Arabica coffee futures hit a record for the 13th straight trading session. Reports of a dry, hot weather system forming over Brazil's coffee areas helped to drive the new price peaks, as farmers in the world's top grower are reluctant to sell. https://lnkd.in/e3758FKi
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Updates
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The Silicon Valley firm, founded by a former Alphabet AI chip engineer, is known for producing AI inference chips that optimize speed and execute commands of pre-trained models. https://lnkd.in/eBj_ddzT
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Tesla's sales in China fell 11.5% on a year-over-year basis in the month of January, while Chinese competitor BYD sales surged an annualized 47%, according to data from the China Passenger Car Association. https://lnkd.in/eCsFm-3Q
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"It's time for OpenAI to return to the open-source, safety-focused force for good it once was," the Wall Street Journal cited Elon Musk as saying in a statement provided by Musk's lawyer, Marc Toberoff. "We will make sure that happens." https://lnkd.in/e-FSqRjN
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The Magnificent Seven has turned into the Stupendous One as AI spending fears weigh on sentiment. https://lnkd.in/d3P79BTz
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Donald Trump's rapid reorientation of the US trade landscape has a busy week ahead, and he could simultaneously make moves on three fronts as importers, CEOs, and foreign leaders struggle to adjust. https://lnkd.in/dZQ-6-Gi
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The ChatGPT maker is finalizing the design for its first in-house chip in the next few months and plans to send it for fabrication at Taiwan Semiconductor Manufacturing. https://lnkd.in/e2t2CcrF
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The move, which followed a weekend decision to shutter the agency's Washington headquarters, idled a federal agency of nearly 2,000 workers entrusted with enforcing consumer financial laws nationwide. https://lnkd.in/ekDQqaye
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Yahoo Finance reposted this
🍟 McDonald's is one of Yahoo Finance's top trending tickers this Monday morning! ‼️ US same-store sales missed expectations, but investors seem optimistic that same-store sales growth for international-owned stores fell less than expected, reflecting positive same-store sales growth led by the Middle East. For a full breakdown, check out my latest: https://lnkd.in/dYM4FgGd #food #fastfood #news #businessnews
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President Donald Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to all countries and matching the tariff rates levied by each country. https://lnkd.in/eB3z_apu
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