Gold prices were dented as uncertainty grew ahead of the Federal Reserve’s interest rate decision and key Treasury announcement on Wednesday. Spot gold declined 0.03% to $1,983.58 an ounce, and December contract gold futures dropped 0.09% to $1,992.45 in the November 1 Asian session. Traders have also reduced their risk premium for the yellow metal …
Gold Retreats Ahead of Fed Interest Rate Decision Read More »
Chinese tech giant Alibaba Group Holding Ltd.’s cloud computing arm, Alibaba Cloud, has introduced an upgrade to its large language model (LLM) Tongyi Qianwen and launched artificial intelligence (AI) models for different industries amid fierce competition between tech firms. The company said Tongyi Qianwen 2.0 is a significant step up from its predecessor, released in …
Alibaba Introduces Tongyi Qianwen 2.0 and Industry AI Models Read More »
In a week marked by economic resilience and surprising twists, the heartbeat of the U.S. financial landscape echoed with varying rhythms. Let’s embark on a journey through the economic highs and lows of the past week, where the numbers danced to their own tunes. Borrowing Blues and Wall Street Surprises The week kicked off …
South Korean tech giant Samsung Electronics Co. Ltd. announced plans to keep slashing output to reduce chip oversupply and expects to see a rebound in the semiconductor market in 2024. The company sees demand for DRAM chips, such as high bandwidth memory (HBM), strengthening next year due to the rapid increase of on-device AI capabilities. …
Samsung to Continue Chip Output Cut, Expects Rebound in 2024 Read More »
Oil prices on Tuesday rebounded after a 3% drop as Middle East supply fears eased and the Federal Reserve anticipation grew, although weaker economic reading from China curbed gains. Brent futures for January delivery increased by 0.50% to $86.78 a barrel, while the US West Texas Intermediate (WTI) for December climbed 0.53% to $82.75 a …
Oil Prices Climb After 3% Loss, China Data Limits Gains Read More »
On Monday, Tesla shares crashed under pressure from the shrinking electric vehicle (EV) market despite the launch of the Cybertruck delivery page. Tesla’s (TSLA) stock shed 4.79% to $197.36 per share on October 30, falling below the $200.00 resistance level. Furthermore, analysts forecast a 0.59% further slide down to $196.20 apiece in the coming session. …
Tesla Falls Amid EV Slowdown, Cybertruck Page Goes Online Read More »
Chevron’s deal to buy Hess may boost the Bakken shale oil output, although analysts expect it not to hit pre-pandemic levels. Advanced drilling technologies during the Bakken Boom allowed North Dakota to become the US’s second-largest oil-producing state from 2012 to 2020. New Mexico later took the spot after a pandemic-induced drop in demand and …
Chevron-Hess Deal May Boost Bakken, Reach Boom Days Unlikely Read More »
US artificial intelligence (AI) firm OpenAI Inc. has introduced a new update for ChatGPT Plus members that would allow them to upload and examine files. Subscribers have been provided with access to a set of new beta features that enable file uploading and analysis, as well as multimodal support, which automatically lets the company’s language …
OpenAI Introduces New Beta Features to Paid Members Read More »
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