Illustration: Sarah Grillo/Axios A new artificial intelligence contraption called ChatGPT has set the internet on fire this week. Why is this important: Essentially an artificial intelligence (AI) interface that texts you like a know-it-all human, ChatGPT could portend major disruptions for Big Tech, especially for the search industry. How it works: Just type a prompt …
European PMI data suggests the downturn may not be as severe China Private Survey Shows PMI Contraction Continues Factory activity contracts in Japan and South Korea Polls point to darkening outlook for Asia next year LONDON/TOKYO, Dec 1 (Reuters) – Factory output fell sharply last month due to slowing global demand and the impact of …
Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …
Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed Read More »
November 28, 2022 Texas manufacturing activity stagnates, outlook continues to deteriorate What’s new this month For this month’s survey, Texas business executives answered additional questions about operating costs and margins. The results of these questions from the Texas Manufacturing Outlook Survey, the Texas Service Sector Outlook Survey and the Texas Retail Outlook Survey have been …
Texas manufacturing activity stagnates, outlook continues to deteriorate Read More »
GLOBAL MARKETS DJIA 33536.70 -211.16 -0.63% Nasdaq 11196.22 -127.11 -1.12% S&P 500 3957.25 -35.68 -0.89% FTSE 100 7385.17 67.13 0.92% Nikkei Stock 27960.90 -2.57 -0.01% Hang Seng 17950.25 330.54 1.88% Kospi 2468.42 -6.23 -0.25% SGX Nifty* 18443.50 66.0 0.36% *Nov contract USD/JPY 140.31-32 +0.31% Range 140.51 139.88 EUR/USD 1.0316-19 -0.11% Range 1.0335 1.0313 CBOT Wheat …
There’s huge value in some Chinese tech stocks, says Primavera Capital Shares of major Chinese tech companies are currently “so depressed” and “really cheap,” said Fred Hu, founder and chairman of Primavera Capital. The Hang Seng Tech index in Hong Kong is down more than 30% year-to-date, although the index has rebounded in recent weeks. …
Hong Kong Stocks Up 3% as Tech Stocks Rise; China’s activity data disappoints Read More »
