Houthi assaults on merchant ships as they sail through the Red Sea are driving up the shares of firms transporting everything from manufactured goods to oil and commodities. The combined market capitalization of the world’s largest publicly traded shipping companies has jumped by about $22 billion since Dec. 12, when the assaults really ramped up. … Read more
Updated Dec. 3, 2023 3:53 pm ET Alaska Air reached a roughly $1 billion deal to buy Hawaiian Airlines, a combination of two nearly century-old rivals that are dwarfed by the biggest players in a time of travel upheaval. The proposed deal would unite carriers that largely serve destinations in the Pacific region and operate … Read more
MONTREAL, Nov. 01, 2023 (GLOBE NEWSWIRE) — Imagine being able to solve billion parameter optimization problems with hundreds of thousands of variables in a matter of seconds. There are more possible solutions to these problems than there are atoms in the universe. This is exactly what the Research Team at InfinityQ has done, with off … Read more
Updated Oct. 31, 2023 12:36 am ET SINGAPORE—New U.S. export controls may compel artificial-intelligence giant Nvidia to cancel billions of dollars in next-year orders for its advanced chips to China, a move that could deprive Chinese tech companies of crucial AI resources. The Santa Clara, Calif.-based company had already finished delivering orders of its advanced … Read more
Listen to article (2 minutes) Russia has withdrawn the bulk of its Black Sea Fleet from its main base in occupied Crimea, a potent acknowledgment of how Ukrainian missile and drone strikes are challenging Moscow’s hold on the peninsula. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link
A luxury cruise ship carrying 206 passengers — primarily Australians — has run aground in remote northeastern Greenland, with the closest vessel available to help with rescue efforts only expected to reach the scene on Friday. The Ocean Explorer became stuck at about noon on Monday in the Alpefjord, roughly 870 miles (1,400 kilometers) northeast … Read more
Is there any point in filing trade disputes against China at the World Trade Organization? For the US, the answer appears to be no, thanks to what Washington perceives as an unfair dispute-settlement system that’s also expensive, takes too long and doesn’t effectively change behavior in Beijing. Source link
Resilient U.S. Economy Defies Expectations – WSJ The Wall Street Journal Source link
Online retail giant Amazon.com Inc.’s AMZN second-quarter results and third-quarter forecast sales last week were a bet that more consumers would start buying more things, but Wall Street’s expectations for the third quarter overall have only grown dimmer. With most of the 500 companies that make up the S&P 500 Index SPX already through the … Read more