ship at the Nagoya Port in Nagoya, Japan, on Tuesday, June 18, 2024.Fred Mery | Bloomberg | Getty ImagesAsia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs.Investors await the Federal Reserve’s rate decision due Wednesday stateside, and assessed economic data from Japan. Indonesian central bank’s rate decision is also due later in the day.Japan’s imports and exports in August rose 2.3% and 5.6%, respectively, from a year ago, according to Japan’s…
