Economy

The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S.Matthew Staver | Bloomberg | Getty ImagesShares of Asian chipmakers rallied on Thursday after Micron Technology’s bullish outlook overnight, which indicated the sector’s supply glut may finally be easing.The U.S. chipmaker reported third quarter earnings that beat estimates, thanks to higher demand for its… […]

Huawei Technologies Chief Financial Officer Meng Wanzhou reacts as she leaves her home to attend a court hearing in Vancouver, Canada, August 10, 2021.Jennifer Gauthier | ReutersSHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than she had expected.One of the expectations for 5G connectivity… […]

After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country’s West Coast ports starting on July 1. The Canadian Labor Code requires three days’ notice to announce a strike. The notice came on Wednesday.Over 99% of ILWU Canada union workers critical for West Coast… […]

Michael Barr, Vice Chair for Supervision at the Federal Reserve, testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023.Saul Loeb | AFP | Getty ImagesAll 23 of the U.S. banks included in the Federal Reserve’s annual stress test… […]

“Quiet quitting” made waves last year as employees started prioritizing boundaries by not taking on additional work or going above and beyond at their jobs. While quiet quitting is often regarded as a personal rejection of the hustle culture, some workers are no longer keeping discontentment on the down-low — instead, they are engaging in “loud… […]

A Nvidia Corp. HGX H100 artificial intelligence supercomputing graphics processing unit (GPU) at the showroom of the company’s offices in Taipei, Taiwan, on Friday, June 2, 2023.I-Hwa Cheng | Bloomberg | Getty ImagesChina’s artificial intelligence stocks fell Wednesday after the Wall Street Journal reported that the U.S. is planning to impose new curbs on shipments… […]

Philip Lane, chief economist of the European Central Bank.Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank Chief Economist Philip Lane on Tuesday warned markets against pricing in cuts to interest rates within the next two years.Earlier this month, the ECB hiked its main rate by 25 basis points to 3.5%, making the latest in a… […]

Generative artificial intelligence is all the rage now but the AI boom is not just all hype, said Dan Ives from Wedbush Securities, who calls it the “fourth industrial revolution playing out.””This is something I call a 1995 moment, parallel with the internet. I do not believe that this is a hype cycle,” the managing director… […]

Thomas Kurian, CEO of Google Cloud, speaks at a cloud computing conference held by the company in 2019.Michael Short | Bloomberg | Getty ImagesLONDON — Google is having productive early conversations with regulators in the European Union about the bloc’s groundbreaking artificial intelligence regulations and how it and other companies can build AI safely and… […]