Jonathan Wong
The Latest
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Intel Unveils AI Suite, Aims to be World's Second-Largest Chip Foundry by 2025
On September 20, Beijing time, Intel hosted the "ON Technology Innovation Summit," where they showcased a range of products, including the Core Ultra processor designed for AI PCs, the AI computing chips Gaudi2 and Gaudi3, the fifth-generation Xeon processors, advanced manufacturing processes, and the latest in packaging technology. 
On September 20, Beijing time, Intel hosted the "ON Technology Innovation Summit," where they showcased a range of products, including the Core Ultra processor designed for AI PCs, the AI computing chips Gaudi2 and Gaudi3, the fifth-generation Xeon processors, advanced manufacturing processes, and the latest in packaging technology. -
Instacart's Strong IPO Signals a Return of Investor Risk Appetite
In a notable display of resilience, Instacart, the grocery delivery giant, made a robust debut on the Nasdaq, with its shares surging by 40%, opening at a commendable $42. This comes after the company's initial public offering (IPO) was priced at $30 a share, valuing the San Francisco-based firm at approximately $10 billion on a fully diluted basis. This valuation, however, was a significant drop from its peak private market valuation of $39 billion during the early days of the Covid pandemic in 2021. The opening price further elevated its valuation to around $14 billion. 
In a notable display of resilience, Instacart, the grocery delivery giant, made a robust debut on the Nasdaq, with its shares surging by 40%, opening at a commendable $42. This comes after the company's initial public offering (IPO) was priced at $30 a share, valuing the San Francisco-based firm at approximately $10 billion on a fully diluted basis. This valuation, however, was a significant drop from its peak private market valuation of $39 billion during the early days of the Covid pandemic in 2021. The opening price further elevated its valuation to around $14 billion. -
Inflation's Comeback: Can the Fed Navigate the Rising Tide of Oil Prices?
As oil prices surge for the third consecutive week, the Federal Reserve, aiming for a soft landing for the U.S. economy, is once again haunted by the specter of inflation. 
As oil prices surge for the third consecutive week, the Federal Reserve, aiming for a soft landing for the U.S. economy, is once again haunted by the specter of inflation. -
Instacart's Rocky Road to IPO: From Unicorn Valuation to a $9.9 Billion Debut
The U.S. stock market is buzzing with IPO activity, and following in the footsteps of Arm, Instacart is making its sprint to Nasdaq. 
The U.S. stock market is buzzing with IPO activity, and following in the footsteps of Arm, Instacart is making its sprint to Nasdaq. -
US-China Tech Cold War Intensifies as Lawmaker Meets With Chip Industry Group - Report
In a move that underscores the growing tensions between the U.S. and China in the tech sector, the chair of the U.S. House of Representatives' committee on China is set to meet with a semiconductor industry group. The primary agenda of this meeting is to convey concerns over U.S. investments in China's burgeoning chip industry, according to sources familiar with the matter. 
In a move that underscores the growing tensions between the U.S. and China in the tech sector, the chair of the U.S. House of Representatives' committee on China is set to meet with a semiconductor industry group. The primary agenda of this meeting is to convey concerns over U.S. investments in China's burgeoning chip industry, according to sources familiar with the matter. -
Elon Musk Slams Reports of Tesla's Saudi Factory Plans as 'Utterly False Article'
Tesla CEO Elon Musk has once again taken aim at the Wall Street Journal, this time over a report suggesting Tesla might receive backing from Saudi Arabia to build a factory there. 
Tesla CEO Elon Musk has once again taken aim at the Wall Street Journal, this time over a report suggesting Tesla might receive backing from Saudi Arabia to build a factory there. -
Global Rice Inflation Looms: After India's Export Restrictions, Thailand's Rice Production Faces Challenges
Following India's ban on certain rice exports this summer, global rice prices have neared their highest levels in fifteen years. 
Following India's ban on certain rice exports this summer, global rice prices have neared their highest levels in fifteen years. -
Hunter Biden Takes Legal Action Against IRS Agents Over Alleged Privacy Breach
In a recent development, Hunter Biden, the embattled first son, has initiated legal proceedings against two Internal Revenue Service (IRS) whistleblowers. The lawsuit alleges that these agents violated his right to privacy and sought to publicly "embarrass" him by disclosing his tax information. 
In a recent development, Hunter Biden, the embattled first son, has initiated legal proceedings against two Internal Revenue Service (IRS) whistleblowers. The lawsuit alleges that these agents violated his right to privacy and sought to publicly "embarrass" him by disclosing his tax information. -
Hedge Funds Turn Bullish on Dollar Ahead of Fed Meeting
As the Federal Reserve's interest rate meeting approaches, hedge funds are widely anticipating the FOMC to maintain its hawkish stance, showing optimism towards the U.S. dollar for the first time in six months. 
As the Federal Reserve's interest rate meeting approaches, hedge funds are widely anticipating the FOMC to maintain its hawkish stance, showing optimism towards the U.S. dollar for the first time in six months. -
TikTok Ignites U.S. Black Friday Price Wars with Massive Discounts
As the end-of-year shopping season in the U.S. approaches, TikTok, which recently launched its e-commerce venture in the country, is gearing up to make a splash with promotional campaigns, firing the opening salvo in the retail price war. 
As the end-of-year shopping season in the U.S. approaches, TikTok, which recently launched its e-commerce venture in the country, is gearing up to make a splash with promotional campaigns, firing the opening salvo in the retail price war.
