Saudi Arabia is primed to become a hotspot for artificial intelligence infrastructure thanks to its surplus in energy, according to Groq CEO Jonathan Ross.The Middle Eastern country is known for its vast energy resources and that’s leading major technology firms to announce infrastructure deals in the region. It is also part of the kingdom’s Vision 2030 strategy, which is a plan to diversify the Saudi Arabian economy beyond oil.Jonathan Ross, the CEO of AI chip company Groq, told CNBC’s “Squawk Box Europe” in an exclusive interview from the Future Investment Initiative (FII) conference in Riyadh, that Saudi Arabia can become a…
Author: usaeverydaylife
new video loaded: Why Trump’s Asia Visit Is ConsequentialPresident Trump has embarked on a six-day diplomatic tour of Asia, testing his role as a statesman and negotiator as he pursues a trade deal with China. Erica L. Green, the White House correspondent for The New York Times, explains what’s at stake.By Erica L. Green, Christina Thornell, Karen Hanley, Stephanie Swart, Pierre Kattar and David SeekampOctober 27, 2025 Source link
Gold prices were flat in Asia trade on Wednesday as investors held back from placing large bets ahead of the U.S. Federal Reserve’s policy decision, while also keeping a close watch on the developments surrounding the Israel-Iran conflict. Anindito Mukherjee | Bloomberg | Getty ImagesThe narrow lanes of Zaveri Bazaar, one of the oldest jewelers’ markets in India’s financial capital, Mumbai, grew even more congested this Diwali as crowds jostled to buy gold on the auspicious first day of the festival of lights.But there was a twist.Most of the people thronging the market were there to buy gold coins or…
U.S. President Donald Trump looks on next to people waving Malaysian national flags before he departs on Air Force One from Kuala Lumpur International Airport in Sepang on Oct. 27, 2025.Andrew Caballero-reynolds | Afp | Getty ImagesU.S. President Donald Trump said Monday that Washington and Beijing were poised to “come away with” a trade deal ahead of his expected meeting with Chinese leader Xi Jinping.Speaking aboard Air Force One en route to Japan from Malaysia, Trump added that he could sign a final deal on TikTok as early as Thursday.”I have a lot of respect for President Xi, and we…
A man shops for produce at a supermarket in Monterey Park, California on September 9, 2025. Frederic J. Brown | Afp | Getty Images A tamer-than-expected U.S. inflation report for September injected optimism into markets. Traders are now betting that the Federal Reserve will almost certainly cut rates at its October meeting — scheduled for later this week — as well as at its December gathering.Major U.S. indexes climbed Friday and had their second consecutive week in the green, with the S&P 500, Nasdaq Composite and the Dow Jones Industrial Average all up about 2% for the week.The inflation report…
European markets set to start the week with Fed, Trump and Xi meeting in mind Source link
UBS is urging investors not to rely solely on the ongoing rally in U.S. equities, arguing that diversification into select Asian markets, higher-quality bonds, and gold will be critical to building more resilient portfolios over the next 12 months. The Swiss bank expects the U.S. bull market to extend, supported by an accommodative Federal Reserve, solid earnings momentum, and continued artificial intelligence-driven investment. But with valuations stretched in some corners of U.S. tech and geopolitical risks simmering, UBS says broadening exposure will help guard against potential bouts of volatility. “We think U.S. stocks can rally further, but we also believe…
People shop for food at a supermarket in Monterey Park, California on September 9, 2025. Frederic J. Brown | Afp | Getty Images A tamer-than-expected U.S. inflation report for September injected optimism into markets. Traders are now betting that the Federal Reserve will almost certainly cut rates at its October meeting — scheduled for later this week — as well as at its December gathering.Major U.S. indexes climbed Friday and had their second consecutive week in the green, with the S&P 500, Nasdaq Composite and the Dow Jones Industrial Average all up about 2% for the week.The inflation report offers…
Argentina’s President Javier Milei addresses the audience during the World Economic Forum (WEF) annual meeting in Davos on January 23, 2025. Milei said at a Bloomberg event on January 22, 2026 that “The world should celebrate the arrival of President Trump,”before Donald Trump will star on January 23, 2025 in an eagerly-anticipated online appearance at the World Economic Forum in Davos, addressing global elites whose annual gabfest has been consumed by the US president’s days-old second term. (Photo by FABRICE COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images)Fabrice Coffrini | Afp | Getty ImagesEarly results in Argentina’s legislative elections on Sunday…
Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China.Shi Kuanbing | VCG | Visual China Group | Getty ImagesChina’s industrial profits soared 21.6% in September from a year ago, the National Bureau of Statistics said Monday, as Beijing’s campaign to curb price wars helped ease pressure on manufacturers despite persistent trade tensions with the U.S.That sharp jump, extending a strong rebound that began in August when the industrial profits jumped 20.4% year-on-year, marked the biggest gain since November 2023.For the first…
