May 12, 2024
Investors

The Dow struggles to recover as investors await inflation data and the Fed

Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation

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Finance

China blocks use of Intel and AMD chips in government computers, FT reports

(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel and AMD from government personal computers and servers, the Financial Times reported on Sunday. The procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favour of domestic options, the report said. Government agencies above the township level

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Crypto

Apple Apple takes down nine crypto apps from India App Store

Apple has removed a number of cryptocurrency apps from the regional App Store servicing India, weeks after a financial regulator declared they were operating illegally. Representations of cryptocurrencies On December 28, India’s Financial Intelligence Unit declared that nine crypto exchanges were not complying with anti-laundering laws, resulting in a request to the IT Ministry

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