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9/17
03:19
Japanese manufacturer Yokohama Rubber has established a new tire plant in China, utilizing locally made machinery for faster and cheaper production. This move aims to secure a larger role in the supply chains of Chinese automakers, including BYD, amidst declining Japanese car sales in China.
03:14
Federal Reserve Chairman Warsh stated that the Federal Reserve "has unwound some of the accommodation" to bring financial and credit conditions more in line with the Fed's ultimate goals. He rejected the interpretation that "policy remains accommodative after Wednesday's rate hike," and said that economists' proposed unobservable interest rate setting that "neither stimulates nor slows growth" is not applicable to the Fed's current decision-making.
03:09
According to the Financial Times, the hackers, who call themselves “iamnotavillain,” have given Revolut 24 hours to pay 6,000 XMR (approximately $3 million) or they will sell the stolen customer data to other criminal groups. The group stated they targeted customers with significant crypto holdings, affecting at least 680 Revolut accounts. The breach occurred after attackers posed as government officials to obtain customer records.
03:02
An analyst suggests investors are overly focused on Alphabet's AI model performance, rather than recognizing the company's distinct AI approach and its strong cloud potential.
02:58
Despite the trend, Aon Inc. on Monday priced $2 billion of notes maturing in 2056 to fund an acquisition, which saw investor demand more than seven times the offering size.
02:53
Sarah Heck, Anthropic's head of public policy, stated on Wednesday that artificial intelligence companies cannot manage oversight and safety concerns by relying on an "honor code," emphasizing the need for government involvement. She added that companies "can't be checking our own homework."

Heck's comments follow Anthropic CEO Dario Amodei's recent call for the industry to deliberately slow the pace of model development, which garnered support from executives like OpenAI CEO Sam Altman and Elon Musk. However, other tech leaders, including Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg, expressed less conviction about intentionally slowing development, with Zuckerberg noting Meta had delayed its personal AI agent Muse to focus on safety without calling for others to do the same.
02:50
Federal Reserve Chairman Warsh stated that three major developments have altered the Federal Reserve's outlook since July: a stronger economy and labor market, insufficient improvement in inflation, and a change in geopolitical risk assessment. Warsh said that recent inflation data provided "little" reason for him to change his concerns.
02:45
The Federal Reserve on Wednesday decided to raise short-term interest rates by a quarter of a percentage point, which will quickly increase interest expenses for credit card borrowers. Credit card debt, mortgages, and savings accounts may all be affected. Taking an average credit card debt of $6,600 as an example, this rate hike will increase monthly interest by approximately $1.38.
02:41
According to U.S. prosecutors, last year, Yuri Khrameev, a former Russian military intelligence officer, offered a U.S. citizen $25,000 to track and kill a person "spreading Russian lies" in the Lithuanian capital.
02:37
Tera Portfoy Yonetimi AS announced that two of its funds, holding a combined 366 billion liras ($7.5 billion) in assets, failed to meet redemption requests. This marks the second Turkish asset manager this week to declare defaults on some funds.
02:28
Analysts point out that while Micron Technology's stock is currently undervalued, this situation is likely to change, driving its share price up. The analyst believes that the previous surge in stock price was primarily due to strong earnings growth, rather than a change in investors' valuation of its earnings per share.
02:27
United Nations Secretary-General Antonio Guterres stated at a news conference on Wednesday that geopolitical divisions among major powers, some of whom violate international law while sitting on the Security Council, have paralyzed the body. He emphasized that Security Council reform must be an absolute priority, advocating for a redistribution of power to reflect current global realities. Guterres also highlighted the ongoing Palestinian-Israeli crisis and the war in Ukraine as examples of global challenges hindered by this inaction, and called for a global and coordinated vision to address the threat of "runaway" AI.
02:20
★★★★★Previous 3.75%Forecast 4%Actual 4% In line with forecast
02:13
France’s government extended targeted aid for sectors most hurt by the latest rise in fuel prices due to the Middle East conflict.

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