Qualcomm Implements Workforce Reductions in California to Enhance Cost Efficiency
In a strategic move to enhance cost-efficiency, Qualcomm is set to eliminate 1,258 positions in California, spanning across San Diego and Santa Clara. These workforce adjustments were revealed in submissions…
Special Purpose Acquisition Company (SPAC) to Refund $533 Million from Trump Social Media Transaction
Digital World Acquisition Corp, the special purpose acquisition company (SPAC) set to merge with former U.S. President Donald Trump's media and technology venture, announced this week that it will be…
UK Approves Microsoft’s $69 Billion Acquisition of Activision Blizzard
The United Kingdom's antitrust regulator has given its clearance for Microsoft's (MSFT) acquisition of Activision Blizzard (ATVI), the company behind "Call of Duty." This decision comes after the revised deal…
Dollar Holds Steady After US Inflation Report, Yuan Steadies Amid Mixed Chinese Data
On Friday, the US dollar maintained its strength after a robust US consumer inflation report, reigniting the possibility that the Federal Reserve may need to maintain higher interest rates for…
Asian Stocks Decline Amid Renewed Focus on Fed Rate Hikes: Market Overview
The upswing in Asian equities came to a halt as Treasury yields surged, driven by US inflation data that reinforced expectations of Federal Reserve interest rate hikes. In addition, the…
Shifting Sentiments Shake Treasury Market Amidst Federal Reserve’s Monetary Policy Uncertainty
The U.S. Treasury market finds itself in a state of flux as shifting sentiments about the Federal Reserve's monetary policy path leave investors scrambling to anticipate an eventual peak in…
“Asset Managers Capitalize on ETF Demand with Active Funds and Conversions”
Established asset managers, who initially hesitated to embrace the ETF trend, are now entering the market by launching new ETFs and converting existing mutual funds into ETFs. Notable firms like…
Taiwan Urges EU Progress on Investment Deal Amid Chip Industry Collaboration
A Taiwanese minister has called upon the European Union to make substantial progress in negotiations for a long-delayed investment deal. This appeal comes as the EU actively seeks closer connections…
“Global Markets Reach Three-Week High Amid Escalating Rate Debate”
World markets saw an increase in share prices, while the dollar and bond market interest rates remained stable on Thursday, as the focus turns to U.S. inflation data and the…
Malaysia Dismisses Goldman Sachs’ Claims in 1MDB Arbitration Legal Dispute
The Malaysian government has rebuffed claims made by Goldman Sachs in its lawsuit alleging that Malaysia violated a settlement agreement related to the 1MDB corruption scandal. Goldman Sachs previously agreed…
