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FxWirePro: USD/JPY breaks above 110-EMA, continued strength in US data further boosts hawkish Fed bets

Feb 23, 2023 14:15 pm UTC| Technicals Economy

Chart - Courtesy Trading View Spot Analysis: USD/JPY was trading 0.25% higher on the day at 135.24 at around 13:55 GMT. Previous Weeks High/ Low: 135.11/ 131.11 Previous Sessions High/ Low: 135.05/...

Forever 21 announces relaunch in Japan with new high-end localized clothing line

Feb 23, 2023 10:15 am UTC| Business Economy

Forever 21, a fast fashion retailer operated by Authentic Brands Group (ABG), is returning to Japan more than three years after making its exit. The company will relaunch its brand but will offer deluxe items which have...

Adidas, Major League Soccer announce multi-year deal extension

Feb 23, 2023 07:53 am UTC| Business Economy

Adidas AG and Major League Soccer have extended their partnership deal as their previous agreement is set to expire next year. They have agreed to renew their contract and signed a multi-year deal which was announced just...

Amazon completes One Medical acquisition deal

Feb 23, 2023 07:42 am UTC| Business Economy

Amazon has officially acquired primary One Medical after closing its $3.9 billion deal. It was in July 2022 when the e-commerce and tech firm agreed to buy the primary healthcare provider to further expand its presence in...

Home Depot allots $1B to raise hourly wages of employees

Feb 23, 2023 07:24 am UTC| Business Economy

Home Depot said this week that it would raise the hourly wages of its employees, and for this, it is spending an additional $1 billion. This move comes as retailers and restaurant owners compete for workers. Home Depot...

Kyochon Korean fried chicken brand to open stores in Canada

Feb 23, 2023 07:16 am UTC| Business Economy

Kyochon FB Co., a leading fried chicken store chain in South Korea, is set to enter the Canadian market this year. It is able to expand in this region after signing a master franchise deal with a local company. Kyochons...

Nestlé to reveal new products at a trade show next month

Feb 23, 2023 07:11 am UTC| Business Economy

Nestlé SA announced on Wednesday, Feb. 22, that it would be launching new food and beverage products at the upcoming Natural Products Expo West 2023 Trade Show that will be held from Mar. 7 to 11 in Anaheim,...

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Economy

Jefferies Sees Further Upside for Chinese AI Stocks as Valuation Gap Narrows

Jefferies has expressed a bullish outlook on Chinese artificial intelligence stocks, saying the sector still has significant upside potential as the valuation gap with U.S. AI peers continues to narrow. In a recent...

Trump Signals Confidence China Could Open Markets to U.S. Goods Amid Rising Global Tensions

U.S. President Donald Trump said on Tuesday that he believes China could eventually open its markets wider to American goods, once again emphasizing what he described as a strong personal relationship with Chinese...

Japanese Manufacturers’ Confidence Slips to Six-Month Low as Global Demand Weakens

Japanese manufacturers confidence fell to its lowest level in six months in January, reflecting growing concerns over weakening global demand, particularly in major economies such as China and the United States. According...

Amazon Reviews Supplier Costs as U.S.–China Tariffs Ease

Amazon has confirmed that it is in discussions with some of its vendors about adjusting product costs following a recent reduction in U.S. tariff rates on Chinese imports, a move that could influence pricing across its...

Oil Prices Slip After Rally as Markets Weigh Iran Supply Risks and Rising U.S. Inventories

Oil prices edged lower in Asian trading on Wednesday after climbing to multi-week highs in the previous session, as investors balanced geopolitical supply concerns against fresh data showing a sharp increase in U.S. crude...

Politics

Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules

The Trump administration has officially approved the sale of Nvidias H200 artificial intelligence chips to China, marking a major shift in U.S. export policy and reigniting debate over national security and global AI...

Congress Seen as Check on Trump Policies, But Markets Face Rising Volatility, Says BCA Research

Congress is expected to restrain President Donald Trumps most aggressive policy initiatives, but financial markets should prepare for heightened volatility as he tests those boundaries, according to a recent analysis from...

Trump Responds to Criticism at Michigan Auto Plant as Epstein Controversy Resurfaces

U.S. President Donald Trump sparked fresh controversy during a visit to a Michigan auto plant after video footage circulated online showing him making an obscene hand gesture and appearing to direct profanity toward a...

Trump Urges Iranian Protests as Tehran Accuses U.S. of Destabilization

U.S. President Donald Trump has publicly urged Iranians to continue nationwide protests, escalating tensions as Irans leadership intensifies a crackdown on what are described as the largest demonstrations in years. In a...

U.S. Issues Urgent Advisory Urging Americans to Leave Iran Amid Protests

The United States government has issued an urgent travel advisory calling on American citizens to leave Iran immediately, citing growing security risks as large-scale anti-government protests spread across the country. The...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Alphabet Stock Poised for Growth as Bank of America Sees Strong AI Momentum Into 2026

Bank of America has reinforced its bullish outlook on Alphabet, citing improving artificial intelligence sentiment and a strengthening competitive position that could drive the company toward becoming the worlds most...

AFT Leaves X Over AI-Generated Images of Minors

The American Federation of Teachers (AFT), one of the largest teachers unions in the United States, has announced it is leaving the social media platform X, citing serious concerns over the creation and spread of...

Nvidia Denies Upfront Payment Requirement for H200 AI Chips Amid China Export Scrutiny

Nvidia has denied claims that it requires full upfront payments for its H200 artificial intelligence chips, pushing back against reports suggesting unusually strict sales terms for Chinese customers. In a statement issued...

Trump Pushes Tech Giants to Absorb AI Data Center Power Costs, Citing Microsoft Changes

U.S. President Donald Trump said Monday evening that his administration is working closely with major American technology companies to prevent the rising electricity costs of AI data centers from increasing household...

SK Hynix to Invest $13 Billion in Advanced Chip Packaging Plant as AI Memory Demand Surges

SK Hynix Inc, a key supplier to Nvidia and one of the worlds largest memory chipmakers, announced plans to invest 19 trillion won (approximately $13 billion) to build a cutting-edge chip packaging plant in South Korea,...
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