Philip Chow Howgyn
voted
China is gearing up its technological advancement efforts by setting up a colossal chip fund, aiming to raise over $27 billion. This initiative, the largest of its kind, seeks to foster the development of cutting-edge technologies, particularly in the semiconductor sector. This move is seen as a direct response to the United States' efforts to limit China's technological progress, especially in chips and artificial intellige...
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Philip Chow Howgyn
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Reddit, a popular online platform known for its vibrant communities and diverse forums, is making headlines as it gears up for an initial public offering (IPO) that could value the company at up to $6.5 billion. They looking to set a price range of $31-$34 per share.
Founded in 2005, Reddit has grown to become a digital haven where users can share news, participate in discussions, and connect with like-minded individuals across a myriad of topics,...
Founded in 2005, Reddit has grown to become a digital haven where users can share news, participate in discussions, and connect with like-minded individuals across a myriad of topics,...
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Philip Chow Howgyn
reacted to
Jerome Powell recently told Congress that the Fed is planning to lower interest rates at some point this year, but they're not rushing to do it. They want to assure that inflation is under control and moving towards their goal of 2% before they make any changes. Even though there are signs the economy is doing well, the Fed is being cautious to not mess up the progress they've made in keeping prices stable.
Powell mentioned that the interest rate, ...
Powell mentioned that the interest rate, ...
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Philip Chow Howgyn
liked
Dear Malaysian friends, the tax season is here! Here’s a detailed guide to help you maximise your income tax relief to pay less tax!
Hope you found it useful!![]()
Hope you found it useful!
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Philip Chow Howgyn
liked
It's been some time since my last update (just got back from a 2 weeks vacation in Japan, also I got engaged haha!) - but something caught my attention and I had to share it with y'all!
Moody's has just changed its view on China's financial health from stable to negative, less than a month after doing the same for the United States. To them, the Chinese government's support for local governments and state-owned businesses might w...
Moody's has just changed its view on China's financial health from stable to negative, less than a month after doing the same for the United States. To them, the Chinese government's support for local governments and state-owned businesses might w...
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Philip Chow Howgyn
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The FOMC had finally admitted that they’re in discussion on a topic of possible rate cut in this coming 2024 .
More than 50% of the FOMC committee members DotPlot（or policy path chart）are perceiving a 3 times rate cut of up to 0.75% next year.
Stock markets in US and Europe continue to cherish the great moment after the officials had shown a dovish attitude.
However, everything has to back to fundamental , the current stock market for US has been performing excpetiona...
More than 50% of the FOMC committee members DotPlot（or policy path chart）are perceiving a 3 times rate cut of up to 0.75% next year.
Stock markets in US and Europe continue to cherish the great moment after the officials had shown a dovish attitude.
However, everything has to back to fundamental , the current stock market for US has been performing excpetiona...
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Philip Chow Howgyn
liked
$Tesla (TSLA.US)$Tesla's sales of electric vehicles (EVs) produced in China dipped 10.9% year-on-year in September, with the company selling 74,073 units. The sales for the popular China-made Model 3 and Model Y saw a decrease of 12% compared to the previous month.
In contrast, BYD experienced a significant growth of 42.8% in passenger vehicle deliveries, hitting a total of 286,903 units last month.
One of the factors impacting Tesla's numbers is ...
In contrast, BYD experienced a significant growth of 42.8% in passenger vehicle deliveries, hitting a total of 286,903 units last month.
One of the factors impacting Tesla's numbers is ...
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Philip Chow Howgyn
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The U.S. economy has steady growth during the Q2 2023, matching experts' expectations. For what’s important, the gross domestic product (GDP) saw a growth of 2.1% in this period, while the first quarter was revised to reflect a 2.2% growth rate, up from the initial 2.0% report.
Historical GDP data was also updated due to new information and improved methods. Interestingly, GDP for the early months of 2020, 2021, and 2022 was lowered as consumers spending was less than...
Historical GDP data was also updated due to new information and improved methods. Interestingly, GDP for the early months of 2020, 2021, and 2022 was lowered as consumers spending was less than...
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Philip Chow Howgyn
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The U.S. Federal Reserve decided not to change its interest rates but hinted they might increase them by the end of the year. Their projections suggest the benchmark overnight interest rate might peak between 5.5% to 5.75% this year, decreasing to 5.1% by 2024's end and 3.9% by 2025. They're hoping to lower inflation from 3.3% in 2023 to 2.5% in 2024 and then to 2.2% in 2025. They aim to reach a 2% inflation rate by 2026.
After these numbers came out, th...
After these numbers came out, th...
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Philip Chow Howgyn
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The U.S. Department of the Treasury has shared Treasury International Capital Data for July. Here are the main takeaways:
1. Foreign Investments: The U.S. saw a total investment inflow of $140.6 billion from foreign entities. Such an inflow shows a positive sentiment among foreign investors towards the U.S. market, suggesting they see the U.S. as a stable or profitable place to park their money. Breaking it down:
- Private foreign investors br...
1. Foreign Investments: The U.S. saw a total investment inflow of $140.6 billion from foreign entities. Such an inflow shows a positive sentiment among foreign investors towards the U.S. market, suggesting they see the U.S. as a stable or profitable place to park their money. Breaking it down:
- Private foreign investors br...
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