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Federal Reserve Governor Cook: Inflation risks have outweighed employment risks, and action will be taken if inflation does not cool down.

Federal Reserve Governor Cook: Inflation risks have outweighed employment risks, and action will be taken if inflation does not cool down.

Federal Reserve Governor Lisa Cook stated that the current risk of sustained high inflation has surpassed the risk of a weakening labor market, as the artificial intelligence investment boom and recent supply shocks have pushed up price pressures. Cook said at an event in Washington on Wednesday: “If we do

Trump criticizes New York for pausing AI data center approvals: This is a "terrible decision," and tax revenue and jobs are "liquid gold."

Trump criticizes New York for pausing AI data center approvals: This is a "terrible decision," and tax revenue and jobs are "liquid gold."

``` Trump criticized New York Governor Kathy Hochul’s executive order suspending environmental permits for large data centers on social media Wednesday, calling it a “terrible decision” and demanding the state immediately change its stance. He wrote that the tax revenue and jobs brought by data centers are “liquid gold,” a

The ongoing US-Iran conflict continues to pose a threat, and the US may take further actions to suppress oil prices; the White House is reportedly considering another extension of the "shipping ban" exemption.

The ongoing US-Iran conflict continues to pose a threat, and the US may take further actions to suppress oil prices; the White House is reportedly considering another extension of the "shipping ban" exemption.

``` As the U.S.-Iran conflict escalates again and international oil prices return to around $80, the U.S. government is considering continuing to use a highly controversial policy tool—relaxing the century-old Jones Act. According to reports on Wednesday the 15th, U.S. Eastern Time, the White House is

Report: ASML plans to raise lithography machine prices, TSMC expresses opposition

Report: ASML plans to raise lithography machine prices, TSMC expresses opposition

``` According to The Information citing informed sources, ASML is planning to raise the prices of its chip manufacturing equipment. Its largest customer, TSMC, has already objected to the Dutch lithography machine manufacturer’s price hike plan. ASML closed down 0.41% on Wednesday. ASML manufactures extreme ultraviolet (EUV) lithography machines

Ongoing US-Iran conflict: Iran warns that any breach will be countered and refuses to actively seek negotiations; US military says it will strike for 90 minutes on Wednesday after blockade.

Ongoing US-Iran conflict: Iran warns that any breach will be countered and refuses to actively seek negotiations; US military says it will strike for 90 minutes on Wednesday after blockade.

``` On Wednesday, July 15th, there were no signs of easing tensions between the U.S. and Iran. On one hand, Iran has continued to release strong signals. The Iranian Ministry of Foreign Affairs warned that the preliminary ceasefire agreement, or memorandum of understanding, signed by the U.S. and Iran

$53 billion, 28% premium: Stripe teams up with Advent for a "reverse acquisition" of PayPal, the most daring bet in payment history

$53 billion, 28% premium: Stripe teams up with Advent for a "reverse acquisition" of PayPal, the most daring bet in payment history

``` The payment industry may be about to see the largest merger and acquisition deal in recent years. On July 15, according to Reuters citing people familiar with the matter, payment unicorn Stripe has teamed up with private equity giant Advent International to make a $53 billion acquisition offer for New

Bank of Canada keeps interest rates unchanged for the sixth consecutive time: Economy shows signs of improvement, inflation expected to return to 2% target early next year.

Bank of Canada keeps interest rates unchanged for the sixth consecutive time: Economy shows signs of improvement, inflation expected to return to 2% target early next year.

``` The Bank of Canada kept its benchmark interest rate unchanged at 2.25% on Wednesday, marking the sixth consecutive meeting with no change, in line with market expectations. The central bank stated that the economy is showing signs of improvement, but still faces considerable uncertainty. Governor Tiff Macklem said that