AI disruption looms over markets with US jobs data on tap
CNA
NEW YORK, Feb 27 : Prospects for artificial intelligence to disrupt business sectors should keep the U.S. stock market on edge in the coming week, as Wall Street looks for more insight into how the emerging technology will reverberate through the economy.The monthly U.S. jobs report headlines economic data du
NEW YORK, Feb 27 : Prospects for artificial intelligence to disrupt business sectors should keep the U.S. stock market on edge in the coming week, as Wall Street looks for more insight into how the emerging technology will reverberate through the economy.
The monthly U.S. jobs report headlines economic data due next week, while major semiconductor player Broadcom is among the remaining reports that will close out the fourth-quarter earnings season.
The disruptive potential of AI has consumed investors in recent weeks, with shares in industries such as software, wealth management and real estate services pummeled by concerns about business upheaval.
"There continues to be this ... back and forth about who might be the victim and those that will actually emerge winners because they are harnessing AI as opposed to being replaced by it," said Kristina Hooper, chief market strategist at Man Group.
China's factory output growth quickened in January-February while retail sales rebounded, in a steady start to the year for an economy confronting multiple challenges, including the fallout from the United
TAIPEI, March 16 : U.S. memory chipmaker Micron Technology said on Monday it plans to build a second manufacturing facility in Taiwan at the Tongluo site it recently acquired from Powerchip Semiconductor Manufacturing Corp.The new facility will help it expand supply of leading-edge DRAM products including hig
SYDNEY, March 16 : Asian markets were in a wary mood on Monday as hostilities in the Gulf kept oil prices elevated, complicating an inflation outlook that should keep most central banks on pause at policy meetings this week, barring one possible hike.In a possible hint of hope, the Wall Street Journal reporte
LONDON, March 16 : Chinese e‑commerce giant JD.com on Monday launched its Joybuy online marketplace in the UK, Germany, France, the Netherlands, Belgium and Luxembourg, stepping up its push beyond its home market and taking aim at market leader Amazon.JD.com wants to internationalise its business and last y
Are China’s latest economic growth targets a sign of stabilisation or decline? Neither framing fits, says Enodo Economics’ Diana Choyleva.
March 15 : Asia-Pacific allies agreed to $57 billion in 22 deals with American companies during this weekend's Indo-Pacific Energy Security Forum in Tokyo, U.S. Interior Secretary Doug Burgum said on Sunday. In an interview on Fox News Channel's "Sunday Morning Futures," Burgum also said Japan is interested
Tesla CEO Elon Musk said on Saturday (Mar 14) that the company's Terafab project to make artificial intelligence chips will launch in seven days.Musk had said last year t
March 14 : ByteDance has put on hold the global launch of its latest video-generation model, Seedance 2.0, after a series of copyright disputes with major Hollywood studios and streaming platforms, The Information reported on Saturday, citing two people with direct knowledge of the situation.Reuters could not
March 14 : Tesla CEO Elon Musk said on Saturday that the company's Terafab project to make artificial intelligence chips will launch in seven days. Musk had said last year that Tesla probably will have to build "a gigantic chip fab" to make artificial intelligence chips. Tesla is designing its fifth-
TOKYO, March 14 : Japan's industry minister Ryosei Akazawa on Saturday asked Australia, Japan's biggest supplier of liquefied natural gas, to boost output in light of the Middle East crisis. Japan relies on the Middle East for around 11 per cent of its LNG imports, with 6 per cent shipped via the Strait of Ho
TOKYO, March 14 : Japan's biggest liquefied natural gas buyer, JERA, has started talks for potential additional purchases with global suppliers to hedge against Middle East supply worsening further, even as a major LNG exporter said the price spike was short-lived.Some 20 per cent of global LNG supply is offl
TOKYO, March 14 : Europe repaid Japan a favour when agreeing on a joint oil stockpile release this week to ease the supply crisis and price spikes caused by the Iran war, Japan's Industry Minister Ryosei Akazawa said on Saturday.The International Energy Agency on Wednesday agreed to release a record 400 milli
NEW YORK/SAN FRANCISCO, March 13 : Meta is planning sweeping layoffs that could affect 20 per cent or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted wo