Reported 6 months ago
The US Commerce Department plans to grant $75 million to Absolics, an affiliate of SKC Co, for constructing a facility in Georgia to supply advanced materials to the semiconductor industry. This funding is part of the U.S. government's $52.7 billion semiconductor chips manufacturing and subsidy fund and will support the development of technology for advanced packaging, creating jobs and boosting the semiconductor supply chain. Absolics' glass substrate technology will enhance the performance of AI and data center chips, and this initiative aligns with the US government's aim to develop high-volume advanced packaging facilities and reduce the concentration of this market in Asia.
Source: YAHOO
Reported 6 months ago
Electric vehicle manufacturer Tesla has started construction on a $200 million factory in Shanghai to produce Megapack energy storage batteries, marking its first battery plant outside the US. The plant, located in Shanghai's Lingang pilot free trade zone, is expected to begin mass production in early 2025 with an initial capacity of 10,000 Megapack units per year. Each Megapack can store over 3.9 megawatt hours of energy and is designed for utility companies and commercial facilities, catering to the growing demand for energy storage due to the expansion of solar and wind energy. China, a global leader in wind and solar capacity, presents a significant market for energy storage solutions.
Source: YAHOO
Reported 6 months ago
The article discusses Cathie Wood's interest in a particular innovative growth stock that she has been aggressively buying. The stock in question is not explicitly mentioned in the summary. The author, Parkev Tatevosian, CFA, highlights this explosive growth stock in a video published on May 22, 2024. The article also mentions that investing in Roblox may not be one of the top 10 suggested stocks by The Motley Fool Stock Advisor team, but it could still potentially yield significant returns.
Source: YAHOO
Reported 6 months ago
China Vanke, a major property developer, has secured a 20 billion yuan ($2.76 billion) syndicated loan facility to boost its liquidity, following regulators' call for increased financial support for the company. The loan, led by China Merchants Bank, is part of efforts to address the debt crisis in the real estate sector. Lenders, including state-owned Industrial and Commercial Bank of China, are in talks to provide additional financing, with half of the facility already transferred to Vanke. The company plans to raise more than 30 billion yuan through asset disposals this year.
Source: YAHOO
Reported 6 months ago
U.S. intelligence agencies are cautiously embracing generative AI technology to handle the vast amounts of data from surveillance tech and social media platforms. While the tech shows promise in predictive analysis and scenario brainstorming, officials are wary of its limitations, security risks, and potential for bias. Agencies like the CIA are using an open-source AI named Osiris for unclassified data analysis, while big players in AI like Microsoft and Primer AI are vying for government contracts. Challenges lie ahead in countering adversaries' use of AI, ensuring privacy, and maintaining model integrity and security. The adoption of AI will vary by agency mission, with priorities on enhancing capabilities like geospatial intelligence and cyberconflict. Despite the potential benefits, experts caution that AI will not replace human analysts due to the complexity of intelligence work and decision-making.
Source: YAHOO
Reported 6 months ago
Alphabet, the parent company of Google, has made significant changes to its investment portfolio according to its latest 13F filing. Alphabet reduced its stake in hypergrowth stocks CrowdStrike Holdings and DexCom while heavily investing in DevSecOps software developer GitLab, making it the largest position in its portfolio. CrowdStrike's AI-driven security platform and DexCom's continuous glucose monitoring systems are highlighted as promising investments, while the partnership between Alphabet's Google Cloud and GitLab is noted to be beneficial for both companies.
Source: YAHOO
Reported 6 months ago
U.S. intelligence agencies are cautiously embracing generative AI technology, recognizing its potential but also acknowledging its limitations and vulnerabilities. The technology has shown promise in analyzing data related to illicit activities, such as Chinese fentanyl trafficking, and providing evidence summaries for potential criminal cases. While agencies like the CIA are experimenting with AI models like Osiris for predictive analysis, officials are wary of security risks, privacy concerns, and the potential for adversaries to exploit this technology. Despite the excitement around AI's capabilities, there is a consensus that human analysts will continue to play a crucial role in intelligence work due to the complexity and nuances of the information they handle.
Source: YAHOO
Reported 6 months ago
Euro-zone wage growth in the first quarter of 2024 increased to 4.7% year-on-year, contradicting expectations of a slowdown and serving as a warning to the European Central Bank about potential inflation risks. The increase in negotiated pay, particularly in Germany where wages rose by 6.2%, has raised concerns about the impact on inflation and the ECB's plans to lower interest rates. Despite some moderation expected in wage pressures for the rest of the year, policymakers remain cautious as stronger economic activity and rising wages could limit the ECB's ability to implement further rate cuts beyond June.
