Forex

U.S. Mortgage Rates Soars To New High The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase and driving mortgage applications to a 28-year low, a survey showed yesterday. UAW Reaches Deal To End Strike With Record Pay Raise Ford […]

Oil Prices Ease As Convoy Arrives To Help Oil prices slid more than USD 1 today as diplomatic efforts grew over the weekend to contain a conflict between Israel and the Palestinian Islamist group Hamas, amid worries of a wider confrontation in the oil-rich region and pressure on supplies. Middle East Woes Send Asia Shares […]

China Weighs Options To Blunt U.S. Sanctions In a war with the U.S. over Taiwan, China would need to create a global network of companies under U.S. sanctions, seize American assets within its borders, and issue gold-denominated bonds, according to Chinese government-affiliated researchers. Tesla Factory In Mexico Is Still On The Table Mexico’s Nuevo Leon […]

U.S. Throws Nvidia A Lifeline Amidst China Chip Feud While stripping China’s access to key U.S. artificial intelligence chips, the Biden administration’s sweeping new rules also quietly threw Nvidia (NVDA.O), Intel (INTC.O) and Advanced Micro Devices (AMD) (AMD.O) a potential lifeline to preserve lucrative business in one of the world’s biggest chip markets. Wall Street Falls More Than 1% While […]

China’s Q3 GDP Growth Shows Signs Of Recovery China’s economy grew at a faster than expected clip in the third quarter, while consumption and industrial activity in September also surprised on the upside, suggesting the recent flurry of policy measures is helping to bolster a tentative recovery. Nasdaq Ends On Higher Yields The Nasdaq ended […]

Costs Rising For Prolonged Auto Strike Ford (F.N) executive chairman Bill Ford urged the United Auto Workers union to end a 32-day strike and reach a new labor agreement as he also warned of the growing impact to the automaker and the U.S. economy in its entirety. Toyota Production Comes To A Screeching Halt In 2 Plants […]

UAW Escalates Action On Ford The United Auto Workers said on Saturday they had to escalate action against Ford (F.N) as they expected a revised offer from the automaker but were given the same offer as two weeks ago. Tariff-Free Trade Extended Between Britain And S. Korea Britain and South Korea have agreed to extend a period […]

Ford At Its Limit With UAW Contract Offer A senior Ford executive said yesterday that the automaker is “at the limit” of what it can spend on higher wages and benefits for the United Auto Workers, and warned the union’s strike at the company’s most profitable factory could harm workers and slash profits. SPAC To […]

New OpenAI Updates To Lower Cost OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence models, as the ChatGPT maker tries to court more companies to use its technology, according to sources familiar with the matter. Reports Of Biggest-Ever […]

China’s Country Garden Signals Default China’s Country Garden Holdings (2007.HK) said it might not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, as the country’s largest private property developer grapples with debt restructuring. S. Korean Firm Gets Indefinite Waiver On Chip Supplies Samsung Electronics (005930.KS) and SK Hynix (000660.KS) will be […]