Intercontinental Exchange Inc. $ICE, the parent company of the New York Stock Exchange, announced on Monday its decision to dual list on the newly established NYSE Texas. The move marks a significant strategic alignment with the state’s increasingly prominent role as a pro-business financial hub.
In a landmark decision reshaping the global steel industry, former U.S. President Donald Trump has approved Nippon Steel’s $5401.T $14.9 billion acquisition of U.S. Steel $X. The move concludes nearly 18 months of regulatory scrutiny, labor union pushback, and national security evaluations.
On Wednesday, Apple Inc. $AAPL faced a setback in its ongoing legal battle over its App Store policies. The 9th Circuit Court of Appeals in the United States denied Apple’s request to pause key provisions of a federal judge’s ruling that mandates the tech giant to open its lucrative App Store to a broader range of competitors. This development emerges from a prolonged antitrust lawsuit initiated by Epic Games, the creator of the popular game Fortnite.
On Tuesday, Broadcom Inc. $AVGO announced the launch and delivery of its latest high-performance network chip, Tomahawk 6, designed specifically to enhance artificial intelligence (AI) workloads. As AI applications rapidly expand across industries, the demand for faster, more efficient data processing infrastructure in the USD-dominated global market continues to rise. Broadcom’s new chip promises to significantly increase data throughput and optimize traffic management, addressing critical bottlenecks in AI model training and deployment.
Rising levels of sovereign debt are drawing renewed scrutiny from global bond investors as fiscal pressures intensify across advanced economies. The recent credit rating downgrade of the United States by Moody’s $MCO and tepid demand for Japanese government bonds (JGBs) underscore growing unease over debt sustainability in the world’s two largest economies.