Source: YAHOO
Reported 6 months ago
The article discusses Berkshire Hathaway's potential to become the first non-technology company in the U.S. to join the $1 trillion club within the next 12 months. Led by Warren Buffett, the conglomerate's long-term investment strategy has resulted in significant returns, with key holdings like Apple, American Express, and Coca-Cola contributing to its success. With a market capitalization of nearly $900 billion, Berkshire only needs an 11% increase in stock value to reach the $1 trillion milestone, supported by factors such as stock buybacks by Apple and the Federal Reserve's potential interest rate cuts.
Source: YAHOO
Reported 6 months ago
The article discusses two electric vehicle (EV) stocks worth buying, which are Rivian Automotive and ChargePoint, and one to avoid, Lucid. Rivian is highlighted for its production capabilities and potential positive gross margin by the fourth quarter of 2024, while ChargePoint is noted as the largest builder of EV charging stations in North America and Europe with growth potential. On the other hand, Lucid is cautioned against due to production struggles and high valuation. The article provides insights into each company's performance, growth prospects, and stock valuation to guide investors in their decision-making.
Source: YAHOO
Reported 6 months ago
U.S. Treasury Secretary Janet Yellen is advocating for a united front among market-driven countries, particularly the G7, to oppose China's state-driven industrial policies at a finance meeting in Italy. Yellen seeks agreement on unlocking $300 billion in frozen Russian assets to support Ukraine beyond 2025. She highlights concerns from countries such as Mexico, India, and South Africa regarding China's excessive investments in strategic sectors. Yellen calls for unified messaging to China without necessarily aligning trade policies, following the U.S.'s recent tariffs on Chinese goods. Additionally, Yellen rejects Brazil's proposal for a global wealth tax on the super-rich to fund clean energy transitions in developing countries.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
US Treasury Secretary Janet Yellen criticized Israel for withholding revenues collected on behalf of the Palestinian Authority, warning against cutting Palestinian lenders off from Israeli correspondent banks. Yellen stated that these moves threaten economic stability in the West Bank, as correspondent banks play a crucial role in facilitating imports and exports vital for Palestinian livelihoods. Israeli Finance Minister Bezalel Smotrich had called for punitive measures against the PA amid the ongoing conflict with Hamas in Gaza. Yellen emphasized the adverse effects of such decisions on the West Bank economy and stated that diplomatic efforts will be made to ensure the financial arrangement continues.
Source: YAHOO
Reported 6 months ago
The article discusses how billionaire investors approached the "Magnificent Seven" stocks in the first quarter, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla. Billionaires sold shares of Nvidia and Meta Platforms, possibly due to profit-taking, concerns about competition, and economic outlook. In contrast, they were buying Amazon shares aggressively, attracted by segments like Amazon Web Services, advertising, and subscription services, along with the company's valuation.
Source: YAHOO
Reported 6 months ago
The Motley Fool article by Parkev Tatevosian discusses a spectacular dividend stock that has decreased by 19%, suggesting investors might regret not buying it during the dip. The article highlights Home Depot as a potential investment opportunity for passive income investors, presenting insights from the Stock Advisor analyst team and their recommended stocks. Tatevosian, who has no position in the mentioned stocks, may earn compensation for promoting services.
Source: YAHOO
Reported 6 months ago
The article discusses two top dividend stocks investors can consider: Home Depot and Realty Income. Home Depot, the leading home improvement chain, is seen as resilient despite inflation, with plans for growth and a 2.5% dividend yield. Realty Income, a retail real estate investment trust, offers a stable business model, monthly dividends, and a 5.6% dividend yield. Both stocks are viewed as good picks for passive income regardless of market conditions, with Home Depot flat this year and Realty Income experiencing an 8% value drop, making them attractive options for investors looking to capitalize on potential gains.
Source: YAHOO
Reported 6 months ago
The article discusses the benefits of investing in stock-split stocks, which do not change the value of a business but can attract investors. It highlights Walmart as a top stock-split stock to buy, noting its strong performance, online sales growth, and stock split of 3-for-1. Additionally, Chipotle Mexican Grill is recommended as another promising stock-split stock due to its rapid expansion, profitability, and upcoming 50-for-1 stock split. The article also mentions the Motley Fool Stock Advisor's list of top stocks for investment.
