Jerry Lin
The Latest
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Tesla Reportedly in Talks to Build a New Plant in India, Potential Birthplace for More Affordable Model
According to sources cited by media outlets, representatives from Tesla are set to meet with India's Minister of Commerce and Industry this month to discuss the plan for a local manufacturing plant. This factory would potentially produce a brand-new vehicle priced at $24,000. According to sources cited by media outlets, representatives from Tesla are set to meet with India's Minister of Commerce and Industry this month to discuss the plan for a local manufacturing plant. This factory would potentially produce a brand-new vehicle priced at $24,000. -
Why the Fed Isn't Ready to Declare a Victory on Inflation Yet
This Thursday, on July 27, the U.S. Federal Reserve (Fed) is set to announce the Federal Open Market Committee (FOMC) interest rate decision for July. On Monday, Nick Timiraos, a reporter for the Wall Street Journal-often referred to as the "new Federal Reserve wire service"-penned an article suggesting that, given the uncertainty of inflation trends, it's difficult to predict the Fed's next move following Thursday's expected rate hike. This Thursday, on July 27, the U.S. Federal Reserve (Fed) is set to announce the Federal Open Market Committee (FOMC) interest rate decision for July. On Monday, Nick Timiraos, a reporter for the Wall Street Journal-often referred to as the "new Federal Reserve wire service"-penned an article suggesting that, given the uncertainty of inflation trends, it's difficult to predict the Fed's next move following Thursday's expected rate hike. -
A Silver Lining in the Cloud? Eurozone Stocks and Bonds Rally Amidst Euro Decline
Just a few days before the European Central Bank (ECB) prepares for its ninth interest rate hike, newly released economic data suggests that the eurozone economy is facing a risk of recession. However, this bad news for the economy has strengthened expectations that the ECB will end its rate hikes, leading to a surge in both European stocks and bonds. Just a few days before the European Central Bank (ECB) prepares for its ninth interest rate hike, newly released economic data suggests that the eurozone economy is facing a risk of recession. However, this bad news for the economy has strengthened expectations that the ECB will end its rate hikes, leading to a surge in both European stocks and bonds. -
The Market Showdown: Will the Bank of Japan Spring Another 'Surprise' This Week?
As the Bank of Japan's crucial interest rate decision approaches, the market is once again swirling with speculation. As the Bank of Japan's crucial interest rate decision approaches, the market is once again swirling with speculation. -
Japan Falls in Step with U.S., New Controls on Advanced Semiconductor Exports to China Take Effect
Japan has begun enforcing export controls on 23 categories of semiconductor equipment essential to advanced semiconductor manufacturing, starting July 23rd. According to Asahi Shimbun, a major daily newspaper in Japan, this move is intended to prevent China from producing advanced semiconductors, and is also seen as a response to tightening U.S. restrictions on China. Experts, who spoke to Global Times, see Japan's controls as a classic case of 'harming others without benefiting oneself'. Japan has begun enforcing export controls on 23 categories of semiconductor equipment essential to advanced semiconductor manufacturing, starting July 23rd. According to Asahi Shimbun, a major daily newspaper in Japan, this move is intended to prevent China from producing advanced semiconductors, and is also seen as a response to tightening U.S. restrictions on China. Experts, who spoke to Global Times, see Japan's controls as a classic case of 'harming others without benefiting oneself'. -
Twitter's Iconic Blue Bird to Fly Away as Elon Musk Announces Rebrand to 'X'
In a series of surprising announcements, Twitter owner Elon Musk has revealed that the social media giant will soon undergo a significant rebranding, including a change of its logo and the elimination of its long-standing blue bird symbol. The new logo will incorporate an "X", marking a radical departure from the platform's traditional branding. In a series of surprising announcements, Twitter owner Elon Musk has revealed that the social media giant will soon undergo a significant rebranding, including a change of its logo and the elimination of its long-standing blue bird symbol. The new logo will incorporate an "X", marking a radical departure from the platform's traditional branding. -
Apple's M3 Chip to Power 2024 Mac Mini and MacBook Pro, Delaying Usual Release Cycle
Apple's next-generation M3 chip is set to power the Mac mini and MacBook Pro, but not until 2024, according to reports from Bloomberg's Mark Gurman, MacRumors, Apple Insider, and The Apple Post. This marks a departure from the tech giant's usual release cycle, with the Mac mini typically among the first to receive new-generation Apple Silicon chips. Apple's next-generation M3 chip is set to power the Mac mini and MacBook Pro, but not until 2024, according to reports from Bloomberg's Mark Gurman, MacRumors, Apple Insider, and The Apple Post. This marks a departure from the tech giant's usual release cycle, with the Mac mini typically among the first to receive new-generation Apple Silicon chips. -
Amazon's $120 Million Countermove: Bezos Challenges Musk with Florida Satellite Hub
In a move that signals a direct challenge to Elon Musk's SpaceX, Amazon is investing $120 million in a new satellite processing facility at NASA's Kennedy Space Center in Florida. This development is part of the company's ambitious Kuiper project, which aims to launch thousands of internet satellites to provide broadband service to underserved areas worldwide. In a move that signals a direct challenge to Elon Musk's SpaceX, Amazon is investing $120 million in a new satellite processing facility at NASA's Kennedy Space Center in Florida. This development is part of the company's ambitious Kuiper project, which aims to launch thousands of internet satellites to provide broadband service to underserved areas worldwide. -
FTX's $1bn Lawsuit Against Founder Sam Bankman-Fried: A Tale of Misappropriated Funds and Criminal Charges
In a dramatic turn of events, the bankrupt cryptocurrency exchange FTX has filed a lawsuit against its founder, Sam Bankman-Fried, and three other former executives, seeking $1 billion in damages. The lawsuit alleges that the defendants engaged in a series of illicit transactions that should be reversed under U.S. bankruptcy law. The move is seen as an attempt to recoup assets for creditors, including thousands of customers who lost access to their funds when FTX suspended withdrawals last year. In a dramatic turn of events, the bankrupt cryptocurrency exchange FTX has filed a lawsuit against its founder, Sam Bankman-Fried, and three other former executives, seeking $1 billion in damages. The lawsuit alleges that the defendants engaged in a series of illicit transactions that should be reversed under U.S. bankruptcy law. The move is seen as an attempt to recoup assets for creditors, including thousands of customers who lost access to their funds when FTX suspended withdrawals last year. -
Sergey Brin's Comeback Heralds Google's AI Trump Card: Pioneering Gemini Model Set to Launch
Sergey Brin, Google's co-founder and tech industry titan, who disappeared from the public eye four years ago, has been swept back into the spotlight by the winds of artificial intelligence (AI)! Sergey Brin, Google's co-founder and tech industry titan, who disappeared from the public eye four years ago, has been swept back into the spotlight by the winds of artificial intelligence (AI)!