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According to Japans Asahi Shimbun: Japan will not recognize the State of Palestine at the United Nations General Assembly.On September 17, Chery Automobile announced on the Hong Kong Stock Exchange that it plans to issue 297,397,000 H shares (subject to the exercise of the over-allotment option) for its Hong Kong listing, with a price range of HK$27.75 to HK$30.75. The price is expected to be completed on September 23. The shares are expected to begin trading on the Hong Kong Stock Exchange on September 25.September 17th news, Google (GOOG.O) has been trying to catch up with OpenAI in the field of generative artificial intelligence, and now it seems to have finally made progress among users. This week, Googles Gemini application took the first place in the Apple App Store free application rankings, surpassing ChatGPT, which led the generative artificial intelligence craze nearly three years ago. Googles Gemini AI model has recently launched some updates, attracting new users. Last month, Google released an upgraded version of its "Flash" AI model, 2.5 Flash Image, which added an image editing feature called Nano Banana. Josh Woodward, head of the Gemini application, said that this product brought 13 million new users to the Gemini application in just four days, bringing its total number of users since its launch to 23 million.According to Japans Asahi Shimbun: Japan will postpone recognizing the State of Palestine.On September 17th, several major US tech companies announced they would invest over $40 billion to expand the UKs AI infrastructure, a significant boon for the country, coinciding with a state visit from President Trump. Microsoft (MSFT.O) said on Tuesday it would invest $30 billion in UK AI infrastructure and existing operations by 2028, its largest financial commitment yet in the country. Google (GOOG.O) said it would invest approximately $6.8 billion in AI, R&D, and related engineering in the UK over the next two years. Meanwhile, Nvidia (NVDA.O), OpenAI, and British company Nscale are collaborating to build AI infrastructure in the UK to meet OpenAIs computing needs. The project, called "Stargate UK," is expected to be located in northeast England and utilize tens of thousands of Nvidias Grace Blackwell Ultra graphics processing units. Among other investments, AI cloud computing company CoreWeave plans to invest approximately $2.04 billion in AI data center capacity and operations in the UK. Salesforce announced it would invest a further $2 billion in its UK operations by 2030, while BlackRock will pour £500 million into data centers across the UK.

Dow Futures decline as earnings season begins

Charlie Brooks

Oct 10, 2022 15:23

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On Sunday evening, U.S. stock futures were trading lower after major benchmark indices ended the week with mixed results amid volatile trading conditions. The upcoming week will be a busy one for investors, as corporate earnings, FOMC minutes, and highly anticipated consumer price data are scheduled for release.


At 7:10pm ET (11:10pm GMT), Dow Jones Futures were down 0.5%, while S&P 500 Futures and Nasdaq 100 Futures each fell 0.6%.


This week, market participants will closely monitor the speeches of Fed policymakers Evans and Brainard, as well as FOMC members Harker and Mester, for additional clues on the Fed's rate hike trajectory. In addition, fresh PPI and CPI data, the most recent FOMC meeting minutes, retail sales, and Michigan consumer sentiment will be monitored, along with fresh earnings results from Morgan Stanley (NYSE:MS), JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Company (NYSE:WFC), and PepsiCo Inc (NASDAQ:PEP) (NYSE:DAL).


On Friday, the Dow Jones Industrial Average fell 360.2 points, or 2.1%, to 29,296.8; the S&P 500 fell 104.9 points, or 2.8%, to 3,637.7; and the NASDAQ Composite fell 420.9 points, or 3.0%, to 10,242.4. The Dow gained 1.5% for the week, whereas the S&P 500 gained 0.8% and the NASDAQ only gained 0.1%.


The 10-Year United States bond market interest rate was 3.885%.