Source: YAHOO
Reported 6 months ago
Located in Mitaka, Tokyo, the Ghibli Museum, founded by Hayao Miyazaki, showcases his creative works including hand-drawn manuscripts and film production exhibits in a whimsical setting envisioned by Miyazaki himself. Tickets can only be purchased online in advance or in specified convenience stores on the same day, with options like KKDAY and KLOOK available for easier booking but at a higher price. For those planning a visit, various transportation methods from central Tokyo are detailed along with ticket purchasing tips to navigate the museum's unique guidelines and restrictions.
Source: YAHOO
Reported 6 months ago
New York City's tax revenue from tourists has exceeded pre-pandemic levels, with a record $4.9 billion expected in the current fiscal year, driven by a surge in US visitors offsetting declines in international and business travel. Despite a slower-than-anticipated return of international travelers, the city is projected to host 68 million visitors by 2025. The tourism industry is still down 10.4% in terms of jobs compared to pre-pandemic levels, but New York City remains the top US tourist destination.
Source: YAHOO
Reported 6 months ago
The article discusses the Vanguard Mega Cap ETF, which has an annual fee of $7 for $10,000 invested and has outperformed both the S&P 500 and the Nasdaq Composite so far this year. Despite a slightly higher expense ratio compared to the Vanguard S&P 500 ETF, the Vanguard Mega Cap ETF focuses on larger companies, providing exposure to growth sectors like tech, communications, and consumer discretionary. This ETF has slightly beaten the S&P 500 and Nasdaq Composite over the last three years, driven by the performance of mega-cap tech companies. The article suggests that the Vanguard Mega Cap ETF is a good option for investors seeking broad-based exposure to large U.S.-based companies with a concentration in growth themes.
Source: YAHOO
Reported 6 months ago
China's state stockpiler, the National Food and Strategic Reserves Administration, intends to purchase up to 15,000 metric tons of cobalt metal from local Chinese producers in the coming months, a record quantity for a single purchase. This plan aims to offset some of the surplus in the cobalt market this year, with the metal being crucial for various industries like defense, aerospace, and communication. Chinese producers are looking for a price around $12 per pound, similar to current cobalt prices. This move is expected to mitigate pressure on cobalt prices but may not significantly impact the oversupplied market due to substantial production from the Democratic Republic of Congo.
Source: YAHOO
Reported 6 months ago
Chinese planemaker COMAC is looking to expand globally by targeting Saudi Arabia, with Chairman Dongfeng He visiting the country and expressing interest in contributing to its aviation transportation development. Despite efforts to break into the international passenger jet market dominated by Western manufacturers, COMAC still faces challenges without certifications from the US or EU. The company recently showcased its planes in Southeast Asia and is pursuing certification with Europe's aviation regulator for its C919 narrow-body jet. Saudi Arabia, in its Vision 2030 plan to diversify its economy, is considering COMAC for potential assembly lines and partnerships to support its aviation growth.
Source: YAHOO
Reported 6 months ago
The article discusses three Warren Buffett-backed stocks that could be good additions to an investment portfolio for less than $1,000 each. The stocks mentioned are American Express, Moody's, and Citigroup. American Express is highlighted for its strong brand attracting high-end customers, Moody's for its dominant position in the credit rating market, and Citigroup for its potential turnaround under new leadership. These stocks are considered attractive investment options for long-term growth.
Source: YAHOO
Reported 6 months ago
In April, Thai exports rebounded by 6.8% year-on-year, surpassing analyst expectations, with a decline of 6.7% from March. The commerce ministry anticipates a slight increase in exports in the second quarter, attributing the growth to rising demand for industrial goods amidst global economic recovery and agricultural price increases due to volatile weather conditions. Despite geopolitical risks, exports of industrial goods rose by 9.2% and rice export volumes surged in April. The country's export growth target for the year remains at 1% to 2%, after a 1% decline in 2023, with a trade deficit of $1.64 billion recorded in April.
Source: YAHOO
Reported 6 months ago
Road cycling at the Paris 2024 Olympics will feature two events for both men and women - the road race and the time trial. The men's road race will be 273km long with 2,800m of ascent, while the women's will be 158km with 1,700m of ascent. Both races start at Trocadero and pass through famous Parisian landmarks before heading out to the challenging terrain of the Chevreuse Valley. The time trial will be a solo effort over a flat 32.4km course, marking the first time men and women will race the same time trial course over the same distance in Olympic history. Italy has won the most Olympic medals in road cycling with 20, while the Netherlands have won the most gold medals with 10. Great Britain has won 16 road cycling Olympic medals, with two golds won by Nicole Cooke and Sir Bradley Wiggins.
Source: YAHOO