South Korea’s Lee plays down proposed US chip tariffs, warns of higher prices

South Korea’s Lee plays down proposed US chip tariffs, warns of higher prices
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South Korea’s Lee plays down proposed US chip tariffs, warns of higher prices
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Axi Financial Services (UK) reported a 42% increase in revenue for the fiscal year ended 30 June 2024, with turnover reaching $38.96 million, up from $27.5 million the previous year. The UK subsidiary of Australian retail CFD broker Axi revealed in its recently published annual financial statements that it also saw net profit rise 89.5%…
MARKET REPORT Review: – Trump convicted on all 34 counts. Awaits sentencing. – US Q1 GDP and Core PCE revised lower – US Weekly jobless Claims rise slightly more than expected – US Fed’s Williams sticks to script – Rate cut expectations increased slightly. – US to restrain AI chips sales to the Middle East,…
Market expectations call for a significant deceleration in job growth (58k–65k), with sticky Average Hourly Earnings (+0.4% m/m) being the “danger zone” for potential stagflation. A strong NFP (> 100k) could see DXY rise toward 100.40 as rate cuts are priced out; a weak NFP (< 50k) could push DXY down toward 98.00 on bets…
CMC teases entry into tokenisation The tokenization wave shows no signs of slowing, and the retail brokerage industry appears to be catching the fever. This week, CMC Markets has hinted at the upcoming launch of tokenised assets under its capital markets arm, CMC CapX. The teaser follows recent announcements from Robinhood and several crypto exchanges…
The data center industry faces a severe power shortage. Demand for artificial intelligence (AI) compute capacity is growing exponentially, fueled by the generative AI (GenA)) boom and the rollout of power-hungry GPU clusters. Meanwhile, the supply of reliable electricity is limited by an aging utility grid that expands slowly and is weighed down by bureaucratic…
The U.K.’s Consumer Prices Index (CPI) inflation rate dropped to 2.6% in March, down from 2.8% in February, according to data released by the Office for National Statistics (ONS) today. This marks the lowest inflation reading since December and comes in below economists’ expectations of 2.7%. Key points from the ONS report: Headline CPI fell…