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Real-time News
Qualcomm (QCOM.O) shares rose briefly, currently up 1.6%.According to the Wall Street Journal, sources revealed that the prototype will run on a proprietary operating system integrating SpaceXs (SPCX.O) xAI artificial intelligence technology. The prototype boasts a sleek design and is thinner than the iPhone. The device will utilize a Qualcomm (QCOM.O) Snapdragon chipset.On July 2nd, European Central Bank (ECB) Governing Council member Stournaras stated that with the unexpected drop in energy prices and slowing inflation in the Eurozone, the central bank may not need to further tighten policy after its June rate hike. Latest data showed that Eurozone consumer price inflation fell to 2.8%, lower than expected, which he called a "clear downside surprise." He pointed out that the focus should now be on how businesses pass on changes in energy costs and the impact of the AI investment boom on the overall price system. Stournaras stated, "I dont think anything will change in July unless things deteriorate significantly." He tends to believe that policy should remain unchanged for some time. The ECB had previously raised interest rates to 2.25%. Regarding energy, he mentioned that Gulf central bank officials believe the recent shocks have had limited damage to energy infrastructure, and that Iran may release more crude oil supplies in the future, contrary to previous market assessments of energy shortages. He also warned that energy price increases tend to be quickly transmitted to end users, but price decreases are transmitted more slowly, reflecting insufficient competition in some European markets. Furthermore, the AI investment boom may also affect the prices of electronic products, especially imports from South Korea and Taiwan.Market news: The head of BlackRocks (BLK.N) troubled private credit fund is in the process of leaving the position after the fund came under pressure from multiple bad loan losses and an investigation by U.S. regulators into its valuation methods.July 2nd - German media reported on July 1st that the German Federal Prosecutors Office has filed charges against a Ukrainian national suspected of involvement in sabotaging the Nord Stream gas pipeline. According to multiple German media reports, the suspects name is Sergei K. German prosecutors accuse him of attacking civilian energy infrastructure, causing explosions, and damaging buildings.
