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US producer prices increase more than expected in January
U.S. producer prices increased 0.5% in January, driven by higher service margins and tariffs, signaling potential inflation rise in coming months.
OpenAI’s $110 billion funding round draws investment from Amazon, Nvidia, SoftBank
OpenAI secures $110 billion in funding from Amazon, Nvidia, and SoftBank, valuing the AI firm at $840 billion ahead of its planned IPO.
US weekly jobless claims rise slightly
US weekly jobless claims increased slightly to 212,000 for the week ending February 21, reflecting a stable labor market despite hiring hesitancy and AI-related layoffs.
Fed’s Miran: Four quarter-point cuts still warranted this year, no “all clear” for job market
Federal Reserve Governor Stephen Miran endorses four quarter-point rate cuts in 2024, citing ongoing labor market risks despite strong job growth and easing inflation.
DeepSeek withholds latest AI model from US chipmakers including Nvidia, sources say
DeepSeek has excluded U.S. chipmakers Nvidia and AMD from early access to its latest AI model, granting Chinese firms like Huawei a head start on optimization.
Ebay slashes 6% of workforce as e-commerce firm realigns operations
Ebay said on Thursday it is cutting about 800 jobs, or roughly 6% of its full‑time workforce, as the e‑commerce company moves to streamline operations and align staffing with its strategic priorities. “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will [...]
Nvidia forecasts first-quarter sales above estimates
Nvidia forecasts first-quarter revenue of $78 billion, surpassing estimates, driven by strong demand for AI processors amid Big Tech's heavy investments.
Oil turns negative as large US crude stock build outshines supply concerns
US crude oil prices fell after a larger-than-expected stock build overshadowed supply concerns amid US-Iran tensions and potential OPEC+ output changes.
Fed’s Schmid says high inflation still bigger issue facing central bank
Federal Reserve Bank of Kansas City President Jeffrey Schmid says high inflation remains the key issue for the Fed, while employment conditions are stable.
US tariff rate to hit 15% or more for some nations, Greer says
U.S. Trade Representative Jamieson Greer announced tariffs for some countries will rise to 15% or higher, with current China tariffs remaining unchanged.
Trump hails ‘golden age’ in State of the Union as voters sour on economy
President Trump hailed a 'golden age' in his State of the Union, focusing on economic achievements despite low approval and voter frustration over inflation.
AMD clinches second mega chip supply deal, this time with Meta
AMD said on Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years.
