Jerry Lin
The Latest
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Microsoft Serves as Financial Backer, Partners with AMD to Develop New AI Chip; AMD Shares Surge 10% Briefly
On Thursday, May 4, sources familiar with the matter said that Microsoft is providing financial support to strengthen AMD's efforts to develop AI chips, and is working with them to develop a self-developed AI chip codenamed Athena, part of Microsoft's multi-pronged approach to AI chip development. 
On Thursday, May 4, sources familiar with the matter said that Microsoft is providing financial support to strengthen AMD's efforts to develop AI chips, and is working with them to develop a self-developed AI chip codenamed Athena, part of Microsoft's multi-pronged approach to AI chip development. -
Saudi Arabia lowers oil prices for Asia after a violent drop in crude oil, with a smaller-than-expected decrease
Saudi Aramco has reduced the official selling prices for all regions in Asia for June. The company's main Arab light crude oil price is down to $2.55 per barrel above the regional benchmark, 25 cents lower than this month's price, and smaller than the market's expected 45 cent drop. As the energy market weakens, Saudi Arabia has lowered oil prices for Asia. 
Saudi Aramco has reduced the official selling prices for all regions in Asia for June. The company's main Arab light crude oil price is down to $2.55 per barrel above the regional benchmark, 25 cents lower than this month's price, and smaller than the market's expected 45 cent drop. As the energy market weakens, Saudi Arabia has lowered oil prices for Asia. -
ECB Raises Interest Rates by 25 Basis Points, Says 'High Rates Will Persist for a Long Time'
The European Central Bank (ECB) raised interest rates by 25 basis points as expected, warning that "inflation outlook remains too high for too long," suggesting further rate hikes in the future. 
The European Central Bank (ECB) raised interest rates by 25 basis points as expected, warning that "inflation outlook remains too high for too long," suggesting further rate hikes in the future. -
Oil Prices Plunge Over 5% Ahead of Federal Reserve Decision
On Wednesday, international oil prices continued to fall, extending the decline from the previous trading day as traders worried about the Federal Reserve's upcoming interest rate decision amid economic uncertainty. 
On Wednesday, international oil prices continued to fall, extending the decline from the previous trading day as traders worried about the Federal Reserve's upcoming interest rate decision amid economic uncertainty. -
Samsung Implements New Policy Limiting AI Use in the Workplace
According to an internal memo, Samsung has introduced a new policy this week, prohibiting employees from using generative artificial intelligence tools like OpenAI's ChatGPT and Google Bard in the workplace. 
According to an internal memo, Samsung has introduced a new policy this week, prohibiting employees from using generative artificial intelligence tools like OpenAI's ChatGPT and Google Bard in the workplace. -
Energy Giants in Talks for $10 Billion Deal to Develop Saudi Arabia's Largest Unconventional Gas Field
Saudi Aramco, Sinopec, and TotalEnergies are in negotiations to invest in Saudi Arabia's Jafurah development project. 
Saudi Aramco, Sinopec, and TotalEnergies are in negotiations to invest in Saudi Arabia's Jafurah development project. -
Gold Prices Surge Above $2,000 as Global Uncertainty Boosts Demand; Hong Kong Gold Stocks Rally
Amid escalating concerns over global uncertainty, gold stocks in Hong Kong experienced a collective surge on Wednesday. At the time of publication, Lingbao Gold (03330.HK) and China Gold International (02099.HK) both saw gains of over 5%, leading the rally in gold stocks. 
Amid escalating concerns over global uncertainty, gold stocks in Hong Kong experienced a collective surge on Wednesday. At the time of publication, Lingbao Gold (03330.HK) and China Gold International (02099.HK) both saw gains of over 5%, leading the rally in gold stocks. -
Regional Bank Stocks Continue to Fall as Investors Await Federal Reserve Decision
U.S. stock indices fell collectively on Tuesday, with regional banks and oil stocks leading the decline. Investor concerns about the banking crisis, unease over the U.S. debt ceiling, and uncertainty about the Federal Reserve's future interest rate policy stance weighed on market risk appetite. 
U.S. stock indices fell collectively on Tuesday, with regional banks and oil stocks leading the decline. Investor concerns about the banking crisis, unease over the U.S. debt ceiling, and uncertainty about the Federal Reserve's future interest rate policy stance weighed on market risk appetite. -
Why Are US Regional Bank Stocks Plummeting After First Republic Bank's Rescue?
The collapse of First Republic Bank highlights long-standing weaknesses in the banking sector. The market now wonders which bank may need assistance next. Additionally, when the FDIC took over First Republic on Monday, it did not announce an expansion of deposit insurance coverage, disappointing some regional bank investors. 
The collapse of First Republic Bank highlights long-standing weaknesses in the banking sector. The market now wonders which bank may need assistance next. Additionally, when the FDIC took over First Republic on Monday, it did not announce an expansion of deposit insurance coverage, disappointing some regional bank investors. -
Tesla Raises Car Prices Across Markets, China Sees Biggest Increase
Global electric vehicle pioneer Tesla has been frequently adjusting the prices of its electric cars, and on Monday, it raised the prices of its two best-selling models. 
Global electric vehicle pioneer Tesla has been frequently adjusting the prices of its electric cars, and on Monday, it raised the prices of its two best-selling models.
