• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Financial Times, British chip startup Fractile is seeking to raise $200 million to challenge Nvidia (NVDA.O).On March 31, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, and the State Administration for Market Regulation jointly issued the "Action Plan for Standards-Led Optimization and Upgrading of the Textile Industry (2026-2028)". The plan proposes that by 2028, more than 300 standards will be formulated or revised, covering areas such as diversified adaptation, digital transformation, green and low-carbon development, and health and safety, comprehensively improving the supply capacity of textile standards; accelerating the assessment of the advancement, applicability, and dissemination of industry scientific and technological achievements, promoting the transformation of advanced and applicable scientific and technological achievements into standards, and strengthening the linkage between standard formulation and revision and technological innovation; conducting monitoring and analysis of the implementation of key standards, steadily improving the quality of standard supply, and making standard implementation more effective; and formulating or revising more than 10 international standards, maintaining an international standard conversion rate of over 85%, and steadily improving domestic and international consistency.The South Korean won fell by as much as 1% against the US dollar during the day.The bid-to-cover ratio for the Japanese 2-year government bond auction was 3.54, compared to 3.32 in the previous auction.According to GasBuddy, a gasoline price tracking service, the average price of gasoline in the United States rose to $4 per gallon on Monday, a new high in more than three years.

S&P 500 Retreats As Tech Stocks Remain Under Pressure

Eric Stanberg

Dec 20, 2022 17:59



The S&P 500 tests new lows as traders continue to be alarmed by the aggressive Fed.


As investors continued to dump tech stocks, the S&P 500 dropped toward the 3815 level. Over 1% of the heavily tech-weighted NASDAQ Composite dropped during today's trading.


The yield-sensitive tech stocks were negatively impacted by today's increase in Treasury yields. As they lower risks, traders' top worry is still the hawkish Fed.


Large-cap stocks like Amazon and Meta are down more than 2% in today's trading session. While this is happening, energy stocks are rising as WTI oil was able to settle over the $75 level.